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Drac what do these small share buys mean,is it a code ?
I wonder why there are so many one share buys going through, very strange,hopefully we will get an update very soon.
Just look at the 1, 2, and 3 Share Trades,
This is nothing about Financing. There are technical issues here!
This is an absolute joke now. What is going on. The sp is tanking
I have always regarded FARN as a rare quality stock. This is unbelievable
Shares selling at 132p
I wont mind If Markku's extra 0 Is added to last weeks SP. Sure Faron Is going to have to be Major Partnered or bought out anyway. This Episode Should Not Have Happened. Seems like Something Not right here. It's time now after the long wait to treat their long standing SHs fairly. MY son and I have held our Faron shares since the day we bought them some years ago. IMO
I'm sure Sax can , he's the Father of the board imo. I cannot see how a 1.4m shortfall would not just be loaned to FARN via Timo or Markku. nIt just doesn't add up.
And then Luckenbench come in and says the whole lot can be taken over , with apologies , by 4 stakeholders.
This looks like a reverse takeover for not much money.
Ask Luckenbench , he seems to know.
I've had shares here since 2018.. been posting here for years..
Not paid too much attention recently, just biding time for the trials to go through their stages.
What's just happened? Faron needs to pay back 1.4 million to someone and they can't? Didn't they have millions in funds to pay for the next few months?
Can anyone sum up what going on?
Enron , Goldman Sachs , you get the drift.
I'm not too sure of your use of English Luke , but if your last paragraph there is anything to go by I'd be pretty worried.
Also , I'm sure pension funds held Enrol et al , it means nothing who holds.
They are in, Fjarde AP Fonden 3,5%.
Btw. Bayer and Orion have a collaborative partnership in the development and commercialization of the prostate cancer drug darolutamide (marketed under the brand name Nubeqa)
Bayer holds global commercial rights to darolutamide. Orion is entitled to receive annually tiered royalties on global darolutamide sales, with a total annual royalty rate of approximately 20%, including product sales to Bayer.
Bayer is present at the Faron board.
A fourth alternative is that the very biggest owners form an alliance together with the founders and announces they have to secure Bex future and buy the company out from NAS and AIM with apologies. The biggest 100 owners have 87% of the shares, maybe even more behind the curtains so maybe not so impossible to manage.
Forgive me, I'm slightly out of touch but is that Swedish Pension Fund still invested?
If I were a holder here , I would be very disappointed that there was no RNS today to explain yesterdays collapse in the SP. If there is none tomorrow , well that is total disrespect imo.
Good thing still is that the sp is holding. As a result of this all we will at least get a description for the reasons of this episode and the situation of the company in overall, I assume.
No big amounts of shares sold today unless behind the curtains. Creates confidence.
We all know what happened but not why?
The thing is that Faron have not yet given us any explanation. If they were in deep sh*t, they should have told us. So at least they are negotiating the way out. Alternatively the counterpart could be in deep sh*t so negotiations were useless. If the counterpart were busted then you couldn’t open this lock I am afraid. Two successful solutions in hands like share-issue twice the borrowed sum plus at least one month expenses. The second alternative is they’ll make some kind of a partnering or acquisition deal with BP. A third alternative could be swapping shares with a solvent smaller company to continue the story. This could be Orion in Finland.
IMHO
If the market thought this situation was serious the share would have been suspended..
It was not....This will be resolved, even though the Board should never had let this happen..
It is a setback, and shareholders deserved better, but longterm I think this will succeed...
Are we betting there will be a cleverly worded RNS tomorrow explaining the crap situation or an RNS with a grovelling apology and solution or thr a sacking of the finance director. Or just business are usual and screw you shareholders?
Why did Faron Not have this sorted a month ago?. Did Faron almost have a deal and with funds coming would not need
them?. It seems an almost unbelievable situation to arrive at. IMO
Very strange situation for Faron to be in ..
One cannot forsee this going on too long though as the bank accounts are blocked yet wages etc will need to be paid..
Many questions need answering but this IS most certainly a major red flag for sentiment in any case .
Telling their own story.
Wouldn’t be surprised if BP makes now an offer with cash and own shares. It might’ve been in preparation a while and now because of this episode it will be accelerated. A part of the price maybe compensated with own shares.
Maybe Traumakine plunged into the value discussion and got various stakeholders to give a second thought and here we are. Have to remember that Poolbeg brought a third party opinion on the CAR-T related CRS market value. This is of course something that needs to be considered when presenting acceptance of an acquisition offer to shareholders.
Big Pharma certainly don't need to see a completed P3 double blind placebo trial before they acquire a company .
In fact , most deals are done in pre clinical or early /mid stage phase .
And currently , those with a completed Phase 2 are commanding the best price tags .
What Faron have is very attractive . That is a fact - not a dream .
https://www.evaluate.com/vantage/articles/insights/ma/following-ma-money-phase-and-therapy-area
Calm down. What is different whit Bex than day before yesterday? 1,4 milloin euros? Bad news about Faron's drugs? C'mon guys, I bought more. I can't believe, that Maija or others want to destroy their future of Timo Will loose his money. Do you? Excatly.
I always know that I am largely in the dark with my investments- I am risk seeking by nature and luck, usually bad, is the determining factor in my performance. I suspect I am not alone. I look at the accounts and broker reports, read discussion forums and that’s about it. There are many far more researched than me and yet todays bombshell demonstrates how few really have a sufficient understanding of what is going on to be shareholders. I guess that’s why most people stick to ETFs. Investing is never boring and continues to surprise me again and again.