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Faron don't have enough cash to meet the finance deals they struck...very poor management but we always knew cash was needed by April so nothing changed, we just hoped some deal was in the offing.
Markku needs to step up now his halo has slipped and time his running out
Luck, somethings doesn't add up. I would have thought that Markku/Faron/Timo would have this type of event covered before It happened. IMO.
This could be a defensive operation if some “hostile” instance would be attempting to acquire a certain proportion of Faron shares to drive their own interests or to join others later to form an alliance that has to make an offer to buy all shares when suitable?
So Faron and IPF can use covenants as a reason to drop the sp. Why? If an imagined hostile party was financing their acquisition efforts with loans and using Faron shares to guarantee the loans. With the sp -40% they can be in difficulties with their own covenants?
There can be various expectations for the future of the company and who knows the window is open now for any attempt before deals done?
Dan all we SHs can do Is tough it out and see what value Is put on whatever progress has been made with the amount of money that has been spent. Other than that sell and forget about It.
Dan , c'mon , when was SSV mentioned? 3 years ago? Where is it? Look at the sp and the dilutionin 3 years.
And the words were actually" iminent significant shareholder value".
At the time I read that as within 12 months.
I think the sp then was over £4 , nearly five.
Can’t be that SSV was just a completely reckless assertion knowing that the truth would eventually be out. I still think all the recent development was in earnest and that this is just a MINOr bump in the road to test our faith.
Buys seem to have outnumbered the Sells. That says something too.
@20:13. A good post , describes where FARN are in the journey if you want to believe. Many folk here do think its is just around the corner , and that is thanks to Zenagh , and Sax.
Sax is the driver here no doubt.
If you invest in early stage , one lead candidate companiies such as Faron then it's imperative to fully understand the timeframes involved. Despite Marku, plus other folks invested on this board thinking we are in the final stages of approval , the reality is more like 4 years before BEX gets approved- if it does.
BEX has only just got going in phase 2, nothing gets approved in these risk adverse times without a full- on placebo controlled double blind trial. These are , expensive, time consuming and uncertain. Bex has shown potential for sure but there are serious hurdles to still get over - anyone who thinks we are all going to be rich in a years time is in for a disappointment. If big pharma is going to come to the rescue then they are going to want to see some serious phase 3 data before they put their money down- no matter how much Marku talks it up , that is the bottom line.
Santhi , it wasn't an I told you so. You had 10 days to act on it.
Unfortunately at times like these, the I told you so’s come out.
It has been a disaster of a day and I’m very disappointed in myself for being over exposed.
Let’s see if we get some news tomorrow. I’ll be saying my prayers tonight…..
That must be me. Bury yer head in the sand when the sh*t hits the fan eh lol!
Someone I filtered has just appeared. Brace yourselves for all sorts appearing on here now. The peace and quiet we enjoyed on this BB is gone.
GH.
I asked you all on 9th Feb why so many options had been exercised at EU1.09. You lot just treat me as trouble maker. I was in here for 3 or 4 years . I'm not. I'm quite sorry and shocked at todays action too.
Fill yer boots , plenty available. Sax was first in.
Be careful might drop further depending on placement. Better not to catch a falling knife. First time I've started to loose faith. Very poor of management to allow this to happen. GLA.
I blame you itsallamess for your predictive moniker. Every single share I’ve held on AIM has been a disaster with one exception HVO. Incidentally that company has no debt and is profitable with a healthy balance sheet. I think I may have discovered the secret to successful investing!
Just seen the share price!!!
This is terrible!
Might buy more tomorrow!
And Markku for that matter.
Wouldn't Timo have known about and rescued this before today's debacle?
My worry is that if everything is so rosy and farn are short by say 1.5m in thier financing agreement why would they announce and call in a breech if the big bucks were about to role in.
The recent low buying pressure amongst Markkus SSV is concerning
Let’s hope Timo rescues this s**t show asap.
Really hoping they announce something before the market opens tomorrow!
Who's trying to steal It??.
Timo's down £13 million on paper. Surely he'd foot a placing on his own to keep the wolves from the door so the company can progress.
ATB
SBT
Indeed
Call me what u will but I’ve topped with a few 🤷♂️
Last trade that went through at 164.75 was mine - and it was a buy