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Why are you so invested in the price dropping that you're mentioning it in every thread? You don't happen to be short do you?
Not everyone has the option to buy at 85p
Why are people buying at 95.00p then they can buy at 85.00?
What silliness is this?
Started: Abecedarian, 14 Jun 2024 11:31
Last post: quesera, 14 Jun 2024 16:21
I've subscribed for my full entitlement. I had no more spare cash to apply for more and I won't allow myself to sell anything else to fund a gamble like this.
For better or worse, this is the final roll of the dice for me. It will play out one way or another in the next 9 months and we'll either be considerably richer or feeling like fools :)
For what it's worth, I do believe that Juho, Markku and the Board are genuine in what they are saying and doing. At its heart this is a family business (Sirpa, Markku, Juho, Maija) and they wouldn't pull the share price down so far and dilute themselves this much if they didn't believe the leverage gained by this scale of raise wasn't going to be worth it.
Well, after being on a free ride here for 4 years and promising myself I was leaving it to play out whatever happened, I've taken some profit from HSW and applied for enough shares to double my holding.
I've been buying since 79p in 2018, the medicinal side of Faron has only got better, my concern is whether the business itself is good enough...
Good luck everybody!
Started: itsallamess, 13 Jun 2024 18:24
Last post: Xancaster1, 14 Jun 2024 10:58
AJ Bell has also closed. Annoying I was looking to buy some more based on the offer today but had no idea there was a risk it would be done an dusted that far ahead of the proposed cut off date :(
Sorry Itsall, I realise it's one Broker, I should have been clearer.
I don't think the offer has closed early, I think it's some brokers close earlier
I wonder why the offer is closing so early?
From the RNS: "The REX Offer is expected to close at or around 7:30 a.m. on 19 June 2024. Investors should note that financial intermediaries may have earlier closing times"
Git a email from my broker that today is the last day for anyone to take up the offer.
I'm good to go!
Started: StrictlyZinc, 13 Jun 2024 07:59
Last post: Dracula1, 13 Jun 2024 20:31
Sax In the same boat as yourself. Being an Investor In the AIM Is being fool hardy. In most Aim Cos you hand over your money to traders. Faron was an exception to that rule until the SSV didn't happen and trust went out the window. . Anyway same as yourself my decision my loss won't go hungry. IMO
Strickly , I think we all have those thoughts . I've done alot of thinking about Faron recently . About chucking good money after bad . Is 85p a gift ? I too have little to show for many of my investments . Some I have walked away from . Two I have stuck with in size is Faron and GGP . Eventually I believe we will see rewards . So I have doubled down in both . I won't starve if both implode , but despite AIMs ability to swallow peoples money , I feel these two have the best chance . Faron's Finnish investor base is also another positive . We aren't totally at the whim of AIM . I really hope that in a years time we can look back and see that by holding on , we did the right thing . Good luck .
Strickly, It's beginning to look that way. IMO.
Hi Strictlyzinc, I really understand your sentiments regarding AIM,and investing .As a LTH here since the drop.Anyway on the positive side Faron have an effective drug with few side effects in P2,Hopefully the raise will be successful and the company will have a cash runway until the end of March 2025.Its also positive that existing investers have added including Caroline Roth.Hopefully Faron will be the one.
Apologies for the typos - old age has taken my eyesight too! Still smiling - just!
Last post: Santhi123, 12 Jun 2024 22:01
Think we’re all a bit frustrated and annoyed covgaz but i would still rather be in it to win it or lose it all now. We have come so far to sit on the sidelines and take a loss.
End game is near and it’s high risk, high reward time
There are no dealing costs in the open offer :)
Why don't you all just get hold of the CEO's bank details and transfer direct? It will save on the dealing costs.
Great thanks both much appreciated!
Have it on the stocks and shares Isa so will just leave it there then. Appreciate talking the time to help me out :)
Good luck to all fellow investors!
Also - the shares will appear where the cash was taken from. If you want the shares in your ISA, you'll have to transfer the cash first.
Started: borrowfundsfrommummy, 7 Jun 2024 09:56
Last post: covgaz, 10 Jun 2024 21:46
Why didn't the board offer the humble PI some shares via an open. offer?
It's always cut and run here with this BOD.
Dilution cuts deep eventually.
The Nas is still trading 20% above fundraise price which is significant . I think perhaps today reflects a few doing the ' sell and buy back and make a bit ' as a few trading platforms loaded the offer up to PI's . I expect it to hover in the 90's until its all wrapped up , then its a case of supply and demand . Any good news will put some wind in our sails .
Jumped the gun buying on the open market last week at 110. Looks like we will drop to placing price
:(
Drac,hopefully once the dust settles on this raise,and they crack on with the P2 trial,we may see a steady rise in.the SP,plus we might get some positive news from the FDA.ATB
West, commiserations I understand. Can you Imagine how long to reach that £4 now. Look at all the new comers most for trading. Faro need to pull something out of the hat soon. BOL.
Started: covgaz, 10 Jun 2024 21:36
Last post: covgaz, 10 Jun 2024 21:36
This company is dead. Bankrupt.
U heard it from me.
Get out while u can.
Started: covgaz, 10 Jun 2024 21:29
Last post: covgaz, 10 Jun 2024 21:29
I would expect 55/60p by Christmas.
Dodgy board , Markuu started this with his SSV.
Plus the fact that cancer drugs are now ten a penny.
GLA.
Started: itsallamess, 10 Jun 2024 12:19
Last post: Ginhall, 10 Jun 2024 13:35
I will take up the offer, waiting to hear from my broker.
GLA
GH.
Funny , I was told last week that my broker wasn't taking part , but just now they landed in my account too , so I can take up the offer too . Happy Days .
I've managed to get my Lloted amount of share..
Roll on for over subscribed and advance the share price.
Not happy with the drop but gotta take advantage of the low offer and low share price
Started: DanSteely, 7 Jun 2024 08:41
Last post: quesera, 7 Jun 2024 17:24
HL confirmed today that they have received the 3 for 7 entitlements under the Open Offer and they will show in accounts 'very shortly' (whatever that means).
Thank you everyone. All sorted. I'll subscribe for some additional shares. Seems the obvious thing to do. Barclays have confirmed they don't charge a fee for it.
Howard. Phone them up. I am not with Barclays but it should automatically be on corporate actions. As they may be slow or late to the show ring them and buy your allowance. You can even sell what you have and buy back cheaper in the offer. This is not a rights issue. Take up the options in full. You can still do it and it will not cost you anything and bank the free money.
Hi Howard,I believe that for every 7 shares you hold in Faron,you will be given the option to purchase 3 at 85p.Barclays should inform of how to action this through a corporate action.
Good luck, hope HL and Halifax will join as well.
Started: itsallamess, 7 Jun 2024 11:28
Last post: Dracula1, 7 Jun 2024 13:32
West, of course most of them will same as most traders. Most of the already Large Investors had No other option but to derisk and try and make their average look better . IMO.
Yes itsall, it's great that CR has bought into Faron,although if the SP goes to €2,she could completely derisk and have a free ride.Unlike alot of us LTHs.
Https://www.fiercepharma.com/pharma/bayer-needs-midsize-acquisition-reach-10b-cancer-drug-sales-goal-oncology-chief-says
Christine Roth Head of the Oncology Strategic Business Unit at Bayer
Bayer bought out Vividion based in San Diego
As of last year they are looking to buy another cancer company
Roth is on faron BOD and subscribed to 40000 shares
She obviously knows faron has a future
Started: Soulected, 7 Jun 2024 10:57
Last post: Soulected, 7 Jun 2024 10:57
I can apply for additional shares on top of my 3 for 7 via the Open Offer or apply for extra shares via the offer for subscription. Does anyone know if one has preference over the other. If they get scaled back are they all scaled back the same, or would the Open offer get preference as you are seen as a shareholder already? Just to clarify this is on top of taking up my 3 shares for every 7 I already own.
Started: Dracula1, 7 Jun 2024 09:59
Last post: Saxondale, 7 Jun 2024 10:54
Good info there Itsall .
Tom Erik now has nearly 5m shares , so keeping his approx 5% ownership .
Former CFO of Faron Toni Hänninen in for 30000
Keskinäinen työeläkevakuutusyhtiö Varma in for 1.5 million.
They are a pension insurance company
Tom-Erik Lind bought 1150 000!
Box 3069 / Jakobsbergsgatan 16, 103 61
Tukholma,Ruotsi
677 723
Keskinäinen työeläkevakuutusyhtiö Varma...
PL 1, 00098 Varma
1 500 000
Danske Invest
..................
...................
Kasarmikatu 21 B, 00130 Helsinki
450 000
Tom-Erik Lind.
+....................................
c/o Faron Pharmaceuticals Oy,
Joukahaisenkatu 6, 20520 Turku
1150 000
86
OP-Finland Fund ..........
Gebhardinaukio 1, 00510 Helsinki
343 401
.......-
OP-Finland Small Cap Fund
.........
Gebhardinaukio 1, 00510 Helsinki
177 003
h......
Eläkevakuutusosakeyhtiö Veritas........
Lemminkäisenkatu 34, 20101 Turku
169 522
Yleisradion eläkesäätiÖ
..........................
PL 88, 00024 Yleisradio
300 000
SP-Fund Management .............................
Teollisuuskatu 33, 00510 Helsinki
225 000
Markku Kaloniem...............
c/o Faron Pharmaceuticals Oy,
Joukahaisenkatu 6, 20520 Turku
200 000
Christine Roth.........................
c/o Faron Pharmaceuticals Oy,
Joukahaisenkatu 6, 20520 Turku
46 075
Holdix Oy Ab
................................
Eteläranta 6 A 3, 00130 Helsinki
200 000
Turret Oy Ab
..............
Eteläranta 6 A 3, 00130 Helsinki
200 000
....
Toni Hänninen ..........
c/o Faron Pharmaceuticals Oy,
Joukahaisenkatu 6, 20520 Turku
30 000
Borealito GmbH .......
Engimattstrasse 26, 8002 Zürich, Sveitsi
40 000
92
+....
Grizzly Hill Capital A.b.......................
Bergmansgatan 5 lok. 2, 00140 Helsinki
200 000
Umo Invest Oy. ...........
Aleksanterinkatu 21 H, 00100 Helsinki
160 000
.....
Umo Capital Oy..................
Aleksanterinkatu 21 H, 00100 Helsinki
150000
.....
Haavest Oy
...................
Aleksanterinkatu 21 H, 00100 Helsinki
10 000
Paavo Koivisto........
c/o Faron Pharmaceuticals Oy,
Joukahaisenkatu 6, 20520 Turku
10 000
Started: Ilovesushi, 7 Jun 2024 09:19
Last post: cwebb07, 7 Jun 2024 09:47
Ilovesushi pushing this agenda too much for my liking.
Unless you can get some in the subscription very few will be able to by at 85p.
The SP will jump very quickly
Out of the 30m shares I think there is only 5m of the raise happening in the UK .
Most investors in my mind would just add to their holding , not dump and cash in for a quick 15p .
I could be wrong , but this will be hugely oversubscribed imo , and only a minority of holders will do the abrbitrage .
Any shares sold on the Naz that make it over to the Uk , will be at a premium due to the MM's taking their cut surely .
I'd be wary of selling a huge amount and expecting to get them back on the open market for much less than £1 .
The time frames are so short - FDA RNS could land within weeks . This isn't some fundraise for a 2 year program . We are literally within sight of a partner holding a chequebook .
What are you talking about! It’s not a no brainier at all. What happens if it’s over subscribed and then you left trying to scramble at a price higher than what you may have sold for.
Buy back in at 85 pence. its a no brainer. If you have no cash just sell. Then use proceeds to buy your options. Damn. Some are totally blind.
Started: Dracula1, 7 Jun 2024 09:34
Last post: Dracula1, 7 Jun 2024 09:34
A Huxters Shop. IMO.
Started: itsallamess, 6 Jun 2024 17:22
Last post: cwebb07, 7 Jun 2024 08:27
Thanks for the link.
They seem confident it's all going to happen this year.
I will get some more as this could easily be £10 by the end of the yr
Https://faron.videosync.fi/yritysesittely_2024
English part starts at around 00:50:30.
Missed the webinar is it available online ?
Knowing how this share works as soon as it hits 85p it will rocket on just a few buys then the traders will make it volatile for a while
Traders dream for a period huge upside potential before the end of the year!!
It is the last chance as I can't see Farm raising much more at the start of 2025
I think they have have a deal in place that if phase 2 results are as expected and phase 3 is in place then a big pharma will invest..
With who? And how much? But it seems certain..
Maybe all this is genuine form the faron team.. just buy some shares and help us to completion and everyone will be rewarded!?!
Very happy with what I heard.. they are just about to pass the finish line (no pun intended) they need just to prove up phase 2 for MDS for phase 3 support from a big Pharma.
I appreciate their honesty
To Juho it seemed important to him that the average investor got a part of this journey..
Good to see Markuu still involved
i wasnt sure about Juho.. I like his enthusiam and positivity.. but Markuu is there to direct him when needed
Well done Faron Team
I have been missing Markku´s English!
Will do
Mine is streaming now.. waiting to start
Maybe go back to faron website and try registering again?
https://faron.videosync.fi/yritysesittely_2024
https://faron.videosync.fi/yritysesittely_2024
Just pretend you don't ( that works apparently lol )
Pretty pointless if its in English and people in UK can't watch it ( all 5 of us )
Yes seen that but it says can't access if in uk
Thanks. See offer open for two weeks.
Started: itsallamess, 6 Jun 2024 16:46
Last post: itsallamess, 6 Jun 2024 16:46
I watched some of the presentation in Finnish.. never understood a word.
Been following a Finnish chat group
https://keskustelut.inderes.fi/t/faron-pharmaceuticals-innovatiivisia-laaketieteen-ratkaisuja/2655/5277?page=61
Some thought the presenter seemed drunk lol!
Speaking Finnish they all sounded drunk LOL
Might have a few G&Ts and watch it again in Finnish.
I'm pretty sure I'll understand it then..
(Read quick before they ban this post lol)
Started: Agduros, 6 Jun 2024 15:28
Last post: Saxondale, 6 Jun 2024 16:35
I'm in the same boat Itsall . The 85p folks won't be selling at 86p , so I expect to be buying at 95p- £1 anyway after the event . I had 5k just now at 99p , and if it goes lower over the next few weeks , I'll average down with another 5k.
Sub £1 is a steal - so you can only do what you can do . Good luck all
It is a no brainer if your broker is is involved..
Mine says they can get them for me for a fee.. which nullifies the benefits..
What can you do.. buy on the open market! It not like most of us are gonna buy 20k worth .. (I'm guessing)
Either way.. if faron has what they say they have.. buying at 85p or 95 or 105p it's not gonna really matter that much for the small fish like me..
Hopefully the shares are oversubscribed.. and happy for anyone who can get them to lower their average.
I think we are all in the same boat now.. everyone is down.. some understandably more than others.
I've been here since traumike killed the price.. its a bit of a kick in the belly when we are share price wise back there again... could have made more in a current account on interest lol
Nature of the game..
We may all feel alot happier after the webiner and the close date of the subscription!
I know sushi, it is a no brainer! The only risk I can see is not getting the allocation that I've requested & not being able to buy them back below £1. There is a chance that they might go below 85p (while my order is processed)but if that's the case I'll just have to double up 😃
Boreddesigner
Way to go. Cant believe some have the options and choose not to buy at 85.p and held above £1.00.00
Glad to see someone has sense. gleaming obvious thing to do in my opinion. The institutions will be doing the same. Or if what we think happens. They sold a long time ago. Maybe over £2.00
Well done 👏
Started: itsallamess, 6 Jun 2024 16:19
Last post: Agduros, 6 Jun 2024 16:21
Should start in 40 minutes.
I thought the English version of the webiner was to start at 4pm uk time?
What time is it meant to be?
Started: westernglory, 6 Jun 2024 10:57
Last post: CB1984, 6 Jun 2024 15:01
If everyone does this which I expect will be sub 90p this week
Aden69
You say you will hold and not take up the offer that you actually have. What silliness. You could have sold at above £1.00 then with the money you then buy at 85 pence. Basically you are pocketing instant cash and banking it. How daft to refuse free cash?
Last advice if you are lucking enough to have a broker that is giving you the option. Take it up for God sake. Then sell some to cover your purchase. Bank free 15%
Just received the letter for the share option. On 20 May, I was 2.5K in profit, as per usual with AIM, sell on good news and the MMs push it down. The real kick in the teeth was the ridiculously low pricing for the placing. I'm not fond of being kicked in the teeth, so will decline the offer, await until a bit of profit and cash out. They had their chance and sadly blew it (as I did with a tidy profit and not selling by foolishly having bit of lost faith in this company).
Ii seem to have it all organised nicely, you can also apply for extra shares as part of the open offer so plenty of opportunity to average down… again…
You will have a email explaining how to action them….
Please log in to your account via the website and launch the ‘Corporate actions’ page via the ‘Portfolio’ menu to read the event details in full. Where a response is required, please record this via the same page.
If the notice is not visible on your Corporate actions page, please go to ‘Document history’ under the ‘Portfolio’ menu option to view the full notification.
Started: Ilovesushi, 6 Jun 2024 14:09
Last post: Ilovesushi, 6 Jun 2024 14:29
Heading below 90 pence.
Then buy back at the discounted price. No excuse if you are with ii and Tj Bell. Its a no brainer. Trouble is institutions who buy at 85 pence will most certainly sell at anything over £1.00 to take their a quick 15% or so. Share price could also drop to 85.pence shortly so why buy now?
Started: itsallamess, 6 Jun 2024 12:25
Last post: Ilovesushi, 6 Jun 2024 14:05
Ii and TJ bell so far.
Anybody use IG Index and know if they are taking part in the Rex share offer…. I messaged them yesterday but as yet have had no reply….
Thanks in advance for any feedback
85p would have been nice , but adding at £1 ( like I will be )won't make much difference if you are happy to wait for events to unfold . We'll all be winners . Ironic that Cov , who called it right , could now get back in and make the most profit out of probably all of us lol .
I did buy a load more last week,at least I can.average down a bit.
I'm in up to my neck now..
If.you are in II or Bell then it's easy..
If not my broker wants an rip off fee to sort it.
In any case, this could easily rise on whatever is said is said this afternoon.
Plus I was gonna buy a bunch at 1.90 last week so basically I've got nearly twice as many for the same price
Started: Ilovesushi, 6 Jun 2024 10:12
Last post: Ilovesushi, 6 Jun 2024 11:05
Why not sell holding at £1.00 then buy at 85 pence? Instant profit.
Obviously that comment is my opinion as an investor . I'd want more than that , but I guess traders will just do their thing .
Yes 85p is tough . But not uncommon . AVCT placed at 50p ( down 50%) . Plenty of others . I should have seen it coming , but the FOMO in me is strong . I didn't want to be hanging out of the share in case some unexpected good news landed .
So I'm just sucking it up , and will add more in the next few weeks . Might as well take advantage .
Hi Sax,I still can't believe that Covgas,predicted the next raise at 85p.I think he was joking at the time.!!!
Any news after the 18th too will only help push the SP . The only thing holding the SP down recently was uncertainty on funding . If you sell at about £1 after the 18th then you need your head looking at .
Whatever is said at the webiner later today may well push the price up