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Sorry, Darien, forgive me, but were you calling 0.8p back in March 2022? All I can find in your post history is you saying in December 2020 that the Sar sp would be back to 1p "in a month". It actually went on to reach 9p by August 2021! Also, in the last 30 days, you have posted only once on the Sar bb - today - presumably just to stick the boot in? You seem to be familiar with snake oil salesmen, though...
Https://eg.linkedin.com/in/pascal-lambrecht-5a085718?trk=public_post_feed-actor-name
About
OUR HOTELS AND LOOKING IN INVESTMENT OPP; IN HOTELS DEALS AND LOOKING IN TO BIOTECH IN CANCER AND COVID19 INVESTMENTS
https://www.linkedin.com/posts/pascal-lambrecht-5a085718_development-and-commercialisation-licence-activity-7147863072697720833-gPdu
Nice license done for 737 nice for sareum holding step by step
Development and commercial .. super job
3p before the stock split 1st march 2022, price equivalent today 0.8p and the dilution continues... in 20 years never produced a single product, but their snake oil salespeople are great
This is also the narrative that I favour at this time, I would expect the BOD to be talking to interested parties in advance of safety data being available. Once available I believe interested parties will review and I suspect we will see an agreement before 1b completes. Its a hard waiting period with this drop but we are very deep in trials and more news from 737 must drop at some point.
GLA
That’s my recollection too Silverfoil. Government departments are a complete mess. Underfunded, understaffed and inefficient. We spend most of our time dealing with computerised responses that are meaningless. I have recent experience with probate, DWP and local authorities. All woeful and the architects of all problems, even duplication. I can imagine Sareums frustration at not getting clear responses and then computer generated letters.
Good morning everyone... Just an observation ... This share is highly illiquid ... Notice the low number of trades on any given days ... This allows the mm to 'make the market' by playing with the price ... That's their job after all ... And if you're foolish enough to set a stop loss the mm will see it and take it out so they can 'make a market' ... Only increased volume can stop their game ... And that's not likely until news drops ... As painful as it may be you either need to get out and cut your losses or grin and bear it and wait. LH&K Mafuta
I don’t believe SAR ever received any extra clarification from MHRA who by all accounts are a shambles. I took this up with my MP who then took it up with the Minister of State but after that the correspondence got lost in the mire of gobbledygook that is the Civil Service
"Whilst the Company has yet to receive a formal letter of non-acceptance, the MHRA has indicated that it seeks a review by the UK Good Laboratory Practice (GLP) Monitoring Authority, or further support, of the non-clinical data submitted as part of the application to approve the clinical study. Sareum and its advisors are seeking additional clarification from the MHRA and will provide an update on next steps for resubmission as soon as possible."
I didn’t think MHRA ever gave a reason for not approving the trial. My recollection, possibly wrong, was MHRA wanted more information or clarification but never specified to SAR what exactly they needed.
Go on Surfie, get it off your chest and then do some more negatives like you always do. Should of sold at 1p then.
My post at 17.07 is a repost of Numb from Sunday.
* NOW
Obviously, disappointed as any investor watching this slide in what appears to be no reason.
The BoD must see this and as an attendee at the AGM I'm surprised at the lack of comment from them even if to headline the trials are progressing well in Oz given the pledge to better comms!
I don't think as suggested money for the MHRA trial was the problem for not granting as that was in place and Manchester lost a £4m trial courtesy of MHRA and Sareum I believe wasted around £1.7m in not going with Manchester and then setting up in Oz (the speed of which has to be commended).
The trials are now at the crucial stage, lets hope all good and my positive will hopeful negotiations from either US, China or even Saudi sources - even better if ongoing and just waiting completion of data collection.
Some will say above is just waffle, so be it, but we all choose to invest in Sareum for it to be scientifically where it is right.
GLA
Who knows? In retrospect, the foreseeable illiquidity could have been the reason for the MHRA rejection or their put on hold enabling us to get the finances long term right.
I am in a similar position Krusty so I am reasonably comfortable. Still hurts though. It looked to me as if the sp was "flash-crashed" to pick up some poor sods stop loss. There is no change operationally and no reason for the sp to be taken down to these levels. I cannot imagine anyone wanting to sell at these levels and I continue to add.
All I would say is the board will lose a lot of money if SAR goes down so I would imagine they are as frustrated as we are .I do not know how low the share price will go to but if we get the news we hope for in the next couple of months all this hand ringing will be a thing of the past.
So just keep your fingers crossed that the news comes soon
Drusus, there have been plenty of twits on here over the years, not many of them (including me) are worth half a million quid on a couple of shares. So you're not doing too badly.
Sareum might have been illiquid the time BOD pulled out the RF facility not only dor the science but to safeguard their wage pay day, also.
That s my haunch. Obviously, there are no rules in place for AIM listed companies to announce a financial mess nor is there most likely no supervisory board at hand to claim an appropriate examination re the ongoings.
4 Feb 2024 22:11
Not claiming to be a WiP character as we all know how that ended. But I do speak to an individual, and I call them an individual as a VP is one pharma is different to a VP in another. If you know, you know.
The message is that there is huge motivation and pressure to shortening the time to market, how to shorten that timeframe and take compounds from phase 1 to phase 3.
I think we all need to realise the money involved here as we move forward, Tim and John probably (hopefully) realise that. Hence the "noted" phrases they tend to use in recent tyk2 deals and approvals.
If we have good results from phase 1b, somebody tell me why we wouldn't go to a phase 3. As I have it on good information that this is what big pharma are moving towards. Patent expiration should never be overlooked, the ultimate driver for all of this is profit for the company buying the molecule. Competition can and do take a molecular structure from the patent information, add a sugar molecular and then go to market. Speed is everything and to Sareums due, they have been on time with everything since trials started.
Everyone is here to make money but the real money is not the brokers or the traders in London, it's the executives and board of the pharmas, are we on their radar.. with a trial for Psoriasis in competition with a supermajor BMS and now Takeda, don't underestimate the importance of this Phase 1b. Which we will have results for by the end of this year.
Yes, we have been hammered by multiple factors, but the potential is still there and has only got stronger.
Do you believe in the potential or not, we are close, hold the course, buy Sareum or keep buying lottery tickets. I only gamble when I know I'll win and I'm all in.
I haven't been following the message board for a while. What is the deal with 737 now, is it shelved ? What about Aurora ?
It's not really a risk potnak, I'm only using the funds I banked when I top-sliced. My entire holding is free running. It's because I'm risk-averse (having had my fingers badly burned in the past) that I top sliced such a large % of my holding, despite manic pressure on this board and elsewhere to hold. I'm having to raise money because I reinvested in growth Funds in my SIPP, so I'm skimming off them to buy here at these ridiculous prices.
Surfie, why didn’t you sell.
Drusus
Not even close !
Come on Sar
I admire your attitude to risk, Krusty. Whilst I'm not confident of a life changing rerate, I think you could well make a very nice profit, if you chose to trade some on news.
Well I have to admit to not being clever enough at selling at the right price .
My 6 million GGP shares were valued at £2.28 million at peak price, and my 121000 SAR shares were 605k at peak price,
I suppose I am the biggest tw#t on this board!!