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Not read the original RNS since the release but I would assume the value at issue is what reduces the amount owed and not what they sell for.
Let’s get above 30
She can do it then next week game on big time
GLA especially the LTH you deserve it
MAJWandco
Or
Major Wa*ker
Its gonna go blue soon
Thats a massive drop in the balance outstanding to RF, one more tranche and they will be gone
Looks like you might be right x
Why dont you stick to talking about SAR
Ditto Aber, as I said, he’s like a bad smell.
MAJ, I forgot how much you gloated, your like a bad smell hanging around. Jog on.
Has bounce hard today n continue on up beypnd 30
RF are not out yet.. They still have £220k of shares to be sold. Today is this last day (by my calcs) that SAR only receive 9.5p for them. So I expect there will be another big late reported sell on Monday.
But it wont be long. Don't expect any massive rises for a few days!
Let's face it, the price was driven down and the placing price so low because of the financial distress Sareum was placed under by the River Fort deal.
With funding now sorted and 1a results to come, we're in a different place. RF will soon be gone.
Buys are coming in thick and fast!
Its starting to look like the re-trace is done. imo
Now that RF are out we can all get back to concentrating on the science and in my case attempting to understand it. I have worked in food science and currently work in the area of psycological science, but the creative part of my brain struggles to get a full understanding of the workings of medical science. A big thank you to all the posters in the know on here who help us out with this stuff.
Don't worry MAJ ... but thanks for your samaritan-like attitude, still trying to look after all of us even though not invested.
Personally though I will ignore your un-invested opinions - Personally I see this way above where it is now so I will continue to hold and add but, MAJ, be safe in the knowledge that I am making my own decisions so you don't have to worry about me as I am a big boy !!!
Good luck MAJ with whatever you are here for !
They are wording the bumper RNS as we speak.
Bring it on & good luck all.
Aber wrote:
"This should be back at 103.5p ... PRE-RF deal share price .... fingers crossed for a good rise now .. especially if they now release the MAD news"
You are aware that the company did an equity raise last month, that involves Sareum's broker for institutions and their pharmaceutical analysts to assess what funding level they'd value the company at, and 10p was what was deemed suitable.
The irony is that the retail offer ended up being bigger than the actual placing, because there are considerably more naïve retail investors than there were/are willing expert analysts willing to put money here.
I forgot what a madhouse this is, it is great fun.
Its just the seller holding this back imo
Someone must be reading these posts 'cos as soon as I posted the message it went to 0.24/0.245
They are wording the bumper RNS as we speak.
Bring it on & good luck all.
Nope Damion ... they sell the shares and then the totals are reduced
FYI when they received the first 2M shares and sold them they then informed SAR what they had been sold for and what they owed ... so similarly here they have 3M but need to inform SAR of the amount sold for after they sell them ... hence if they sell them for £500K and SAR only owe them £220 then SAR get back 95% of £280K ...
So more ackers into the funding pot !!!
I'm not quite sure that's how it works.
Strange... .0.2335, to buy, but are offering
0.235, to sell. What does this mean?
I thought that would mean they are due another batch to clear the 220k 2.5m shares / Maths knows I think either way wont be long....