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For a moment, I thought we had AWOO back! remember him? Made his fortune on 88e in his early 20's and professed to be the best and most flamboyant trader on AIM. Never heard of him since.
Ripley, that's the funniest post I have read for some time. Don't tell me........ you'd put a donkey to shame in the winkle department. Some mothers certainly do have them.
Yes him along with cartunes. Thank heavens they are not here
Bought a tranche back for 215p... midday.
No dross comments please I will not bother to read , but to save blocking up the pages .
As before. No dross comments please I will not bother to read , but will save blocking up the pages .
273 pages to pass to see my last post when I last bought, big fall after Rns 5.30pm last night .
77.5p start of trading today ,before climbing back to 105p by 9.30am . 10% spread .
Last look at these 9th November
25% rise here today ( spread 9% ) price 91p
The slide continued to Wednesday 14th December bottoming at 72.5p.
Some good news on first trading day of 2024 up 21%
Not looked at them for over a year around same price after today's rise .
I see they went up to 142p early May last year , before falling back to 3 year low of 52.5p mid December .
Maybe better if you are clever enough to trade these AIM shares then sit on them ?
Sareum soared 22%, after the pharmaceutical company's co-development partner CRT Pioneer Fund entered into a development and commercialisation licence for SRA737 with an unnamed US biopharmaceutical company.
SRA737 is a clinical-stage oral, selective checkpoint kinase 1 inhibitor that targets cancer cell replication and DNA damage repair mechanisms.
Avoid when its too complicated to get your head around
Genedrive As the old saying goes: “if it is difficult to understand, it is almost certainly detrimental to shareholders”. Never has this been more true than in the case of Genedrive (and more recently, Sareum). Although I accept that the board was probably in a difficult position with a shareholder list of mostly retail investors, but desperate for cash, the loan facility announced in March 2023 with Riverfort Global Opportunities PCC Ltd (Riverfort) is extremely complex. After more than 35 years as an analyst, I consider myself reasonably financially literate. However, I can honestly say that I have read this agreement at least 10 times and I still do not fully understand it! In summary, Riverfort made £5m available to the company. £2m was drawn down immediately with the remaining £3m available for £0.3m monthly drawdown subject to certain conditions being fulfilled. The loan capital is being repaid through the issuance of new shares to Riverfort priced on a specific calculation (reference price) and can be sold in the market, based on a series of conditions related to daily volumes traded. On each drawdown, Riverfort also receives warrants equal to 40% of the drawdown at the recalculated reference price, exercisable at 140% of this reference price. The following table shows what has happened to date.
Hardman & Co
In my opinion, this deal is very bad for shareholders. To date, the issue of shares to repay the loan capital represents dilution of 32.3%. The main reason for this is that Riverfort is not a long-term shareholder, as evidenced by the fact that it sold down its holding of 6.5m shares received in April to only 2.95m (-55%) by July. Even though it has received more shares, its holding is not disclosed as being >3.0% declarable threshold. Therefore, it is continually selling shares, which, in turn, causes the share price to fall, making the next drawdown even more expensive. Based on the current share price, Genedrive will need to issue an estimated18.25m more shares and a further 8.0m warrants, which would provide the potential to raise another £0.85m. The total issue of shares will represent dilution of 56% and in the event that all the warrants are exercised, this would increase to 78%, but potentially raise a further ca.£2.8m. However, given that most of the warrants are out of the money, there is a high probability that the warrants will not be exercised.
Amazingly, Sareum announced a similar deal with the same investor in November. On the evidence of GDR, guess where the share price is going!
Thanks for sharing your analysis.
"Riverfort also receives warrants equal to 40% of the drawdown at the recalculated reference price, exercisable at 140% of this reference price. "
I suggest an agreement about the warrants in connection with a presumably regulated (?) holding period of at least four month would have been favourable and in Sareum's say our PI's interest.
Given the foreseeable good data and science, not sure why such condition was impossible while expecting the good news in due course.
Shows 33.33 % up on this site with a 29% spread . ( D ) has it up 17% .
Share price today 35p hit a new low yesterday at 30p .
3rd January 2024 they were 67.5p last September 2023 82.5p a few times .
09/8/21 457p high .
Bought some back 03/5/22 for 215p 27/4/22 230p
20% fall to 26p at 1.30pm on afternoon RNS
Hardman & Co when writing about the Riverfort deal with GDR a similar share below, predicted this would be same outcome for SAR .
Amazingly, Sareum announced a similar deal with the same investor in November. On the evidence of GDR, guess where the share price is going!
Placing yesterday at 10p
Some fall from the Hardman & Co printed "On the evidence of GDR, guess where the share price is going! " when they were 30p 11th March less then three weeks ago.
I see Alans55 you are the most recommended poster on the site how many times have you averaged down.
Up another 23% today to 23p
Been climbing back since 3rd April when it fell back to 10.25p just above placing price of 10p
Nearly back to the pre Hardman & Co report I posted on 11th February below.
The AIM Casino.
Up 30% this morning topping at 32p spread 5.5%
7am Rns
"Final Issue of RiverFort Subscription Shares "
The arrangement warned about by Hardman & co over from now on .
Would of been a great buy for the placement takers at 10p less then one month ago 28/3/24 .
Those buying into the 23% rise less then one week ago have made over 20% .
I am doing it all wrong lol
1850 posts here over the month , approx 59 per day .
Up 20% today to 37p , spread 8% on this site.
My main broker has 0%