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For those who have been here long enough to remember 2011, I think the reason the company (Tim) are low key is that they are nervous of creating the kind of move we saw in Feb 2011. I believe the next move is a take over of the company's assets. Tim turns 60 on Sunday. I'm sure if he could sell his baby for around 3 or 4p a share in the next 6 months, he would take it. DYOR. S
Not wanna sound a bit rude searle
But you’ve shown that your full of BS so whatever you come out most folks here will ignore
Caution is only acceptable to a certain point, Searle, then it hinders the prospects of the share price. The Lupus news was RNS'd after it had appeared on this chat (not acceptable) and I reiterate my belief that Sareum should issue a statement ASAP using clever wording to adhere to the regulatory phrasing required. e.g. "Sareum notes Sierra's $150 million raise and confirms it is in talks regarding its milestone payment". That would be factually correct as they have been in talks for months about the progress over 737. The email response from Sareum which Elcap shared on this forum supports this too. It is a statement of fact. As I said earlier today this would be pertinent to kick things off as it falls within the regulatory code. i.e. it is not ramping it is responding to an event that is pertinent to Sareum and its shareholders indirectly or directly. Then a follow up release as and when / if a deal for the £8 million milestone payment is concluded. Our share price would be significantly higher, in my opinion, if we adopted this proactive approach to communicating.
It's not his baby to sell the Board only control 3.15% of the issued share capital.
Completely agree Basil, sitting in silence is not good business.
They normally comment on Sierra releases fairly quickly - my take on this ( and i am probably wrong .. sod's law) is that they are awaiting clarification and approval to mention the $150M note, as if the comment without mention we will bombard them for poor PR and if they do comment with an invalid reference it might give something away to the market ... so for me definitely background activities underway ... but what do i know
Silence Is Golden lets see if bigger things are afoot GLA
The reason for the silence is we are a back street passenger on SRA737. All we can do is watch. We can't negotiate our milestone payment and SAR will only be able to comment when they get the go-ahead to comment. Tim has reiterated this on multiple occasions. The long-termers should know this. and Finally, as far as i'm aware, the trial is still running? I'm not sure will get a milestone payment until it ends and we have a data readout. Just take Sierras recent news as another step taken in the right direction.
Agree with you, Searle. apart from the price. We could easily be at 5p with milestones and licences for TYK2. Not even factoring Aurora and COVID into that. I would hope that Tim and the board get us to that point before even considering selling.
Zylo - that's a bit harsh. I would say Searl is one of the more considered and informed posters on this board. It balances out all the BOOM!! posts.
BOOOM!
Woohoo. Found one of our mystery buyers
"First Pacific Advisers" New entry on the SAR shareolders list who acquired 62m shares
https://markets.ft.com/data/equities/tearsheet/profile?s=SAR:LSE
Los Angeles Based value investing fund. (Even have their own Covid fund). Woohoo at last an institution.
https://fpa.com/about-us
https://m.marketscreener.com/SAREUM-HOLDINGS-PLC-39432032/company/
Hedge fund based in LA
Nice spot Thoth wonder if they are still adding TR1 this month certainly something has grabbed their attention
Strangely enough, he did say in 11 or 12 that he would accept 4p then....it would be a bit of a different market then to now but im hoping hes thinking more 6 or 7.
I would love the big numbers as much as the next one but this is real life and we have a fair number of shares in issue so i will be happy with what they get as long as its decent.
Come t&j.....its been a long hard road and we are due a little break soon.
Different market cap to then meant to say...and who knows what a bid would bring.
Lets have a bit of news
CFP don't ever remember him saying that! The price WAS 4p in 2011 (4.6p in fact), no sign of anyone wanting to sell out at that stage. As someone pointed out earlier, it's not in his gift to sell the company, which is owned by the shareholders, and 4p isn't going to cut it for most LTH's here!
You'd think Stephen Parker, after a great sigh of relief, would be shouting this from the rooftops!
It was that price for half an hour and only hopkirk that i know of manage to sell at around 4....the real top was really 2.5 from a selling point of view and tim himself sold some there but he did say that in an interview for sure as i remember watching or reading it quite a few times back in the day.
Its long past anyway because we only had 1.2m shares in issue at the time and the company is in a much stronger position now so lets hope theres interest and if a battle commences...skys the limit, thats the dream:)
Excellent find Thoth- many happy returns chaps.
Great work and great news Thoth, just woke up from nights and very happy with that, shows a lot of confidence in company
Good Find Thoth, the wheels on Sareum's cart have been turning slowing for far to long now. Lets hope the team can really pull of some eye watering deals before any wheels start falling off!
Finally being taken seriously by an institution is fantastic news.
Enjoy the weather this weekend everyone :)
USA I believe is one of the four countries that don't need to issue a TR1 as their own market control for info is quite rigurous, but what do I know don't want to get lamblasted again for not sticking to the Sareum plan.
Bluedreamer. You are a valued contributor. Dont get put off