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I understand 100% why they wouldn’t start going down the road of dissing P.H
Many thanks for your reply Silverfoil13.
I’d say your thoughts on PH are also entirely justified.
Whilst I think it’s reasonable for Sareum (I assume the response wasn’t from an individual) not to comment on your thoughts, I do think it would have been prudent for them to comment on any positives from the relationship. The fact they didn’t, is, for me, somewhat indicative of their stance.
Kind regards,
Wayne,
Hi MegRS
I asked SAR if the RF debt had been cleared and they confirmed yes it had.
I then asked if SAR had enjoyed any benefit from their association with PH and they said they could not comment.
The gist of my comments to SAR about PH were
Could you confirm any discernible benefit that SAR has enjoyed from the association with Peel Hunt because I am currently unaware of any.
It has been a sorry tale since PH were appointed on 29 Oct 21 when the share price was £3.20; the consolidation, which was, I guess, recommended by PH was on 4 Feb 22 when the share price £1.85; the calamitous RF funding, which was, again I guess, recommended by PH, was on 3 Aug 23 when the share price was £0.97p. The price then fell to £0.10p which was absolutely shocking.
With right advice surely we could have raised significant funds at £1 or more in early 2022 and that is what I believe our brokers should have been recommending at that time. This could have helped fund us through 1801 P1 and 2 and most of 1802.
Thank goodness long term holders turned up to help SAR out!
Ironically I have benefitted from the fall in share price to 10p because it was a big chance to top up which I took. I was also lucky to sell 1/3 of my original purchases in summer 2021 at a serious profit so SAR will never owe me anything.
All best
I’m glad you’ve been graced with a reply. Nothing more ignorant than ignoring a recorded delivery letter.
What were your ‘thoughts’ on Peel Hunt then?
It’s entirely sensible, and reasonable, to not express opinions; especially in writing, no matter what their thoughts are.
I still want Parker out even though, in essence, I have benefited hugely.
I was already in a 6 figure profit and carrying a 6 figure number of shares on a free carry. Then I took part in the WRAP and bought on the open market at up to 14p. Doubled my holding, still had profit out. Circa 0.4% of the company on a free carry.
I think we’ll sit around this level until the latter part of next week. Once RF have shot their load there should be a steady rise until results.
Really confused why everyone is upset about comms from SAR. They can't release any other information other than what has already been issued via RNS. They aren't going to tell you anything new. So there really isn't any point contacting them.
It sounds as bent as a dogs back leg to me absolutely sick of lack of info i rarely comment but sometimes you get so mad with the silence
I have received a response to my emails and letter SAR today. They confirmed that “Re the debt with RiverFort - we announced on April 23 that this had been cleared” (good news) but they said they were not able to comment on my thoughts on PH.
Unfortunately the reality is that the sole reason why companies like SAR list on the AIM is to have access to raise money.
They will do so by hook or by crook. Imo Sars bod are as credible as any. Although that's not saying much. With the compounds they have developed they have sold us the dream , they probably believe just like us that it will come to fruition. Many comments on here over the years question why the bod refrain from purchasing shares in the company to stabilise the share price at times when the SP is drifting down. Why should they when they can give themselves options that will be voted through on the back of any positive news.
Whatever happens here they will get there monthly wedge as long as the money doesn't run out.
It's us that take the risk. The odds are long but at the moment for us shareholders it's a risk that seems to be worth taking.
Thanks MattyBoy! I find the lack of communication quite bizarre and frankly not good enough. When I ran my businesses (retired now) I viewed engagement with stakeholders (of all types) as a minimum requirement; it helped set the tone and culture for the companies.
Good point, Matty. Greetings to PCS1954 and HBD, both of whom raised the matter yesterday of potential shareholder influence on the BoD. If B-B can become our proxy influence, that would be marvellous. Naturally he cannot be given privileged information, but if it were known that he was in contact, his positive comments here would be misinterpreted as that. Good is best done, they say, by stealth.
You'd think that having just bailed out their sorry asses from the consequences of their appalling RF decision, you'd be due at least an acknowledgment of your correspondence, if nothing more!?! 🤔
So much for taking on board our comments at the AGM concerning the lack of communication!?! 🤨
Has anyone had any joy trying to communicate with SAR? I sent several emails to the IR lady at SAR a couple of weeks ago seeking clarification re RF and PH and got no reply so sent a letter by registered post to the IR lady and copy to Dr Parker and still no reply. I have communicated with key executives of other companies I have invested in and generally got responses so just wonder if things are different with SAR?