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Many will be aware of forward selling but an interesting link below.
https://www.sharesoc.org/blog/regulations-and-law/forward-selling-a-crime-against-shareholders/#:~:text=Forward%20selling%20occurs%20when%20a,prior%20to%20actually%20receiving%20them.
Good evening Mathsprof,
certainly would not surprise me either, to recieve further news of RF issuance of shares.
It would be in their interest to request as many as possible to dispose if in a short time.
Parasites!
Soon they will be long gone, l reckon by end of the month.
Good afternoon the BoD.
I am fairly certain that raising of funds to a certain degree can be obtained by members of the LSE chatboard. Have you ever considered this as an option.
300k should not present too much of a problem and would far less damaging than any funding raised via RF
Regards
Makes sense Maths so based on todays volume they have most likely also started forward selling Thursdays 3m so a mil a day + will clear RF away in a matter of days....Bod still have the option to clear them sooner if needed £300k ish Friday after hrs RNS that would setup a run up to news...
What if the RNS says that 500k left which we are paying cash. Good bye RF ?
Evening all - I just hope that the success of the recent WRAP offer (hats off to B-B et al) will open the BoD's eyes and any future fundraise will be available through all major platforms. I'm still miffed that Halifax didn't take part even though I managed to fill my ISA for this year at sub-12p - no pleasing some folk!
Yes it was substantial Billy.
I emailed sareum at 12.31 pm on 13th of March.
'Good afternoon the BoD.
I am fairly certain that raising of funds to a certain degree can be obtained by members of the LSE chatboard. Have you ever considered this as an option.
300k should not present too much of a problem and would far less damaging than any funding raised via RF
Yours Sincerely
So well done to all that participated.
Regards
Maybe, but in actual fact RGO are being bought out as a shell company and they will run down their old business as the debts are paid off. It's a cheap way of acquiring an LSE listing.
Hello SOG,
Yes, I did contact Sareum directly using the info@ email address and did suggest at the time that anyone else interested in investing did the same.
I ended up taking part in the placing and then the WRAP offer. I think the reason I got folded into the placing was down to the amount I was offering to invest in one go, which was substantial.
Bill.
Sad .... I mentioned sometime ago that the RGO suspension was interesting ... I too felt they were looking to acquire SAR on the cheap ... Glad we bailed them out ... LH&K Mafuta
I would be very surprised if we don't get an RNS tomorrow telling us that RF are getting more shares. I suspect that the current 3m is almost sold.
Caution - we are still only being credited about 9.5p a share, due to the vwap rule, and this will continue to the end of the week (ie it will last for 15 trading days after the price hit 10.25p), so 3m shares pays off around £285k.
It wont take long to clear all £640k.
Welcome back SOG and really appreciate giving me the recognition. It was immediately picked up by you and others and importantly Billy Bunter who contacted the company and you rightly mention those who visited the company.You are a shining light on this board SOG. As they say, it's a
long road that has no turning'. This board has been tremendous. Onwards and upwards.
Completely agree for me hugely undervalued a few more positive days and a scattering of news then onto a more realistic mcap. GLA
Sad - don't give in to the detractors on here. Stick to your own values. Most on here appreciate the research that yourself, Citizen and a notable few others conduct on the chatboards behalf. Ramp away!!
Thanks Rebster!
Without wishing to appear as a ramper, l am 100% certain we are on a clear runway to 100p per share in the not too distant future.
Regards
Welcome back sad ….
Welcome back Sad...
Mitzy, l for one never said we are going bust.
Indeed, l was accused of ramping, l should be banned by the LSE due to my ramping causing investors huge losses, l cannot put a sentence together properly, by taking part in the WRAP offer l am causing the dilution of my own shares l already hold.
Yet some of these posters that choose to insult now would be classed as rampers.
I will add that we owe a lot to the individuals who visited Pampisford (they know who they are)
In addition l believe it was fearg that posted here regarding raising funds amongst ourselves to finance Sareum. Billy Bunter contacted Sareum and am certain that also an individual contacted Sareum with regards to the raise, specifically of 300k. This 300k due to the clauses in the RF agreement was not available to us.
A couple of days later an RNS appeared with a WRAP offer limited to raising 300k, it was heavily oversubscribed achieving nigh 1.2 million pounds.
In my opinion RF were looking to acquisition Sareum, by the use of the death spiral, followed by more funding to take the company over.
RF are evolving from an invest company into an acquisition company. Look at their history!
With the raising of funds this has been thwarted.
I would not rule out here any connection between 2 posters that came aboard in August 23 and RF.
Dilution has been achieved close to 45%
Sareum 70 million market cap prior to RF loan shark funding.
Minimum market cap should be 70 million around 70p per share.
On top of this we need to add the further development of 1801 ie phase1 a trial data results and interpretation thereof. The raising of further funding.
RF will be blown out of the water soon with respect to Sareum. Companies interested in on licensing or partnerships do wish to become involved with companies involved in this form of finance.
An RNS from Sareum stating the termination of the agreement with RF global finance should result in the current SP being propelled to the 70p per share mark.
Regards to all the LTH that never lose sight of the end goal.
1 week ago everyone is sad saying we are going bust, now we are up 100% everyone is saying we are going to the moon.
Next time we drop 25% I expect the sad messages to return.
Am I selling now? Nope, but it makes me laugh the sentiment switch in 1 week.