RE: Responses from SAR3 May 2024 22:16
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