Well guys .. as much as this might cause some angry responses ... I WOULD take 2p right now as I would still be quads up and could then day trade on companies who have solid management experience .. this company has disappointed me and delivered only negative growth to my investment for the last 10 years ... I want out with a profit even if it’s just a small one as I do not believe the scientists have the right level of deal making expertise to bring on a deal .. and we may miss the boat EPICALLY ... sorry guys but I am totally out of this share as soon as I break even (0.75p)... bring on the abuse ... but be prepared to defend a BOD who have delivered no positive shareholder growth for 10years
May take a while as deal making has never been SARS strength
Personally I cannot see why BMS have not come in with a 2p (50 million) offer for SAR as it would remove a competitor for 2YKT and is just a bit of pocket change ... and most shareholders here would probably jump at 2p right now
Something has to give soon .... as the BOD must be doing something in the background as they don’t want to lose their jobs and options
Fingers crossed for some news this year
Seems most see the latest appointment as negative ... but none of us really know the reason behind the appointment ... it could be :
- to help with advising on a new deal
- to assist with the shareholder unrest
- to help with any legal stance against SRRA due to unpaid milestones
- as a replacement for Parker
- to assist with the next placement
- or some other unknown reason
Whatever it is it is more expense as SAR need to pay them and so this also comes out of the recent 700K pot which in the past month will also have had approximately 50K drawdown for the monthly salaries
This new appointment needs some elaboration to shareholders as currently the BOD are still doing what they like without any input or agreement from shareholders as to how the money is being BURNT !!!!!!
I have a good chunk of GGP ( gold mining ) stock - they closed/opened today at 1.82 and acquired £4.2 million with a placing at £1.85 ....... that’s the way to do it !,,,,,
So SAR please don’t heavily discount any future fundraising’s
Hi potnak ... “Nothing has changed .... except the milestones look to be delayed and so we are in danger of running out of funds as the last fundraise was too little ... so in 6 months when funds run out what happens ... because a placement is almost impossible at this SP ?
.. so that is the real problem ... not doubting the science but without a milestone we is bugrd unless a TYK2 deal is struck
Yes me all agree comms has been poor and these guys have awarded themselves decent pay rises and options which have not all been performance justified .. but TM and JR risk losing everything (job and huge options payouts for retirement) if this goes t I t s up ... so even though I am no longer prepared to buy more due to risk I do believe they will be frantically working in the background to save their own skins .. whilst Parker is probably just sitting there due to his association with other companies ...
not sure how they will resolve this as I don’t see them getting anything from SRRA milestones which I hope results in CRT giving NG a pizz poor future reputation and further placing are now virtually impossible as they would almost have to give the company away at 0.1 (say) ... so let’s hope TYK2 is further along with a deal or BMS come in with a 25-50 million pound pocket change offer for SAR ... which I would take
Takeover target now for 1p per share - approx £25Million ... what a bargain for BMS or MERCK
At this point in time they could have mine for 1p ... sorry guys but I have lost the faith and I am thinking that TM is more worried by this than Thoth’s Email ... but he must have known this was coming as surely he and CRT/ ICR have some involvements in weekly/ monthly 737 progress meetings
I am happy ... “do you honestly think a milestone is due ?”
Yes I thought it was Close as the last placing only provided funding TIL Xmas and it was supposed to be for working capital and tyk2 progression
Without a milestone then it’s either another placing or fingers crossed it’s a TK456Parker deal
SAR should have released options along with the RNS ... such as :
1. Take a part payment to remove further placings or
2. Bring back in house as a joint venture for fast track or
3. Just roll over, do nothing ( the norm ) and watch the shareholders value erode further or
4. SACK PARKER or
5. SACK PARKER
But to just cut and paste SRRA news will kill us .... this is approaching 0.2 rapidly ... so TIM .. any ideas .
The crafty bar steward probably believes he has played a blinder in getting away without having to pay milestones .... so it’s time to act ... rip it back from his grasp, fund a £10M single target trial with CRT and other third parties and push it to market fast track without SRRA
Dear CRT : this has been proven to work in specific cases and there will be many people out there dying right now because this has stalled .... time for real action against NG and SRRA !!!!!
The frustrating thing is that the SAR BOD have simply cut and pasted parts of the SRRA report and delivered it as a SAR RNS .... so we can all read that this does not sound good but in SAR’s RNS they should have elaborated on next steps - for example , and it’s not rocket science ... SRRA make a part payment of the milestone (say 50%) so that SAR don’t need another imminent placing ...maybe that is what will happen as per the phrase referencing the renegotiation of milestone payments ... as NG knows that SAR are desperate for some money !!!!!!!
Well if we don’t get a milestone payment by Xmas then it will be further dilution, probably at about 0.2p + ... we always said the last placing was too little but I hope we were wrong
Also ... who would now participate in a placing at say 0.25 ? ... as looking at the last X placings after each placing the SP has dropped further resulting in all placees being out of pocket - hence II investment is unlikely .... so fingers crossed the BOD see the unrest from THoth’s email and try to install a more positive vibe here ... though it will be difficult as they cannot simply come out and say ‘ a deal is close ... etc ‘ as that would influence traders and so would be classed as insider knowledge ... hence it will be difficult to get any meaningful information but would be good to see whether Parker and the NEDS are value for money
Utah - they put out a statement saying “in line with market expectations” and will report results at end of September .. therefore market not expecting any more news or contracts before then ... hence the slow downward trend which I would expect well into September now ... so the 2.x price is on its way unfortunately IMHO
Many thanks Thoth for kick starting this ... at the end of the day any improvement in comms and a move away from completely ignoring their shareholders will be a good thing .....
and if not then I am sure the press might like to do a write-up on AIM shareholder action ... but let’s hope it does not come to that and their ability to manage their shareholders improves many fold
The frustrations of the shareholders do need addressing by the BOD
- the sp is less now than 10 years ago
- are the NEDS value for money or simply a further drain on funds .. what are they doing
- why no useful comms or updates
- why has data and information been pulled
- what is Parker’s value ?
- pay rises and massive options should be performance linked only
- when are milestones likely
- etc etc etc
There is a need for better comms as we have just seen year on year dilution and loss in value of our original holdings ... and potentially this could continue due to SRRA situation
So I am all in favour of the shareholders standing together to ask questions which have been brushed aside when done by individuals
No one knows for sure what will happen .. but personally I am not convinced by the ‘significant shareholder value’ or that the last placing was for enough funding ... I believe that the BOD took a smallish 6 month funding as they expected SRRA to deliver a milestone payment but if this does not arrive then we are in for much more dilution at a significantly lower price .. after which the BOD might buy in at 0.2 ... so let’s hope SRRA news comes soon and involves milestone delivery before funding dries up ... which won’t be long with 5 well paid executives ... as, irrelevant of people believing the last placing was just for TYK2, I saw “working capital” to mean salaries also which is a lot of lolly over 6 months to keep our BOD in bread and water