Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Carter - not exact numbers and appeared over 10 mins on ADVFN around 08:27-08:37
100K = 26K + 26K + 26K + 13K + 9K
The MM's drop the price by 1p and we get 100K shares purchased;
Strange lack of trading following a positive presentation !!
70M shares in Issue ; SAR BOD Do a raise with a large pharma ; 70M shares @ 10p = £7Million
Problem then is that large pharma own 50%+ of SAR shares and no longer in the hands of majority PI's .. That then allows large pharma + BOD to decide on any route they wish which could be to our detriment .... Hope not but it is a possibility to remove our ability to block undesirable outcome !!!
This level of mismanagement feels almost impossible to believe ... I just hope this was not deliberate on the part of the BOD to allow a large pharma to purchase for peanuts whilst moving our BOD into nice positions in the purchasing company ... just feels dirty to me now !!!
Let's not let them get away with anything this sinister if indeed this is the case !!
GLALTHERS
CONSOLIDATION !!!
They have had a week since the bombshell RNS ... plenty of time for them to have addressed a reduction in salaries and announce that to the market .. it may have helped !!!!
If we are still here by the next AGM in december one would hope everything will have been resolved here ... !!! - lets hope so
0.35p old money ... what a joke
BILL : Failure to obtain funding at a much higher price, Consolidation and the RF Disaster ;
How many more balls-ups will you allow him if you save his bacon here by funding his continuation ?? .... I think this BB will be sorely divided on this front
For me Parker out and TM moved sideways on a reduced salary !!! ... they have had enough chances and have right royally screwed up this time
But I will only take up the offer if PARKER is out of the door ... He is not competent in this role and we cannot afford to have people at the helm who cannot deliver
If the placing was mainly taken up by the current shareholders then it would be nice to keep it at 25p and build from there rather than reducing the price further and having further to climb ... AIMHO only ... and less overall dilution of our existing holdings
More round number chunky sells - my guess is RF are now selling everything to get another top-up at low ball prices before any alternative funding solution removes their ability to RAPE SAR further
HBD - sounds like a win-win scenario if it materializes
But lots to discuss and negotiate ; BODs performance ; Salary expectations ; TM's position ongoing as he is not born to the CEO role; Additional presence on the BOD to protect shareholders ... which I thought Owens was bought in to do ; Termination payments for a) Parker and b) RF .... etc etc
Large round numbered SELLS still dropping in -- 30K just gone through
Is this still RF selling ? - i would have assumed that they would hang fire now and wait for a recovery to take advantage of warrants and increased share price for any topped-up shares they have been granted at such low prices
There is no point us all investing in SAR open options to the tune of 300K if SAR BOD are going to continue taking 50K per month in salaries (20K TM and JR each and 10K SP)
They need to proactively reduce their salary drawdown's and also provide greater levels of comms on the way forward
FWIW : AndyMKDons message worryingly felt like a real possibility of the BOD shafting us and sitting pretty at the expense of the shareholders ... hopefully we have some knowledgeable individuals keyed up in company law who can ensure that if we do lose everything so do the BOD also
1% of shares traded and MMs taken 33% off of todays MC
Or was the RNS deliberately worded in this way -- Lets just say GSK want the compounds and have lined up lucrative roles for our BOD should the company go BUST !!!
Stranger and more despicable BOD antics have been done before in other companies ...
Hope this is not the case !!!!!!
Silver - 20% goes straight away on salaries fro TM (200K) , JR (200K) and SP (92K) .. so it does not leave a lot ... especially if you add to that all of the admin charges with the RF deal