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Now that the interims are out I expect the new boss to make his mark and start to turn this company around ... All just IMHO ; ... watch this space ... comes to mind
2 little thingies ... 33
.. and no movement .. can only mean RF have another large sale queued up
CEREUS - Science is not the problem .. JR is a very talented guy who we all trust with the compounds he has created
Our problem lies with the pizz poor managerial abilities of TM and SParker;
AIMHO but many on here will disagree as some feel the sun shines out of Parkers Ar.SE; A good job really as we have many more dark days to struggle through yet
Have they managed to push this SP down to what might become 20p+ prior to getting their free topup and additionally funded shares ?
If so and they stop the selling it is likely that without the SELL pressure and the possibility of news the SP may begin to recover ... and RF then stand to make a real killing on their new shares ...
And the 'watch this space' message ?
Still think the BOD taking some of their salary in shares might help the cash runway ... as these new higher salaries are bleeding the RF funds dry .. and we need to preserve cash as much as possible to get to the end of 1b !!!!
And down nearly 7% .... you have to laugh !!!!
My worry is that we go so low that a 500% increase on a deal would only get us back to £1 (say).. so that would be 20p and at this rate it wont be long now !!!
So glad Parker forced the consolidation else we would surely have been bugrd ;
HBD : Been here a long while and always left the BOD to do wat they can ... but there comes a time when issues build up to a point where they are detrimental to the company - All IMHO of course and you may not agree but we can keep turning a blind eye and letting Parker continue on whilst taking his fairly lucrative salary, making mistake after mistake ... CONSOLIDATION (Joke), RF (Joke), Failure to fund above £2 (Joke), looking after the HNWI's interests (Joke) ....
There comes a point when we all have to decide .. is he the right man for the Job ?
You guys will continue to let him tick over and have 2nd, 3rd ... etc chances but I have had my fill ; enough chances .. If there was a ballot today all of my shares would go towards a vote for his replacement ....
Apologies for those that don't agree ; However I see Parker as just out to look after himself ... shareholders should matter ... hence considerations like RF Funding alternatives ASAP, BOD Deferred Salaries whilst funding is tight etc etc
My Shares - My Opinion - Not after an argument
And no consideration of DEFERRED SALARIES replaced with shares whilst our funding is in such dire straits .... stinks of greed and looking after themselves before consideration of the shareholders sufferings !!!
Apologies but I no longer trust Parker ... Happy if he is replaced ASAP
200K + Pension (TM) and 92K (3 days per week) (Parker) ; So in effect TM+SP+JR taking £500K per year out of the RF Funding ... so it was arranged for trials and salary coverage
As CASH is very TIGHT I would like to see some offer of Partial SALARY DEFERRALS in favour of shares to help support the cash runway rather than their bank balances whilst times are hard and tricky with this funding choice disaster .. dont see why they should not feel some of the pain we are feeling, especially as we are ploughing our money in to support the company whilst they have no need to buy shares when they can live off of their options
They have a motive behind this !!
They are finishing off their original 2M Shares quota so as to get a fairly hefty (> 1M IMHO) top-up at a ridiculously low price; Unfortunately I think Parker was very naive with this funding and probably did not assume RF would sell down and trash our SP so as to get their free top-ups at such low ball prices
And unfortunately it now means that any attempt to push the SP upwards is instantly taken advantage of by them
ARGHHHH
And the non-invested is back again ... can we now expect Porky, Box and semantic back aswell
Such a good samaritan to be non-invested but taking such an interest in the welfare of everyone on this board
FYI : To any newcomers ; Share4 is PAID to push this share price down ; Please be advised ; or just take a look at his posting history
Atleast now we all know how to make some money back ......
SHORT WHATEVER COMPANY NEXT DOES A FUNDING DEAL THROUGH RF .... However any astute Financial BOD would probably be better prepared based upon this fiasco
How is this a strong buy signal LAZ ?
The money from the RF deal is being eaten up rapidly by trials and SAR BOD salaries; The manipulation is crazy and the SP has not IMHO reached the bottom ; RF are just about to ask for around 2M free top-up shares which equates to more dilution; The BOD have not come out with any apologies for choosing the wrong funding option; We could just make it to P 1B with the money we have but what happens then ? ... If we then have no money a large pharma might offer £100M (say) which would be a joke .. but the alternative is that we have to trust TM and SP to either broker a deal or sort out further funding arrangements
Which part of the above makes this a BUY SIGNAL ???
BOD could probably also talk to RF and try to encourage them to be a little less trigger happy with the SELL button at these prices ... but lets remember they could not even pick up the phone to speak with CPF about the state of their 27.5% owned 737 compound ....
Ideal scenario for me now is Parker out and replaced by a proper finance guru ... but i have no knowledge on whether this is even possible
Krusty - I think we totally agree it is manipulation of the highest order ; The BOD undertook this Finance deal and had all of the small pint infront of them before signing .... I want to know what they are going to do about helping the shareholders when their salaries are mopping up a huge chunks of the RF incomings ;
Just seems like they are protecting their own salaries and shafting us .... something has to give !!!
JR,TM and SP are now taking over £0.5M in salaries out of the pop which is being supplied by RF !!!!!
As we are so strapped for cash WHY ARE THEY NOT NOW DEFERRING PART OF THEIR SALARIES and taking as shares ????
This balls-up needs rectifying quickly
PS : You may have gathered I am not one of this BB who thinks the sun shines out of Parkers A.R;S,E
As stated previously IMHO they are rushing to sell their first 2M Block which they paid £2M for ... some they sold at 70-80p and large chunks they are now selling at 30-40p ; So once sold SAR may need to give them a top-up of anywhere up to 2M additional shares .. if these are given in the 20p range and they hold them and SAR recover then they stand to make millions from them ... good business for RF ... S.H.I.T.E state for us to be in ;
This manipulation is not over and the worry is MERCK or some other large pharma might then come in with a low ball £100M offer (£1.50) .... Joke
And a couple of months where they have been unable to do much, one would hope that they had been frantically getting actions lined up so that given good 1a results ( like today's news ), they could quickly move towards a refinancing deal and break the dependency on RF ... surely these results will give new investors more confidence to support such a deal;
If not then what exactly have they been doing ??
For me, todays news proves that JR is 100% the right man for the science .. but the jury is still out on TM and SP ;;
GLALTHERS ... just noticed it has dropped back down sub 40p .... do we laugh or cry ?
Parker ... time to earn your 92K PA for a 3 day week ... and god knows when that pay rise was approved