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Hood and his mate working hard as they are not invested ; The King should be informed about you being such a caring individual; you may well get a knighthood for spending such long hours trying to help all of us lost souls ....
Personally a) They have not come back to the shareholders who emailed and received confirmation from IR about a possible placing and b) They have yet to inform anyone of reduced salaries ... so for me, sticking my neck out I think they are looking at a T/O at a reduced rate where they move with the purchasing company .... AIMHO but I am convinced !!!
but i also believe that the T/O price will be significantly more than today's price ....
I do so like the smell of barbeque in the morning ... shorters beware !!!!!
Interesting you say its a sell as through Barclays the sells are at 1.23 and the buys are sub 1.333 for £100 dummy buy .. so not sure how someone got 1.29 on a 500K sell ..
500K buy gone through as a sell
WILD GUESS !!!
RobinHoodOfAIM = PUMA & his team mate BullOrBears = MAJWAND
Out in force as soon as Blue appears ..... working hard for your Boss's PORSCHE upgrade lads
The BOD wont want a call with shareholders as they know there will be a lot of bad feelings expressed ... I am only expecting a published release and no later meeting - AIMHO Only
Wrong BB - apologies all !
Many on here said they would subscribe to a placing when the SP was at 25p ... and now it is at 14p and still nothing !!!!
Do they have a plan which does not consider shareholder value ?? ... for instance moving compounds and jobs to a new company, looking after themselves but not the shareholders ??
Have to say I am imagining dodgy dealings behind the scenes which are solely aimed at the BOD looking after themselves
Hope I am wrong !
I see no ambiguity ... The statement is very clear ... simple change in price but no additional warrants allocated ..
"Should the Company undertake a share placing during each relevant Warrant Term, the Warrant Price will be reset to the placing price if the resultant Warrant Price would be lower."
Good try to trick us all though !!!!
I believe Hood has incorrectly spread information on massive dilution expectations from the Warrant situation ... BUT I do not believe the information he provided is accurate and is more an attempt to PANIC investors .. The WARRANT wording is as follows
"Should the Company undertake a share placing during each relevant Warrant Term, the Warrant Price will be reset to the placing price if the resultant Warrant Price would be lower."
The warrants have already been allotted - so there were 800K+ allotted from the initial £2M @ £1.43;
If there is a placing at 15p Say then the warrant price will alter to 15p for the 800K warrants but there will be NO MORE warrants allocated at the lower price .. so please do not be tricked by the malicious BS of this individual !!!
Please be aware that this individual is not invested in SAR and only has one agenda ;
Silver - if you look at the BOD salaries TM is drawing 200K and 15K in Pensions ... so they are probably okay in retirement thanks to the shareholders they have looked after (NOT)
I am concerned by the lack of ANY news post the last RNS bombshell;
Whilst we all assume (and is almost definitely the case) that major discussions are occuring on a aily basis to try to resolve the current predicament, there are still things which could have been done and announced very quickly in order to reassure the ever faithful group of long term shareholders ... Namely :
1. The Immediate addressing (and reduction) of salaries to preserve whatever cash is left in the pot ... &
2. Possible purchase of shares by the BOD (TM and JR especially as they only seem happy with options currently) to show some level of confidence that things will get resolved
Both of the above could have been done prior to this date !!!!!
Lets hope for a quick resolution from this point
GLALTHERS
Not sure it is only RF selling - They are probably responsible for a decent chunk but they normally trade in round numbers- there are a large number of non-round large sells also today
??? - If it is RF selling down their newly allotted 1.5 Million shares then why have we not been informed of the actual placing of this 1.5M shares in a separate RNS from SAR just so that we are fully aware of the facts
Also cannot understand why RF would not hold now as these shares could be worth substantially more if alternative funding is found
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 !!!!