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I agree with that analysis Jimzi. Also important to bear in mind that the move from 42-37p has been mainly on low volumes so other than shaking out a few plonkers with stop losses it’s pretty much trader v trader at the moment.

If 38p support holds for today I expect the downward pressure to ease next week. Obviously any RNS will instigate a violent move up owing to the repressed RP. Hopefully we will be retesting the ATH before long.

Yes but the thinking that a 0 value asset being spun out will hurt a company’s value is stupid beyond belief.

It’s not a case of agreeing or disagreeing. Both of those events (patent board and markman report) are due to take place before the end of May. It’s a matter of fact.

Whether that leads to a full trial which is scheduled for October is another matter...

Important mantras to consider at times like these:
1) unless you are buying or selling, the SP is entirely notional and, dare I say, irrelevant.
2) there’s no accounting for the impatience of some
3) let the traders do what they have to do, it creates liquidity and a market in which buying and selling shares is much easier than it might otherwise be.
4) no one can force you to sell your shares- take the emotion out of it and if the SP is bothering you, walk away from the charts for a while.

I bought yesterday at nearly 42p (granted- usually my timing is better than that) and the dip doesn’t bother me a jot.

Take your points HarChris but equally one could argue your strategy (trying to find the bottom) is a dangerous game and more akin to trading than investing. Talk of getting back in at 90p shows you see this as a trade in/out rather than a genuine investment.

So some advice of my own for any PIs:
1) Do your research
2) Decide if the price/risk is acceptable
3) Wait for major news and don’t let any ramping or deramping, or any subsequent share price move arising from such, let you part with your shares
4) sell when you achieve your target price or the company fundamentals shift (for better or worse)

HarChris, Wow.

Heaven forbid that PIs make their own call on how they invest their money!?

You speak articulately and compellingly, but this is brazen deramping. You talk as if Synairgen is a dead cat pump and dump operation. It isn’t. A little research, combined with a little patience and anyone can see this share has legs.

I totally accept this share is speculative and will be volatile, but equally it’s not one you want to be out of if/when the mother lode RNS drops. I doubt many PIs are investing here thinking it’s a one way bet. You sound like you’re really trying to capitalise on the negative market moves (which still don’t make any sense to me) and using that as a means of somehow downgrading the company prospects. Nothing has really changed...

HarChris, I wonder about your motives. If you’ve sold, as you have said, then why the keen interest in this BB? I think you made a lot of fair points on Friday and I understand why people sold on Friday but to reiterate it today and talk of crashing to 90p moves away from narrating your thought process and into deramping...

Generally a lot of negativity in the markets today but volatility pre the big news we are expecting will mean some big swings between now and then.

Just a little longer to wait. We will know the outcome of the patent board and markman hearing any day now, both of which will be a huge boost to our SP.

I couldn’t resist a little top up today.

Same happened to me this morning

I agree. If your investment is making you nervous then stick to a boring FTSE 100 tracker.

If you’re picking shares then the price dropping shouldn’t really matter. When I’m invested a share could go to 2p for all I care it’s the fundamentals that matter and right now the drop from 160 to 110 can’t be explained by any change in fundamentals hence the bounce.

HarChris, taking your lead from IIs seems an odd strategy. They can’t afford to wait due to results etc but we can. I’d understand people pulling out because they are themselves fed up but surely IIs and PIs are playing two completely different games?

You’re not likely to get many multi baggers following II money IMO...

I think it’s also important to debunk the ‘time is running out for Synairgen’ narrative, which I think is why there was so much disappointment on Friday, and why the SP got trashed, especially as the US market woke up in the afternoon and really compounded the sell off.

We know that the market has contracted for SNG based on the vaccine rollout and other treatments, but anyone who thinks we will hit ‘Covid 0’ is deluded. There is still plenty of time for SNG, not least because public appetite for lockdowns ad infinitum is virtually 0. Governments are having to accept the uncomfortable truth that they can’t run on fumes and that the majority of tne populace want at least a semblance of normality. This will of course mean, like the flu, that waves of this virus will become something we have to deal with, rather than eradicate.

Simply put, Covid is something society is going to have to learn to live with, even discounting mutations and variations, I expect that the market for remedies that prevent serious illness/ death will still be absolutely needed. Based on the efficacy results we all are waiting for I wouldn’t be surprised to see a rush for this treatment. There is so much dross out there that should we get stellar results, we will see this company selling to most of tne developed world.

This is just my opinion of course, but patience is the key here. And with so much negative sentiment about at the moment it’s important to try and take a long view at times like this and see that the viability of SNG hasn’t really diminished at all.

Agree with you Leaf. The science is brilliant but in an open market nowadays, particularly one so hotly contested as this, having a product without the PR and sales nouse to go with it is going to seriously erode your competitive advantage.

Let’s hope some lessons were learned from yesterday, they need to get someone in who is going to line up the soldiers and get this thing moving to a very clear timeline.

The science is golden, and that’s why I doubled my holding yesterday. Let’s hope it wins out in the end.

Side note, I don’t just see this as a a covid play and will keep at least my original half in this stock come what May to see how the whole COPD narrative plays out.

Have had a small position here for a while but decided to double down just before the close today.

Quite simply, the fall was a massive overreaction to the RNS, resulting in a decoupling from the fundamentals and hence good value. IMO.

Of all my holdings this one is definitely the most frustrating. I totally understand those frustrated PIs that bailed today. The traders and MMs smelled blood and conspired to turn a seloff into a bloodbath.

However, the science is the science. The efficacy of their flagship treatment is good, there has been nothing to suggest otherwise and so long as that is the case, it’s worth putting up with the poor comms and less than polished PR strategy to see just what we have here.

Been musing about what’s transpired over the last couple of weeks since the spinout RNS.

Were things getting a little heated at 47p? Perhaps, based on what is known. But educated speculation as to what’s likely to occur wouldn’t make that price unfair...to my eyes at least.

As has been reflected by the conversations on this board, the market has been a little overburdened by the question marks over the spin off. However, this, to me, seems a bit of a false flag, creating a diversionary narrative of a poorly executed spin off. Perhaps the market was disappointed that this wasn’t one of the ‘big ones’ but surely the fact that that ball is rolling on spin offs generally is a positive thing?! This is just CF doing what he said he would do. Good, solid leadership. Questioning the minutiae of the spin off seems bad faith to me. We’ve trusted CF so far so why all of a sudden be skeptical and cynical? The drop in the SP, in a word, was baffling.

I’m convinced core business is booming. CF has this SP on a shoe string. There are contracts lined up like toy soldiers ready to be signed and therefore RNS’d, not to mention the other, smaller contracts CF stated he wouldn’t bother RNSing any more. Time will tell whether I’m right on this one but I strongly suspect that there is plenty of news waiting in the wings.

The big, golden, elephant in the room is DIM. I wonder what’s been going on behind the scenes there? RNS about new CHIM contracts will boost the SP but DIM agreements will rewrite the rules for what the SP could be. Would I be surprised to see the day DIM revenue outstripping core OO revenue? Nope. The more I think about it, the more I hope DIM isn’t spun out.

I await the next few months with excitement and absolute faith in Cathal’s grand plan. Where are we now? Oversold and feeling a little beat up.

One RNS and that tide will turn, I just hope it ain’t before I get paid on Thursday!

My personal take is I’d absolutely want to be involved in these spin offs. Sure the price may bounce around 43, 42 maybe even 40 but is it worth the risk of waiting for it to hit a bottom when the potential upside by year end is so big? We know CF has plenty of news lined up and ready, one RNS and the 40s could be history.

I’d advise this person to look at a few of CF’s presentations, research the long term goals and take it from there. The answer should be obvious from that point.

Ironically getting in before that RNS was great timing! Mr Market had his day yesterday but all LTHs saw that RNS for the great news it is. It got traded the hell out of and a few weak PIs got flushed of their shares in the process.

CF is executing the game plan like a pro. Just sit tight and watch what happens to your investment. You’ll be glad you got in when you did.

Yeah, that recommend on your comment is me! Haha

- The RNS today was great news. Anyone who sold based purely on what the graph was doing is a plonker and has been well and truly played.
- The quality of discussion on here goes to the gutter on a bad day. Based on a few trolls such as Nofear. Stick’m in the green bin.
- Despite all the best efforts of traders to coordinate a sell off, and a PI shakeout, all they’ve managed is 1%. To me, that signals a much better day tomorrow.
- Those who know what’s what piled in at 40p.

Let’s see what tomorrow brings :)

If I remember right from looking into this, they work on a spread and that’s their commission. So say the ask of a share is 21p you would end up paying a fraction of a pence above that.

Cheaper than a straight up trade commission but not free and, from what a friend told me, a nightmare in a bull market because even a tiny lift in the SP and all of a sudden there’s no margin in the trade for the broker and therefore it doesn’t get executed. On trading 212 he was waiting for two days to buy Orph and because the price kept rising, kept getting locked out!