Member Info for Billy-Bunter

I don't believe that non-dilutive funding is an option here. The main form of no-dilutive funding are loans and with Sareum being pre-revenue I don't see that being an option.

That leave some kind of a joint venture. And, in that case, the other party aren't going to give money for free. They will take a portion of the commercial interest in 1801 which will then dilute shareholder value on the back end, when Sareum (hopefully) reaches a positive conclusion.

Whichever way this goes, dilution is going to happen. It can occur up from with a placing or on the back end with a reduction of Sareum's commercial interests in 1801.

Bill.

I. Sure that Sareum will get the funding they need and if the P2a results are good I’m sure we will see a buyout. I reckon it will be in the £4-£5 range.

Bill

I have to agree with Nicely. And don't attack me for having an agenda. I've got over 2.5M shares and have a vested interest in Sareum doing well. But, I must say, I'm 'totally' underwhelmed by the rise today. This should be 80p.

Bill

Lazarus2 and Potnak, that buy wasn't me. I'm hovering with £40K to spend here, just waiting to see if the share price has settled or if it going to drop any further before I pull the trigger.

Bill

Interestingly I'm probably going to buy the same amount of shares (£40Ks worth) next week....

Bill

Its a great place to eat... 1 Michelin star I believe

Covid was also a big factor and 1801 being a potential respiratory treatment, which additionally drove up the price.

B.

Were they buys or sells?

This week I think!

Bill

Me too. It must be close now…

I hope you are right HBD. But, after the rollercoaster ride Sareum has had I’m being cautious with any nearer term share price predictions.

Have a good evening.

Bill

I also have 75p in mind. It’s where the price was before Riverfort came along, accounting for the 50% or so dilution since then.

Because the deal with Riverfort worked out badly and had the share price in a death spiral. Additionally Riverfort stopped the flow of funds to Sareum and they were at risk of going under. That is thankfully now behind Sareum, hence the share price lifting.

Correction. Should have read: Yes, that is correct. They need the funds to plan for and then execute the P2a trial and fund business operating expenses in the meantime. I’m expecting a raise in the Autumn.

Yes, that is correct. They need the funds to plan for and then execute the P1a trial and fund business operating expenses in the meantime. I’m expecting a raise in the Autumn.

Hello HBD,

If Sareum runs a successful phase 2a trial, I think the business could be worth 500-600 million dollars in a takeover situation. To get to this point there will be further dilution to raise funds for the trial and general operating expenses. Assuming that P1a is successful and the funds are raised at a higher share price, the dilution would be such that we would be looking at about a £3.40 to £4.00 share price.

Bill

HBD. Only invest what you can afford to loose.

B.

About 2.4 million, of which about 400,000 are in an ISA.

We need to bear in mind that we are now close to 50% dilution from before the Riverfort deal. We need to take this into account for expected figures for any correction.....

Yes it does - all that is left are their warrants.

B.