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A post from Breagh at 9.19 this morning had to sell half their holding of 80000 which in old money is 4000000 shares if the 80000 was number of shares if the 80000 was cash it's still 3200000 shares old money.
it's failed the Tox studies and that news is just leaking through. Although if we did have the big sell of 80000 shares this morning that would be having a big drag effect on the price.
It's not coordinated negativity these are long term holders who post quite regularly. They are not one of the famed tag teams sent to disrupt the SP so there can be a bear raid before the big tick up. They are shareholders and they have every right to question why this is happening. And so do I the BoD need to do something.
No Utah you were right but it's not Frankie who will take us down it's what the FSW Benitez did to us before Frank arrived and the overpaid Prima fec.ing Donna's disgracing that shirt that MIGHT take us down.
Frank will sort it, I hope!
Didn't you say he should stop tweeting on the 3rd March Utah?
It does seem bad this. Is that now 10p a day for the last three.
Just hope some people are right and there is a plan I probably have about fifteen months before I have to sell.
Some or all of them that's the question. Quite frightening this constant drop.
28p has been touted for the last four years or mor it's not new or a consolidation figure.
It's like a milestone we are all headed to.
Good morning Aberystwyth to be honest B..ls to anybody who has a go say what ever you want to. Quite agree with most of it to be honest as I'm sure lots of others do too.
Hopefully there is a plan in there somewhere agreed with the BoD/PH/HNWI and hopefully it's this year personally I believe you have been here over ten years that is PATIENCE.
I don't believe Tim is a front man really but he does step up to the plate but maybe it should be someone else now we have so called grown up. My one big gripe about Tim is when he says we might go shopping if we do a deal. Forget shopping give us shareholders a pigging dividend even better a big TO value.
But Afham3 the new HNWs or the Institutions will want shares for their money so it's still a placing/ dilution albeit a placing not open to us ordinary PIs.
That said the dilution no longer bothers me as if I was seeing a big Insty chucking 20 to 30 million little Sareums way I would think they know something good is coming and try to get on Sareum as well. After an initial fall once that investment starts to arrive hopefull the SP should follow it. Bit like Sierra kept doing up and down money in SP up then down etc.
That really is funny. How bad is he at this.
RNS 20th Oct 2020 same AGREED wording on exercise of options again as found by Smart.inv not me.
Sorry can't see the problem was wrong the selling of the shares did start a decline in the SP.
My personal belief is that when the BoD two years back agreed to defer salary for shares or whatever Tim and John were given the nod to exercise options but to agree to sell straight away as a sort of bonus for them.
Who knows just guessing but to be honest not a great policy last year when the share was on the up certainly cost them value wise with the rest of their holdings.
However maybe THEY know what's coming next.
Hello PCS1954 when you brought it up a few weeks ago I said it was the same wording as the year before it's just SAR terminology. Not me who found that out at the time of the RNS back in November where everyone was attaching meanings to the term AGREE. it's was Smart.inv who pointed out it was the same terminology the year before when Tim and John exercised some options then sold them straight away.
Can't see the problem they exercised some options which when granted to them probably carried an agreement to sell at the the date of exercise current prices.
And they DID sell them.
RNS 3rd Nov both Tim Mitchell and John Reader agreed to sell.
Hello Mafuta with it mostly being electronic suppose the Brokers may send them as and when they get them so yes maybe they do have a good idea of the outcome. Let's just get it done probably suffer an initial drop but let's hope the news starts to come through in line with their plans to boost shareholder value. Hopefully they have such a plan.
Hello Fathertedcrilly I don't see how they could know in advance with their shares and the HNWs shares they still only hold around 5 to 7%. Unless some of the group's set up in the past have pledged their support that might make them think they will swing it. Although I read a good few days back forget which poster said it but they inferred they were in a group and their vote was going to be no. Looking at past AGM and votes they probably think not that many will actually vote so that gives them the edge as active voters. I have changed back and forth but I am of the opinion the BoD big players have a lot of shares themselves so will think something good is coming out of Consolidation so will go along with that. I just hope it's all sorted in the next fifteen months and Sareum as we know it has been and gone and it's old shareholders have all walked or sailed off into the sunset. With nice bank balances of course 50p to a £1 is my dream.
Apprehensive same as HL told me just state which option and my vote for that option.
Would love to see it DeAar nice to see some optimism
Sorry Utah meant to say that you may be right with the 3p figure. However if that figure then brings us 20 to 30 million from Institutions, the SP will react and other investors will want to get in forcing the SP up , unless the BoD shafted the PIs and kept diluting to get new big boys on board. Hopefully they aren't that type.
Utah struggling to get investors on board?, what is it now within the last ten months over 5 mill and possibly 5 HNWs, hopefully all 5 are still here and haven't sold up. Compare that to previous years where they had to place virtually every year for less than a million. Think you are right in one respect that they are now going for the BIG investors either to show Big Pharma they need to increase any offers significantly or the HNWs have said let's try it on our own to the next phase. Big gamble but big payouts if it starts to click. I am erring now to that's why they need the consolidation to meet II investment criteria.
Hopefully.