The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Blue Toff why would you inflict our torture on others.
Only club I know with a worse accountant than Sareums.
If we have received no cash on this 6 month anniversary why are the BoD issuing placement shares. Why no mention of the up to 1.4 million we could have asked for. There is no need to pay back any sums until August 25. If RF wanted a payback on some of the debt they were to ask for conscription shares mot placement shares.
Co fused as to why the 1.4 is not in discussion and as to why the BoD are issuing placement not subscription shares. Anyone any idea?
Hello Reality10 and anyone who may know. Is this next placing to pay for the next instalment of the facility of up to 1.4 million. We were due 2 payments at the 6 month anniversary of up to 1.4, and 300k dependant on certain conditions. Today's RNS says we haven't met the 300k conditions, but have we still drawn up to 1.4 as allowed.
Not clear to me at all.
Hello HBD, true maybe he did try, as you say we just don't know. Just a bit peed off with them at the minute. Fingers too ready to type abuse of the BoD at the minute. Should give it a rest for now.
Reality10 HOW are we out of RFs clutches. Aren't the new placing shares being issued to them so they just keep selling them. I hope you are right and the shares are going somewhere else but the RNS says they are being issued under the terms of the facility.
I would say though if I was a HNW I would pay this RF deal off, but I would want a lot more control of the running of the company.
HBD if Birch was in any way clued up he would have steered them away from an RF type deal.
David70 I don't think half of the directors shares sold would be 750k would it?. I do think as you say it would send a strong message of belief. However the directors sale RNS would probably not mention that they would funnel the sale proceeds into the company knowing Sareum previous RNSs.
Just not got a clue what to do now, sell or hang on, who knows. Shameful.
Thanks for the link HBD, just read the first three posts. Seems they are blaming the poor performance of their investments. One guy points out its their own aggressive selling that's destroying the SP of RGO. Perhaps they need a rethink of their strategy. Idiots.
Courtesy of Toolsmoker on ADVFN. Looks like the payment vehicle company has been registered.
https://find-and-update.company-information.service.gov.uk/company/15331521
Thank you Parrot talk
Lazarus thank you, but credit ( bad word to use really ) must go to my wife for sticking with it, and the CCCS ( Stepchange now I think ). They know their stuff and no judgemental rubbish. Bad days.
Couldn't have done it w
David7015 people who thought they knew me a few years back thought I was quite well off. They didn't know I was up to my eyes in debt to pay for it all. Took a lot to finally get debt counselling. Took even more to break it to my wife, and to tell her the way forward.
Luckily and I really really mean luckily, she stuck with me.
After ten years hard work I can see a clear path ahead.
That's why I get angry with people thinking they know another person's life.
Simple fact is we don't.
What has living in Cambridge got to do with it. Sareums office is in Cambridge, that doesn't mean the Drs live there.
How do you know it's a piddling amount of money to them. Do you know their financial details, the value of their mortgages, whether they help elderly relatives out with costs.
You don't, so don't summise you know if it's small amounts to them.
Lazarus these three are just trying to wind people up. If they had bothered to look at past RNSs from around this time of the year they would have seen its quite regular.
Yes they do sell some to actually pay for them and to pay the tax.
Strange Kat got caught out on this sure he/she has been around for a while and would have seen this happen before. The other two openly admit they don't know much about Sareum but again should have checked previous years. Note the glee in Pumas post though. It think it's fun that peoples paper value has dropped.
If they knew people who suffered from the awful diseases Sareum are targeting they would want Sareum to succeed.
Puma where have you been for the last three weeks when it was holding. Hiding away letting Maj have a go all on his lonesome but even that one went AWOL For a while, when it wasn't dropping. No doubt for me it will creep back up to the 80s again. Very much a PI owned share this one with a loyal band of PIs.
I don't think you are very far away from the BoDs thoughts of it's time to enjoy the benefits of all the hard work. Financially and life enhancing.
Interesting take on that Colbaltblue. I have a feeling along with Aberystwyth s take on it neither of you are far away.
Thank you HBD it all seems to be speeding up to me.
Exciting.
Sorry might be a silly question to the learned amongst us but is this Phase 1b starting with it saying Psoriasis sufferers being recruited now. If it is, doesn't that put us light years ahead of where we said we would be at this time. Or am I getting too excited and we are still in Phase 1A.
Could be his brother has disowned him after this debacle and ABH is just being a ball bag winding people up. I was of the opinion the site had been hacked but why would he allow it to stay up. Then again how easy for someone to set up a duplicate site and keep churning this rubbish out to twist the knife. Everytime I see an update I use the contact section on it and tell them whoever they are that they are the dregs of the earth and other things. Needless to say never had a reply yet. Can't see anything to say this is not a vonnut would love to be proved wrong.
There has never been a request to remove any of the nonsensical ‘£14 takeover’ posts that get regurgitated on hear daily.
So how do you know that. Just another I AM spout again. Jeez you have a big view of yourself.