Member Info for Chrisatrdg

Hi stew200 I think the conversion from $2.46 is £0.37 which is £0.04 higher than close on AIM today it would be good to get to £0.37 so £0.40 is high.We need sight of the cost cutting as promised with a plan which would help.Regards.

Hi dan1nat1 - I agree with you with regards NASDAQ for first time for a while NASDAQ is on the up.Fingers crossed.

Investors55 - I increased my holding by 33% in the week of the DMD RNS but no more.

I am surprised that considering the severe drop in SP & the huge losses we have all incurred that the Directors can get such a bargain today.It does not seem fair or are they getting in before the axe falls.Hey ho.

Hi All Clearly Summit are not in a closed period & Glyn clearly feels he is here to stay but it is good that he has shown confidence in Summit & it will help bring his average SP down.I am also confident in Summit & increased my holdings by a third the week of the infamous dmd RNS.Onwards & upwards.

Moses888 - DMD failed SP tanked Summit is now C-Diff (Phase 3 2019) plus the Discuva platform & we are awaiting Summit update on re-organistion of the Company i.e. stripping out all DMD costs as now reflected by updated web site now no reference to DMD at all.In my opinion a good investment at the current SP for me hopefully recover my costs in next 2 years.

Share Information - as at 12th July 2018 (Web site recently updated)

https://www.summitplc.com/investors/share-information/

My thoughts too Free-Money & someone needs to ask Summit.SP has not shifted on recent RNS looks like only ground breaking news will move it back up.We now need Summit to tell us their plans.Looks like a long haul before I will get my money back need to get back to £1.

Summit Awarded up to $4.5 Million Grant from CARB-X for Development of New Mechanism Gonorrhoea Antibiotics
https://otp.investis.com/clients/uk/summit_corporation_plc/rns/regulatory-story.aspx?cid=1575&newsid=1109580

Hopefully The small blue tick up will now continue all we need now is an update from Summit sooner rather than latter.

I totally agree with you dawski37 SP about to pop?

Good to see closing NASDAQ is up 2.02% at $2.52 (£0.38) hopefully AIM will follow on Monday.

I have read the various posts this morning & understand some of the ponts.I have been invested in Summit starting 8 yrs ago & currently £32k down having increased my holdings by a 1/3rd last week at prices higher than now.I believe that Summit have a future with phase 3 C-Diff plus the Discuva platform & todays SP is very tempting. Summit should now be regarded as a 'new' investment.
In my opinion provided that the DMD pipeline that is still at the earlier stages & does not the same problem as the one dropped last week Summit could go for a Licensing deal provided there is confidence in the science.
I believe we will get an update this month from Summit & that I will eventually get my money back within 1 to 2 years so will be holding.Finally with no DMD Summit have now de-risked & has a good future.

Please correct to .60p.

Following the recent videos which were very positive are we about to see the SP blow as currently based on the progress made by the board there is still room for an increase to the next level i.e. 60p.

Lets hope we see Blue today NASDAQ close down at $2.40 (£0.37) still think for newcomers it is a good investment.

Comment from waterloo01 this morning from the other board which underlines my thoughts:

'Well I've doubled up today. Nothing for sure but I'd be surprised if they didn't get an approach at some point.'

Hi EP Glad you have posted I too am sitting on a substantial loss but added 33% more last week & now have an average of 96.19p on 50,000 shares & do not expect to recover my costs until at least a year or maybe more.The idea. of making a large sum have gone I only want my money back.My only consolation is that I sold 3,500 shares in January for £2.40 (142% profit) which I used to buy a new car ballon payment in 4 years by which time Summit hopefully will have recovered.I should have taken the advice of my financial advisers & sold after the 24 wk results but Glyns voice resonated in my ears as to how good the 24wk results were & the rest is history.Good luck in what ever you do. PS I had worked with the founder Discuva & know how good he was so I have hope for what he has passed onto Summit & at todays prices makes Summit a good fresh investment.

Good posting mcadder good to see a positive spin on things.I have no doubt that INFA will be a success provided the 'science' is proven.Have fallen last wk on my substantial investment in Summit (SUMM) because of a failed science project.Do not expect my current loss from SUMM (currently £31k) to be matched from a successful INFA project but to at least go some way to reducing my current loss position.Thanks for your continued posts.

Hi Wildbunch I understand your view & it is not sour grapes .Those of us who have been invested many years in Summit & now with huge losses might feel that the CEO's 'excitement' had been misleading especially the 24 wk comments & lead me to holding against my financial advisers advice which has currently cost me dearly after adding 1/3rd last week loss now stands at £31k.I expect to be break even within the next 1 to 2 yrs.Hopes of making a killing have for me now gone. however I had de-risked over the last 2 yrs but not sufficient to cover current paper losses.At least I made the right decision in January this year & sold 3,500 shares at £2.40 total value £8.4k (142% profit) which was used as a deposit on a new car (ballon payment in 4 yrs time) so its not all bad.