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Don't give up! Do you honestly believe that Tim & John aren't working on a plan?
The biggest threat to morale is the poster Robin Hood. A person obviously here to goad and instill fear.
Bit of a poisoned chalice though, isn't it?
I can't see any prestige in taking on a small and unsuccessful non- revenue generating company. These sort of lifestyle gravy trains are two a penny on the AIM. All IMO.
3p is a joke. Grossly overvalued pile of dung.
Whatever happened to the concept of generating revenue? What happened to all the legacy products?
That is an extremely negative and one- sided report. For example, It wasn't Sareums fault that the MHRA messed up. It wasn't Sareums fault that Sierra didn't progress 737. It's not Sareums fault that the UK is a hostile place to be small pharma.
Let's hope that Sareum prove Winnifrith wrong.
If that happens, Tim & John will have lost over 10 years of work and taken a considerable financial hit.
Did they really agree to a deal which would end the company? If so, that was an act of the utmost stupidity.
Do we really think that's how it's going to end?
I think a plan will emerge and there's been some good thoughts about that over the last few days.
Warty, panicker in chief and doom-merchant. As regular as Halley's Comet but, alas, far more frequent!
About 8 x 10000 sells today (RF?) Seems quite orderly atm.
If she remains within the company that will save severance pay etc. She deserves nothing like that. Perhaps a role cleaning test tubes and running the annual Grand National office sweepstake would keep her occupied.
So would I. Her statement shows no insight into her limitations in this role.
Just more uncertainty while they search for another CEO. By their own admission, that could take months. Is there any danger that this crock will actually ever get some revenue rather than fart around with congratulating each other?
Reading her statement anyone would think she'd actually achieved something! A complete disaster and I'll be glad to see to see her gone.
A public forum and libel law prevents me from expressing my view on Dilly. Suffice to say, I dislike her very much indeed.
How is the funder funded? I can't make head or tail from their website.
It seems a starnge business model for both parties to drag each other down!
They've got another 1.5 million available on Monday. Forward selling?
You need to be a PhD scientist to understand that RF deal!
Does anyone have a clue to how many shares RF have left?
Yes, you're right, my mistake.
I just hope some intense discussions are taking place.
Indulge me a bit on this because I'm struggling to see a winner from the current situation but I can see plenty of potential losers.
Without debating each reason in detail, I see the main factors contributing to the current position as follows (in order of damaging effect on the SP) IMO:
1) The RF deal.
2) The UK MHRA farce.
3) The uncertainty around 737.
4) Management naivety and insufficient professional support.
5) General economic conditions.
The RF finance was arranged to provide funds for getting 1801 through P1. Hindsight seems to indicate it was a bad deal.
If RF have been selling shares and driving down the price until we are at current levels, aren't they just going to end up with a large quantity of very low value shares and if the company is driven to the wall, who's won? Can we seriously believe that Riverford are in the business of actively putting their cleints out of business?
Are we really thinking that Tim and John's years of work is on the line for £300k? That's peanuts and I can't believe that the BOD can't easily raise that sort of money from a number of sources.
It was a truly terrible RNS written in that cold clinical way only boffins can manage. They should be getting advice and guidance on how to paint the best possible scenario. All they've done is created fear in that it's £300k or bust!
All IMO.
Just ordering a couple of control sbonk for my cooker and naturally my thoughts then turned to Valirx and the people who are supposed to be delivering shareholder value.
It's nearly 6 months since the last update on the Theorem farce and I'm just wondering when Dilly will be obliged to fully update the market on whether the ancient LOI is dead in the water. I think it is.
I would also like to be considered for the job of CEO.
I have an O level in Chemistry and ran a very successful car boot stall for many years. I did this despite having the pressures of running a Whelk stall at the same time..
I have a certificate of sanity and always take my medication.
My car has an MOT with only one advisory.
I will be able to supply references when my referees are released from prison.
Late RF dump.