Member Info for colbaltblue

Consolidation before any good news will be a disaster and will be exploited fully by the market. It would be a truly stupid decision. Consolidation at 7/8p will be better as the starting base is more healthy especially as the share has performed so poorly since the summer and the appointment of PH.
I just hope that any consolidation is driven by good commercial thinking and not simply a desire to shake off the penny share mantle (although that's not such a bad thing as a partial reason)
I'm not voting for consolidation at 5p. We will be absolutely crucified.
And yes, before any anoraks check my posting history, I have changed my tune largely because we are being worked and manipulated by unscrupulous people. IMO.

Unfortunate header.

Anyone able to translate for me?

Celtic 007 a typical Sareum bully. Cheerleaders only allowed on this forum.

Yes, point taken re SP. My average is 1.50p. Yes, I could have sold/traded at 9p but didn't although I have done plenty of trading on this share over the past year or so.

Yes, absolutely. I have a decent holding and been here for many years. I was just stating facts and one is that the SP is pretty dismal.

Well, yes maybe to the science but no to shareholder value IMO as regards to a "blinder" From the SP angle, it's been a poor year.
The SP on 31/12/19 was 0.36p. The SP on 31/12/20 was 2.20p. The SP today is 5.20p having fallen from a high of about 9p in August so the SP improvement was in far more multiples in 2020. The improvement from this time last year is very approx a multiple of 2.5. Nothing to write home about really.
It could be argued that the SP is very disappointing ATM and, hopefully, some of the much discussed good news will happen soon. The BOD have certainly presided over some disgusting and deliberate manipulation of the SP since the new broker came on board.
I just hope there's a plan behind the poor performance of the SP since the summer. In addition, if the SP continues to be held down pending the inevitable consolidation, then the BOD etc will truly stitch us up.
Happy christmas.

It's mainly about shrugging off the "penny share " image and the psychological effect on investors etc. It may be expensive but it's a rebranding of the company and, maybe, a marketing exercise. Also worth bearing in mind that further news might have elevated the SP before the EGM.
To quote from the agm statement:

"Finally, the Board would like to take this opportunity to inform shareholders that it is considering undertaking a share consolidation in the new year. The Board is of the opinion that the high number of shares outstanding (over 3.3 billion) and the low absolute share price negatively affects investors' perception of the Company and considers a share consolidation to be in the best interests of the Company and its shareholders. A consolidation would reduce the number of shares outstanding and increase the relative price, which could be more attractive to a broader range of institutional investors and other members of the investing public. A proposal regarding the terms of a share consolidation will be put to shareholders for approval at an Extraordinary General Meeting, which will be convened early in 2022."

If it's good enough for the BOD, their advisors and the HNWI's, it's good enough for me!

Don't rise to the sirry irriot! RIP Benny Hill.

Huge potential. I wouldn't use the word "massive" to describe any risk. I think the last few days have hugely de- risked us.
Next news probably confirmation of no tox issues and consolidation proposals.
All looking good to me.

Potnak, that could explain why the broker won't allow the SP to get above 6p. Hope there's a master plan being put in motion.

Not that we needed to be reminded of what goes on but LSE is showing Circa £14m buys and £4m sales with a circa 5% drop!!

Ignore it. The tide's running against them. Lots of boxes ticked today but usual post AGM blues and some worries around consolidation (not from me- I'll be glad to see the end of the "Penny Stock" label)
Might be blue by COB today.

Dippy, please stop comparing VAL & SAR.
Val was run by a couple of leeches who bled the company dry.
There are no such issues with SAR.

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I don't think consolidation is a problem with a strong company like this and I am very likely to support it whether it's 100 to 1 or 25 to 1. There is no "street cred" in being thought of as a penny share! All looking good to me.

"While data analysis is still in progress, we are confident that the studies have met their objectives of identifying any organs or tissues that might be susceptible to high-dose toxicity and determining the appropriate first-in-human dose. The results received to date fully support our plan to submit this CTA for SDC-1801."

Seems clear enough to me. Results are good and therefore CTA can go ahead as planned. Just a case of waiting for the final written report.

Nice to see your return to the SAR forum James. I have respect for your postings.

Re first para, I was thinking the same.

Glenfidrich. Many thanks for that link.

Before this topic gets lost, I know WHY the MM's do what they do but it would be good to know HOW they do it!