RE: Shake my head16 Feb 2024 13:15
Lazarus,
"Sitting on the fence" haha. It's called changing one's mind and adapting to the information in front of you. Of course I was was positive when I bought my shares. I still think 1801 should have great value once the efficacy data is available. However my belief in Sareum, the company, has has been destroyed. The first big red flag, and the one that started the massive SP slide, was Sierra returning 737. It shocked me to be honest. It also made me very weary of the rampers on this BB (WIP, where is that charlatan?). The second red flag, was the MHRA not approving the P1a trial for 1801. We deal with them all the time and it's really black and white. Fill in the correct forms with the correct data and you get your approval. Delays are an issue but eventually they get there, IF everything is in order. Then there was the RF financing as the third red flag. I read and understood what was going to happen and I sold the majority of my holding. I've been looking for a point to buy again but I don't see a bottom. It's not worth selling the rest of my shares now either. The next £2.7 million from RF is not guaranteed (Mathsprof even did the calculations) so P1b funding is not guaranteed. Even if they do get the £2.7 million then RF will have more than double the shares to sell than they have already received! Where does the SP go to then? The P1a readout and potential spike on news of P1b starting will be heavily sold into by RF and shareholders alike, which will just suppress the SP even more. Any licencing or TO negotiations will be from an extremely weak position. So I will leave the shares I have left as a lottery ticket, but I'm fully aware im likely to lose my money. There would have to be some fundamental shift for me to buy more, because of the value in 1801. I just don't see how Sareum are going to extract that value.