Member Info for Doc83

I must admit, I also don’t understand why BP wouldn’t just buy us out. They’d probably be able to bag SNG for £1/£200m all in the way it’s going. A little bit more to top up the cash we have on account, do a P3 trial and be done with it.

My biggest fear has always been that somehow the little PI very often gets shafted by companies that hit hard times. I really hope that doesn’t happen here.

Andybe4 now talking to himself. Whatever next.

Posts like that of Positive Vibes are good to read. Posts saying I can sell all of my millions of shares in one hit so there must be a big buyer out there and the SP then falling again from 4.4 to 4.1p, are not useful.

Nothing else matters than the LP. Even velociraptor. If the market sees we can’t get the LP on one oil find, it won’t be convinced we’ll get it on another. LP needs to land sooner rather than later or this will continue to drift all the way back down in a matter of weeks.

Ghia - I would say I probably agree with your posts more often than not. But I have to disagree with this:

“ The board owes the PI nothing.”

They definitely owe investors, especially those long suffering supporters who took part in the fundraise, their best efforts to turn this around for the benefit of all current shareholders.

This from the CFA Institute probably sums it up:

“The key purpose of a company’s board of directors is to ensure the company's success by directing the company's affairs, whilst meeting the appropriate interests of its shareholders.”

Now, if you’d said “the board probably thinks it owes the PI nothing” you might be right.

I honestly think spacman is Andybe4 and he’s just trying to play with everyone. Don’t forget he has form for this.

Where’s PhilipTan?

He’s pumped and now dumped.

How old is that Bill Gates clip?

Could SNG be described as an “inhaled blocker” as he puts it? And are there any other known drugs being trialled that could also be described as such?

To be fair I’ve been here since mid 2021, so by no means a LTH, but equally I’ve been invested long enough to realise things move at a glacial pace here.

Master/Ojay - there could be a big sell order being worked for all we know. They only have to book it out as one trade at the end of the day. In addition, if it's very large then transaction reporting rules used to allow extra time to report, i.e. not that day. Although it's been a while since I looked them up so they might have changed.
I think we have to be careful saying there's a large buyer or seller cos they can take all my millions of shares in one go. There's many things that can affect the price over and above more sells than buys or vice versa, as we are seeing.

But in the end it ultimately comes down to the LP. January is nearly over. If we don't get the LP within that 1-3 months that was told to us, then MB should communicate and update investors. The update might be that there is no update. Fine, but keep us informed.
I thought I'd steal this from a poster over on another BB I frequent. Very apt for many AIM stocks and I think MATD and MB, who haven't been the best at keeping us up to date:

Geraint Anderson, CEO of TT electronics plc: “You must have regular dialogue with investors and analysts to build trust and credibility. You need, first of all, for the investors to understand your strategy and then you need to build their confidence as you execute that strategy. You need also to be very clear in setting the expectations as you will always be judged on what you said you will do.”

MrCosts - did you put the life savings and pension into Synairgen? You really are too worked up about all this.

MrCosts: “Gunto - the share price is clearly reflecting the activity of the company.”

It is clearly reflecting the activity of the company THAT WE KNOW OF. It MIGHT not be pricing in that which we do not know. Read up on inefficient markets. Hopefully there’s lots going on that we haven’t been told about, otherwise we really are screwed.

I agree and don't think February 21st will mean Polygon coming in with some low ball offer. But the fact an entire year will have passed by with no materially good news or clear path forward for the company would not look good at all.

That said, I am still confident, hopeful that common sense will prevail and SNG001 will be given the opportunity to prove itself one more time. Common sense because Covid (and respiratory viruses in general) is still a potentially big threat moving forward and surely the likes of the NIH/NIHR will not take their eyes off the ball and make sure therapeutics continue to be developed. Because let's face it, their ain't much in the cupboard to use right now! Common sense because SNG001 did have excellent P2 results, missed out on P3 because of poor trial design, not being powered enough and yes, maybe poorly managed from Synairgen's point of view. Common sense because we did pass ACTIV-2 P2, which not many did and unlike the NIH did with SAB, they haven't formally at least dropped us like a hot potato.

I could go on, but I do acknowledge MrCosts point that the comms isn't great. Even if they can't tell us anything, be visible, give us a few smiles. And as utterly mental AB4 is, we do have one drug and everything is riding on it. So yes, massive risk, albeit we have suffered big losses already so if it goes to £0 would it really be anywhere near as painful as Feb 2021? But that's also why there is potentially massive upside. It's called risk vs reward.

Thanks, Dozzawba.

Mildly reassuring. But Philip Malone has been on this for a little while now. Why is there still no LP?

Starbuck - couldn’t agree more. I hope the British embassy are having strong words.

Lol, master you said Feb LP!

I predict
This week new blocks = 6/7P
Feb LP =9/12P
March Rig for block = 12/15P
APRIL Drilling =15/ 20P
BLOCK 20 workover =20/25p

Master - I owe you an apology. You did indeed say February for LP.

Who’s talking about new blocks?! We have a block where we’ve found oil and need to get it out of the ground! It’s clear we were talking about LP for Heron.

Master - I have a relatively small holding here. While it would be very disappointing if it goes to £0, it’s most definitely not a holding where I’m ****t.ing myself. If it gets to 15p, then maybe.

Master - you were pumping this to high heaven saying the LP is going to land any day. Now your timescales are getting further and further out.

If we get to November with no LP, the SP will be less than a penny. To me, it is surely inconceivable we get anywhere near that point without the LP… what would be the reason? We either get it by April, or I fear we’ll never get it.

bigbench - have you watch the interview/presentation with MB where he makes the 1-3 months comment? He says it almost with exasperation, even saying he commented almost sarcastically to the minister how long we’ve already had to wait.

spacman - I’m still suspicious of you. Your first posts here, all about SPACs, and you also made your username spacman?