Member Info for elcap

Well they are willing to take 150k shares of me at 14.2p. So I think I'll hold on to them for now.

Whilst I don't subscribe to DP64's conspiracy theory that it was a deliberate sabotage act by SAR BOD. I di have a number of questions. Reading through the posts am I right in thinking SAR are responsible for the formulation of the delivery means? If so it is not 1801 that needs fixing but the delivery mechanism.

I remember Tim saying he would have to make a "dirty" version of 1801. Is this connected in anyway? I don't think it is but can someone with more knowledge clarify for me please.

If it ultimately does turn out to be a "SAR" issue, albeit delivery mechanism, not the compound itself. What does that mean for SAR and next steps?

If it transpires that SAR just made a mistake in formulation of delivery compound, what should happen to person(s) responsible, if anything?

I will do everything I can to get to this years AGM. I want clarity from the BOD. I still believe in 737, 1801 & 1802. However, silly mistakes or a series of unfortunate events is not sitting well with me.

I still have an issue with SAR's PR and their ability to turn every drama into a crisis. Can we not as shareholders force the issue and make them bring in a professional PR person?

Jeez I could do it for them.

I welcome everyone's thoughts.

Elcap

I hesitate to say this, in fact I can't believe I am saying this but SP needs to do another interview (and an RNS) laying out the positives.

Elcap

Also puts a new light on the Edison interview this week. Clearly it was SP's attempt to say. "Don't look over there, look over here". He was trying to get everyone excited about BBB etc to move their focus from SDC1801 because he knew the trial was going to have to be pulled.

He would have been better off waiting a few days then do an interview on all the positives learned in the trial, albeit a trial that was cut short prematurely through no fault of SAR or SDC1801, which was performing with flying colours.

Misguided and Misjudged. Although well meaning.

Elcap

Bristol Myers joins in vivo CAR-T race with $1.5B Orbital acquisition.

There's plenty of deals being done at the moment. That's another positive. SAR - Always the bridesmaid never the bride.

Well they say there is someone for everyone. Maybe that certain Mr Right is just around the corner.

Elcap

on a positive note we now know that sdc1801 is safe. it even outperforms the placebo! this mirrors the findings from the phase i trials in oz.

this is info we didn't know about yesterday. whilst the test will need to be redone, it does massively increase the chances of sdc1801 passing the test, it would appear sdc1801 did everything it was supposed to do. there is no accounting for the placebo not doing what it is supposed to do. (ie nothing).

so after the inital shock and frustration of the rns sdc1801 is based on the addtional info in the rns less risky than it was a day ago.

i tell you. you couldn't make this **** up.

i was (and still am) dissapointed with the wording of the rns. imagine the scenario that the bod were responsible for letting people know they won the lottery. they'd leave the lucky winner completely underwhelmed. you could see the winner coming off the phone call a little dejected.

they can turn a positive into a negative, and a frustrating situation which has some positives into a negative. and finally a negative into an absolute catastrophy.

please please please just for once bod please try and not make everything sound worse than it is. focus on the positives.

aimho

elcap

Whilst I love the BOD's science skills I am of the view their commercialisation skills are limited. That said I think they do have some commercialisation skills, even if limited. (It's up to SP to prove his worth now). I stand to be corrected and will be among the 1st to say I underestimated him if he pulls off a deal. Any deal that beings Shareholder value will be a massive win in my book. I'm willing to suggest he can andfor thatreason I have topped up again with another cheeky 26,701 shares just now.

You can vote on whatever share platform you use. Mine is II and it was easy.

Thank you for clarifying your position David. I for one agree entirely with all of your comments. In my opinion PI's are being played by the BOD. It happens too many times. We are always told :We had to go down this funding route as there was no alternative. Meanwhile the massive dilution and favourable terms issued only favour the money lenders and the BOD. As the share price falls they are never out of pocket, however the PI's are hit massively. It is basically transfering money out of our pockets and putting it in theres. We'd be better off with WONGA. I wish you every success in what you are trying to do. Good on you.

Elcap

Agreed Laz, I couldn't resist a little top up. 16857 shares at 21.49p. It seems SP misjudged with his interview. (although I'm sure well meaning).

If you ignore the interview then nothing has changed and 21.49p seems a more than decent price to top up at.

Elcap

Well FWIW I have registered a NO Vote. I only have 3.5M shares but I've done what I think is the right thing to do. After what happened with SAR when James Steel from PEEL HUNT was involved and the subsequent death spiral deal with RIVERFORT there is no way I would be voting for.

There are always alternatives to raising funds without the need to enter into these type of deals. With SAR it was the shareholders who stepped in at the 11th hour which enabled the company to get out of the deal with Riverfort. We took a lot of pain there but managed to get through it. The deal nearly destroyed the company and cost £££££'s, however we managed to survive it. In the case of GDR, it sounds as if there are PI's with deep enough pockets to purchase the shares required without having to go to a money lender of last resort. I am always amazed the amount of warrants that are attached to the deals with these types of lenders. Why not just offer deals at those levels to the humble PI's. The people who the company owes for the companies existence. The ones who have been funding all the salaries etc. Apologies for rant but once bitten twice shy. Fingers crossed GDR get through this. The future could be very brightfor GDR but in my experience, it won't be if the YES vote wins.

AIMHO

DYOR

GLA

Elcap

I don't have an issue with massive dilution. On one condition, and that being:

PI's are given first dibs. Once PI's have satisfied their appetite the remaining shares (if PI's are not fully prescribed) are offered to re-financing organisations on the same terms as PI's.

Elcap

I think it is worth pointing out that (from memory) I believe James Steel was the PEEL HUNT employee who was involved with SAR and when SAR had a near fatal share restructuring with Riverfort. SAR (in my opinion) would not have recovered had it not been for PI's stepping in at the last minute to save the company. SAR's survival from the "death spiral" funding deal was nothing short of miraculous and I believe could not have happened had the PI's not managed to turn things around.

AIMHO

DYOR

You can interpret the interview one of 2 ways. One positive and one negative. If there is a buyer / buyers in the background then interview only adds to potential value of SAR. Basically it is SP saying to them we are more than 737, 1801 & 1802. So up your price. OR there is no buyer / buyers in the background and it's more dilution and more jam tomorrow, without actually ever delivering on the jam that should have come today.

Option 1 means we were NOT the target audience for interview and therefore how it goes down with us is irrelevant.

Option 2 means we were the target audience, and if that is the case then SP has badly misjudged the situation.

All interview has done is create more uncertainty. I am very much of the mind that we need someone at the helm who can deliver. If SP had worded his answers better he could have sent the same message to potential buyers whilst also sending a message to Shareholders that there is a plan and execution of said plan is still on track. A positive message could have been received by both buyers and holders.

He always seems to fall just a tad short. Yes SAR are not failing, but they are falling short of where they should be. Is history repeating itself? Only time will tell. I am still very confident SAR will ultimately get over the finishing line, in footballing parlence, we have a great team creating loads and loads of goal scoring opportunites, however we don't have a world class striker to convert them. He will get some but will miss more than he scores. It doesn't make him a bad striker, but he's not world class. SP - you need to start scoring!!!!!!

AIMHO

Elcap

I agree with Potnak. It's great having all this potential but SAREUM has always had bags of potential. It's about time they actually got something over the line. They need to deliver on the potential.

Elcap

Happy 59th birthday Steve!!!

Maybe Sareum will deliver you a belated birthday present on Monday (akin to Marilyn Monroe singing Happy birthday Mr President to JFK).

Now there's a happy thought to mull over this birthday evening!!

Elcap

Everything is upside as SP is above my average. I would prefer a T/O so as not to have to worry about top slicing etc. Ultimately personal finances mean that ideally I would like min £1 per share. But if next RNS is positive on 1801 then we could see SP of £4 - £5.

My 5yr fixed rate mortgage is up in 2yrs. I would love to be able to pay it off in full when fixed rate expires. £1 gets me 60% there. £2 clears it and give me money in my pocket which means I won't have to use lumpsum from pension. (Which I can also get in 2yrs) or from my savings. At £2 it means I will be able to retire or set up my own consultancy company. I am 53 now so what happens in the next few months can be literally life changing (or not) for me.

If it all goes pair shaped then I still be alright (my wife and I are fortunate enough to have very well paid jobs) but I'll probably have to carry on in my job until I'm 60.

GLA

Elcap

If and when the SP moves, it will move quickly. It could very be at 30p by COB Friday.

Here's hoping.

Elcap

My preference would be for SAR to be bought lock stock & barrell, and whilst I think this is a possibility the most probable outcome is a deal on 737, gets some money in the bank and we roll on with 1801/2 etc.

Whilst I would prefer a complete sale as that would be one clean event. I'd not be upset if SAR go down the longer road of separate deals and continuation of trials etc on 1801/2 etc.

As long as they get something done in respect of "meaningful tangible" deals that bring in funds I will be happy.

I will not be happy if the can is kicked down the road again. For the record I don't get the vibe that that's what going to happen. My feeling is that we are now on the cusp of some news that will be very positive and provide the boost to the Shareprice back to a level I believe it should be at.

AIMHO

Elcap

Thanks for sharing DP.

£1.76 would be fantastic. Great to see some positive forecasting. £4+ which I agree is not unreasonable for T/o would be great. (If that happened I would be handing in my notice the day after monies received in my account). Again it brings me back to Dr Parkers comment :"If there is a AGM next yr".

I have to admit I am getting a little excited over prospect that this journey with SAR, that I have been on for well over a decade may be reaching it's climax.

Elcap