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Looking at the recent buy and sells the pattern seems to be more buys than sells until RF comes in after hours. Personally I have been buying in small amounts over the last few weeks. Have accumulated 10,000 or so in that time and it's bringing my average down a bit. The way I see it, 1801 is going to plan and 1802 will benefit from what I believe will be good news for 1801. There was a move here for shareholders to at least fund P1a to the tune of 300,000. The BOD have an alternative an via a placing that will be open to shareholders, if necessary. With good results for 1801 and a proper funding scenario, this should recover. And yes Reality 10, not having a Friday afterhours rns is helpful.
Looks like another RF sl afterhours, appears to be a pattern. Could mean that they will be close to selling the remainder of their 1.5 million shares by the end of next week, or soon thereafter should the pattern continue. That would be a relief.
Hope you have an enjoyable and informative day.
If any of BOD read this bb it'll be intriguing how they react and respond.
Good PCS that you are in communication with other sar investors who do not message here and that there is proactive communication in relation to finance, even if the BOD are not giving anything away. The stakes could hardly be higher. Good luck all.
Say a HNWI put in 1m, there is no reason that we could not add the other £1m.
For example if 200 on here individually or in small groups put in £5000, that gives you the sum.
400 would make it £2m. I have no idea how many on here would subscribe, but PSC appeared bullish on that.
Perhaps they are funded to end of p1a, though it did not say that in the awful rns on Monday. If we are then that should be stated another rns immediately. We don't want another blood sucking vampire loan like RF ever again. If we are funded until the end of p1a, then we should concentrate on finance for p1b if needed. Think it would send a strong message to the market that we can arrive at our destination intact. Even part funding P1b might suffice as it would not need as much to borrow and probably get much better terms, I hope to think. If it is not feasible to get one of the investors here on the board, how about a liason representative who could communicate with them frequently and keep us informed and up to date.
It's been a tough time for many on here, we deserve our place in the sun.
The night is long that never finds a day.
Thank you PSC and SOG for developing this idea. We could be facing a lights out situation if funding is not secured. We have watched our investment bei g destroyed by the funding issue. I am prepared to be involved in the fundraising and offering 3 ×1000 at this stage. The potential is huge and its critical that p1a and p1b are completed as soon as possible. I agree that the BOD scale back expenses wherever possible in order to get us over the line.
Does not make sense that they can't raise 300,000
Enough people on here I'd say will bail them out if no other option. Deferred BOD salaries for 6 months would amount to that.Im with potnak on potential great rewards if got to end of p1b. Here to the endgame.
That's an interesting suggestion potnak. Have to admit I'm a bit confused as I believed that the final 300,000 from RF was to bring us through p1b.
We we are where we are and the BOD believes that top notch results are on the way, subject to getting the funding to get to the end of p1a. I would imagine that there cod be 100 holders here who would be prepared to put 3, 000 each into the company, in lieu of shares. 300,000 is not a a great amount relative to potential rewards. It is encouraging that SOG is bullish about our safety and effacy.
A raise is another possibility, but at what price
This company must be saved as a license after p1 is very realistic.
Don't know much about corporate and the shenanigans that no doubt occur. However we the shareholders are still the owners with little corporate involvement. Crucial that we don't go bust or into administration as we'll be given an offer that will be disastrous. Barring that we have control of decisio n making. This company has by all accounts excellent and patented molecules. Crucial that we get the results of P1a shortly. Perhaps that can steady the ship and get some confidence back. We need to be properly informed as that awful RNS has everyone in a heap.
A question and answer session with the BOD would help if such could be organised. An EGM perhaps if we cannot get more clarity.
Apologies for the ramble but that's where my mind is after this awful day.
Final question. I'm unclear where we are with RF. Do they still hold a great many shares to dump ?
Don't know about delayed salery for BOD, but they did it before I think and they can do it again. Don't know either what other options, if any, for financing, other than RF, but they could hardly be worse than RF. Surely a raise could have been organised at around 70p or so ? The onus is now on the BOD to arrange alternative arrangements for funding as soon as MAD is completed and assuming the safety results are in line with expectations. Can't imagine enduring another nine months of 1000 cuts bleeding us dry.
Come on BOD, step forward.
Great news. Assuming top notch safety results from P1a, you would expect financing to become easier to secure as the risk is massively diminished. Far play to SOG and others on here who stated that he had 100% faith in 1801. If we can hold on till the end of 2024 it could reward us all handsomely. To say that the last 12 months has been tough for many on here is an understatement. The dawn is breaking at last.
Totally agree Seawolf. Share price has been massacred by this outrageous loan deal. Question, was this the only option available. Surely they could not have negotiated a worse deal. If there are still any other options out there, then they need revisiting ASAP.
Good news indeed in the future for tmany cancer sufferers who relapse because of DNA cancer cell repair and replication. SRA737's future should never have been in doubt. We done to our holders. Onwards and upwards.
Silverpoint. The observation of where the current SP should be at around £2 is very welcome. Just reiterate again that with yourself, PSC and gunner attending in person, I agree that you were able to get a more nuanced view of where we currently are from a range of of investors, management and others present. potnak makes a valid point about the RF drag and the sooner they are history the better. Interesting observation from cobaltblue about the measured financial management of Tim and Co. The real boost should arrive with the safety results which should be good, with no red flags showing at this late stage.
Just an observation that some of those who attended the AGM appear somewhat more positive about the proceedings than those who tuned in. The negative reaction is understandable but the trials are proceeding in Australia without any apparent negative news. The science will determine the outcome presumably.