Member Info for GlenFidrich

So, the price action here recently is baffling, to say the least. The latest RNS, whilst thin on detail, was positive - a "steady as she goes" type of missive from the board. The believers will say this augurs well. A licensing deal may well be just around the corner. Hold tight! The skeptics among you will no doubt worry about future funding, and not without reason. How is Sareum going to finance phase 1b, let alone phase 2a? They will see an opportunity to trade their shares, because they've seen it all before. Good luck with that, is all I can say. But what I'm seeing is unbelievable levels of market manipulation, and not just in the AIM market (and SAR, specifically). Look at the commodities markets - gold and, in particular, silver. Those shorting the market are taking huge risks. At last count, for every one ounce of physical silver, there are approximately 120 paper silver ounce contracts. This means that the real price (which should be much higher) is being suppressed so that the large bullion banks can cover their shorts. I feel that the same manipulation is manifesting itself on the AIM. Why are so many companies taking flight from the London market? It's precisely because the odds are stacked against the small investors. It's no longer a level playing field. I think it was Katstrangler who said today, once the sp reaches a certain level, he/she would sell, never to invest again in an AIM company. Increasingly, I am beginning to concur with that point of view.

So, today has been a classic case of "sell the news". The reason being, we are still suffering from the RiverFort financing deal and the hangover that it created. The ridiculous collapse of the sp (thanks to the RF deal) and subsequently the bargain basement raise has enabled all the city spivs to short the sp down to 10p, then to buy back big, only to sell on what everyone knew was going to be positive news. 10p to 50p - a cheeky 400% profit. Why not? Once the traders have exited, we should see a return to fair value (roughly 70p - 100p). But today, whilst disappointing sp wise, was needed. Flush out the weak hands, and onwards and upwards for the faithful. Licensing deal/buyout can't be too far off given today's RNS.

"Indeed the wait continues. My patience is holding out (barely) but I think the positive sentiment is beginning to wane and the mm will really go to work next week. We’ve all seen it here before being walked down." Happy now, Lsesar? Your laundry bill will be much diminished. Happily. Patience is the key, my friend.

...we're back to the same old question - are you a trader, or an investor? The traders are, perhaps understandably, wetting the bed on every penny drop (on thin volume, by the way). Whatever meagre profits they're sitting on are gradually being eroded. My heart bleeds. The investors amongst us have, indeed, "seen it all before" and are holding steady (despite the obvious frustration, the market manipulation, the MM games - whatever). But why, Lsesar, if you've seen it all before, are you wetting the bed? Your posts suggest you're a trader, not an investor. If I'm wrong, then I suggest you chill. News is imminent and the patient will, hopefully, be rewarded. Although I could be wrong on that, too!! All best all.

Results will be released as and when. In the interim, the traders will trade, and the LTHs (too scared to miss out on the rise, should the news please the market) will hold. It was ever thus. It's hugely frustrating for the faithful, but if you're not in any hurry, I'm convinced it's worth holding. Just be prepared for your patience to be tested - yet again.

It may be nit-picking, but maintaining an up-to-date website (free of glaring errors) is important. The website, after all, is the portal to discovering what Sareum is all about. Moreover, to a greater or lesser extent, it reflects on the professionalism of the company (which, in the past, has been questionable - witness the whole squeaky chair episode). Such apparently "minor oversights" start to undermine the credibility of the company. Was MHRA's refusal to approve SAR's CTA application a result of a "minor oversight", because if so it cost the company and us dear? I'm with HofG with the notion that the devil is in the detail.

Not sure I follow your logic there, FunnyGuy. The pivot will come with news, which I suspect is still some weeks away (Q2/24). What might determine the short term direction of the SP will be volume. Thin volume and the MMs will walk the price down, but that will hardly constitute a "pivotal week". It will merely signify MM games and an attempt to flush out weak hands. Just my opinion, fwiw.

In fairness, colbalt, one could forgive Warty for being a tad pessimistic. He's watched his investment in SAR pretty much go down the toilet, and then to cap it all he takes a tumble while minding his own business out shopping. I think I'd also be feeling a bit gloomy about life if that had happened to me!

Hang in there, Warty, you'll be fine. Anyone who has remained invested in Sareum as long as you have (with all the trials and tribulations associated therein), has the resolve to overcome anything! Best wishes.

"Falling heavily in supermarket", while making a bee-line for the booze section? Respect! Wishing you a speedy recovery, sir.

Nicely is right. The sp did hit 10p to buy (prior to consolidation), albeit briefly, intraday. I was glued to the screen in those days, wondering how much higher it could go. Now I dare not look. It's like watching some horror show. As for today's RNS, there are definitely some positives, especially that the HNWIs seem still to be onboard.

Not unexpected. I feared a lower placing price, to be fair.

The list was courtesy of a gentleman called Brighty, I think. I agree, Potnak, things could turn around very quickly here. Remember, March 2020, 0.25p, to 10p (intraday) in July 2021. What a ride that was! Let's see tomorrow...

Claretsmad, the only lies I see are from those with an agenda to destroy the sp. Those guessing or speculating are doing so precisely because the agreement with RF is so opaque.

"The act of making something less clear and less easy to understand, especially intentionally." Does this ring any bells with regard to the RF financing arrangement?

Basil, I suspect interim results will be published on Thursday. Then there's the Easter break. Perhaps an investor meet will happen next week, and maybe announced on Thursday. Who knows? It's the blind leading the blind here at the moment.

Blastoid7, when the sp was skyrocketing, I'm pretty sure they issued speeding ticket RNSs to thwart the upward movement. But nothing when the sp is collapsing? Poor show. Who in their right mind will invest here when (a) the whole financing issue is still up in the air, and (b) the board are showing such utter contempt for their shareholders, many of whom have had their backs through thick and thin. If I can break even, I'm out at the earliest opportunity.

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To be honest, Zed, anything to stop the bleeding.

Aber, I share your concerns. One sure-fire way of destroying confidence and creating uncertainty is to allude to funding issues but then offer no concrete solutions and leave everyone hanging. The only glimmer of hope was the phrase "has taken steps to preserve its immediate capital utilisation", suggesting in typically vague terms that the BoD are tightening the purse strings and hopefully deferring their salaries until this whole financing fiasco has been sorted, if indeed it ever does get resolved. Increasingly, the Sareum directors are being made to look like a bunch of rank amateurs, what with a seemingly abandoned HQ, TM holding shareholder meetings with a squeaky chair soundtrack, and crucially a distinct lack of commercial nous. I have held for ten years, but patience is wearing thin I'm sorry to say.