Member Info for HotblackDesiato

Now that the tox outcome is officially confirmed, it's fair to assume institutions will now take SAR very seriously.

I'm wondering if we might see some movement from large investors in the coming few weeks as we approach the new tax year - anyone got any thoughts?

Krone - thanks for posting the link.

From the report -

"While we have currently deprioritized development of SRA737, we are exploring options for future development of this product candidate, if any. However, there can be no assurance that we will successfully obtain development support or the funding, through partnership or collaborations, necessary to advance SRA737 on commercially reasonable terms, or at all."

and

"In September 2016, we entered into an exclusive license agreement with CRT Pioneer Fund LP (CPF) for worldwide rights, know-how and materials to develop SRA737, a small molecule inhibitor targeting Chk1, a promising therapeutic target to treat cancer. If we fail to meet our diligence and other obligations under the license agreement, we could lose our rights to this technology."

and

"In addition, because of the extensive time required for clinical development and regulatory review of a product candidate we may develop, it is possible that, before momelotinib, SRA515, or SRA737 can be commercialized, any related patent may expire or remain in force for only a short period following commercialization, thereby reducing any advantage of any such patent."

I presume that last quote is just Sierra covering their backs in a 'don't say we didn't warn you' kind of way.

Anyway, my take is we shouldn't hold our breath for SRA737 money any time soon.

Although the report considers SRA737 to have great potential, it seems Sierra doesn't have the funding to do much with it for now.

Regards.

David7015 - "This practice cannot be fair and has to be stopped. There also needs to be a tightening of the rules where all trades are reported promptly."

You're not the first investor to point this out but people still queue up to play the game even though they know the game is rigged. With SAR you just have to remember it's a marathon, not a sprint. I just hope we end up with more than a tinfoil blanket and a case of jogger's nipple.

Ruga - From what I gather MMs can see your stop orders and if there is no liquidity it takes almost no shares for them to dump and trigger your stop orders down, you are helping them crash your stocks.

https://www.quora.com/Can-market-makers-see-stop-orders

https://www.elitetrader.com/et/threads/stop-hunting.347683/

Hi Ahfam,

Today's rollercoaster won't go unnoticed by potential HNW or institutional investors looking in from the sidelines. If the drop can happen once, it can happen again....and again....and etc. How do you pick a time to invest with that going on?

I imagine this turbulence will continue until we get some announcement that the tox is good (no more detailed than that) and the CTA is being prepared. Only then will we see some significant increase in sp.

Regards.

Question is, was this all PH's work or must Hybridan also have been party to the clusterfork?

I presume if official complaints are made then the MMs will have a long list of 'contributing factors' they can use to obfuscate and deflect any accusations of wrongdoings.

Hi Notalot,

I suspect they will always have more red ink than blue!

https://www.asktraders.com/analysis/sareum-sar-shares-are-down-54-9-in-2022-despite-a-reverse-split-whats-next/

I was amused by a line in the above article, 'However, it appears that nothing will save the biotech company from the sellers who are entirely in control of its share price.' Now there's a novel thought, sellers rather than MMs control shareprices!

Hope you're doing ok,

Hotblack.

Hi Bailiff,

Hmmmm, quite a pickle, however you always have options -

1. Remind Mrs. Bailiff that she knew what she was letting herself in for when she married you.
2. Point out the science hasn't changed and that you could've been invested in a Russian mine instead.
3. Pull her pigtails and run away.

Let us know how you get on.

Sorry for the post but it's a sign of the times.

To dismantle an organised crime group, you don't go directly for the top man as they just get replaced by the second in command (which scumbag wouldn't want the money & power that goes with being top dog?) Similarly, locking up the local drug dealers only results in new faces appearing on street corners. The way to do it is by targeting the people with the most connections & influence within the organisation - they are the link between the orders from the top and getting things done on the ground. They also know where the money goes.

Putin runs a crime syndicate so sanction those middlemen who choose to enact his policies.

https://www.theguardian.com/commentisfree/2022/feb/23/obsession-sanctions-oligarchs-putin-hurt-russian-leader-ukraine

For those looking to move £20k worth of SAR shares into their S&S ISA next month, just remember that if the sp remains as low as it currently is, you'll be moving far more shares out of reach of the taxman than if we were sitting at £4.

Keep your eyes on the prize.

Princemince - yeah, me too, give it 5mins to catch up......I hope!

KBundy - the reply will simply be 'we do not comment on the sp' (it's the standard reply to any sp questions)

Batonrouge - are you saying VP isn't one of the HNWs?

Hi Thoth - looks like Roman is safe for now so you might need to choose another distressed seller -

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1057537/Russia.pdf

Patience is a virtue...

RNS 6pm Monday saying consolidation is happening.
RNS 11am Tuesday saying tox good and partnership agreed.

SP at close on Tuesday £4+ and there was much rejoicing.

;-)

I'd wondered the same but the related RNS shows that trading will continue as normal and whatever the sp is at the end of the day on Monday is the price we consolidate at (assuming it goes ahead).

Hi Lazarus, yes, definitely time to up their game. It would be quite amusing though if we get a big new investor then the BoD dumps PH. He who laughs last etc.

Hi LeM - when the EGM was called I did wonder why it was being done now rather than at the end of the year - my assumption being we don't need to attract £30m investment just yet and 10mths or so would allow more news and a higher sp prior to a consolidation. I just wonder if a big investor wants to move now and we might see a whopper of an announcement shortly after the EGM (assuming the vote goes through).

Whilst the consolidation could be voted down, I doubt it will. The benefits of it have previously been discussed but for those still unsure, an analogy might be car dealerships. Would you rather have a turnover of X from a chain of secondhand dealerships or the same turnover from one Rolls Royce dealership? Same money but different public appearance.

I think if the consolidation goes ahead then we'll see a big deal shortly thereafter. And if the investor doesn't think Tim is capable of taking things into the next stage then you can be certain that the money will have caveats, such as the BoD making way for the investor's own choice of director to ensure things are kept on track. An potential investment in the tens of millions comes with strings attached.

Just my thoughts,

Hotblack.

Thoth - is this going to be like Scooby Doo and when we pull your mask off, you turn out to be the janitor, Clive Birch?!?

It's all been a double-double-cross with 3 switcheroos! And you'd have gotten away with it too if it weren't for the trail of wotsit dust!