Member Info for Lazarus2

So expecting to see matching trades for those last 2 buys then Potnak. Wish I had your faith in the system. MM's have many different levers.

Being encouraged to place an order on a 2fill or kill" basis or "at best price" basis.

They have tried buying this morning on a few occasions this morning with no success.

Fellow investors telling me they cannot buy on AJ Bell or HL. Waiting for sells maybe.

There is demand that cannot be filled at present

Fair point HBD - Got to be imminent.

Agree Potnak. I think there is a strong chance it will be a news release. It is the wording that is crucial so it may run along the lines of "dosing is complete etc:"

If dosing completed without any identified issues then that can also be stated pending data analysis. The Nomad will advise as to what they can and cannot state in a RNS. That process alone can add a couple of days if the RNS is sent back to Sareum for compliance reasons to be re-drafted. Re-submission would then take place via the Nomad. The wording would be critical IMO

I actually thought that the trial would finish next week although very happy to be proven wrong. Either way it makes little difference as we are so close.

Yes they did re-calculate. Not long now for news.

At least if it’s warrants then it will mean a cash top up for Sareum. Only a slight re-trace back to where we were.

It has got the hallmarks of warrants being converted. Hopefully not a distress sale or part of some poor sods estate. Agree that there is still chunky selling going on.

I suspect that everyone is locked and loaded ahead of news and nobody is selling. Who will blink first? MM's or shareholders? I know where my money is. MMs would certainly not be offering to take trades of 100k+ if there was a hint of bad news about. Seems to me that they are looking to load up with cheap shares as they know that news is coming. Just my take on events so far this week. The wheel is still spinning and I wish it would stop!

Thanks - obvious sell then. Hopefully get mopped up in short order. Onwards! And sideways!

Correct Smeggs. I never saw the trade myself. What price was the trade at?

Hi Colbalt. If they put the bid up then they would be buying more expensive shares whereas dropping the bid will generate fear and will encourage weak holders to sell rather than lose profit. Also the point I made earlier today was that the mm's (by taking the sp down) may well trigger stop losses and in both instances I have mentioned, the mm's obtain cheap shares.

No coincidence that they dropped the sp very suddenly just after 11 am (normal RNS time for Sareum). They obviously know when it is coming which is why they had the confidence to go fishing for cheap shares. Hope it backfires on them. There may well have been a few stop losses taken out, but it looks to me as if they are filling a large buy order.

If they are willing to take that amount Dick then there cannot be bad news in the offing. Just need to wait it it out for news

You could be correct on both points Mike. I hope nobody has lost any shares due to having a trailing stop loss in place.

Bit of a flash-crash. They are not having any of mine. Injection of fear close to news.

We are definitely scheduled to be at the Bio-International Convention in San Diego 22nd-25th June. Ideal timing as the Tox study will have completed and I am quite sure that Sareum will know how they stand by then irrespective of the fact that nothing official is released. That being said, I am expecting and end of Tox news release, hopefully, this week. But another week or two is neither here nor there in the scheme of things after all these years.