Aber - this needs some clear thinking instead of the constant hand-wringing that is evident here. A crisis has been averted and the BoD have all bought shares. Yet many here just want Parker out and continually feed the negative doomsters with ammunition to spread FUD and to go short.
People need to get a grip and stop trying to create a bigger mess. When navigating a storm you don't throw the skipper overboard! Can you imagine the effect on the sp if any or all of the BoD resigned or shuffled? Carnage will follow. I strongly suspect a lot are trading and creating FUD. I am in Billys camp and will vote against any negative motion. I know a lot of others who feel the same way as myself but don't post.
RF holding etc: and the BoD out are all Red Herrings. Wait until calmer waters before you call for heads to roll. Other than that it appears to me that there is a lot of fake outrage out there in order to promote the sp drop.
FFS guys! Cross the bridge when we get to it in 2025. Why are you all hand-wringing as if it is an imminent repayment with a massive shortfall due to us hitting 1p? Let time eat into the problem and understand that cash could still be used. Jeez! Like all here I really want to see RF out or neutralised. This seems to neutralise them after Friday and I would not be surprised if some have been forward sold.
It may well be that by committing to issuing shares by the maturity date in August 2025 it just sits as a deferred liability. To commit to cash repayment when we have so little may well require the cash to be accrued and not used. A lot should have changed by Aug 2025 including any future cash position so a cash payment could still be made under the said Terms.
Thanks HBD - yes I am mindful of that and the RF warrants yet to be converted. I would not predict sp as it has a habit of biting back. All good here now particularly as "The Ar5e Formerly Known As Puma" (TAFKAP) has disappeared. Presumably shorts have closed and Sareum no longer in "distress sale" mode. Barring bad news I am expecting a smoother passage to higher levels
Morning Aber - not necessarily disagreeing with you but any short positions will be closing out before news which will further support any buying. Not many sells at this level and mms will need to take it up in order to attract meaningful sellers.
As mentioned last night, mms showing sp as down due to last nights u/t. They love obfuscation and manipulation
Opening tomorrow will be interesting. 14p was a U/T whereas the later trade is a sell. So anything below the 14p U/T tomorrow will show as a sell and could be used as a mm scare tactic from the off. I appreciate that most on here will know that but it may help some that don’t.
Agreed - I have mentioned this a couple of times recently - maybe our BoD has been more astute than many on here give them credit for.
Even Puma stated that the City would have raised at a huge discount to the RF deal. In essence, the City will take the shirt of your back.
Agreed Silverfoil - it was a real surprise to me that we didn’t raise just after consolidation. It was the one major error that I think the board have to hold their hands up to. Unless the City wouldn’t play ball of course at that level due to there being no revenue and no science having been validated through trials.
PH allegedly went short and could have colluded to pick up cheap shares as RF sold down. RF made their money back so didn’t lose out due to additional shares being issued. Who will ever know unless there is a City watchdog investigation or somebody like Jeff Prestridge gets wind of what has happened here and over at Genedrive who were also mauled by the same combination. Too lightly regulated and with conflicts of interest largely ignored. I agree with Potnak observation about the shorting ban petition - too broadbrush and, even if debated, would get voted down. Politicians, Banks, Finance Houses and Hedge Funds all have their snouts in the same trough IMO and won’t ruffle feathers. To be fair, these cheap shares are a gift if you believe that Sareum can succeed and we need to play the game in order to make our own profits.
Fanti - the AIM is full of fledgling companies with no source of revenue and who have to rely on raising cash via placings. They all aspire to “make it” and move up a league once they have struck oil or gold or found success of some other kind. They cannot make progress without funding. That is what I was referring to. Where would you anticipate funding coming from if not from the City or shareholders? Sad fact of life I’m afraid
Big signals from the BoD that they are very much with us. Very encouraging. I think the 200k is a sell Colbalt. Sells were 10.52p this pm. The 150k is a buy.
@Potnak - no point in over thinking percentages etc: Fledgling companies need money which is why they are here. The why’s and wherefore’s are immaterial as without this we would not progress. The thought that this is the last chance for the BoD is a bit of wishful thinking I’m afraid as if they needed to raise again for 1801 ph2 or 1802 progress I am sure that we would approve it rather than hit the buffers. It’s what AIM is for. I think SOG and yourself were at cross purposes with values etc: as you both made reasonable points.By loading up at these levels and increasing ones holding it would mitigate the effect of the dilution for very little outlay.
Follow the news and/or corruption! We have crossed a very difficult hurdle and we should be pleased.