RE: Confidence27 Oct 2023 14:44
I think everyone here is disappointed with the sp and the AGM may well be lively. The BoD won't be releasing anything price sensitive at the meeting that hasn't already been subject to a RNS - so lets get that one out of the way.
I am with Ahfam when he states that there is a disconnect between Sareum progress and the sp drop.
I can also empathise with the comments earlier today that Sareum requires a commercially minded CEO.
We could get news in relation to BIO-Europe 6-8 November held in Munich. It is also a big opportunity for Sareum to Network and to show off their wares.
We could get a trial update. I will ignore 737
It would be right to hold the BoD to account, but I do not think they have done much wrong. We all have absolutely no idea what is going on behind the scenes, what NDA's may or may not be in place . NDA would certainly explain some of the silence. I also think the BoD may well have expected an inflow of cash that never arrived for whatever reason. We all knew a cashcall was coming. Liken it to trying to obtain a mortgage with a poor credit score!
Directors are damned if they do and damned if they don't in most instances. They are also governed by strict rules. Breaching rules and NDA's would be serious for both the individual concerned and the Company.
I am not saying that everything has been foot perfect but I think the BoD have every right to defend themselves but may also find that they can't provide full disclosure within their responses. The sp? There are plenty of traders here alongside Maj/Puma. Best of luck and hope you all make money. My focus, and that of several holders here, is on newsflow and the longer term. We will also make money from our different strategy. Some of us still are. Just a look at the market cap will tell you whether Sareum is fair value, poor value or good value.