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The manipulative formula remains in place -
Low selling price to suit RF -
Low buying price to suit Broker clients.
I wonder if the mms are forward selling drawdown shares yet to be reported?
I don't have an agenda DeAr - unlike you. I have stated that I am a positive poster. The Ph1a trial is merely now establishing dosage. It is safe and is deemed as such by the Oz Safety review committee.
Have a look at the sareum website and view the pipeline . That is where I am getting my positivity from. RF is a real drag on the sp and we have further to go.
So c'mon then, get off the fence, get the splinters out of your ar5e and state a firm opinion about where you think this will go and why. Easy to be an armchair critic/keyboard warrior.
Yours and others to call then Bluenose. Puma was pilloried for his gloating and mocking of Board members intelligence. Whether it drops further or not is of little consequence at this level. You post as if buying and selling is a precise science. It is not. I am a positive poster and I think this is a bargain price. I have already discussed hindsight management v foresight. These choices are for individuals to make with their hard earned cash. Crazy to buy high and sell low. Apologies for stating the obvious. Nobody should take the advice of another poster nor trust any poster to not have an agenda.
Agreed PCS - of course if RF could find a friendly and sympathetic broker then the 60k sell this morning would be snapped up by the said brokers clients, the drop would then be counteracted and RF make maximum return. Said broker and clients also benefit. Stitched up all round if you ask me and a good read for the FCA.
Aber - the only rational and scientific progress and validation v sp.
The art of profit making is buying low and selling high. You would double an investment bought now for 35p - or even lower. Same as 40p or 45p. The reason a lot are whinging on here is because they bought high and either can’t get out or have taken a loss. Basics really
Morning Koolkat, I agree with RF being the only viable option. Not necessarily the bankruptcy comment though as we should be funded through to end of Ph1b. Also, the comment "subject to funding" is a necessary caveat as the Board are not permitted to mislead investors if they do not have sufficient funds at this moment in time. I would imagine that the Nomad would have picked this up if they hadn't stated it themselves (maybe the Nomad did)
The Board have to be honest when they are being open about progress and developments otherwise they would be rightly crucified. It is also a personal integrity issue.
We can all see the flaw in the financing deal however, the flipside of the coin should also be examined. Some of the detractors here still think that there is a magic money tree or a queue of would be lenders out there. Sareum had to move quickly and had to move away from UK in order to make progress or whither on the vine. Setting up a subsidiary Company in Oz to facilitate things and moving the business plan forward at speed after the UK delays. Can you imagine the board had Sareum gone for the 50p per share when they were sat at over £1? The Board have worked diligently to get this going. The CEO will be aware of his numbers and his balance sheet, H&S, Regulatory compliance requirements, tax laws, scientific developments and manufacturing requirements not to mention dealing with would be suitors, legal requirements and NDA implications. Meetings, non-official presentations and market regulations all require attention.
These guys sacrificed salary for shares. This told me the believed in their science and themselves. How many of you guys would work for nothing or for a deferred period? And they did this all for what? Personal vitriol from individuals who, once the sp reaches a higher level, will sell their shares and never be seen or heard of again.
Anyway, enough from me. There are 2 sides to a coin
Not an unsubstantiated at all Bluenose. It may well go lower courtesy of RF and any short positions, however, the RNS outlines significant progress. Fair enough if you don’t believe that but I do and will continue to buy. No advice intended, just my view and my position.
Totally agree PCS - mind-boggling. It demonstrates that our directors are damned if they do and damned if they don’t. Just accept the progress report and take a helicopter view of events. Much simpler, less speculation and less angst.
I am really pleased with the update as it reinforces the buy signal, especially at this low level.
Basil - maybe they have used that expression due to the fact that they are looking to replace RF. we know there is sufficient funding to the end of Ph1b so maybe it is a sign that they are looking elsewhere. I hope so. Saudi may be a good starting point
Basil - maybe they have used that expression due to the fact that they are looking to replace RF. we know there is sufficient funding to the end of Ph1b so maybe it is a sign that they are looking elsewhere. I hope so.