Member Info for Mafuta

I agree with Num4 ... The RNS will likely say something along the lines of: " the toxicology report is very positive and allows us to progress to the next stage in this assets development" ... You will not get detail ... Not that many would understand it anyway ... The detail will be commercially sensitive ... just my take on it

Someone sold them and someone bought them ... the fact that 1M shares changed hands at 4.9p is all that really matters ... hope that helps ... love hugs and kisses etc Mafuta

we will breach 5p today

Yes you have missed something 22 ... Not everything is priced in ... There's lots to come

At 3.88 just went through

Blue the brokers will have sent the votes through to the company secretary already so they will have an idea

Ted ... probably they do ... remember for for resolution 2 (Consolidation) they just need a simple majority, but for resolution 1 (Change of AA) requires over 75% ... best regards Mafuta

If you are happy or not with consolidation and you don't vote you cannot influence the outcome ... A bit like shooting yourself in the foot ... Just saying

For those who are missing us, the oldies are still about and I very much doubt if any of them have “cashed in” at these levels ... I personally do not see the point posting when there is nothing worthwhile to discuss and that is not likely until we can get some news to go on … the current slide has nothing to do with anything fundamental other than a bear trap to get you to sell your shares … we have seen this all too often in the past and it’s easy to orchestrate on low volumes … things will change but at the moment my stance is I’m sitting on my hands … I have a bucket load and would like more but we are in the wrong tax year and I do not want to give the Chancellor 20-40% of my hard earned pension money … make your own choices but I’m waiting to see this company to realise it’s true value … and with the way the MMs are manipulating the market I get the sense that they are desperate for your shares, and their time is short … don’t give them the pleasure … they will have to give up soon as post consolidation they won’t find it so easy … have a lovely day … love, hugs and kisses Mafuta

https://www.ft.com/content/c90d17c6-6196-4c8a-88c2-e2cef9a692f2

... just saying

Get well soon and hope you manage to stay off the booze and "fat ones" .. bet your glad there's no moratorium on the Wotsits ;0)

This is what they have told you in the circular:

"The Board is of the opinion that the high number of Existing Ordinary Shares (currently 3,403,470,791) and the low absolute share price negatively affects investors’ perception of the Company and considers the Consolidation to be in the best interests of the Company and its Shareholders. The effect of the proposed Consolidation would be to reduce the number of issued Ordinary Shares by a factor of 50 and the Board believes that this will increase the relative share price and make the Company and its shares more attractive to a broader range of institutional investors and other members of the investing public."
And:
"Resolution 1 is a special resolution and requires approval by not less than 75 per cent. of the votes cast on that resolution. "Resolution 2 is an ordinary resolution and requires a simple majority of the votes cast on the resolution to be in favour of such resolution."

The BOD cannot be much more transparent than that ... and I have no reason to distrust the BOD ... for the few years I have had a stake in this company they they given me no reason to not trust them ... they may be a bit slow at communication but at least they are not tweeting every time they go to the toilet as some companies do ... but hey ho it's your decision ... just a side note .... really, what serious investor does not read the circulars and expects others to do their research for them? ... day traders, gamblers or MM's poodles? Love, peace, cuddles etc. Mafuta

Like it or not institutional investors – (generally – there are exceptions) do not invest in “penny stocks” – nor do they necessarily understand the science or technology behind companies – (again there are exceptions) … what they do is follow sponsoring brokers recommendations … PH (Love them or hate them) is one such broker ... what our BOD have come to realize is that they cannot play hard ball with the big pharmaceuticals … but the institutional investors and brokers can and this is what their day jobs are ... Consolidation is in my opinion the BOD's way to tell the big players that they are fed up with their paltry offers … and yes I believe they have had some informal ones … we are going for investment and will progress our pipeline to a point where you will have to be sensible with your offers ... The BOD is not going to give us the details for very obvious reasons … so my unqualified advice is make your own decision – it’s your money after all … but it may be prudent to stop and think and perhaps put emotions aside and think a bit out of the box … or you may indeed decide that the king is indeed “in the altogether": … at the end of the day it's your call. Love hugs and kisses etc.

The BOD have given you the information you need to make an informed decision ... They want to consolidate at 50:1 to attract institutional investors ... What else do you need? A list of potential investors? A full breakdown of costs? Projected share price for the next year? ... Be reasonable and vote on the information you have ... It's enough for me to make a decision ... But then again apparently I'm rather partial to naked despots ... Funny how no one is against the new AA and the supporting information for that resolution was as equally brief ... The task here is quite simple you vote for or against based on fact and not sentiment ... No need to share your decision with others .... Honestly this BB is getting like a play ground ... Love hugs and kisses ... Mafuta

It's the same the whole world over
It's the poor what gets the blame
It's the rich what gets the pleasure
Isn't it a blooming shame?

I called a NASDAQ listing some time ago ... SAR wants to play with the big boys that why PH were called in ... Nothing to do with share Price nor the ability of our BOD ... Just an investment strategy ... I think we all need to relax and let things pan out ... Or perhaps I like naked emperors ... Love hugs and kisses Mafuta

Very encouraging ... Let's hope it's not a flash in the pan

Quite simple really: 1. 50:1 consolidation 2. New articles of association. The BOD have also explained why: 1: To attract institutional investors 2: To move the current AA with current terminology and legislation. TBH I don't know how they can be anymore transparent without divulging what could be confidential information. So when you decide to vote you need to do so on the basis of the information the BOD has given ... Certainly not on share price or emotion. Have a good afternoon ... Love hugs and kisses etc Mafuta

Good to see some positive news for a change.

you only lose your voting power when you sell your shares ... consolidation has no effect on your relative voting power