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MyIPA
RM said at the AGM in June 2022 that he thought it was highly likely
that we would be dosing patients in the Winter.... But as we know
there was no trial, my point is that he knew that as if a trial was
that close to starting the process would have been quite advanced.
So he mislead shareholders. If it was a genuine comment then
as he made the statement at the AGM he should have corrected
our position officially and made us aware that in facr there would be
no trial, but he did not, the whole thing has never been addressed....
Tommy
RM mislead shareholders... IF in June 2022 he genuinely thought there was a realistic
possibility of dosing patients the following Winter, then there would have to have
been some substance behind that for it to be a reasonable comment to share at the AGM.
We all know the planning and design etc. takes time, so if you expect something to start
in 6 months that process has to have already begun.... Been well advanced.... Explain that?
Wpa5
I think the desire to be kept better informed stems from being let down.
Post SPRINTER we were lead to believe that many interested parties
were in discusssion with SNG and there was a very real prospect of dosing patients
a year ago.. So based on that I know many here invested more, I certainly did.
Then came a New Year message from RM on LinkedIn last January that made it clear
there was no trial, no JV, no progress basically. At that point I regretted my decision
to average down. So we have now been told that UNIVERSAL will help us design our
next trial, but it does not complete until 2025. We have a poster here saying we are
using the data from the first 300 patients, this was apparently discussed at the AGM
but there has been nothing official to confirm this. So RM could update us on that..
We now have the data we need from UNIVERSAL OR We have decided to wait for
UNIVERSAL to complete for maximum data. Or simply we are on track as hoped
to start the Trials in H1. The faith is lost for many, RM promised to communicate
more as PI's made it clear that they felt it was important, but he has failed to do that!
Is that because he could not be bothered? Is that because there is a delay and
he does not know when the trials will start? It leads to uncertainty, and PI's and
the market do not like uncertainty. Would we have dipped under 6p if we had
an update things were on track...I doubt it. What is worse, to tell us of a delay
now or towards the end of H1? What happened to our regular discussions
after ACTIV2, we were progressed to P3..... Then what??? Why are we left guessing!
I hope I have made a case for being kept informed... You need information and
facts when you invest... Not silence !
Tommy
You have no proof they are silent, RM confirmed they have regular dialogue
and I certainly do not expect we will ever have an insight to what is discussed,
so like me, you have no idea what they think !!
Tommy
TGF cannot stop SNG employing more staff. They can use their voting power
when and if an opportunity arises. They certainly stopped SNG raising further
funds without their agreement, but they cannot dictate the daily running of the business.
So your constant argument that they are happy with everything has no foundation.
Like us they have to hope the P2's are successful ...
Tommy
What is there for a CMO to do at SNG... Nothing. We are probably never going to be
a Commercial enterprise. Once the P2's are complete, we will need to JV with a BP
or be bought out. The option for us to be independently commercial died with the
failure of SPRINTER. We did not need to employ a new CFO when Ward was pushed
for a shocking performance at the AGM, we could have promoted from within. I cannot
imagine what he does 5 days a week..... Approves the Boards expenses maybe??
We could ceertainly carry out the P2's without Flic and Amanda. RM should have
secured a P3 on the back of our P3 data...."We know it works" Well deliver on that then!!
PI's have good reason to question the relevance and record of our overstaffed Team!!
Early last year I suggested PI's demand an EGM as it was clear to me
after RM's New Year message that there would be no dosing of patients
last winter as suggested by RM at the AGM in 2022. We have been fortunate
that some PI's here have gone to the last 2 AGM's and reported back on what
was discussed and promises made.. So now we find that the most significant
promise by RM to communicate more regularly with PI's has been broken.
Unless we do something about it, nothing will change, RM clearly has no
respect for those PI's who stumped up £1.75 a share and paid for his 100% Bonus
in excess of £300K. It has happened on other AIM stocks where shareholders
decided enough is enough and succeeded in ousting usless board members.
Who wants to do that here? Socila Media gives us a voice... Do you want to be heard?
Tommy
Come on... RM definitely thought another P3 was possible after our SPRINTER data..
It shoud have been, but he did not deliver..... They made mistakes on SPRINTER and
wasted our money...Not Theirs as not one of them put up a penny for the trial!!!!
RM's only success is being well paid for failure.... He took a 100% bonus for what????
There was a pay back clause, did he or any other Board member pay back the 100%
Bonus payment they took from the Placing funds... NO!
MyIPA
TGF were heavily invested before the SPRINTER results,
they stopped SNG being able to issue more shares without their
approval to keep a controlling interest....They are stuck here
just like us....They invested hoping SPRINTER woud succeed
when it failed they had to stick around in the hope something
could be salvaged, 2 years on they are still waiting, no hope
of selling their stake !
We have seen many supporting articles over the last 2 years..
It makes you question how RM/SNG could not get us onto another P3..
WHY are we back to P2 ????? The issue here is not potential of our drug,
but the failure of our Board to be able to move us forward to commercialisation..
The fact we are back to a P2 is abject failure IMHO!
LOL!
This board is full of day traders.. I don't need to name them as they are not
smart enough to cover their deception!!! This was always going to take a breather
after a great rise, and that triggers profit taking...All normal... Nothing goes up in a straight
line, the day traders will try and convince you otherwise. GLA!
When you trade online as most here probably do, you pay a higher price
to buy and get a lower price to sell. I trade with HL who offer the option
of using their dealing desk, where you call and they look for the best
price available, which will usually be better than the price they offer
if you deal online, but the dealing fees are much higher. But if you
want to invest a considerable sum, then it can be worth it! GLA!