Member Info for mathsprof

correction 8330000 issued 4 May

My present calculations:
1760000 @ 12.5p issued on 6 Jan - could be cashed in soon???
8330000 @ 13p issued on 1 April - needs 15p etc for vesting (nb 1 warrant for 2 shares in placing)
720000 issued prior to this year - listed in annual accounts, at prices from 16.25p upwards
eg 215000 @16.25p, 60000@25p etc.

Good explanation, Londonwolfie

Doubt it.
Look at the sequence of late reported trades:
1m buy, allows 1.725m sell to go through, which in turn frees up another 1m buy shortly afterwards.
Net result - small increase in SP and MMs getting away with a tidy profit from the spread. The late reporting and spread allows them to do it all without changing the advertised bid/offer by very much, hence "reducing volatility". This is why MMs are aloowed to report trades late.

There were a number of warrants exercised in Dec 2017, at the time of the steep price rise from 1p to 7p. I think the warrants were @ 5p, not all were exercised, and it had no effect on the SP beacuse the SP was rising strongly and there was a lot of buying in anticipation of 401 and 201 results.
I suspect the same will happen in this time.
Sadly the window for exercising the warrants quickly passed when the SP fell back on disappointing news - 401 reults were of dubious merit, and 201 needed a trial extension.

So potentially, if SP now holds, all 13p warrants could be cleared by the end of next week. The holders of the new shares will be free to sell them whenever.

After the 5 days of SP close above 15p, the company may issue RNS to invite warrant holders to convert their warrants to shares @13p. Warrant holders have 5 days to do so, after that the warrants will be cancelled.

you could try:

https://stocktwits.com/symbol/SRRA

desamax-
You're quoting form a document now quite out of data. Are you not aware that SRA737 has been put on the back-burner by SRRA, and the current debate is about whether it is about to come out into the light again?

Not long to wait for the full prospectus from SRRA outlining the purpose of the fundraise. The Aug 6 statement said "general corporate purposes", and indicated the specific reason would be in the prospectus. No mention of Momly as a reason for fund raise in the first statement.

Must refer to the $150m registration statement of August 6

I suspect not. If they are aware and any good, I suspect that G+M would have tried to use them to save their skins (earlier in the year).

saint-tropaz
What makes you think thet Steadydanny is invested in SAR? Or that anyone would move from SAR to VAL?
Personally, I'm more hopeful of meaningful news on SAR before any on VAL, although I agree there is more potential for an eventual bigger rise here, but not on speculation alone.

I'm in 2 minds about SP direction - certainly the enthusiasts and new herd may propel us beyond 15p tomorrow, but I can't see it staying there without news.
When they go away it'll be back to 10p easily.
The problem with 201 (and so BC201) is that we haven't seen published intermediate results from the last few years, all we've had is an extension of the trial by a couple of years. We actually have no idea of how good it might be, or how much cash is need to finish p2 off properly.

How much did the previous management pull the wool over our eyes?

Is 401 actually worth anything? A trial with 7 patients didn't convince many people.
Who are BlackCat and have they got any money yet? Where have the 6 partners gone?

201 appeared so promising, but again the size of the data set is a big question. Have enough patients now been recruited and tested to produce any convincing evidence beyond safety? It has dragged out a long time now.
Is BC201 anything more than an unstarted project?
Perhaps 301 will surprise us?

At least there is money in the pot to put things right, but we may find that a £20m valuation is unrealistic at present. We have prevciously reached the giddy heights of a £27m MCAP - ie 50p a share, but then we thought 3 years ago that 201 and 401 were potential blockbusters that were about to report good data.
They still may do, but I remain invested and cautious. Roll on 41p to break even, but I may have to wait several more years.

Monecor have got their dates muddled up. Do they really have 4.466m now or was that last month?

We all started out as newbies and made similar mistakes. My entry here was @2.48p in early 2011. No regrets, I have averaged down many times, top sliced many times and now hold a pot 8 times my initial investment, and have somwe cash in the bank.
It doesn't always work out like that though. My recent dealings in two sahres ahve been a disaster.

After a chat with broker I have discovered that shares held in an ISA are not eligible for this broker placing. Or rather the new shares cannot go in an ISA.
Never mind, they're only 8p now and may get cheaper.

Doesn't look like the usual P&D to me. The amount of shares traded was more than double any other day in the last 3 years. And no speeding ticket can only be a good sign.
We'll either get an RNS first thing, the speculation will continue past 1p tomorrow, or things will return fairly quickly to the 0.55-0.6p range.

I had an email yesterday offering me (new) cruises to book from UK ports from Hurtigrten in early September - round Britain cruises. So things are begining to move with other companies too.