RE: Share price on different senarios29 May 2020 12:38
Not now- I agree, nothing has really changed with what we knew or didnt know about SNG/SNG001. The promise of the drug is still there and as far as anyone knows things are going well. I don't believe the SP movement over the last few months has been down to anything changing on that front but down to II's strangling the share price to the current level. If you are a new investor why would you buy SNG when you have its biggest shareholder selling off 10,000 chunks. Happening again today. I don't believe there are PI's selling 10,000's at 45p or thereabouts. There is not currently enough liquidity for bigger buyers to move in and obviously risky for them ahead of results. Good news over the last few months has blasted the price beyond 70p level but heavy selling brings it right back down again. Until we lose the shackles of this seller its going to be a patient sit. I'm waiting till results personally. probably beyond that even. Very much looking forward to seeing TR1's and hopefully Lansdowne reducing significantly down or maybe even out, who knows?. Assuming they have kept selling since their last TR1 they must have surely heavily reduced again in the interim period.