Member Info for PCS1954

SCHeckler - just my view as a retired Chartered Surveyor .....

...... you are contracted to carry out a specific role on a product for an agreed %, it is declined by prospective buyer (let's not beat about the bush) and is returned to be reviewed and advised on, time has moved on and further potentials are available of which you are asked to investigate, you do so off your own funding - positional change in % ownership on basis of improved product and potential return.

GLA

Hi SCHeckler
My understanding is we co- developed SRA737 with CPF, the 27.5% ownership being the Sierra part of the deal for us.
If as indicated via the AGM the SO data is coming back to SAR to review, advise and/or work on, from a personal view I believe that could open negotiations for a revised %, especially if we secured further backing from HNWI's to further that data to relicense.
That said, lets get it back first!

GLA

Hi Blastoid7 - apologies for not coming back sooner - got to be honest I gleaned at a lot from the AGM and been mulling through it all over the weekend, we have some seriously informative posters on this bb and I happen to be one of those people who picks up snippets, I certainly did Friday - I saw a different BoD that I had seen previously and portrayed on this bb.
Why was the Belgian Pascal aka Elounga there, last heard of approx 6years ago, totally convinced one of the HNWI's was in attendance - speculative I know, but given the dross of the last 7 weeks, I think I am allowed some "poetic license"!
That said, we all know it's a risk and can only make our judgements as we see them!

GLA

Hi Citizen, trust all's better with your daughter and Afham same with your Mother.

Apologies to some who ask questions of Friday, that I didn't come back to but needless to say it was a long day. I'm very grateful to have met up with RMM and for his posting over the weekend, he failed to mention it was he that led off the Q & A with some very poignant questions that has led to a clearer understanding of the BoD's outlook - so many thanks.

Obviously, the weekend and today has led to a change in the discussion on the bb and all I would say is following my discussions at the AGM with all the BoD we have some very informative posters on this bb covering science, potential valuation analysis, CRO's, regulatory matters etc... and should be very grateful for the contributions of SOG, C79, HBD, Krone, RMM, potnak, Num4 especially since the AGM - suggest they are all worth a read again.

That doesn't dismiss any of the other postings ( albeit, not sure why we got on to strikes and pay) but I went to the AGM as a very concerned shareholder and was determined to seek clarity of what was going on. I can't bring to the bb the informative postings of those above , but, the pre meeting with Stephen Parker gave me the chance to air a lot of views of this bb regarding communication and even why no announcement of our new Head of Investor Relations and believe I do now have a communicative path to both Stephen and Alex, which along with the recording of the AGM gives a very clear picture to all.
I did discuss Peel Hunt and Consolidation briefly with him, but to bring up again we will just go round in circles, my view is what is done is done and we can't change it, The only thing I would mention is that institutional investment in biotech has been low over the last year for whatever reason and the cost of Consolidation was to Lawyers and Accountants not PH, the line in the sand is drawn - lets move on!
I will test the said communicative path this week, hopefully, I will be able to report a "positive" response!

Finally, it feels very good to have a bb with genuine shareholders on board again.

GLA

GLA

Hi Lucan
This may assist as per JR, MHRA have requested a review by UKGLP and only they can commission that - SAR have no direct dialogue with UKGLP on the matter until they have been commissioned and there lies the frustration.
Hence, the reviewing of alternative routes if prolonged delay and there is a speedier resolution.

Mrs PCS now getting the hump, so now definitely signing off - good weekend all.

GLA

Hi Blastoid7
It was covered in the meeting as a question from the floor and responded to by SP, as you can imagine I'm tired now so don't want to go into discussion - not sure if you can revisit recording of meeting, hope that is of help.

GLA

Hi Potnak - Elounga met him about 7 years ago

GLA

Spot on Blastoid7 - cheers
@ shepster - I think fare to say it was positive, I know that Tim does sometimes appear awkward, fidgety but really did think he answered everything in a positive approach - yes he knew what was coming but you really could sense their frustration with MHRA.
That's me done now Guys and Gals, have a good weekend.

GLA

HBD
He was the gentleman who asked specifically about the CTA and checking the submission through which then lead on to the discussion regarding CRO's.
I did sit next to a Belgian who use to post on here a few years back and I notice potnak mentioned Belguim!

GLA

SOG, good to see you posting - it was confirmed there have been approaches to both and CBF - Tim stated first they need to await return of data and then review - due back early January, let's hope Sierra play ball !!

GLA

HBD
I can confirm yes, as I asked that said question and immediately confirmed by TM and JR.

GLA

Just back after a 5.30 am start this morning and can confirm it was worth the effort.
Firstly, I was there so early actually checked in with SP and managed to have a honest and concise conversation before everybody arrived regarding communication to shareholders and the "mixed vibes" that come out from the BoD - I do honestly believe we will see change and I think the questions were answered more clearly during the AGM.
I believe there were at least 3 other bb members there and my own observation I would hazard a guess at least 1 HNWI (this is my own observation as someone who worked for a few HNWI's in the West End - take it as that, no more) - I will leave the bb member's to announce who they were if they wish to out of courtesy to their privacy.
Questions came from all and whilst the BoD were aware of online questions, they were not of those from the floor and I felt answered all with clear direction - even why they don't wish to disclose the CRO's they are or may wish to work with.
Most has been already said, but, my main over ridding factor from the meeting is the science hasn't changed, there is delay but they are truly focussed on getting resolved at the quickest.
The above is purely my take on things, I will leave you to make your own judgement.

GLA

Krusty you have made a very valid point and I also note that the RNS states "focussed on quickest and clearest pathway to obtaining authorisation to commence studies" - surely, there is no harm at looking at all angles if MHRA are putting up obstacles which in turn are causing delay - to all please read twice before replying.
Going to check in now and take my seat.

GLA

I'm here at the AGM ................... interesting RNS!

GLA

Morning shepster
Yes no problem, not sure there will be anything to add that's not already in the public domain by the time of the AGM, but happy to report back my take on the Q & A's.

GLA

Sorry Spurs don't understand the point of your comment - perhaps you could explain to an "Old Hammer" down in E13?

GLA

Just for clarity, my posting wasn't geared at any one particular poster, more a concern of bickering on a bb for "last word Lil" than worrying about who "indicated and what" to TM from MHRA, what made SP tweet yesterday what he did - perhaps none of you are invested and don't care - I do hence why I will be at AGM, rather than count "recco's" of any bb poster from either side I have not even met - for the record I have met Sareum BoD!!

GLA

Probably the best thread of the day, but, unfortunately totally lost in a day of delirious self esteem by many from both sides ------ get the impression many are more concerned have they had the last say, rather than professional debate!
Happy to discuss at AGM if you're attending.

GLA

Gunner hope you are well, there's many a question to be asked including your own below.

For me, that's done we can't change it, I more interested in the ambiguity of the last RNS - too much grey woolly stuff that has lead to the decline in sp .....
- "The MHRA has indicated" - how? casual call, email - what was the reasoning behind the indication?
- "Yet to receive Formal letter of Non Acceptance" - did they indicate one was on it's way?
- "seeking additional clarification from MHRA" - have the BoD a timeline on this given the regulations controlling a CTA
- " Tim is surprised and disappointed" - what was his surprise and disappointment, something must have been stated.

All the above have a missing bit, that I am very uncomfortable with given the loyalty of all shareholders in this Company and the BoD's lack of communication, I really can't believe theRE has been no progress on any of the above no matter how small in over 5 weeks.....

Given the terse response by our new Head of IR to another bb poster when querying an update and advising there is an AGM you can attend, I intend to and ask all the above which to me are straightforward courteous queries that we should have answers for - apologies for rant!

GLA

No problems Blastoid7, more importantly wish your family well and likewise seasonal greetings.

GLA