Member Info for potnak

Yes, Ben. Kind of what I meant. The end of the dosing is only half the story. If adverse reactions have been observed, then there will be an amount of time those reactions happened after dosing. IMO. They will wait until they have clearly passed that window.

Personally, my expectations are more fuzzy. Just because, you know, it's Sareum and they might err on the side of caution. Let the patients start to recover? Or maybe wait for a trigger or even a June CC? Right, no news is definitely good news.

Think it is important to point out the Tox study isn't completed until the data is analysed and released. As others have said. It's an important hurdle to get over and we hope the board will acknowledged it. The Chairman's Corner more or less completely avoided 1801 and 737. Was that because they don't want us to get excited yet or something bigger is happening? IMO. The clues will be in the wording of any update we do get.

I'm thinking a jolly chap. Fake sea captain hat on with a large bag of wotsits in his hand, maybe an African princess on his arm.

At £7 per share, it would make me a higher rate tax payer for rest of my life. The majority of mine are in my sipp. Which of course is taxable when drawing down. Not that I would complain. There are plenty of worse problems to have.

It's not that I have faith. It's just that setsqx is predominantly an electronic order book. MMd, can get involved if an order comes through for a specific price, e.g. broker to broker but with only a few trades this morning, you may get NT because there are simply, no orders in the system. I tried buys and sells on Halifax this morning and had no issues getting quotes.

We've been here so many times with Sareum. SP locked in place. Most of the time. Traders will get bored but once or twice, news has dropped and we went on a run.

For AIM stock, especially SETSqx, you get NT because the the stock is illiquid. It just means there are no matching trades on the order book. You also get NT during the auctions. 9am, 11, and 4pm, I think. It may be a false alarm but everyone is locked and loaded.

On the IM call. JR indicated that the dosing started "a few days" prior to the RNS. The RNS landed on the 17th Feb. If we assume the 16th, Monday was the start then we are in week 16, I think. No news of completion until next week Ur possibly the week after. I did say last week that I'm not sure how they can use an RNS for this. The study isn't complete until the data is released. I hope there is a way to officially do this but it might need to be toned down.

Didn't they recalculate these, Steve? The same 1 to 50 calculation.

Yep. RNS will come once the full amount is transacted. If they are warrants, then we could assume more to come because we haven't yet got an RNS.

This isn't a critism but we are all thinking like retail investors. If theses sells are 12p warrants, or even just 12p shares, they have doubled their money. End of. You don't get to be a HNWI by buying penny stocks and waiting 15 years. You buy in. You take early profits and you wait for the right time to exercise your warrants.

We have built a narrative around getting an RNS staying dosing completed but this is only half the story. The value is in the data and we will need to wait for that. The total shares inc warrants is 156 million. They have to be exercised at some point. May as well be now. It would be nice if we could get an official breakdown of warrants in the next Investor meet or interim results, which ever comes first.

BB, has more than 10x yesterday's sell. Id be surprised but you never know.

Without being facetious, DP. It's almost as though no one knows which way it could go. The SP could Double or half depending on what the next RNS says. The buy price is currently around 24p and there looks to be be healthy mix of buys and sells. Larger sells. Like yesterday's will grease the gears.

Could just be someone who doubled their money from 10p. A win is a win on AIM. In fact, breaking even is a win on AIM.

Realistically it was around 0.2% of the company and we all want a dosing complete RNS. The longer it takes to come. The more the shares will drift. Could be a shrewd move or someone turned £30k into £60k. This ride will have bumps all the way to the finish.

Barring any disaster. We may get news in the next few weeks that doubles the share price. IMO, there may not be many opportunities for big orders to go through at these levels. We we could be in week 16 now and if so, a big hurdle jumped.

DP, the "chairman's corner" was a roundabout way of stating that the 1801 tox study remains active, while barely mentioning 1801 itself. I said when they first started them. It is a great way to update shareholders without breaking any regulatory rules.

The sparse news on 1801 possibly means that anything they can say is price sensitive and would require an RNS. I think we can assume that dosing will complete which would be a risk hurdle jumped. The whole thing reads like a distraction. Don't look at that, look at this. Hopefully a good distraction.

I'm not sure the completion of dosing warrants an RNS although I hope they do release one. I guess, they will consult with the NOMAD to see what can and can't be said. Id be happy with a Chairman's corner. In terms of the study. Dosing complete, is only a small part of the story. Even when fully completed with a data readout. The whole study is just regulatory tick box that enables the next human phase.

However. If the dosing completes successfully, think we should start to see some buying pressure, especially if the peer reviewed data is published and shows that the bio markers were similar if not better to the Nimbus compound at the same stage.

While I hope negotiations are already underway, there should not be any exclusivity until there is actual cash on the table. I still believe we will be waiting until Q4, but if dosing completes without any issues, a significant portion of the risk will be eliminated.

I'll take the boring weeks. They keep chipping away Tox study duration.

It was halted for animal safety reasons and I'm pretty sure the animals are then euthenised. Can't use the data either so the whole thing was just written off.

Yes, bailiff. Anything bought now. Could be double or triple by the end of the year. Even if there's was a fundraise. Even with a modest on licence for 1801. The upfront alone could be more than the current market cap.

This isn't advice. DYOR