Member Info for potnak

Emotions are high and that's understandable given that new investors have lost big money and long term investors have seen huge sums of cash evaporate from their portfolios. But now is not the time to vote down resolutions designed to save the company should all other funding dry up. Same with board changes. We have the best board we can afford right now. We are in this mess because of delays, it's that simple. Not all of those delays are in the boards control. If 1801 goes on to clinic next year, all will be forgotten. If there is a major unforseen problem with TYK2 then it will curtains for us but 737 should be worth £2 plus if we get a partner. I still think we will get an RNS this week.

Will you sell your shares, Spurs? I mean you could save yourself a bit and buy back lower. You seem pretty sure,why don't you sell?

Its on the 7th floor of their Liverpool St building. Punters allowed, if registered. It could be something or nothing but it isn't usual for Sareum. However, it's an AGM so we can only expect the usual votes and Q and A afterwards. My point is, nothing price sensitive can or will be discussed at the AGM unless the market has been informed via an RNS.

If we are getting news that needs a vote, it will have to come this week. If we are getting news on PH role as Sareum broker, we'll have to get and RNS before the 16th.

IT could, of course, be something inocent like we got a deal on the room because we are a client.

I can't help but think there is significance in holding the AGM at Peel building. It could for a number of reasons we will just have to wait. Nothing of note will be discussed at the AGM though. The will have to be an RNS beforehand. We should get an AGM statement on the day of the meeting. This is usually just a summary of the year. So, IMO, there will need to be at least one more RNS before the 16th to update the shareholders about the CTA. Its an anxious wait for all holders here. But radio silence on this scale is usually because they can't say anything because it is price sensitive. You can make of that what you will but it will soon be the 16th and we will soon know. I predict an RNS this week, then an AGM statement at 7am on the 16th.

The "secret patent" was the capsule formulation and "the world will know about it soon" was an off the cuff remark meaning the patent will be granted soon. Sareum never called it a secret patent, they called it a Submarine Patent which is just a delayed publication of what's in the patent. Some on this board get too carried away when every little thing the board say or do. This is why they never tell us anything!

I have largely kept away from this board for a couple of weeks now. I can't say, I'm not anxious about the next couple of weeks but I am much more comfortable about my investment than I was. The simple facts are no one knows where we will be in the run-up to the AGM, we just have to wait. A few thoughts though. In no particular order of impotrtance.

No price-sensitive news will be discussed at the AGM unless the market has been notified beforehand. If no RNS before, other than stock answers, they won't be able to answer any meaningful questions.

I can't help but think the location is significant. Why Peel Hunts Office? I have no opinion on the significance, it could be good or bad but refer to my point above. We should get an RNS before.

Thoth and RMM are both great posters. RMM does, as Ahfam states, show his working out. His predictions are not wrong it's just that Sareum hasn't delivered what they said they would. Thoths posts used real-world examples of deals made by other pharma's. If our compounds are good, they are our yardstick.

By the time we get to the AGM, we will be 5 weeks since the CTA news, Technically, we could have resubmitted a brand new CTA and not be far off a reply. So we should have an answer. I am prepared for the worst so anything positive will be a big bonus.

Ahfam is a Sareum cheerleader and always has been. Mostly harmless and his SP predictions could be real IF IF IF we get 1801 and 1802 to the end of P2 and CHK1 is partnered up. It is a big IF but we'd be looking at £20 plus. IMO, we're at least 2 years from that point though.

Finally, it looks like Utar might have bought back in even though we didn't reach his 50p predictions. His posts have changed from scare tactics back to the old anxcious Utar of old. If he has bought back in. The devil in me kind of hopes we fall to 50p just to teach him a lesson in humility.

Not long to wait now.

The only thing that has weakened our immunity is not being around Ill people. Just coming out of the cold you talk about. Little over a week to get through it. I defo caught it on a night out as I work from home. First cold I've had in 3 years so you forget how miserable they can make you feel.

CPF not ICR!

I'm out of the loop with 737. When do the ICR officially get it back? I expect we'll get an RNS when it does and I guess nothing can happen until we do?

I noticed that too. My guess it's because 737 isn't in active development. They don't put Aurora Flt3 3 on either. It'll reappear at some point.

Just. They wouldn't mention the CTA in the RNS. Its a notification of the AGM. Also, news is never released at an AGM or any other meeting, conference etc. The market has to be informed via an RNS. If they want to discuss the CTA or any other developments we don't yet know about, we'll get an RNS before the 16th Dec.

Just 4, IMO. Yours is the worst case scenario and Sog's is the best. I hoping for Sog's but am prepared for yours. It wouldn't be a massive delay but a f up all the same.

Ah Utar. You sound like someone who is worried they might miss the boat whilst waiting for a lower price. And to clarify my position. Any pharma that has 2 drugs at the end of Phase 2 would be worth 2 billion. Sar would be no different. I didn't say we will get there but if we do, that's a 35 bagger from here. For me, that alone is worth the risk. We could of course see your 50p, in fact it's very probable if the CTA isn't an easy fix. So make your choice and give your opinion why you think it will go to 50p but don't come here to revel in others misery. Said it last week, it's D I C K move.

I pretty much certain that if sar can get 1801 and 2 to the end of Phase 2. Then the company will be be valued at £2 billion or more. The hope bit comes in when I hope they can pull it off. Pragmatism means, I'll be OK with the up, downs and disappointment if they don't.

I am a pragmatist, Laz. Your post is very pragmatic too. ;-)

On a serious note. Pragmatically speaking, we are on the cusp of another year or so in the doldrums or the start of a nice bull run back to £5.

Hi Gunner

I don't doubt they are delaying but more because holding an AGM without answers will be SP suicide.

It's not even late for Sareum. Just because sar usually do it in Dec, doesn't mean they have too. They have 6 months after the accounting release. So they could, legally go into next year, if they needed to.
AGM rules
"A public company must call an AGM each year within the period of six months starting on the day after its accounting reference date. Detailed requirements as regards the convening and holding of an AGM are set out in the Companies Act 2006 (CA 2006)."

I think the notice period is 14 days but I'm not sure.

I agree, Lucan. Problem is, we may be better off not knowing than them giving us another ambiguous RNS. It is 1801 or bust now. We've nothing else to prop up the sp. The next message has to be clear with no ambiguity. I see two scenarios that may account for the lack of any clarification so. It's more serious than we think or there is a plan and some actions that are ready to roll and they need to do them in order. I'm siding with SOG's analysis of this issue but in reality, I don't have a clue. No news, might actually be good news.

Well, tweeting opera may be a sign he doesn't have any major worries in other areas of life?

Let him have his 15 minutes in the spotlight. I'm not sure he gets it though. We're not in denial, until clarification, the situation is dire, we get that. We are not objecting to the sentiment but more to his change of attitude, for the first time in a long time, he feels like a winner, and to support that feeling he has to point at the losers. it's a D I C K move, especially coming from someone who used to pump PYC and Roblox among other bad shares.

Think Aber nails it with his last sentence.