Member Info for potnak

Shareholder sentiment has done as much damage as the mm's to the sp this week. Even our no1 cheerleader has doubts. I've no problem with bringing Parker to task just don't doubt the science because the science is good.

Shareholder sentiment has done as much damage as the mm's to the sp this week. Even our no1 cheerleader has doubts. I've no problem with bringing Parker to task just don't doubt the science because the science is good.

Think everyone needs to calm down. Nothing has changed. Nothing has failed. We knew Sierra didn't have the funding to continue SRA737. I said a couple of weeks ago that we'd be punished if the 10q didn't have anything for 737. Everyone is a bit tense but the long term holders need to back the company they have supported all these years. The vultures are circling and are here on this very board. Sierra will get funding for Sra737 and SAR will push TYK2 into P1 trials. Either could still fail in the future but for now. Nothing has changed.

Exactly Fadec. They will owe us $6m and if they don't pay we can take it back. Sierra will get funding. SRA737 is too promising to ignore. It doesn't matter what price they get. Our milestones and royalties are contracted.

Could have a 6m dollar milestone and TYK2 licence by then. 1p and some. Hope it stays low for a few more weeks. I'm buying more at the end of the month. Anyway, I'm off to drink some Cornish IPA in wet Cornish town.

Well guys, you wanted news! We all knew this would happen if Sierra didn't get funding. The science is still good. 2020/21 will be our year.

Agree Stoney. Think people are mixing up what we've been officially told with what they think should happen. If if Thoth calls an EGM the company can still refuse. At the very best you'd only get corporate answers to the questions. Just a distraction until news comes.

That's a blast from the past Fanni! are you suggesting having Thoth as a NED will give us an insider? all that would happen is Thoth would know what is happening and we'd all still be mushrooms. I predict this thread getting deleted in 3.. 2...

Thoth - you guys with lots of voting rights should absolutely flex your voting muscles or at least threaten to. I'm not sure it would help us but it would definitely send a message.

All true, Aber. If we haven't got something by Nov\Dec SAR will absolutely have to raise again. This is my point. You know from your research and from experience that this is the case so when it does happen you shouldn't be surprised if the SP tanks, you actually predicted it but did probably did nothing about it. The Company are generally clear on timescales but fuzzy on how we get there. Not ideal but it is what it is. Knowing that It's your choice whether to buy or sell.

Krone - He's been burnt before and generally, is very careful what he says. The fact he's said is is really promising, IMO. What does significant value mean? I think 5p is significant value. There are others here who think otherwise. Only 10 months to wait and see.

Utar - The SP is frustrating but we do know. The company have always been clear on timescales and you should all know that Bio investing is slow and risky. It was always going to be 2020\21 before we get an option to cash out with a decent profit. Again, if you think otherwise, you didn't get that from the company.

It's clear the MM's want shares. They feed on fear and they are hoping a 7% drop will have the desired effect. I'm 33% down but I'm in this until 5p or more or nothing. I think I'll get that in the next 18 months. Waiting years and risking everything for 20p might be too risky for me. I get a bonus at the end of the month and I will buy more. I've decided that they will go into my SIPP as a long term gamble just in case 20p does happen.

My advice on checking the share price every day is to set up RNS alerts with LSE or the Stock Exchange. I sometimes don't check in here for days. I said last week that it can't be good for your mental health to be constantly waiting for news. That deep down, you know isn't coming.

Fanni - if you had read the posts two years ago. You'd have seen, at least from the ones in the know. That we're looking looking at 2020/21 before cashing out. If you thought otherwise.. I'm not sure who you can blame.

It's not news. It financial reporting. We should get some insight into how they might fund SRA737. Worst case scenario is they haven't found a non dilutive solution yet. Bad for them but we may get punished by the market also. If they do announce a backer, I think it will be before the report.

Maths - agreed. Although, if there is any funding news for SRA737 that will probably come before the 10q. Just because it's price sensitive. Sierra shares will get a big list once funding is sorted.

10 percent is 10 percent. That's what I'll be doing once I cash in SAR. I'd take 10 percent profit over a 30 percent loss any day of the week.

Generally, you can't buy at the SP. The ask is 0.42 so that's the buy price. I don't have level 2 anymore so can't see but the mm's have obviously sensed the optimism here and are willing to push it up a little.

Interesting Thoth. So, if they up licence they owe us any milestones due or all?

I'm off to Wales for a long weekend,back Wednesday. Hope it doesn't blow up while I'm there. Ha ha

More likely to be an on licence. Doesn't really matter to us. Our milestones are fixed. Assuming no more dilutions, we'd be looking at 4p a share just with the milestones. And possibly within 18 months. That's a 10 bagger from here and NDA or not, we know very little re the contract. So I guess there'd be no change there.

I think we might get some sort of announcement next week from Sierra. They have to do something re the SP and probably before announcing Q2 details. Thoth could well be right. I'd be surprised if they hadn't already found a backer\buyer for SRA737. Again, this will need to be acknowledged in their 10Q so we might see a deal announced before that is released. Whatever way you look at it. We'll get some news in the next 3 weeks. Good or bad.