Member Info for potnak

I so nearly replied to Abers post yesterday. I was going to reply 'be careful what you wish for' Todays RNS validates that thinking. No bad news whatsoever but the fact they've given it means the news we desperately want isn't immenent.

Andy - Agree about the next news. IMO it will be from Sierra re their future funding. They aren't exactly without cash so, I think it will come in Aug with the 10Q.

IMO, there is one if not more NDA in place. It doesn't mean they will come to anything but you can't state we have a best in class molecule and not be talking to a party or parties about it. Exclusivity would probably be deemed price sensitive and therefore reportable via an RNS. It is coming and again if they want to start trials in the first half of next year. The 'deal' will come this year.

We kind of know there are no imminent milestones due. I don't know why people think there is. There was no provision for any in Sierras last 10Q. The next 10Q is 1st week in Aug (probably). If it states milestones are provisioned we'll get an RNS with the dates. I'm still of the opinion that we will get something before we have to raise. We've got a really good idea why the sp has dipped (from Searl) and it will recover. Today's RNS is everything they are required to tell us and nothing of what we'd like to know. Pretty standard for SAR. My only fear is my work bonus due in Aug comes too late to make a final chunky buy in SAR. So many triggers. Only one of them needs to be pulled.

We're due an update on TYK2 this month. If we don't get one, why? We can't start the trails without cash. So we'll need funding in place before announcing any trials. I suspect there is a raft of news coming our way in Q3.

I agree Krusty. It was always going to be 2020 before it really kicks off here. I do, however think we'll get something before we have to raise. Were bound to Sierra and thier funding issues but Searle gave an informed view of why he believes the SP is low at the minute. I'd buy more if I had a chunk of money sat doing nothing.

We're not valuing the company though. We're valuing the product. The SP has some relevance but it depends on how many of the shares are in investors hands and liquid the company is. The deal is anything the company and its investor's are willing to accept. We all know what the drugs could be worth but we d have to risk everything and possibly dilute further to show confidence we will walk away from a cheap deal. I'd be really happy with 5p so it would be really hard to convince me to hold at 5p to wait for 20p. I'd wager that I'm not the only one who feels that way. IMO, the NEDS are here to recommend what's a fair price.

I didn't renew my Premuim account with LSE because of too many site down and issues. I miss the level 2 data so thanks for sharing that Searle. I honestly believe that SRRA will address their funding situation in the near future. We'll be back at 0.7 when that happens.

I believe Tim and Co have our interests forefront. I believe that they believed the last placement would actually be the last raise SAR ever make. Whether that will come true is another matter.

Don't think i'm the only one who thinks this but something doesn't feel right. This is the only share I've been in where we've had no bad news but the SP is a 3rd of what it was when the CHK1 licence was granted. You can explain a lot by saying this is AIM but something is happening in the background. I don't believe Parker is incompetent, we just don't know what he's doing. The NED's are here for reason and they will come into play at some point. The lack of company PR, again, why? There is a piece of this jigsaw still to be put in place. Hopefully, we'll see a nice rerate when it finally comes.

I've alway believed 2020 will be our year. I say always. At least since 2016. Thoth is an analyst and I'm always grateful for his posts. where as most of the time I try and read between the lines. They released the efficacy data last week with a fanfare and reading between the lines that was a deliberate attempt to make the pharmas take notice. IMO, by Aug we'll know how SRRA are going to fund things and once we know that, IMO, the SP will rerate. Its sh*t being under water but I still don't see a downside here until CHK1 is near the end of P3.

Must feel good to get your average down to a more realistic level. I predict you'll now see profit before the summer is done.

Yes, but are they just confident it's going back to 0.7p next week? They could make £20k profit in a week. In out. Not much risk.

We don't need to place yet. We have enough to take us into 2020. If they do place this year it will be towards the end of the year like they always do. We'll know if we need to place in Aug. Sierra 10Q report. I suspect, with all the recent news flow from across the channel, we'll know before then though. If as some belive, that reporting on efficacy is the trigger for milestones then they have an obligation to pay what is owed to SAR and CRT. It doesn't matter to us where they get it from. They have to get it. The mm's have taken this down on tiny volumes mainly because punters are more likely to buy in a rising market. The MMs think something is coming too.

There is no way they've announce a fast track without the funds to do it. That RNS is still to come. The shareholders know they'll need to raise funds somehow. So the sp might still stay low until this question is answered. Im with Stoney here, I think CHK1 will get its own funding so not to spook the investors.

I think we'll see more RNS's this week or next.

The last raise was on the smaller size. IMO, this was because the board only wanted enough funds to tide them over until a milestone and\or an upfront from a TYK deal. Again. IMO. The board must believe one of the two (or both) will materialise before we need to raise again.

We've got Honda saying SAR are going down the pan. Maybe, AIM is risky and you can lose everything. If you can't afford to lose everything, don't throw everything at it. Yesterday's news from Sierra has derisked CHK1 for the time being and it's almost guaranteed our milestone. Unless you are invested in SRRA, why worry what their SP is doing. We win if they raise, we win if they get taken over and its a set figure of 88 million dollars (give or take a bit we've already had). Personally, I think they will on the licence or sell CHK1 to fund Momelotinib. Like I said. either way, we win. I think we have a wait until Aug, was it? the date for the 10Q. That's when SAR's fortunes will change. If milestones are not provisioned in the 10Q, we'll have to raise. We could, of course, get a TYK2 deal in the meantime. That would change everything.

Stop worrying about Sierra' s SP and investors. They will find the money because they have to. I'm not bothered if it's a good deal for their investors. They owe us what the contract says they own us.

And finally. My average is 0.74 so I'm underwater. but when SAR do come good, and I believe they will. I will go and look for Honda on a share i'm not invested in and go and do my best Harry Enfield "look at my wad" impression. If he thinks he's bitter now!

If they go into P3 with 747 they will almost certainly have to pay milestones to us. They've got to raise, licence or sell. Too good an opportunity to shelve. The penny will drop soon enough.

mm's had a ball? really? on 25 mil volume. They've made a few 100 quid. Today's news is great for SAR. We don't have to worry about the SRRA SP. They will get the money and when they do. we will get a milestone. 2020 should be a good year for us. 2019 is the setup. If you can't think past the end of the week, you're always going to be worried.

To be fair, Aber. Other than SAR. This is the only way I trade on AIM. Selling at 0.69 would give a nice little profit if you bought a chunk at 0.6 last week. They are selling now because they think it will retrace but they waited to see if it had any legs. Once SAR come good. This will be they only way I'll trade on AIM. Less chance of losing big and more fun. I'm about 5k up on PYC, just be doing this.

I reckon there are a few day traders got sells set at 0.75 - 0.85 etc.. Mm's have no stock to push the SP up so the auction is extended. We need a few sells to get this moving.