Member Info for potnak

Id agree with that Nav. Also the range, 18 to 20p for a few days now. It's the sort of thing that some bonus liquidity can bring. Once all sold. The sp will find a new level. Probably down.🙄

I think it is important to point out that the p1a data isn't going to be peer reviewed. They will publish the manuscript in journal, that invites peer reviews. So no guarantees for us. Also, any peer review will be just that. The review will look solely at the science and data and they may have a different view of the data than the board has. It is also P1 data do not going to set the works on fire. Whoever has been 'advising' Sareum re trails, obviously doesn't believe the data so far is goes far enough to answer the Tox questions around legacy TYK 2,jaks and MTD so they advised an extended tox study.

Personally, I don't believe we have a pharma advising us. I think it is probably a specialist CRO.

I sort of agree with the 20p sentiment but without news flow, the SP will drift. Unless we get a 737 update, the next likely news is either an RNS to signal the end of the initial 16 weeks of the tox study or notice of interim results both could home in Oct. Personally I don't think we will get the full results report until November it even December. We may not see them published at all if a licences deal is signed.

The only outlier here is the publishing of phase 1 data in a peer reviewed forum. I'm not sure this will add any value but I have purchased 28k shares this morning, just in case. Parker said soon so who knows.

As someone said then other day the order to sell was probably placed when 19p was reasonable but the mm's will have needed liquidity to keep the SP above 19p. The only way to generate liquidity, in this case was to give the illusion the SP was rising by more than it actually was. Mm's making a market. Id be happy for the SP to stabilise around 20p for now. I do have a buy order in for 18.1p with my top slice cash from Monday. Not fussed if it doesn't get filled.

I'm wondering if there is another big order being filled. The bid keeps bouncing off 18p, with 'sells' around 18.5. feels like it is being kept in this range whilst an order is filled. Probably a sell of the remaining warrants.

Yes, I have a spreadsheet that uses the 156 million shares for calculations. I thought it was Billy B who said it though. Doesn't matter really, both Billy and Shepheard are both big holders here. Both not far off TR1 size holdings.

Yes, this, LSBM. That's how I read it. We can expect more or if these as we climb up to the full 156 million shares. Alaso, Aber maybe correct, a million shares for 12.5p, sell them and buy more shares. But it could also be a HWNI reducing risk. You don't get to be a HWNI individual and not know how to manage risk.

I sold 27000 shares for 20p to skim off some of the profit from the last week. Will buy back in when the sp finds a level again.

I use Trade plans all the time on Halifax. Set a buy or sell price and if not reached, close it the end of the day. The automated systems, would treat tradeplans the same as dummy buys\sells. It's an order, waiting to be filled. I don't use level 2 anymore but when I did, if you put a decent order in and the MM's wanted it, your could watch them steer the price that way. So you definitely can manipulate the markets if you have deep pockets. There was a guy who visibly built a big holding on pyc (I think) a few years back. , and rumours and then he sold the lot on the rise.

Probably a sizable order for lower than 22p. All sell look to be finding a buyer. If it is an order, the SP might pull back once filled.

There doesn't look to be a shortage of buyers above 21p, unless it's all one buyer, of course.

Calm before the storm? MM's still trying to move it up but it looks to have stalled.

You need to click to see the others. Most too riser boards are the top 5. Probably don't need the wombles just yet. Let's get a bit of organic growth before the herd comes.

So close to the top 5 risers board. That's where the AIM herd hangout.

The decisions the board make between now and Tox study readout roll determine what happens in the next 5 months or so. A confident tweet, maybe an update on the study even and we could be at 50p by the end of the summer. Could easily be 25p next week. 23p today? Just waiting for someone to utter the classic aim weekend ramp.

Yes, 25p would be a nice new baseline.

Just for clarity, I would support a raise if it was done at least double todays price. Preferably over 50p.

Yes, maybe but even a small £5 million raise from HWNI would mean a 25% dilution for the rest of us. Like I said, I don't envy Parker. He potentially has a Royal Flush but not enough funds to stay in the game. Let's hope the Tox study or 737 can bump up the SP so that any raises, if needed don't dilute the rest of us too much.

Id agree with most of what you write, snoop. However, the issue fir Sareum is they don't have the funds to go much further than the end of the tox study. The board know,we know that and so will any prospective buyers. Parkers negotiating hand is lacking enough funds to walk away from deals. I don't envy parker or the rest of the board. Everyone knows the potential value if phase 2 starts with good tox data. The appointment of Oberon as sole broker kind of reinforces the strategy is BAU. This being to on licence. I say this because, Oberon don't broker big deals. They put investors and small cap companies together. There could still be a buyout offer but IMO it would be discounted. To reflect the finances. Id hope, if this was the case, that the board would bat away anything less than 500 million.

The capstan deal announced on Monday shows that pharmas will still pay billions for phase 1 assets. I think the big difference there was capstan had just raised 300 million dollars do had more than enough to go into phase 3 alone. So I think it was a case of 2.2 billion now or 5 billion when in phase 3. For Sareum, we don't (yet) have the funds to go much past the end of the year so a heavy discount would be applied if an offer was made. Beggars can't choosers and all that. I still think 500 million would be the minimum but your £4.50 would be around £700 million which I believe is a fair price for everything.

Relatively small buys though. Could be Oberon recommending to their wealth management clients.