Member Info for potnak

I think we'd all like a buyout and as, I've said before, I'd be disappointed with anything less than £10 pound a share. I don't think we are anywhere near that kind of valuation. More importantly, I don't think our board can get us there in a timely manner whilst at the same time, delivering shareholder value. IMO the board have gone as far as they can with Sareum and the compounds. They've done a good job over the last 15 years or so but have been shown lacking in some areas in the last 2/3 years. It's time to on license and get some experts to push it forward. Get a good upfront, get 1802 into a similar position then maybe buy in a compound to develop while we wait. The above is litterally the Sareum business model and what all LTH invested in all those years ago.

Whilst it doesn't hurt to set a high sell price. It doesn't stop shorting the stock. It all depends who your broker is. This method has been debunked a few times on here. For most brokers, if they have your shares, they will loan them, it's as simple as that. Many here spend a lot of time thinking how to protect their investment. The answer is simple. If the compounds work and the company can remove the threat of raises and dillution. Investors, institutional and private will come and the market cap will rise. The aim of this game is not to own as many cheap shares you can. It is to get a good return on the shares you already own.

I still think there is an overhang. There wasn't enough time to offload the full 3 million shares issued before the final tranche were Issued. I think the big sales we saw were RF trying or maybe required to keep under 3%. Like I said all we really know is they have less than 3%.

I think they will be out by the end of next week. I also predict that today's sells will be reported @26/7p when it lands tomorrow.

I don't think that is tight HBD. The balance of the RF facility isn't paid back via the sell price they get. It was paid back at the placing price minus a discount. That how sareum knew how many shares to issue to settle. They couldn't do more than 3 million as that would risk a TR1 and maybe there was a clause in the contract to protect sareum in that respect. They are nearly out and have made a nice profit to boot. Still have warrants too. As do other investors. The dillution isn't done yet but hopefully, we won't care as the warrants will be excised on some stocking news.

That's a good point, Lsesar. The volume does suggest a slowing of selling from RF. All we know is they hold less than 3% of the shares. I think they probably have less than a million to go and will do 250k a day until out. I wonder how many will report from yesterday? Also, the mm's can use this pattern to hide other big trades.

Causation or Correlation. Will the SP fall because genius says it will or would it fall anyway and genius is using that knowledge to short the stock. With ten of millions 10p shares sloshing around that are 150% in profit, the sp is going to be volotile and I suspect that genius will be proved correct in calling 25p. Personally, I think anything under a pound will eventually make a profit. So the intra day fluctuations are an opportunity to play the game. It's a fun game at times.

If someone can offer an opinion that the do is going to a pound then others are more than entitled to say 25p. I don't know why people get so mad at it. The fact is, without demand for shares, the RF sell off can only take the SP down so in the short term 25p is more likley to happen than 35p. I've got cash to buy this week. I'm waiting to see where it settles.

Yes but I genius has been a member since 2011 with almost 20k posts. No way have they lasted that long by being disruptive and tag teaming. Evdryone doing that thing again. Having a go because they don't or won't agree. With RF still offloading and buyers drying up. The sp could well fall to 25p today. Is it because of a few naysayers or is it because, that's how the market works?

Again. If this was true, that would be an incredibly long game someone was playing. the consolidation was Dec 21. Nearly 2nd a half years ago. There is a tendency, especially in the social media, and internet age to not trust the narrative, citing they are all out to get us. When in reality, we probably had ideas above our station and the board (and shareholders)have been brought down a peg or two. I'm not saying there is no corruption as there always is but in Sareums case, we've been shown to be lacking in some areas and exposed as the AIM minnow we actually are. Big learning opportunity for me and all to play for as far as I'm concerned.

Even if the case, there are still another million unaccounted for. Probably just a nice number to sell through broker without lowering the price. We might now see 2 days of 500k sells or 4 days of 250k sells or a mixture.

The warrants are a different scenario all together. RF sold all shares as quickly as they could at any price, knowing that sareum would keep giving them more shares until the debt was settled. The debt is as near as dammit settled and they have made a decent profit too. So the warrants are the cherry on the cake. They could exercise them when ever they want at what ever price they want, know they will only ever pay 10p for them.

My guess is warrants don't matter as they are a known quantity. Same as the HNWI warrants, If exercised. I would be good if the board could give a final figure of shares in issue if all warrants and options are exercised.

100%, SOG. Whatever happens next needs RF out of the picture as a requirement. I'm thinking the "non-dilutive partnership" as per the Edison report. Needs a known quantity of shares in issue.

Sareum have 3 advisors.

Broker 1 - Hybridan - They do our reports, broker notes etc. I think we oat them £60k a year.

Broker 2 - Peel Hunt - if we are to believe the board, PH were engaged to market Sareum to institution investors. To do that, the company needs to be stable, investable and a, safe ish pair of hands. IMO, PH will have recommended the consolidation, because over 3 billions shares in issue make you look like a penny stock. Ironically, that where Sareum find themselves again.

Nomad - Strand Hanson are the Nominated and Financial Advisors. They would have looked at this RF and advised on it but at the end of the day, the buck stops at Parker and the board. It looks like zero due diligence was done. 10 minutes on Google and lse chats boards would have told them RF were bad news.

I dont want a witch hunt but I also dont get why we give the board a free ride here. Their decisions nearly finished the company.

It's done now but we, the shareholders must never let it happen again.

You know, the human brain can think more than once thing at once. I'm buying, and will keep buying all the way to a pound. Possibly more if news flow is good. Couple of points though. Raises with big dillutions are bad, it kind of universally accepted they are bad. They are bad for long term shareholders, they make the company look weak, inductions, will avoid and so on. If the board had pulled their finger out and secured a deal. You could've still bought cheap shares that didn't dillute everyone else's right up to the point where the deal was announced. I think it's just plain weird, why you can't bring yourself to say it. Yes we may all end up with what we wanted but we all had to risk more cash to do it. Unchallenged and you end up with VAL or any of the dozens of other companies that with good intentions or not, ended up shafting their loyal shareholders.

Yes, all calculations need to be gone on market cap. I know that's you should go it but we all throw sp predictions around that need to be recalculated. I still think that if all goes well, SAR could have a valuations of around 2 billion. End of phase 2 going into phase 3. Before RF that wasn't far off £30 per share. We'd now need a 3 billion valuation to get the same £30. Generally, I dont have a issue with raises and dillution but it's the scale of this one that grates on me. The cash from RF, the Raise and the wrap genrated less than £5 million pounds but cost approx 40 million shares. If the SP were to get back to £1 that's a £40 million cost to run a phase 1 trials, if it got to £10. That a £400 million cost. Worse than than that. The whole saga hasn't even secured our financial future. If the RF facility was the best option, what was the worst?

RF gone, that should say. They should be done by the end if next week.

With only 0.2 million owed. That's RF if the SP can be held around this price.

I'm far from a ramper but I'll be buying once or twice a month as funds allow anything under a pound and the only gets us in the region where we were last summer. We might get there this, quarter or even next but it is coming. My next tranche will come next week so, I'm fine with a little drop in the SP. The only pinch point I can see coming is funding for 2a, maybe Q3 or Q4 24. If non dillutative, then we are on our way to £2.