Member Info for potnak

I'm not expecting any news before AGM and if it does come it will be news to Tim and the board too. They might have done those same calculations, HBD and maybe even come to the same conclusion but IMO, The AGM will be the same as all AGM. A recap, some resolutions voted for and passed and a bit of forward looking sentiment from the board. I think RF will start selling again after the AGM so we could see the sp drop in the run up to Christmas.

Not really, had quite a good week. Some good opportunities closed and some healthy commission coming my way. Might even buy sareum shares with it. Time for a beer.

Carter, I have bought an extra 5000 shares since the RF facility was announced. Doesn't mean I'm happy about the precarious position we are in. It's a short term gamble and I will keep buying until the next spike then sell them but leave my 50k main holding running.

Enjoy the gym.

Yes, fanti no value in 737 is attributed the the current SP IMO, which is good news as there would be a nice spike on good news, however, if we got bad news or even a delay. The mm's woukd slaughter us. Worse still, there is nothing we can do about it. It's all in the hands of CPF.

Yes, Basser. I think we are closer to a deal than we ever have been but we are also closer to running out of cash and ways of funding than we ever have been.

This board is too air views, positive or negative and I welcome that. I hardly ever block but if you don't like the negative views block them. if you dont block them, at least try to see why they are negative. Since 2021, the negative posters have been 100% correct, the positive, not so much, if at all. Does that not make you think, 🤔.

Imagine this scenario, Carter. It's early 2024, trials look good and Parker is sat across the desk with representatives from Phama X. He's states we want £10 million up front and a billion in milestones. Phama x, shuffle the papers in front of them and say, well as you are are listed company, and we looked at you financial report. It says, here that you only have enough cash left until the end of this year. Are you really on a position to dictate the deal size? We can wait until you are desperate then make you an offer.

It's like having a Royal flush in poker but not having enough cash to stay in the game.

You stay in the now, Carter. Perfectly acceptable. Said it many times. Not all failed AIM companies had a bad product. Some were badly managed into obscurity. And for the altruistic amongst us. Don't worry about the science, if it is good, if will still be good if sareum have to have a firesale. We just won't benefit from it. The science is important but not as important as securing funding after 2024 if not before then. Next summer is the deadline IMO. Squeaky bum time if we get into spring with no news.

After all this time. I'd be disappointed with anything less than £10. £10 is achievable with good 1b data, a licence and a 737 movement. However, in the interest of balance. We are, financially speaking, in a precarious position. I think 737 was plan A, plan B was maybe a placing and the RF facility is plan C. We have enough cash in the back and avaliable to draw down to see us to the end of 1b but what if the licence doesnt come in time? I hope plan D addresses all this.

Silver, yes, that used to be a thing for the semi retired city folk. A good way to keep in contact and keep your ear to the ground with what's happening in the investment world. Buy the minimum amount of shares needed to qualify, then turn up forcfree refreshments. Not sure if it still happens.

Oof, thats another big number, Billy! I think RF are probably waiting to see if the run up to the AGM brings any thing in. I've been buying small traches since the RF news was announce. 5k shares in total. I know this will confuse those who think you should only have one view but my answer to that is 737. I now have 55k shares and these new 5000 shares are my trading pot that I will sell on a spike and 737 could be the next big spike. If not the p1b data readout should see us spike.

Read your other posts. Look like you aquired your holding the old fashioned way of buying in traches. Still HNWI levels of shares though. I wonder how many other big holders are our there. Good luck to all of us.

300k shares wouldn't be far off the equivalent number of share one of our HNWI was offered! You're not outing yourself, are you, shep? Where do you come from, not a Chocolate producing EU cousin of ours is it? 🤔

I'm thinking the same. 20k sells a day is 20 weeks to get rid of the first tranche. I know some days there were more than that but we are also assuming all big sells were RF. We're on week 17 or 18 too. I think they have some left plus the new ones.

If they have sold all 2 mil of the first tranche, they won't be anywhere near recouping their cash yet. Most of them were sold under 80p the 70p. They might wait for an AGM type boost and sell into that but IMO, this tranche they just been given will be offloaded before the Feb tranche is due. Then we'll need to give them some more to break even, then more to profit. It's weighted in their favour. I think we will be diluted by 5 million shares by the time the RF facility is settled. Hopefully, It will be worth it.

I'd never heard of RF until they got involved with Sareum but instead of shooting the messenger, I went off to see if the messenger was telling the truth. It turns out they were. 737 keeps me invested here and that's that.

I guess not all their finance is structured the way the Sareum agreement is.

I tell you one thing, the next time RF get involved with any company you are invested in. I bet you sell and wait to buy back cheaper. I know I will. Everyday is a school day.

"This might fail or it might be worth 2Billion!"

Thats the most accurate thing you've ever said, One!

Oh wait.....

MUST ONLY HAVE ONE VIEW. done in a Darlek voice.

My view,

Science = good

Boards ability to protect shareholder value = bad.

I don't come here for a hug. I come here to learn something that I dont know. I might even setup a Google alert for RF financing RNS's and short them. Seems like a dead cert.