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CB, I agree with you on this, let it run to 28p, 50p or even a £1 and then consolidate if the wish but don’t crucify it before it has had a chance. Once it has reached a reasonable level it will have shaken off the penny share mantle, we can then reduce the volatility by consolidation if required, and that’s a big IF!
SOG, I really don’t think there is a need for consolidation, we all know that the SP is heading north from here over time. This tactic/advice is coming fro PH in my opinion and this premise that consolidation will attract more ii’s is complete bull…….!
While I am not a fan, and would be against it due to personal experiences, I am interested in any opinions regarding the following:
Should it be based upon the number of shares Sareum have in circulation, ie a given target, or the required share price that they want to achieve? which of these will set the consolidation ratio?
When asked about the cash runway at the AGM yesterday, TM stated that all was good to see us through to trials, low and behold dilution under the radar at 5p! You couldn’t make it up, very frustrating. If vaccines can be brought in line quickly, why is it taking us so long? Grrrrrrrr……
My experience of consolidation has always been negative, so I will not be voting in favour of it. Additionally their reasoning behind it never translates into reality, and I can give many examples. Just mention it and look what happens, an instant SP drop! GRRRRRRR……
Just a couple of observations; the floating of Atome seems to have had little effect on our SP, furthermore it seems like there is no appetite to invest in PPC just to get some dividend shares in Atome.
Get above 3p by the time of the flotation? Personally I hope so, plus a little bit more!
Brasso, at last LTH’s will see some kind of benefit by this spinoff. It may not put them where they need to be, or recover their losses to date, but it is not to be sniffed at. Hopefully the future will be much brighter.
GLA.
You can't make an investment decision without any information...... Time will tell if this is worthy or not!