Member Info for Seawolf

EFlamis, clearly the suspension post was incorrect, where did you glean that nugget from?

Looks like the post consolidation price will be around 13.5p bas on the average price of the last week or so.

Last chance to top up then!

I wish i could know or understand why, it beggars belief! I had forgotten about this dog until next year at the earliest.

That the purchase by MM was solely to drive up the 10 day moving average SP prior to consolidation. Before his purchase post consolidation would be between 8 to 9p, now we are looking at 14p or slightly higher. Does anyone else have any views on this?

GUG, it would be interesting to know how many shares they still have to convert. No doubt they will be with us long after consolidation.

Effectively they have doubled their money, if it were to be converted today (which of course it can’t), just making a point!
This drawing down and issuing confetti shares must stop WTF is going on Masterman?

To top up before consolidation next week. GLA.

A very reliable source has told me that there will be a presentation at the AACR that covers SRA 737 in combination with AZ’s WEE 1 inhibitor. It will outline that there is good reason to continue development with our drug. Sadly it’s all in the hands of Sierra!

At least MM is anticipating a rise post consolidation, maybe not immediately but medium to long term. He has the confidence of a salesman. The sceptic in me thinks that this could be a ploy to boost confidence and induce buying, thus raising the SP average prior to consolidation.

Oops, please disregard this, it was supposed to be on the WRES board!!!

Is clearly expecting a price rise post consolidation, at least in the longer term!

I think we could do with an update of some description as the SP seems to be sliding down for no reason. No news is not good news in respect of the markets.

That would be good, its a long way to go from 70% + down though! I've been in this a long time too and will remain at least until break even.

Lots of people buying and possibly averaging down which could be a good thing. The SP is rising slightly which may mean a higher consolidated price. Here is the risk though, will he SP increase or decline after consolidation? you pay your money and take your chance! IMHO it could go either way in the short term GLA.

OMR, Michael will still need to pull his finger out, otherwise there will be more scope for the SP to fall. He also has more scope to fundraise (more dilution) which I hope doesn’t happen.

GM, the simple answer is that the deferred shares are a vehicle to change the nominal value, and to complete the consolidation. You will have no more or no less than your current holding (to the nearest 100 (post consolidation) the fractions left over will be sold and donated to charity. Just bank on the 100:1 and take it from there. I hope this helps!

I’ve got a couple of Florins and groats in my old money tin if that helps!

OMR, 100p is the level we will need to reach to achieve the 1p in old money, a long way to go and a big ask from 8.5p post consolidation. Its a bit like the Treasury and the cost of Covid!!!!!!

Safety, that would be great. In the back of my mind I have a thought that MM has taken this opportunity knowing that things are low, with an eye on improving figures in the months ahead. If the worst is now behind us, the post consolidation period could be a much happier place. He will need to deliver though!