It is truly pointless trying to guess where this share will be in the next few weeks. The distressed seller is now on fumes, so that will allow some movement North. Some are saying not to expect news for 7 weeks. Sorry this is crap. If practitioners are seeing visible benefits from using SNG001, there will be huge pressure applied to MHRA to expedite the test or widen the test within days. Synairgen has been producing stock to allow for any such change.
This is a unique and exciting time for the business. Richard is not sitting around waiting for news, believe me !! He continues to meet with some of the biggest and best companies on this planet. An RNS update on these meetings could and should land quickly !!!
Richard Griffiths held 14.06% shares in SNG. He has been selling his holding here and other shares. He has been classed as a distressed seller. He had 3.6m shares to sell from last Wednesday. Volume had been around 14m, so he will be close to out.
Once out we will have only the standard buys and sales. The distressed seller will be gone.
Let’s also not forget for the last 2 weeks Griff has been selling into any increase. He will be on fumes now. They had 3.6m on Wednesday. So should be cleared today. As a result we should see free and fast movement North once he is OUT FOR GOOD.
They “will not wait” 6 weeks. Sorry to disappoint. If positive results are being seen. Tracking will continue for the planned 8 weeks, but the number of people being treated will increase in line with drug availability.
synairgen does not have enough fire power to go alone. I think we all agree on this. Richard has been holding strategic meetings for 14 days now to identify a suitable partner / partners. When this lands the share price will explode. My advise is to get as much into your isa as possible.
Anyone in contact with Richard will know just how busy he is.
Two observations: 1. For all the shares in AIM to troll shame on you. Let’s hope your family or friends don’t need medical attention! 2. Today is ISA day. I switched £20k SNG share this morning into my ISA. There will be churn all week.
Final comment Griff will be out today. So expect upward momentum now head wind is decreasing.
RE: BBC/Sky news was that about us do you think?03 Apr 2020 17:52
Are you running the clinical tests ? It is highly likely that we are Primary. We have 10 NHS trust onboard. We also could be testing in EU. It is in the scope of the trial.
My take on this share is that ramping is understandable. We want this to work as it will benefit our family and friends. We will also make serious ££ if it is a success. So let’s hope it works. Only the weird and non invested will troll this share.