Member Info for Silverfoil13

We certainly could easily have raised £10 million in early 2022 that would have seen us through Phases 1 and most of 2. It is unforgivable that PH did not recommend or push that through.

Thanks guys. What I don’t get is how the 4 million shares that RF have been involved with, which was around 5% of our shares, could have had such a cataclysmic effect on the share price?

Is it possible to determine how much RF have lent us to date, how many shares RF have received, how many they have sold, how much we still owe them and when does it have to be repaid? Do we as shareholders have any rights to this information in the way that the public have with FOI requests? I wrote to IR on Wednesday requesting confirmation of the PH situation .. no reply to date.

Hi Potnak the problem I had as an accountant was getting enough information and appropriate reports to differentiate income from capital gains and in the end decided it wasn’t worth it!!

Frankly I would ban financial instruments generally that are too complicated for an averagely intelligent person to understand. I did Maths A level qualified as an accountant in 1979 but the hardest exam I ever sat was the Derivatives paper in my CISI investment manager exams 10 years ago; my daughter sat the same exam at the same time and completely agreed. I understand derivatives are meant to create stability but too often they do the opposite; there are plenty of examples from history of derivatives destabilising markets (Soros etc) and other financial products that even the heads of the financial companies didn’t understand (run up to 2008) .. this can’t be right. Bitcoin is something else entirely .. a ludicrous product so complicated that I refused to prepare tax returns for clients with crypto currencies on. The swings in the price of Crypto are completely ludicrous and they like derivatives and like subprime mortgages will sooner rather than later cause a financial crisis on the world stage .. no question!

same as you rayboy .. too much of a *** to buy through pension or halifax so bought on open market at just over 11p. very happy with that. never dreamt i’d get a chance to buy in again at these prices! 10p/11p/12p in the large scale of things doesn’t really matter that much if it goes up to £1 or more

Agree Gunnar I think the shareholders may have helped save the day .. extraordinary how quickly the BofD reacted to the pending over subscription on the retail offer; they couldn’t snatch our money off us quickly enough! Let’s hope it’s bought us enough time to get 1801 results through. I hope PH have been ditched.

Your 8 posts in one evening haven’t added much .. what’s the point?!! Any thoughts on 1801 Phase 1 or 2 or 1802 or 737 that might add to the pot of knowledge?

Tafkap, Puma, Robin Hood etc .. all remind me of a question my 7 year old son asked me 30 years ago .. Dad .. before we came here we were nothing .. right? I said yes! And when we’re gone we go back to nothing .. right? I said yes! So he said well what’s the point? Just like posters on here who appear out of nowhere .. say nothing of any use to anyone and then disappear. Completely pointless! Please leave us real investors alone so we can wait patiently for the science to be proven one way or the other and please stop clogging up the board

Let’s hope PH really have been removed as brokers if so there should be an RNS because it is fantastically good news. The sorry tale has been PH appointed 29 Oct 21 share price £3.20; consolidation I guess recommended by PH on 4 Feb 22 share price £1.85; RF I guess recommended by PH on 3 Aug 23 share price £0.97p. Share price today £0.10p. It’s absolutely shocking. We could have raised £10 million at £1 easily in early 2022 and that is what the broker ie PH should have been recommending which would have funded us through 1801 P1 and 2 and most if 1802. Why the hell didn’t they do that? It’s not hindsight people were saying it along time ago. Thank goodness we the LTH have bailed the company out again and they had better remember it this time .. they are a very lucky BofD!

Looks like SAR are indeed increasing the size of the retail offer!

In their 3 big subscriptions in 2020 the HNWI’s subscribed for approx 1.5 million shares; in the current offer the HNWIs are subscribing for 2.25 million shares so if it is the same guys then there will be a bit of averaging down for them as well as for us smaller fry.

Thanks SOG for clarification

If the offer is oversubscribed is there any facility to issue more shares to soak up the excess. I recall PRD doing a placing last August via a book build aiming to raise £7 million which was oversubscribed and they ended up raising £10 million!!

Sorry to hear that Warthog wishing you a speedy return home .. did you say Robin Hood and Puma were in with you 😵‍💫😵‍💫

Hi Gunnar hope alls good up in your neck of the woods. I’m just glad that SAR appear to have bought a bit of breathing space! As Pascal said again and again in December it’s the data that matters let’s hope some good data is not too far away. I think a licensing deal on 1801 to pay for the way forward on 1802 , the big one, is the key!

Okay MegRS well that would at least get the share price back above £1 at which price my current shareholding would have doubled up on its initial cost so not a disaster but I believe if we get well into Phase 2 we’ll be well north of £1.

So using baybridgebio what value SAR?

Having been involved in a number of penny shares where consolidations proved disastrous I have a feeling that this one has been done for the right reasons and we will see an increasing interest and share price?

Whilst I’m glad the ball is finally rolling on a money raise it is absolutely ludicrous that money was not raised sooner and at a higher price. This is not hindsight people have been saying it for ages. It is also shocking how little the BofD are investing in this potentially life saving raise for SAR. Given the salaries they have drawn over the years they must have been able to put more than a few thousand quid in surely? Or maybe they are content with the million or so shares they already own? Who knows. At least the Company should be around to see the current tests results revealed and the next stage of testing commenced which if good should see some of the damage repaired. At this moment in time just getting back to the long term average of 75p (1.5p old money) would help me breath more easily!!