Member Info for Silverfoil13

What a day to blow the bleeding doors off!! Happy birthday indeed ..

“Little more than a punt” .. always makes me chuckle in a very childish way and think of this letter to one of the national newspapers last year

“On Saturday, you published a photo of the UK prime minister above the headline "A dangerous cult now runs Britain" I was pleased to see that, despite the constant turmoil of the modern world, some things, such as the Guardian's famed penchant for typos, never change!”

In the summer of 2021 SAR raised over £4.5 million from 3 HNW investors at prices (todays prices) varying from £1.40 to £4.12. We are now at 25p!

3 questions.

Those guys must have looked at the science and been impressed. I don’t believe the science has changed so surely those guys would be interested in investing again at the current basement price of 25p unless they are so disillusioned with the Company and BofD they would no longer trust them with their money.

That £4.5 million was supposed to help complete the preclinical studies with SDC-1801 and advance it into clinical development, and to progress the preclinical development of our second TYK2/JAK1 inhibitor SDC-1802." So where has all the money gone?

What has gone wrong with management? They were able to raise money in large amounts in 2021, they quickly and skilfully reacted to the U.K. testing fiasco and moved 1801 to Australia and they renegotiated a deal in 737. So what is different now which seems to be messing up their judgement?

Oh dear .. 69 years old and still not learned my lessons ! As well as top slicing on the way up (done successfully with SAR) you need to set stop losses on the way down (not done with SAR!). This is such a shame. After successfully finding an alternative to UK testing in Australia and renegotiating 737 it looks like a dodgy financing deal may have done for SAR. One question .. how have they used up so much of the RF money so quickly since last autumn .. where has it gone?

With the market cap now down to just 20 million why on earth don’t one of the larger pharma’s just move in and take SAR out for what would be little more than pocket money to them? If the science is as good as the BOD have always claimed surely some of the big boys out there will know this?

Well they could dump PH for a start that would save at least £60,000 a year .. I cannot think of a single benefit that they have bought to SAR and I assume they must have had some involvement along with Mr P in the RF fiasco. Hey ho !!

After the AGM one of our larger shareholders was trying to persuade me to put another £50,000 into SAR .. glad I resisted the temptation. Company really suffering now from missed opportunity to raise money at favourable share prices in 2021. Got to say some really poor management decisions on financing here. Just got to hope someone with deep pockets out there still believes in the science. The only thing now is that further falls won’t hurt so much because they really aren’t worth that much any more!! It’s so sad!

I’m in at 10p and hoping for £1 plus from PRD so that means coming in at 10 to 1 .. as Jethro would say let’s hope it doesn’t come in at half past 3!! To be serious I see the chances of £1 here a lot better than a 1 in 10 chance

Morrymyboy I see you posted on RR a year ago at £1.47 .. hope you are invested there to make up for RKH .. RR has been a brilliant ride these last 2 years!

Been a great share for me.. in at 7p 22 years ago sold regularly all the way up to £1.50 and have 15,000 shares left waiting for £2.

I have been in RKH for nearly 15 years. Also bought a chunk of BOR recently. Just wondering which of the 2 shares folks think will perform best over in the next 3 years

Saw that Celle 👍

Great excitement on the HARL LSE Chat about this announcement and very good price reaction there.

Quite surprised RKH dad not RNS this too.

Market cap of £1 billion is a SP of around £1.60. My average buy price over 15 years is 50p so I guess I’d settle for that now!!

Now that would be a helluva result for SAR!! 😵‍💫😵‍💫

Totally agree HartlepoolBob .. I think tax evasion is abhorrent it’s basically cheating your fellow citizens.

There were many occasions when I would not agree things that clients wanted to do and in some cases I lost those clients.

Total sympathy to CCC so sorry to hear that story.

The benefit system should be there to help people who have genuinely fallen on hard times not to support people who can’t be bothered to work a full working week. 7 million people of working age on tax or universal credits cannot be right. It seems there are far too many people out there who know how to “work the system” and get benefits (and tax evaders too) whilst other genuinely needy cases find themselves banging their heads against a brick wall; it’s not right.

Hi HBob

Not particularly relevant but FYI worked for 48 years initially qualified as an accountant then went into industry at 24 (textiles) until I was 58 then re qualified as an accountant at 58 and retired 4 weeks ago. Built up and sold 3 businesses. I just believe there should be better incentives to work (higher tax thresholds) and less incentives to not work. To have 7 million people of working age on benefits just cannot be right.

I would slash all in work benefits by 50% to pay for an increase in the personal tax allowance to 18,000 a year. We have to shift the balance from incentives to not work to incentives to work and quickly. I’m fed up with lazy skivers in this country working the system paid for by people who are willing to work hard. It stinks.

Ah Fubar .. one of my Dad’s (and now my son’s) favourite words!