Member Info for TraderMatt

I'm definitely not sure about the legal requirements for wording in an RNS and the finer details of the AIM rules about distinguishing between warrants and shares. My understanding is that warrants are shares that are to be exercised within a given time frame.

I think we have to issue shares when RF ask for them according tot he RNS last August.

Included in that is a blend of shares and warrants. From my rough understanding, someone will need to check this, 1.6mil of the shares issues go towards paying off the balance (at approx 10p a share) thus £160k removed from the outstanding balance, the other 1.4mil are warrants for RF to do so with at their whim over the next 48 months

The conspiracy theorist in me is seeing signs. MMs holding back share trades and there are possible indicators to put the brakes on while they load up.

Could be another issue of shares to RF later, take another big chunk out of the £800K owed. another 2.9 mill shares at £300k would go well at the moment considering the SP's resilience.

GLA

HBD, I've needed a good chuckle today. I'm with you. I'd buy those b@5t@rd5 out, but I think they have what's coming anyway , considering their uniquely written agreements and ethics. Their downfall might be the very reason they're persistent in demanding shares from SAR and not waiting until 16 months time.... they probably don't have much time left. Their downfall may also be a good cryptic signal that times could be about to change.

Feel your pain, and share it. I probably have a little advantage here with time on my hands (famous last words). The reason I say that (not flippantly i might add) is that I get the impression there are a lot of LTHs who are near or nearing retirement age and this could/should/might be the final hurrah to get over the finishing line. With that in mind, I have also been here (albeit very quietly) since the first big jump. Managed to get it at the old 0.5p when the share was rising from 0.2p and less, then fired up to 4p+ on the day. Sold and made some cash. At the time I was a respective infant, making a fair few hundred pounds, money to clear cards etc. Now further along in life, and many many years later, strangely I still have the faith. Whilst I don't believe in sharing positions, quantities and averages, I will divulge that I have two distinct positions in SAR, one which allows me to momentarily profit from the instability of the SP and another which is indeed long and perhaps longer than most. Lots riding on it, to the tune of 40% of one of my portfolios. I really believe in this share, not only because I'd like to make some life changing money, but for the far more important reason that SAR could genuinely help hundreds of thousands, if not millions of people worldwide with their research. This is an ethical buy as much as it is one for hope of profit. Seeing the SP near destruction was doubly upsetting, hence my positivity that we're hopefully starting to see the tail end of the RF meddling and then onto an SP gradual rise.

Great point HBD, if RF are indeed in a spot of bother, why pump money that way. Let them find their own way.

Just been thinking, perhaps the reason the BOD don't pay off RF is simpler than we all think.

They now have the funds to sort the company through the year, security for the end of Phase 1 and perhaps enough to kick off Phase 2 or at least funds towards that. The share price is inconsequential, they must know it'll bounce back on news, so what's the advantage of burning capital to pay off RF? Let them have their shares and do what they need to, the lower SP will entice new investors. The only advantage I can see to SAR paying off RF is to shut us lot up and stop our impatient whining. I say let it roll and see what happens over the next few months. As for now what an opportunity to buy a load more.

RF shares: 2.9m

If sold forward yesterday at rate of 1.45m quantity sold

Today 500k quantity sold so far...

RF could be all sold up by Friday, then requesting more on Monday

With £800k to go that's 3 more tranches at 2.9m shares or so, we could be seeing the back of RF by the end of April all being well. Yes the SP will flounder at 10p or so, perhaps a steady decline for the next few weeks but as soon as RF Foxtrot Oscar, we should be able to see steady gains on the SP, let alone if that coincides with news at the end of the month GLA

Laz, i had the same thought.

1) The rats have run back to heir nests

2) RF taking their chunks and selling fast

3) MMs remarkably not screwing this down to ATLs (at the moment)

Either news incoming soon and the market is awaiting it.... or MMs going to see how long they can milk this cow

Re-reading the terms of the Equity, RF can at any time request the next tranche of issues once they have exhausted the previous set. I think this is just the next 50% to 65% range of the funds owed to RF. 2.9m taken, remaining 800k owed (after this issue), and this set equates to 300k approx. we're just over halfway through the RF saga.

I'm reading the RNS as profitability in FY2024 (this year) which was not on the balance sheet in previous years. Getting a feeling this will tick up

Looks like some great news! Could be a nice lift in SP today

Certainly some interesting scenarios, but don't RF get issued the the shares at the 5 day VWAP? Which is currently 11.49p?

£800K and the £330K issued Friday means we're probably only halfway through RF's selling debacle. But the upward trend recently does help, particularly as you mention Andy, some of the forward selling could be RF clearing the shares at a good price, because the demand is there.

Big question the next few days is how will this impact the SP? Interesting to see if this share issue to RF was timed for any particular reason.... i.e. they have 16 months to clear the debt, so why the rush? Do RF have the ability to demand the max issue each time they finish a tranche?

It'd fit the patterns this morning Potnak, if RF have indeed dried up and are holding their warrants, the MMs will want to hold the price to allow time to top up in small loads so not to spook the market into FOMO buying. Not sure why else anyone would shift 400 shares as a sell?

I've pushed through a trade at 12.3p, but seems to be hard to buy. MMs keeping a lock on the trades unless you bid up

Struggling to top up.... can't get a quote to trade.... any news?

Ask won't move today because the issue of shares at 10p to existing holders. Monday will be interesting to see how the SP performs under normal conditions now finance is secured, RF are effectively settled and there looks to be smaller shorters closing their positions over the past couple of weeks? For now have a great weekend all. Fingers crossed for all who may benefit from SAR's potential future treatments. Their efforts could change the lives of many people if we can push this through to commercialisation

Best news on SRA737 I've seen for a while. Further demonstration of the efficacy as single compounds and in combination with other compounds to target cancerous cells. A real fantastic bit of research into prostate cancer. Thanks for sharing!

A phase 2 trial could be anywhere from £5m up to £15m. Definitely a raise required or partnership/deal required. 737 might just be that golden goose. GLA

I want to say a well done to all who committed to the WRAP, to raise more than triple the required amount is a great achievement, and hopefully with some care from the BOD with the cash and a little luck with offers / clinical studies results we should see a steady march back up to the pounds not pence. Difficult to say for sure, but i sure hope this piece of the puzzle is set in place for this to add some confidence from the market and demand can start to take hold