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Point well taken Guitarsolo.
I suppose what I was trying to say rather clumsily was, it is a dangerous game when companies partially owned by the man in the street, either directly or indirectly via pension fund investments, assume that they can start meddling in politics, an action which may well be ultra vires their M&AA and, in a roundabout way be a vehicle whereby the BoD can peddle their own personal opinions under the guise of company policy.
Sure is and unfortunately big companies are getting badly infected, witness the NatWest/Coutts/Farage debacle in which Alison Rose chose to break what used to be the most sacrosanct of all banking rules, absolute strict confidentiality when
making what must rank as the most astonishing decision in banking history, canning a customer because you don't agree with his views on contemporary society.
Let's just hope Blanc and the BoD restrict themselves to the occasional pop at the government: refusing to insure certain
persons because of their opinions, while appearing to be beyond the pale, might also appear feasible under this present social regime where anything seems possible eg removing books from libraries because they "offend" a minuscule section of the population.
Stick to your last Amanda.
Ok-point taken. Presumably then you have sold your complete holding, always assuming you had one of course, in which case why are you still posting every day and overplaying the tough market trader part?
Many thanks Hotblack.
Yes, after my declared opt out ( I was having a bad hair day, what's left of it-I had a full head of same when I first bought into Sareum!!) I decided to take a long hard look at the present scenario. There ARE risks of course BUT we seem to be in a better progress curve than ever before in terms of the techy bit but I am still concerned about the quality of management which is the lifeblood of any organisation. They various finance type of decisions they have made this year, all declared to be "in the company's best interests", or similar seem to have had the opposite effect. When questioned about the RF deal at the Q&A they merely said it was the best option but, unless I missed it, they failed to say why.
Also there is an air of evasiveness sometimes eg the present state of play with 737-it was some of OUR money that went into the original collaboration if I remember correctly, but we finished up with no seat at the table.. I have to say it beggars belief that a company that has invested shareholders money in a project then allows itself to be sidelined from any future control and now has to rely on the whim of others for any news. At minimum I would expect our BoD to be in regular communication with CRT to ascertain what the Donald is going off, not just sitting back and whimpering that "we have no say...etc"
Parker worries me as well-what EXACTLY is he doing to warrant £58kpa?
He was going to be our big gun but how much time does he spend on company business eg going out and getting our name known by his City chums?
I asked the question via the Q&A session 2 years ago but received no answer.
Finally I am not sure that having TM (or any scientist for that matter)as CEO is a good idea. It is said he is a b....y good scientist then let him concentrate on his strong suit rather than playing at being a businessman and get a hardnosed
exec. in his place- this ain't a playground its the AIM jungle.
Finally a management gem from the archives:-
"On 19 July 2012, the Company issued a Trading Update stating that it expects to conclude a commercial deal with at least one of its research programmes by the end of the calendar year, and the Company stands by that statement."
I rest my case.
GLTALSS
Andy-there has been talk of ructions ("wrath") at the AGM before but they never happen 'cos very few people turn up. Maybe this year might be different as the natives are certainly getting restless (and before anybody starts accusing me of racism we are all "natives" of somewhere!!)
Https://news.cancerresearchuk.org/2013/09/24/crt-pioneer-fund-bacit-and-sareum-enter-agreement-to-fund-development-of-drugs-to-treat-cancers/
Note the comment by Tim Mitchell (a shade over 10 years ago!!)
I believe you Kentio- there is nothing the City Boys and their journalist Chums will not stoop to nowadays to make a fast buck right under the noses of the FCA
(Just for a laugh compare the cv of the ex boss of the FCA, now Guv'nor of the BoE , with that of his predecessor Mark Carney.
How on earth Bailey got the job remains a mystery)