Member Info for xviolet

Its highly probable this will multiply many times from....

you can't say that for certain. I think when people are nursing 90 per cent losses its time to look carefully at people who say things like this and thing long and hard about their degree of enthusiasm. which is great, good for them. but maybe balance it with an understanding that Sareum may have to seek funding for 1b (that's my bugbear and I don't claim to be correct) and that the 1b trial could easily yield results that are either hopeless or just not quite good enough for a commercial product. so...

its just as probably that from here a fundraise takes the share price down to 3p and that a less than successful 1b type trial takes the share price down 0.2

i'm sure you are all aware of the risks - but you can't be - otherwise people wouldn't have lost 90%? I can only assume that risk management wasn't taken seriously. please take risk management seriously. and have a good weekend.

There's no 1b.

the original RFO funding was for 1a and 1b because if there's no 1b there's no serious data. and if there is no serious data of trialling the drug on actual, sick people there is less chance of getting JV or license deal. but granted its only how i see it.

so now we have no 1b. and no sp. and warrants. not great. and I feel bad for anyone who is seriously down - don't believe the mad, in-humane rampers - guess what I'm not down because I never believed them.

Anyway things may well turn out OK. There's years of research in this company. 737 shows they can break through. So lets see what happens next.

Rise?

never noticed it.

not into this share for 8%.

I might be wrong but the bigger traders I know were telling me hold off on buying DGI because a fundraise is due to pay for manufacturing/factory etc. Looks like the company has got there with no raise. Lets see what happens next. Glad I ignored my trader mates - I just figured this was one to buy as its going to be a huge mcap company by xmas....huge.

Trek - they won't complain.

Quite a few of the holders think they got a good deal. Same mistake they made last time.

I'm glad the company is still going but I thought they need 1b data to get a JV or a deal - that's when they trial the drug on real life sick people. And that still a way away. Still good the company is going to keep going and there's plenty of material for the rampers to play with. As always one can buy - just carefully.

Groundhog day. or an acid trip.

pretty sure we've been here before m007j.

if it wasn't you it was someone else.

We get these long empty drifts and then someone tells us EISB is going to go bust. this must be the 3rd or 4th time this has happened. been here before. and before. still this time the US distribution - if you believe the X's (tweets) - the US distribution is not bad. don't know if its enough to keep them going. i'm so tempted to buy a few shares - i did actually buy a few shares the other day but i'm ashamed to admit it because it feels like such a stupid move.

Anyone know the capacity of the sorter they have - like how much material it can process? For example could they run a full commercial operation on just the one optical sorter? And if not do they have budget for more - sorry if this is all in the RNS's I just hoped that someone had looked into this to save me the time and effort.

Universal, still recruiting. They announced a change on 27th Feb that the recruitment for Universal would be extended until the end of 2024. This is all taking a very long time. Polygon still holding 56million shares acc to Syn's website. I can't think of anything else to say - I did read Jean Rhys's book 'Good Morning Midnight' recently - best thing I've read in a few years. If you are interested in 1920s Paris, alcoholism and intense, poetic fiction I can recommend it.

A rights offering? I just don't believe it.

my bet is suspension. let RFO or RFO or whatever they are called (or whoever they sold out 2) dump their shares, clean the slate then suspension.

and during that suspension period SAR will finish 1a, take a breather and work out what to do next.

but...we shall see.

I did a buy few shares the day before yesterday. But was thinking this morning....

The initial funding was for £5 million to cover the costs of 1a/1b. So the initial budget was for 5 million plus 1.6 million tax credits (and there is an issue with dates? to recieve those - I think Damion talked about this).

As Tim said:

"This funding, if fully drawn, alongside anticipated tax credits, allows us to complete plans for the Phase 1b portion of the trial once the Phase 1a part is concluded, and provides cash runway into Q4 2024.

Doesn't that mean the funding covered the actual 'costs' of the 1b or just 'plans' for the 1b? I also can't work out exactliy how much of the £5 million Sareum has already received - is it £2 million?

So moving ahead SAREUM need to raise money to finish 1a (thats what the last RNS said). They need to raise money for the 'plans' for 1b. And they need to raise money for working capital (as they said in the RNS). And they may need to raise money to cover not just the plans but also the costs for 1b. And now there's a load of warrants floating about.

I still see this is a long term play (for me) but I'm not in a hurry.

Bertie

forgive my ignorance here - but are you saying that the CEO en famille don't have enough stock to take the company private AND similarly they can't go over 30% because they don't have enough stock to get a takeover voted through?

Think we need a new header. I'm tired of the crisis header.

RFO/RGO might have sold their book (I think that's what people call it) to someone - bet someone else has picked up whatever relationship RFO had with Sareum. Probably bought it on the cheap? Anyway once they have sold whatever shares they have the right to sell, we can move towards the placing. Can't be much longer. Someone must have been able to count the shares they had and compare that with the volume. As I've never been able to understand the original finance package, I just can't make that calculation. But If you see some large buys...maybe that will be a sign. Personally I wouldn't be adding too much too quickly - although I did make a buy today - but we must be getting closer to that zone.

This was up 55% on a RNS - which, whilst some loved - some said was a bit 'so-so'. Well whatever you think of this RNS just imagine what will happen if IMM release an RNS which is perceived as being unequivocally good - re trials and or licensing -then sp should go up more than 55%.

Oh well sorry everyone who got shafted.

personally I'll keep buying a few from time to time.

i suppose it makes sense to wonder how much more shafted we could get. for example if really good news is deferred to 2025 then 'they' could use the rest of 2024 to really absolutely slaughter the sp. that is if the CEO was really on a mission - as has been suggested - to transfer shares from PI's to others. Despite that...my next buy...1.4s. again sorry for those who lost £. I'll be losing from this point onwards, I guess.

Paladin...

search me!

'contained funding event'?

a placing at 1p that can't be 4wds sold because pretty much everyone (apart from me who does not make rational investment decisions) considers the company uninvestable?

repeat performance?

won't they need to get the share price up a bit first? and who is going to buy it? unless the news is beyond phenomenal.

maybe they have some other plan.

"Assuming they raise £2.7m, which is the shortfall on the Riverfort CLN, that would be another 54m."

Assume they raise less - again the RiverFort full whack was to finish 1b (I think, damn this story is not one I know all the ins and outs of) - if they revise their plans, they can revise the finance.

I'm well out my depth on this discussion!

The only thing I have a feeling about is this is a very bad year in which to be raising money. I think a few AIM companies are keeping their heads down and waiting for interest rates to go down before they go to the market. Anyone who can tread water will be treading water - my 'idiot' theory is raise money to finish 1a then raise again in better times. But I haven't been following the ins and outs of 1/1ba and I have no idea if they can just stop at 1a without incurring any costs or issues.

How many of these do RFO have....from the RNS...its quite a lot. I must say its seems to be a very badly worded RNS - or maybe its just me, I struggle with the maths on this. I'm just gonna guess its a few £100K worth and will be quite a drag on the sp if they dump the shares. once again I can only hope that whoever comes in to do the placing will do a deal to buy the warrants. But I guess they'll impact/drag the sp a bit at some point whoever has them.

Warrants aside if we assume they are placing to finishing 1a and 1a only and get some working capital it might be a small placing - £500k to £1 million. The RFO facility was for a more ambitious £5 million to finish 1b. If they forget about that for the moment then perhaps we can look at 1a only and then do another placing or JV on the results. Or hibernate for a while - because by 2025 we might see more favorable markets.

From the RNS...

The Investors will also be granted a number of warrants equal to 45% of each deposit divided by the relevant Reference Price. The exercise price of the warrants payable to the Company will be a 40% premium to the relevant Reference Price (the "Warrant Price") and with a 48-month term ("Warrant Term"). Accordingly, RiverFort will be granted 879,094 warrants at the time of the First Deposit, exercisable at 143.33 pence each.

· Should the Company undertake a share placing during each relevant Warrant Term, the Warrant Price will be reset to the placing price if the resultant Warrant Price would be lower.

Tobethebest

Thanks for the reply. I hope HE1 aren't hiring/paying TMS - some of the more experienced traders I know see TMS as instant red flag re fundraise. So nothing happening here for ages? Be great if HE1 could surprise us with some surprising news. But the company should make sure they have enough £ tucked away for another drill - that would make sense (for them anyway). As to their finances....I haven't looked.