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GOTCHA: Sareum placing and retail offer at just 10p, for morons and financial masochists only

By Tom Winnifrith | Thursday 28 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

For 20 years Tim Mitchell has been fighting the good fight against cancer at Sareum (SAR) giving hope but not actually delivering anything other than accumulated losses of c£23 million and a six figure pay cheque for him every year. Last year his total package was £207,847 but I suppose a man has got to live. Lovely Jubbly. Anyhow, as predicted on this website a few times in recent weeks, simply to survive the company has today announced a hugely discounted placing.
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