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CE is just an acknowledgement that a product has been manufactured in accordance with EU health & safety and environmental protection rules. It in absoutely no sense certifies that the product is any good whatsoever. It's a necessary step to sell a product throughout the EU - so in that sense it's good news - but some people on here seem to think it's some form of medical approval from the EU. It isn't.
It's also basically a box-ticking exercise - indeed it's generally self-certified!
Yes, it means that sales agreements within the EU will be easier to make - but only if there are willing customers. I'm sure everyone here knows that that's always been the Achilles heel for GDR in the past. Will it be different this time? Maybe. But not because of a CE mark.
faster test are needed anyway ,novacyt was aroung £20mcap when they applied for CE mark with the test ,pandemic still on ,have anyone looked at cases? we are not even half way through this disease it will be here in 2022 2023 and boris saying now another lockdown is not out of question. This will be £1.5 ,ok gdr was unlucky so far but this is great new opportunity
CE marking is the medical device manufacturer's claim that a product meets the essential requirements of all relevant European Medical Device Directives. The Directives outline the safety and performance requirements for medical devices in the European Union (EU).
Jamesjone5 what are you babbling about ? Novacyt had a small market cap when they applied for the CE mark, yes, so what ? Read the first post of this thread once again, this time with your finger.
so having product ready but no sales and 20-30mcap is not some ridiculous valuation all im saying ,some people are talking here like this company should be valued at 5mcap or dissapear from the market , most of them propably bought over 100p and now bitter as hell , plenty of companies with 50+mcap in this field without sales or even potential product
Name those companies and how they are anything like Genedrive? Utter rubbish, genedrive is only up purely on sentiment at the moment and a well timed RNS, once things calm down and the opportunity for the POC comes out with no sales this will be 15p only AIHL will save this company but the first thing it needs to do is get rid of David budd
Accepted PCR tech.
Novel point of Care SCV2 test (7.5-17 mins turnaround)
'Substantial market'
£8M cash
Sales network and team with lots of interest already generated as per RNS.
£28M Mcap
David Budd, CEO of genedrive plc, said: "We are at an exciting phase for the Company with both the AIHL and CoV-POC products about to enter their commercial stages. Our balance sheet is strengthened following the recent equity raise and we are well placed to drive shareholder value going forwards."
Enough said.
Get a genuine significant sale and this could very well fly. Until then... well, talk is cheap.
No POC sales hahahaha. 15p lol. Bring on the marking.
By the wsy the 2x£400ks eere buys as we bounced massively when they appeared.
I have a feeling we are going to see a strong move north tomorrow. There has been big money thrown at this recently which tells me there are dark forces at work prior to a huge rise. DYOR.
The placees have gone from 90% up to sell from 25p to just 20% now.
As we head towards the end of the week FOMO should def kick in
In parallel, the product is being provided for review and evaluation to a range of potential commercial partners who have actively expressed interest in the product.
AVCT ?
Name those companies and how they are anything like Genedrive?
avct?
Revenue: UK£4.15m
Market cap: UK£289.94m
Earnings: -UK£22.09m
Beckham will want a slice of this.
Add tesla to list mcap is way north of its revenue.
Might be worth quickly noting that #GDR just got the CE mark on the AIHL test in well under the 2 week application time. For the POC an expedited process has been paid for to speed this up- 10 days max
European Commission might want to get this one thru asap given the interest??
https://twitter.com/ShareMuncher/status/1465815358535786497?t=B8V20JpxK8g7M0kzzeZisA&s=19
@Rare_groove: "I have a feeling we are going to see a strong move north tomorrow. There has been big money thrown at this recently which tells me there are dark forces at work prior to a huge rise. DYOR.?"
ROFL - Just who are these dark forces that we need to DYOR about?
James they are not the same, AVCT are in cancer and other multi billion pound fields. Also own millions in assets, genedrive have a tiny lab in a university in Manchester and no assets, not even close
Tomorrow’s always going to be a great day and 50p. Monday was good. After it’s been usual aim. Smoke and mirrors.
Lloyd : So if you new all this why did buy last year a lot higher then what it is now lol
Because of David budds lies much like 50% of the people still stuck in this dog of a share. Attary I’d listen to some people on this board, you might learn something. Luckily I managed to get out and David budd never got a penny of my money.
And Lloyd is here today warning people. The Samaritan.
@ attery and others unaware of lloyds (through own admission earlier) gameplay. lloyd is bad mouthing simply to get in at a lower price. to some degree i get it but to call it a dog of a share, to downplay it constantly....doesn't that give the impression he does not any involvement??? lmao
it does appear that Lloyd is possibly the new comedy show in town.... and boy oh boy.... we have had and still have our fair share of top class comedians on this bb.
why be in a share when you don't believe at all in it? beyond comprehension or simply spouting utter BS
If, to Lloyd, that your 88 number in the username is your birth year... one would think at 33 you might have learnt a little bit by now.
Believe it or not Lloyd, I've got no real issue with you per say, but stop spouting the craaaap and just be straight with people.. i'm ex -sales and seen and heard it all and been playing around with this money game since 2007/8.... maybe you're new to this game...so, best way - be straight up without ramp or deramp tactics. after all, we are all in this together...to make money, right?
thats probably my biggest bug bear on these friggin bb's..... the ****e that comes out of some peoples "mouths". one can be optimistic without ramping, one can be frustrated without deramping. caught out earlier, caught out agin.
@usernamebut1 don’t worry mate I no his game seen it many of times, the guy bought in a lot higher then this got burnt and sold and now crying about it
I’m still not sure why people come on these boards and this is not the only one involved. Just to simply ***** about a share. If you have invested and done your research that’s all you need so it’s dropped for 2 days woohoo when it goes up all the *****iness stops. Always puzzled me as your all adults and make your own decisions. Why blame the ceo what do you want blue 100% days everyday lol
I’ve just read one decent post it may drop a little tomorrow morning may not but no one knows
All I will say is if you are invested good luck and if your not stop moaning