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@Swerves If i may, what CEO David Budd actually said is that the end of June is company year end, which means they will be particularly busy with work associated with that task. Therefore, he expected an update would be issued to the market early July.
Last year the company did exactly the same thing on 9th July.
the buys were 24k at the time of the post...check your facts and stop posting BS punter
At the time you posted the sales numbers of £20k the buys were 0, and you know that full well.
Punter what screen are you looking at ?
buys are double the sells... 46.4K (£49k)
You are missing the point. MMs earn their crust when people buy and sell. If the holders are too stubborn to sell and judging by this board they are, they need to stimulate action by dropping the price to entice buyers. Given that the sentiment is dropping this price will be getting lower and lower. Obviously if sales news come through they will need to inrease the price to meet the demand as buyers some flooding back, probably.
Punterwhat a load rubbish,18k should not drop the m cap 3 million !!
"only 18k sells (£20k worth)... and we are marked down...they are milking the pi's again"
Interesting you didnt mention the number of buys.
Bought Value £0.00
Not one single share bought. Drop doesnt seem so silly now does it.
Punter,how can you trade when IG are closing deals only?
Rubbish punter... ive not sold a single share and topped up loads of times.... only traders and punters with T trades open are nervous and make easy pickings for the mm... Traders are getting spanked right now
@O&W that is a perceived risk be it a worthy one. They need to prove themselves. However, whats more important is they have a product that has competitive advantages in a market that is in short supply. The HCV test has struggled to achieve sales but the two stories in terms of investment and demand, cannot be compared.
To fully exploit their target markets they need further regulatory approvals and there they have demonstrated previous successes.
RNS 4th Feb
"Indian regulatory approval for the HCV ID kit received in December 2019, bringing the total number of registered countries to 14"
4th May
"Genedrive® HCV-ID test receives WHO Prequalification."
So they have form be it that the HCV registrations took longer than anticipated. With Covid they shouldn't have the same issues because as I said, they are tackling these registrations at a time when higher quality, easier to use Covid testing is in high demand.
Right now HCV test sales have clearly been interrupted by the more pressing matter of Covid. Countries of wealth have delayed a great deal of 'non-essential' healthcare investment/operations. So the idea that lower middle income countries are fairing any better is for me highly likely.
For me, given sufficient time to breathe, this test will do very well and as the year develops, the prospect of the AIHL test completing its trials at Liverpool and Manchester, and achieving first sales, becomes ever more relevant here.
only 18k sells (£20k worth)... and we are marked down...they are milking the pi's again
"The only people losing patience are traders....investors are more than happy to give DB the time he needs."
Utter nonsense. This is a traders dream. Look through the posts over the past few days man, even some of the longer term posters are getting a bit nervous.
Agree BBN, and thanks for the video reminder ST, that’s why I bought in. Great product, patiently waiting... Let’s not forget GDR isn’t just about Covid too.
Sell price currently 105 not 100 published. NT to buy
Closing deals only on IG sb unfortunately
The only people losing patience are traders....investors are more than happy to give DB the time he needs.
Maybe spoke too soon.... Another ****ty day ahead... Thanks Finncap
AHH I think the worst ofbitbis over tbh, sales will come...
One thing I've learned over the last month is of you hear a rumor of these two words run! 'Placing' + 'Finncap'
Beginning of june shareprice 168. End of june shareprice 112. So in other words the market isnt impressed. First commercial sales suggested in june has proven to be just hot air Nd the market doesnt like it.
It does not matter how good a product is, if you cant get sales it is meaningless. Some say have patience but the performance of progress by gdr in last month is bad. We are in worldwide pandemic and no indication they have sold anything yet in a time where it should be fairly easy to obtain first commercial sales.
How low will this go before those first sales and how likely are is the market to now react given the sentiment in covid testing stocks has faded. There is no two ways to look at it, june has been a bad month for gdr and its shareholders.
To many panicking children on here, don’t listen to the negative spin they want your shares gla. June sales figures out within days.
'Seems like the bottom here'
Don't jinx it!
Seems like the bottom here, but we will certainly find out today!
People will be losing patience. Originally the target for sales news was June. Before this got pushed back to June or July
"Following CE-IVD marking, the Company can commence commercial sales in the UK and across the EU immediately. The Company will now begin distribution to potential customers for initial clinical evaluations, and aims to record first commercial sales in June. "
Will do well to stay above 100p today, Oh dear.
Excellent post BBN...... A little patience will go a long way here.
Good morning BBN.
Yes, GDR is in the zone for big regulatory news.
The issue for management here is their business/selling acumen. They don't exactly have a stellar record of sales successes and mega distribution deals that are already pulling in £mns of revenue. Will the HCV WHO-approved test go the same way? A great product but so far no public declaration of any sales, or sales orders in the works. At least NCYT had sales orders pending regulatory approvals. They appear to be a mean sales operation, even if their product is not on the same level of technical quality as the GeneDrive96.
Show me the money, Mr Market is saying.