The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi PP,
I really do not understand why these SADO's feel the need to post deliberate de-ramp posts on a BB that they do not own shares in ?
You are right it is a matter of 'when' not 'if' they convert, I meant to change that before sending it, but forgot.
We do not currently know when they will convert, and my 'if' was more about 'if' they will convert in the very short term, (as JH alluded), but it did not read right.
It would be interesting to see an RNS confirming whether PEEL have been actively forward selling the 4,478,681 shares ?
The 4,478,681 shares add approx 8.6% to our pre conversion share total, taking our number of shares from 51,986,071 to 56,464,752 ordinary shares.
Our SP dropped 13.56% today, and it would be nice to know how much of this drop is due to the new shares being added later this week ? Hopefully most of the new shares have been figured into our SP now ?
Agreed, we may well see our SP tick up post 1st Oct, and may be sooner, especially if an Approval RNS lands before the 1st.
Also agreed, nothing has changed, except we now know the status of the BC/GDR Saliva Validation Tests.
I still have the RT-PCR Rod out, and the Monster is still running !
Thinking about casting a further 6 Rods with AIHL; DOD; POC, HCV; SALIVA Validation and TB as bait, and see how long it takes to hook into the next Monster ! LOL
Agreed guys - to heck with the plonkers.
- India approvals
- FDA EUA
- WHO approvals
It’s a matter of ‘when’ not ‘if’ above land - unless anything formally is announced to the contrary.
You could take the opposite view, but then why would you be invested??
Patience is the key - this moves quick both ways & I don’t really think today materially changes anything, expect we’ll tickup again post 1st once shares hit market (which expect many would have been forward sold - await RNS to prove out). But loan conversion was always on the books - just growing pains, no hidden agenda.
I note BC timescales are disappointing, but saliva was over optimistic in those timescales, as long as swab automation validation successfully progresses through next phases (with communication of key milestones), then we’re in good shape.
PP
Things moving forward while GDR is asleep at the wheel!
https://www.bbc.co.uk/news/world-54331921
@positiveenergy -
please read the RNS - in particular:- 'genedrive plc (AIM: GDR), the near patient molecular diagnostics company, today announces that BGF Investments LP has exercised its right to convert £1,000,000 of its £2,500,000 Loan Note Instrument into new ordinary shares of 1.5p each in the Company ("Ordinary Shares").
Under the terms of the conversion, BGF will be allotted and issued 4,478,681 new Ordinary Shares
@johnhenry - to be clear:-
You do not know 'when' and 'if' BGF will convert their remaining £2.5mil Loan Note ?
Should read:- You do not know 'when' and 'if' BGF will convert the remains of their £2.5mil Loan Note ? (£1.5mil left).
@johnhenry,
As you well know BGF have converted £1mil of their £2.5mil Loan Note, receiving 4,478,681 shares for their conversion.
You do not know 'when' and 'if' BGF will convert their remaining £2.5mil Loan Note ?
I see your de-ramp of GDR did not go down too well on the ADVFN Chat Line, with an 'FO' coming your way - Your Post on the GDR ADVFN Chat Line, quoted as follows :-
28/9/2020
12:45 'NCYT are light years ahead of GDR by the time GDR get anything to market Vaccines will be here. To little too late that's why your seeing a shift to NCYT with revenue and cash generation.GDR have a decent product but the horse has bolted and they are last out of the gates'.
Please stick to your NCYT posts, if you feel the need to de-ramp.
For you to say 'the Horse has bolted, and we (GDR) are last out of the gates', is nothing less than absolute rubbish, and you know it.
You threw your GDR shares out of your Pram, on the 23rd Sept, and moved your depleted proceeds over to NCYT, only a Sad Loser then comes back to de-ramp GDR Newbee's.
Don’t listen to John Henry. He has an agenda to get the share price lower been chased off Another share forum for GDR for doing the same.
Hopefully just ‘growing pains’ ;9)
Where in the RNS does it state they'd be converting ALL of the loan note?.......It doesn't so stop with the scare mongering you snake.....;-)
Apologies approx 11M in total. Approx 6.5M left to forward sell.
John Henry where the F@“k have peel had 11m shares from to forward sell. Can you explain
JohnHenry-are you aware that as shareholders WE bear the cost of development...it's not kicking you in the butt. You have to invest to grow and this is what the loan was secured to do..
Words fail me sometimes :(
ROTFLMAO.......Don't talk bloody daft,People like you are the worst of the worst on these BB's stop trying to scare people out of their shares........
SP needs to decrease down to approx 80p to allow for all the extra dilution.
All the Convertible loan notes and options coming back to kick shareholders in the butt.
Agree PEEL possibly forward selling approximately another 11,000,000 shares.
Another 20% dilution to take into consideration.
Benny have you read the RNS this morning?.......PEEL Are forward selling the loan notes shares,Without any REAL news people will need to pull out and wear their big pants for sure.......;-(
Really-surely all of you know by now that it's the MM's at play while they can on this.
Well said Andymlloyd-have a great evening :)