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They are already 6 months behind on POC, so can't see muvh more delays. They have had ample time to iron things out.
Tricky I’m gambling on us dropping further as I don’t think the PoC will launch which I believe will cause us to drop further
I could be entirely wrong and regret not averaging down now but who knows , let’s see what happens.
F458, got no crystal ball mate. That's why I ain't tweeted yet. Yesterday we had a decent volume for the first time in a while, hit 54p but mms didn't hold the price. We also had 4 times the buys to sells. Today more buys than sells. Suspect the bottom is 45p for a sell and 47 for a buy. I had a buy limit on yesterday for 30000 but they didn't take much.
If they announce the poc next week which is the last chance for Q2 as promised, we'll have a decent increase. As we know these things aren't set in stone. Should sort itself out in weeks not months. If we do get either WHO or FDA approval these prices will fade to grey in a nanosecond. I am putting another buy limit order on. Want to get my average down from 80p.
We could be selling in India, South Africa, Poland already. So no idea what to expect for the trading update. Crossing fingers like everyone else. Except Guy who is dreaming of 38p.
Ah I see Prickymatters still does not understand what a CE mark is.
For the gazzilionth time, there is NO further approval required to sell in the EU, other than a CE mark. Do you still not get it????
thanks for your comment and agree. Whats your take on these constant block sells ? Would you agree without positive update on any revenue funding will have to be addressed if not already done ?
My 40p was what I believe they would of agreed having discounted from 50p-60p a few weeks ago before we witness these consent block sell. There again I hope I am totally wrong but we are on AIM
Rb08, wasting my time replying to this but hey ho. If you read the ECDC evaluation guidelines I shared yesterday you can see how irrelevant that RNS is. At the time of that RNS EU guidelines were still in development. The CE Mark is a prerequisite. Not the end of the process. That's why you all carried on holding until the trading update. Because you thought they had sales. I told you all at the time they could not without approvals. I sold at £1.33 and £1.44. I am no deramper. You believed that RNS. You should have got your brains into gear. Sorry. Of course Preefty is right. In the US labs can buy without FDA approval. But they won't. Why on earth would they?
It will happen. But it hasn't happened yet.
Last post before my buy and tweets.
We won't get too many sales in the US or EU NOW f458 or even just now, until we get approvals. The good news is
1. We are getting WHO evaluation as we speak. WHO approval will guarantee worldwide approvals and sales.
2. The FDA is also evaluating us now. They have withdrawn a number of tests recently. The market is getting less crowded.
3. We are on the UK framework. That could drop anytime.
4. July 15th is probably the end of lockdown and the beginning of 'living with covid'. Nadeem Zahawi at the Downing St briefing yesterday made it clear what that means. A resilient UK diagnostics industry capable of responding to outbreaks with surge testing and tests to replace isolation. Testing will support big sports and cultural events. Daily lfts will be supported by PCR for positive cases. Pcr tests will be routine for all hospital admissions and for international flights. Normal volume on flights will soon recover to well over 100 million even if it doesn't get back to pre covid levels any time soon.
The trolls and the traders have told us they are hanging on for a fantasy buy in price. They won't get it.
This is the bottom or near as damn it. A chance to stop moaning and get your average down so that when we do get the news we want, you are in a better position to make some money. Time to bite the bullet.
NB. The WHO applications pending aren't in alphabetical order. I wonder if they are in order of progress within the process? Desk assessment complete. And awaiting a response from the manufacturer.
Mologic have 2 tests on the list too. All good.
The problem we are witnessing now are the current supply of tests that have already been supplied by other manufactures. And until they use their stock GDR are having to wait for any confirmed orders being authorised. Meanwhile its a waiting game and unless revenue starts to come in the next month or so I hate to say funding will need to be addressed. Not what I wish for but the current SP and the continued selling of Blocks lately all point to some form of funding has been agreed. 40p a share most likely but without further news or positive revenue who knows where we be at.
The key issue here are
1. We need sales orders NOW
2. Revenue generated before our cash burn runs out... Oct 2020
3. Approval most definitely for Europe and US sells.
Come on BOD's how long do we need to wait before GDR needs to raise funding again ?
A snowflake ramper calling me uneducated, that's absolutely gold !
Thx Preefty. Gonna tweet about this today.
I blocked that wally a4uk months ago-couldn't stand to see their opinionated uneducated nonsense for more than a day. Suggest you all do the same...I am all for free speech and all doing as well in a balance society as possible but not allowing the minority to ruin all that's good. He and his mates have infested this board for too long now.
'theoritically' you could quit being a child and using that name for this CEO, but I don't suppose you can control yourself either here or on the other boards you infest, can you a4uk?
GDR can theoritically be all over right now. In practice it's up to Mr Bean to pull his fingers out of his arsch and actually start selling his product.
Trickymatters, I'm not sure how many times we have to say GDR already have full access to the EU via the CE mark since May 2020. READ the RNS: https://www.lse.co.uk/rns/GDR/genedrive-96-sars-cov-2-kit-receives-ce-ivd-mark-gy5g0vm7nhxxeub.html
I have been in GDR for more than 15 months and can say we have been ont he WHO list since middle of last year. WHO never had loads of PCR test approvals - you can confirm this by the number they have approved. They are just not putting much resources to test approvals as it does not necessarily bring anything major. The big markets - US, UK, EU, India all have their respective approval procedures and regulators. Ad they only update every Tuesday/ Wednesday so you will not get any more info until next week - unless we get an RNS.
Great chance for everyone to reduce their average. They only took £1k of my buy limit order yesterday with high volumes. I will go again today. My average is coming down baby! WHO approval in process- unless anything has happened since yesterday? Once that lands we are all over Europe and on everyone's radar big time. The WHO have actually made very few approvals. And they haven't got a huge amount of applications currently in transit. But they have got GDR. I am going to start tweeting about GDR later today. Once I have made my buy.
If Preefty is there, can you share the WHO link again please mate? Thanks.