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I too am positive that there will be opportunities to exit profitably but as always with aim, it’s all down to timing.
Thanks Magsy18, I am 30k down in 10 days here :-), but i am positive for some reason , same thing happened with NCYT but I have made very good money there, I would says GDR Might not become NCYT but it will go halfway, next 4 weeks is important.
I think it’s pretty much zero. We know that they are aware of GDRs products and have done some investigation into it but that was months ago and nothing came of it. There have also been multiple rounds of contracts being offered out in regard to covid and we have had nothing.
Of course never say never but at this point I just can’t see it.
What’s the chance of GDR getting UK contract ? Looking at DB’s LinkedIn profile he has worked as sales director before I am sure he is using his experience to sell some. Coming to the CE, it is a self certified unlike WHO and FDA.
In hindsight perhaps it would yes.
That CE mark doesn't seem to have helped much, meanwhile it could have been put to better use in Europe.
Can anyone find out from Cytiva how many beeds have been made or? Since we had the cytiva update we have heard 0 from it
I think the market only sees these companies as covid plays at the moment too. I don’t see anything else getting a look in until attitudes around covid start to normalise.
Yeh, fair point.
I personally see GDR as a covid play, which probably isn't entirely fair on the organisation. However, it is their largest revenue stream (should be).
I am not sure I would go as far as ‘very high risk’ but I think certainly the covid aspect of things are high risk. GDR are behind the curve now and other companies are more established in the space and have far more funds available to accelerate progress into newer products.
GDR still have other products that are capable of pulling in decent revenues, so if nothing comes from covid, not all is lost.
Quite right, Europe wasn't the focus.
Strange the man you are all lauding as a fantastic leader sent circa 60,000 sample tests to Spain, Italy & Germany. SA was also cited but the man himself.
Anything come of these?
GDR have been crippled due to the speed at which they went to market, PCR testing is so saturated and new testing methods are coming out now.
Beckman could be hugely lucrative should it move forward & if they can get the PoC device to market and i do think DB has made the right decision in attempting to get that time as low as possible but GDR is a very high risk at this point. I'm not sure anyone could position a logical counter to that.
Because CE marking is relatively simple to obtain and it helps support approvals elsewhere.
If no sales were ever intended in Europe, why apply for a CE mark then ? Wasn't that a waste of time and money ?
To be fair to DB he was clear very early on that Europe wasn’t a primary target. Not saying that it was a good strategy but it’s not surprising that we have made no sales there.
Raging rampers sadly omit the fact that approvals have been gained in Europe, but strangely no sales have been reported on this vast continent.
The product is probably good, the problems lie in the management and in blind faith.
Some derampers here. Approvals are key and when they land we have a market leader. Getting it right first time is key for approval. Remember our test is one of the new fast tests. All present tests need lab or instrument so ours will be the next phase required for fast testing will be the game changer. Speed of results is what the goverment and businesses needs to get back to normality. I am long term holder and have faith in good companies and products.