The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You could be right Sally. Right now I'd jump at £2 per share. Not a word from DB makes me very suspicious. I suspect he will be absotuley fine though when we are taken over for £1.50 - £2.
Sally I’m confident AIHL will fix the mess they might potentially make with no sales of tests , so whilst this is annoying me short term , I don’t think anyone will be down long term if they don’t sell
Every time it looks like we are about to turn a corner on the selling tests we end up taking 2 steps forward 10 steps back
Like how are we seriously lower than when we got Indian approval
I love conspiracy theories - we could see 400p based on nothing at all :).
Guy: I recommend it to you and Jay. It will take your pain away. I can help you both get some..
To be honest Guy, even you have some hidden faith that we will do just fine. Otherwise you would have given up. I know this is your only investment! Just throw the phone and go out or sleep for few hours. It will make you feel good. GDR is not going bust anytime soon.
Always a crackpot conspiracy as to why we are doing ****
Come on sally I hope you are on a wind up
Yes i totally agree with this and have brought it up before totally plausible ... look Danaher everything lined up ready for commercialization here are the forecasts give me me my stock options...
Of course there is another possible conspiracy to the current SP level: it is plausible that Danaher will buy GDR. DB knows this and has been stopped from buying any shares but may have been promised good bonus. It is much easier to buy a failing company for cheap than a successful company so there is vested interest from all parties to do nothing about dropping SP (GDR has done nothing to reassure shareholders. Compare that with avct and ncyt, they issued rns within few days to calm down the market).
The shareholders will eagerly take 200p from where we are now but they won't if SP was 150p. DB or his team seems to be least bothered with the current SP drop and may be intentionally making effort to keep it down with dull or no news.
Also remember that 2/3rd of GDR test money will be going to Danaher.
Just a thought. The world is flat anyway, I don't want any opinion on that question
Trump did not help so for most of that time FDA probably sat on their hands.. or trying to see if bleach was a good alternative ..
Jay: the problem is that GDR can't do anything about FDA.
Swerves so the price dropping daily and no sales doesn’t concern you?
If we had major sales or a big contract it would of been RNS’d
Fda ha what the hell hve they been doing for a year
perhaps but we do not know that for sure..
Is there any reason for you to believe we have made major sales???
We done a RNS for our shipment of $400k to BC , so if there has been sales there is nothing to be considered significant
We have been in negotiations with a country for 8 months , how can’t we get that over the line??
Do people just expect us to get a contract selling millions and millions of tests without any previous sales ????
Mr Budd has already admitted in the RNS that GDR's price is too high for the Indian governments budget, so it should be no surprise to anyone if GDR don't win any contracts with the Indian government or indeed private companies, who will obviously be able find a cheaper contract. But I don't believe Divoc will keep their price fixed. They are not idiots.
Just a reminder that the last investor presentation referenced sales cycles in the US so it’s not surprising sales are taking some time. But we can sell in the US and BC are actively updating their website and therefore marketing materials. They clearly still believe it will come good. Given the antigen test has been out there 6 months without FDA approval it doesn’t look like that’s a barrier to commercialisation.
"we are mid may and still only sold a demo amount to BC which is an absolute joke!!"
I'm sure Mr Budd would agree.
Maybe they never expected the huge delays , maybe they predicted big sales and got it wrong?
I know big companies don’t often get it wrong , but you know occasionally they do , of course I hope they haven’t got it wrong , but being partnered with BC isn’t the guaranteed success we all thought it would be , we are mid may and still only sold a demo amount to BC which is an absolute joke!!
@Guy
My point is they haven't dumped it but instead are increasing exposure. Why waste time on a bad egg if you could be making profit elsewhere. It's a double loss.
Guy: that is possible but then the questions WHY BC chose GDR instead of any other approved test? Why not make money straightaway from pandemic?
If we get sales we'll be off. If we get a supply contract like NCYT did (and ours can be much smaller than the one awarded to them) then you can say goodbye to your mortgage. Will be shocked if we don't hear something this month given how fast things are moving in country.
You think BC can’t afford for this to go wrong???
They can dump this tomorrow and the amount of money lost wouldn’t even be noticed , maybe they’ll have a bit of egg on their face but that’s it
Yep, he's cooking something far more impressive imo.
He is very well connected with BC and Danaher to be fair, and probably the only reason we have the Beckman partnership. That will draw revenue otherwise BC would have dropped it by now 100%. They cant afford to have unpopular things on offer, dilutes the assurance on other products and ties up their resources.
Remember how positive this board got on the way up from 40p? There are soooo many reasons to be here. Prob is people jump in for the bag bag bag before luch and then start feeling sick if they get locked in = spiral of dispair. Bet a bunch sold out at 50p after waiting for ages and thought opps. Also much easier to feed doubt in ones mind compared to positivity, especially when its money on the line.
I tried to stay away from blaming DB for everything but it is very obvious that investor relations is not his field. He has done a **** job with the quality of RNSs so far. I still don't understand why you would omit potential revenue. As a private company, it is his duty to be open with investors. On the other side, he may be cooking something nicer...
Db always concentrated for big bucks from USA with BC collaboration, just like us investors who dream for 10 and 20 bags.
Which all went little pear shaped with FDA EUA delayed
As a product we are best placed to sell with ICMR validation, It gave us good opportunity to bounce back lets wait and see what DB does this time.