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https://www.investegate.co.uk/goodbody-health-ltd--gdby-/rns/2022-audited-financial-statements/202304210700039677W/
£10 million turnover. I have disagree about Anne. She is a really nice lady.
And yest the SP continues to fall...is it possible for it to go into negative?! It might as well be!! So has anyone any idea what happens if the company delist? What are the implications for the LTH who are already 99.4% down? Will be remaining 0.6% just disappear?!
Numbers are okay.
Cash position as expected.
Question is the monthly burn rate to get a better understanding how far they will come with those 1.5mio in cash without raising some more money again. But this will maybe take place after the re-evaluated pricing after going from the market.
Lets wait and see. Q1 fins should be out at least in May. This will be a good indicator
It is questionable whether Anne can be deemed a reliable and trustworthy individual, as she only seems to respond when it benefits her own reputation and has been disregarding my messages. The decision to delist from the Canadian stock market, the only market where they were performing well, and to implement a 10X reverse split was a poor one. It was evident that the Aquis Mickey Mouse market was a risky venture. Despite lacking financial market expertise, they recklessly took a gamble and lost everything. Due to their irresponsible decision-making, it is highly probable that the board of directors will be subject to legal action.
The result of this illogical decision is catastrophic. Shares plummeted to an all-time low as there was no longer the Canadian stock market to stabilize the price, resulting in a 90% loss for us. Despite our best efforts to explain this to Anne Tew, she seems either dishonest or ignorant. Now that she has seen the outcome of her recommendations, she refuses to respond to investors.
It is imperative to emphasize the importance of sound financial judgment and accountability in the boardroom. Taking risks without proper expertise and understanding can lead to disastrous consequences. As investors, we must scrutinize the decisions made by the companies we support and hold them responsible for their actions.
I have supported this company with a large sum of my money. I bought into the serial entrepreneur Geremy, not Anne. I believed him. Geremy needs to explain. Not George, Anne or anyone else. Geremy needs to step back up on stage and take responsibility. If he does not this will be his legacy to investors. The vote to delist will pass as he has the majority of shares. He needs to take responsibility. Do not let your son shoulder the blame for this one.
Geremy said long term holders should hang on in there. Geremy????
Do you understand why he quit and put his son to take the punishment. He's not even a good father... And he didn't show us that he was good at management neither. He's a coward to me, nothing else !
I think Geremy always planned to pull away. He pulled away once before only to return after Henry Buckley left.( With 750k I think). The business has turned over 36m in 2 years. They are clearly doing something right. George has a great platform to launch this business. My issue is that Geremy sold us the vision and he should stick around to execute it. You don't ask someone to follow you on a journey and then sod off half way through.