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I've just had a quick read on here..so depressingly glum. Wake up.. we're about to turn a corner. DB is painted out by some to have done this...absolutely not true. It's his responsibility, his reputation on the line. Money does not come into that.....I feel sorry for those people that don't have the capacity to recognize it.
will take a while to get to 200p? Based on the expected news flow described in the last RNS's, the sp will drop to 2p first! This time next year.. we'll be as poor as a country mouse.
Seriously though, I can't see GDR raising another 8 million next year because I can't see them selling anything significant in the mean time. I think the ii's will have had enough and they will let GDR go bust.
@lth14 I used to be on your corner but the arrogance around general communication is despicable. Been ignored countless times. Never seen anything like it. That is forgivable. The guy earns twoce that if the prime minister and hasn't got a prooer shareholder relation department, but kills £5m a year in payroll.
@lth14 I used to be on your corner but the arrogance around general communication is despicable. Been ignored countless times. Never seen anything like it. That is forgivable. The guy earns twoce that if the prime minister and hasn't got a prooer shareholder relation department, but kills £5m a year in payroll. He needs to do better either way. I could live with being at a penny but I can't live with the attitude problem.
: So much negativity…. Welll there’s nothing happy about it.
Mr Star, I've not got a large holding and I'm waiting on the next time this whale comes up for air. I expect it will go to 34p for at least 1 day based on some jam-tomorrow news regarding POC. My trust in Mr Budd has gone. I re-invested for the POC and his promises of preliminary results before christmas 2021 and launch before Q1 2021. The POC kit still doesn't work and its Q4 next week.
Mr Budd has consistently proved every single ramper on this chatboard to be wrong, including Mr LTH,Mr Star and any other fools . There are fools on this chatboard but the rampers are the biggest ones. I'm a fool too, I believed Mr Budd and didn't sell when I promised myself I would. I reasonably expected sales from india through BC as they were suffering immensely. I expected a POC to be delivered on time too. Neither of these have happened and there is no evidence to suggest that POC will be a success this year either. In fact, Mr Budd says that they are already working on POC version two which means POC version one is not worth waiting for. The only way they will sell POC v1.0 is if the buyer will get POC v2.0 for free when its ready and Mr Budd has proved to be to greedy to realize that profit margins of 60% (as in the useless pellet they didn't sell) really kills the business. I'm sure the ii's lapped it up though.
ii's expect profit from 25p but I expect it will be very little (34p).
good point about the swab of POC 1.0 . They'd initially said the POC would be saliva based and obviously its still not working so they've had to go for a nasal swab - as if the market is waiting for another nasal swab test. They know it's not, POC version one will not sell. POC version two might but that's another 18 months away at least, looking at their track record. Covid will be different in 18 months time, perhaps a very contageous variant will appear that is not deadly at all - problem solved.
exactly.. and their nasal swab POC isn't ready either. Another boat missed imo. Western governments are happy with lateral flow tests, they are not demanding PCR tests. I can't see POC selling unless its cheaper than LFTs and based on GDR's track record they price themselves out of the market. You only have to look at Mr Budd salary and behaviour to realize he's only in it for the money.
regarding wasting time on this chatboard.. it's the ramper dream-kings that have shown to be wasting the most time. If there is any ramper on this chat site who is NOT sitting on a paper loss I'd be suprised.
General Meeting to be held at 11.00 a.m. on 30 September 2021 - could we get some news on 30th ?
Only news we are getting is dbs salary update
The median average salary of CEOs in AIM listed companies is £325k. They're all massively over paying themselves.
Mr Hendrix, Thanks for proving my point.
Out of interest at what age did you stop believing in Father Christmas Longtermholder?
My point is your living in a dreamland if you think everything is rosy in the garden with respect to Budd and GDR!
Don't get me wrong, I wish it was or else I wouldn't be sitting on a significant paper loss.
Nevertheless, GLA.
Still nobody can explain or give any info of how and why II were convinced to invest another 6m cash . Would they be given any info that we do not know ?
Possibly. But the 40% discount will have been enough incentive imo - they know they'll be able to make a decent profit selling the shares they've bought at 25p with the news flow expected over the next few weeks and months.
Thankyou. Good luck with your buy high and hold strategy. Mr Star.
GloriaMarket wrote
"The POC kit still doesn't work and its Q4 next week."
I find this this statement confusing and seemingly untrue. According to RNS data reports it works very well and is going through CE qualification right now.
GloriaMarket wrote
" I can't see POC selling unless its cheaper than LFTs and based on GDR's track record they price themselves out of the market."
You are missing the point with the POC. It is not a replacement for LFT. It is a far more accurate, reliable, multi-variant detection medical device for different markets. LFT is classed as mass lower accuracy rapid testing. This is why for travel only PCR or supervised LFT are acceptable. Positive LFT still normally require PCR confirmation. Genedrive COV POC is the next evolution for the more lab based PCR test e.g. a hospital ward will be able to confirm a patient is infected within minutes instead of days with the best possible accuracy. I can imagine one in every large Boots pharnacy, replacing their current Covid services through the Recova-19 PCR portal (say).
GloriaMarket wrote
"They'd initially said the POC would be saliva based and obviously its still not working so they've had to go for a nasal swab - as if the market is waiting for another nasal swab test. They know it's not, POC version one will not sell. POC version two might but that's another 18 months away at least, looking at their track record"
I don't believe this is so. Mark 1 was always to be swab and GDR had expressed their ultimate aim was to achieve bead/saliva format in Mark 2/3.
I should imagine all versions are being developed in parallel to save time. The main difference between Mark 1 and future Marks will be the assay cartridge, so should less development time spent on the actual Genedrive device itself.
You seem to have little faith in any of Genedrive's products, so find it difficult to understand why you invested at all.
However, I understand your frustration/sentiment and also agree we are not in a good place right now, but mis-information/speculation is going to do no one any favours.
The Genedrive AIHL combo should start to bring in some money within a few months. This has been developed hand-in-hand with a highly respected world renowned customer, the NHS. Once it's in their hands, it should help doors open elsewhere and more sales will (hopefully) follow.
I have faith Rodders :-)
Just picked up 80K shares. This is a solid company and a great long term hold for me from here. Good luck all investors for growth.
25p average... What us fools would gice for that right now.
What price did you get them for SYNNOGOLD?
LTH is a genedrive employee
I mean, I don't want to be negative but I'm v annoyed and disappointed with GDR and don't think we'll have much to shout about over the next months. So I'll adapt my investment here and look to sell on a spike. Hoping for great things, prepared for not much.