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IMHO, chasing after a loss never works out. Its driven by emotion.
I took my full allocations on both ISA and Share dealing accounts.
On IG.COM, closing date is today at 12PM UK time and will put the shares on 5th June.
GLA
Good, bad, or indifferent Joey it’s my investment and my call. It’s my best chance to recoup a significant lose - in my humble opinion 😊
I only blame myself if i get it wrong, unlike some others .
Looking at 2m at 1.5p for £30k but its still a punt really
If they line everything up i can see it being a take out target. Would be an ideal add for NCYT if they win their court case.
Although i am surprised they didn't try and take it private on the cheap. Thought a private equity player may have tried to get in on this. Lets see if it completes.
Let’s hope you don’t blame Gloria if this goes tits up.
The deadline for HL is 12 on Friday the 24th.
I’ve applied for my full allocation in my ISA and normal trading account - rightly or wrongly - only time will tell! 😊.
GLA.
Stephen11.
Ps…remember to vote…it’s your right as a shareholder…votes will probably close on the same date your broker closes the open offer.
Gloria has just answered your question regarding averaging down , if you think the products we have are worth more than 1.5p then go for it AND if Gloria is looking to buy in then thats another big tick.
Halifax deadline is Friday 24/05 and monies must be available by the 26/05
1pm 23rd according to Charles Stanley.
Yep not the best choice i've ever made but, as i s
Reading your previous 3 posts was depressing , you've seen this absolutely crash
I've opted to buy more at the 1.5p offer, if I get what I've applied for, will bring my average down to 79p.... yep I brought at a high price when everything looked like it could only go up! but, I still believe in Genedrive, they have some amazing products, just need to get them sold... fingers crossed for the future (non trader, just interested in this company and what they can hopefully do for the good of medicine)
Guys anyone pls, when is the dead line for the C>Action share pledge ?
Consolidation, I hope not as the result is usually an effective drop in shares value.
Mr MYPIMPRETURNS,
"Somewhere between £0.007pence and £0.014 pence? Higher or lower ?"
Surely, GDR will announce a reevaluation of SP. I can't remember what they call the process to turn a share worth 0.01p the equivalent of a new share worth 100p. But that's what GDR will do.
I sold at a small loss when sp was above 12p. One of my savvier decisions, I'm pleased to say. I'm interested in buying in again as GDR does have products that will be bought, question is when.
I’m going along with your line of thinking and am averaging down as much as I can reasonably afford. However, Gloriamarket’s latest advice seems more sensible!
Gloria market have you invested and will you be buying more shares ??
Forget about averages. Ask yourself whether or not you would invest in GDR now at this price regardless of previous investment. If the answer is yes, then buy as you believe you will make money. If not, then don't buy.
If you are prepared to lose another £568 then why not .. things can’t get worse surely ?
I mean they always do but surely not this time
If I take my allocation at 1.5p, it brings my average down to 15.6p from an average of 29.7p
For the sake of £568 is not worth taking this risk? Already lost basically everything anyway.
If the share price ever did return to a 10p, at least the losses wouldn't be as severe.
What are your thoughts?
Why such a low bracket Pimpmyreturns? £6,000,000 / 554,000,000 = 0.0108. Of course that doesn’t account for anything beyond the cash. The IP, the approvals, a modicum of sales, future promise.
If when the new placing and Rex raised shares hits the market and effectively doubles the amount of available shares and also factoring in the new bank balance boosted by the raised £2M etc , what do you think the share price will sit between?
Whilst awaiting the next news update
Somewhere between £0.007pence and £0.014 pence? Higher or lower ?
I’d say it’s nailed on. There is no way any ii would put £ms into GDR on a whim. And clearly there are some iis (my suspicion is one of them is RF) have decided to put several £m in at 1.5p
The crucial thing is what happens if retail don’t come up with the extra cash needed in order to get this up to the requisite £6m or so. Surely the BODs don’t just hand all the money offered in these various placings back. BOD cd not have been clearer in the placing RNS : cough up big time or else!
This will be the very last time GDR can get away with luring retail investors in unless it all comes off.
Big questions still remain about the near term future. What do these iis do if the sp doubles to 3p? Will they immediately dump? Could be a very short lived recovery with retail left holding the baby yet again whilst the iis walk off with their pockets full and a quick 100% profit.
GDR has never been such a risky punt as now imo