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Gla all and have some faith, remember the great old sayings...
Whatever they spend £400,000,00 every month Cash burn is cashburn!!!!!
Aaahhhh its a shame people don't like the facts!!!!
keep ramping and suck in the unsuspecting bag holders!!!
😂😂😂😂
£4.8m is NOT just for keeping the lights on Slacker. At least get your facts right. That’s for a fully operational R and D company.
This is a step in the right direction. A small step yes, but it’s just the start. Any genuine investors here will be pleased to see this development.
After so much personal disappointment in the management of this company and even though I’ve lost massively I am happy to finally see this kind of progress that will benefit ordinary people. Still think the BODs are not to be trusted and may still be giving pis one last chance to make a small profit before they either go private or let this be sold. Unless the raise is unsuccessful 1.5p is a bargain imo. I will be attempting to recover some losses so am grateful for that opportunity at the very least. If the sp can get back to 5p by the end of the year GDR will be doing very well. As I’ve said before, if - and it’s a big IF - the iis coming on board now have sticky hands then this will do really well. If they dump as soon as they’ve made 100% profit ie with the sp at 3p then it’s going to be a tough few months for lths. By my reckoning there will be at least 200m shares to be churned before the sp is let go properly.
100k after all this time is peanuts
100 million is what they need
Very disappointing
PJ
They have already stated their MONTHLY cashburn will be increasing to £600,000.00 plus EVERY MONTH!!!!!
Let’s be honest, that’s a week of cash burn
If GDR made a moron testing device sad 😔 slacker would test positive every time. Maybe that could be an idea for a new product
I would like to buy in here, but cash burn way too high imo. Shame really.
Is the revenue from July guaranteed ?
5 hospitals £100K income.
That's their cash burn for 1 week!!!!
🤣🤣🤣
Our expectation is that more NHS trusts will adopt this simple to use point of care genetic test in the coming months and we continue to grow our opportunities overseas."
Very strong buy this now and I’m slowly adding to my holding.
It's such a shame they burn through £4,800,000 a year just keeping thd lights on with MINIMAL company income!!!!
Wouldn’t it be NICE to buy into a company for 1.5p that will have 8m in the bank, giving them a 1.5 year cash runway and a natural revenue stream from July 🤩.
Oooh wait - I am in that company 😃.
Ashton under Lyne is near stockport not Bolton.
So:
The Royal Oldham Hospital in Oldham (near Manchester)
Stepping Hill Hospital in Stockport (near Manchester)
Royal Bolton Hospital in Bolton (near Manchester)
Royal Albert Edward Infirmary in Wigan (near Manchester)
Tameside General in Ashton-under-Lyne (near Bolton)
I haven't counted how many hospitals there are in that area, but it seems like a fairly good hit-rate.
Apologies - I might of mixed up the tests in my early morning excitement.
A senior moment - what I’m saying is - this shows great revenue potential 😃.
I think both REX and open offer will be over subscribed just like SCE did.
15p - 20p a share is very very cheap based on the national roll out revenues but I agree it's more than doable in 2024. It is why many shareholders are snapping up the REX, Open Offer and Placing shares at 1.5p, as once the NHS start buying GDR'S MT-RNR1 ID Kit nationally the revenue moving forwards is very attractive for Genedrive:
* £8.5 million from UK revenue per year
* £46.8 million from EU revenue per year
* £34 million from US revenue each year
* £13.8 million from the rest of the world revenue each year
Roll on July 10th.....
Good luck all GDR investors, Brighty
Let’s put this in context .
I’d call this a taster of what is to come.
If 5 new sites gives you an order of £100,000 think what revenue we could receive when this is rolled out nationwide? Remember, through the DEVOTE program and the work of are partners in Manchester University we are gathering data to support full NICE adoption.
And there’s more………..
The CYPC19 is also receiving full NICE accreditation in the UK on the 10th July 2024. That means full adoption in the UK - the NHS are obliged to use the test - it’s there own rules.
1.5p is starting to look like the bargain of the year 💰💰💰💰
GLA.
A happy 😃 Stephen11.
WOW NO WAY!!!!
The CEO is spending £10K on GDR shares from his £300,000.00 P.A. income.
🤣🤣🤣
Not overly happy with this entire situation, but the placing is so heavily discounted that it offers a good opportunity to average down and hope they find a way forward. Applied for double my holding.
Massive up side here at this price ....things starting to move.....20p possible by end of year..imho..dyor
Which is why 1.5p a share for the Placing, REX and OO shares represents tremendous value for this bombed out share and why the directors are also buying. i.e. Russ Shaw £25,500, Gino Miele £15,000, Ian Gilham £10,000, James Cheek £10,000, Tom Lindsay £10,000 and Chris Yates £3,000. A x 10 multi-bag from the 1.5p offer to 15p a share in 2024 is very likely.
And course this news was not know before they set a raise at 1.5p
total manipulation!!!!!
Don't give a flying fuk about existing share holders!!!