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Cheeky is putting in £10K less than 2 weeks income
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂
Is Gene drive heading up research into genetically modifying mosquitos to assist eradication of malaria by partnering research and testing with Imperial College in London?
Good question ??? also should the placing not raise enough funds , do we get a refund on the placing shares we have bought ? or buy
Are each of the BOD 100% involved in the placing and for how much each?
I believe that Genedrive have the potential to achieve a valuation in excess of £100m. It would arguably be relatively disappointing if this was the ceiling for a company which will have spent the best part of £50m and many years of hard work to get to this point. I've lost money on a couple of occasions in this company and am happy to admit that I know very little about the segment they operate, but I take comfort in the fact that the detractors around GDR largely appear to think they have good products. I know that companies are not valued based on the cash historically invested, but following a (hopefully) successful funding exercise, GDR will be valued at £3 or£4m more than the cash they will have in the bank which seems like a good bet to me from here so I've been building up a holding at these levels. GLA
20p will give us an m cap of about £100m so will do that , but in time . With your new shares System should give you a better average. When shares are loaded in theory the sp should stay about the same , ie 1.5p as nothing has changed realistically, but with NICE news hopefully good in July we could see a slow climb , the big difference now is with more shares in play the increases will be slow and steady, good or bad i dont know.
I don,t think we will ever see 20p again..
When shares added no movement in price at all imho...
With a current Mcap of 2.82m and the potential of a cash injection of between 6 and 8m when the placing is successful, has anyone got any thoughts on were the SP might land the day after the placing, taking the dilution into consideration?
Would be particularly interested to hear from those who have participated in a heavily discounted placing in the past?
The anticipation of NICE on the 10th July should also see a gradual increase in the SP as will news of American partners for FDA submission.
GLA.
Stephen11.
The discount is ideal for an II to come in , but with the the amount of shares issued they would own nearly 80% of the company for £6m which would be a stupid decision imo. This way the company can go forward in the way they are planning , HOPEFULLY but no 1 company or institution are in control and in a position to dictate what and when things are done. The long term aim i think is to get GDR in a position it can be sold or offers are put on the table which wont happen until we are fully solvent and making profit.
MIkODX - could just one ii already be lined up to take the new 400m shares? If so then it’s a cheap buy out on the way. They’ll be forced to make an offer but of course will have the voting power to push anything through.
Well probably that tells us a lot about the company. If they are not able to attract big investors, then probably their products are probably not as marketable or profitable as they make out. If investors are not attracted, then why should shareholders be? They are in the final stages of a full reccomendation for the AIHL test, and the stroke test looks like it will pass NICE reccommendation in July. Why is nobody interested? This all food for thought.
Good point Eureka.
My question is, why is everyone so sure the company will get NICE approval on 10th July?
So, MIKODX, if the solution was so easy...simply get some institutions on board... just tell us why they had to turn to the death spiral financing with Riverfort last time and are going for placings and open offers this time. Do you really think they didn't try to get institutional financing before going with the offers this time round? They're not complete idiots!
No Eureka01, I'm not in deramping mode, I'm in the speaking the truth and speaking the facts mode. If you read my comments properly, I've stated that the future does look bright for the company, but it does not look bright for shareholders. Shareholders are about to be badly diluted and any investment you have will be worth nothing, that's if it already isn't. Imagine if this drops to 0.00300 as I predict if this Placing goes ahead? We might not see that price if we can get AIHL moving and good news from CYP 2C19 in July. But if it did, and the products do take off and sentiment increases, your realistically looking at a tenfold increase possibly more. But for arguments sake lets just say it's a tenfold increase, from.00300 that's still only 3p. For the SP to hit 20 or 30p, would require at least full AIHL reccomendation, and/or FDA clearance.
Tiger16 - The company wouldn't have to neccessarily delist and go bankrupt. They can always raise cash through financing. If the products are so great, the company should be able to attract institutional investors. They will also have the non-pre-emptive firm placing, which is not conditional upon shareholder approval. This firm placing will generate 0.17M which is not a lot but should tie them over for a few weeks while they seek out other forms of financing. Every Fundraise this company has had, they have promised that some of the funds will be used for FDA approval, and every year nothing, not even an update on what is happening with FDA. How many times are they going to spin this line on shareholders. At the end of the day, it's us they're going to run to for funds when the going gets tough, so they should show us more respect by following through with their promises. Each to their own, but I will most certainly be voting No to this proposal.
Hi MIKODX , very informative post ... so please explain if all of us voted no to the placing , then with no runway cash , the company would have to de list and go bankrupt .. how does that support us .. we will loose our money , so would it not be better for us to vote yes and buy in at 1,5 p and at least the company is alive and has the chance to get their products out on the open market ... Nice approvals and FdA ...
Not upset at all lol.
I just think everyone should know what a lying, dangerous poster you are and that having seen your lies over the last few years, you would have cost people money.
If you have really bought shares every time you've stated, it's you that must be upset as you would be thousands down but since your not a holder and just a ramper, I guess you don't care!
I do Hope you are having a Good Day Carlose666 - You seem a Tad Upset Chap ?!! LOL
Mind you I can never recall anything but attacks from You on Positive Shareholding Posters LOL - Love it !!!
Take Care Chap !!!
Your nothing but a joke Bigliar67.
You said this was a great buy when 50p plus.
Each time GDR have raised, you have stated what a great chance it is to get more shares.
When I said this could go to 6p you attached me, along with others, but look where the sp is now.
You said GDR where funded until 2025, despite others telling you they where not.
If you look at your history over the past few years you have got every call on GDR wrong and when you have been proven to be wrong and told lies, you then attack those that where right.
Your have no shame and even now you think you are right despite you saying at £1 plus that great times where ahead and now the price is less than 2p!
Carlose666 - This stalker is also a 'Proven Compulsive Liar' - The 'Troll Group' in Rampant mode. LOL.
Is Carlose666 and that Guy -'Incognito the False' the same person ? LOL. It appears that there is a name switch (not in personality though), when that fella Guy - 'Incognito the False' cannot cope ? LOL
My Calculations are and were my Calculations, and were posted with a Line by Line explanation of how those Calculations were derived (Posting calculations is Not Lies, unlike the Blatant Lies that these individuals Post) - I note that 'Carlose666' and 'Incognito the False' and some others of the Troll Group dislike being called out, and feel the abhorrent need to reduce themselves to Posting Lies - Shame on them ! They have No Moral standing, and are IMHO Nasty individuals.
Hmm, MIKODX is in full deramping mode. I'm always wary of someone who has to shout their name. The fact is there are many companies out there running at a loss. One has to look at their products and the potential they have and GDR has a couple of gems IMO. Nor is a steady income stream just a pipe dream. According to the company: "The Board's internal assumptions of revenue growth forecast the Company transitioning to a positive EBITDA position in the second half the financial year ending 30 June 2026."
Don't worry Guy, I'm sure Bigliar67 will post some new figures on how well GDR is doing.
Bigliar67- you said we where funded until 2025 without the need for a raise, you clearly lied again!
Okay being generous lets add the Placing money to the value of the company, that would value the company at 7.5M. So if you do the maths 500M shares x an SP of 1p would give you a MCAP of 5M. So after the placing the best you can hope for will be 1.5p, thats unless we get some outstanding news regarding AIHL/Stroke test sales or FDA approval.
Correction - Your share which was once worth £1, will now be worth £0.00300, which is a third of a penny.
It's so sad watching people on here feeling so positive about this stock. It does have good fundamentals as in the potential for sales with AIHL and the stroke test, but financially the company is crippled, and will only get worse if the proposed placing goes ahead. On paper the company is valued at 1.5M taking into consideration Assets and debt, forget the business side of things, that is running at a loss. If the proposed placing goes ahead which would dilute the company with a further 400M shares then your share which was once worth £1, will now be worth less than a penny, £0.00100 to be precise. Anyone with half a brain will see that this company is basically a deadstock walking, especially if this Placing goes ahead. Shareholders should be gearing themselves up to vote No to this proposal, not celebrating where the company is at the present moment. Like I said, yes the future does look bright for the company with the products already out there, but it will mean nothing to the shareholders when their shares are worth nothing. Anyone taking any notice of the rampers on here, really need to stop investing in stocks that they just dont understand.
rowbot stop fibbing!! you have not lost 400k pounds in money, but may need to loose that in weight because you seem to do nothing but sit on your **** talking ****