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Under 1.5p unfortunately.
Has everyone sold their holdings to buy back cheaper later ? 🤔
Of course it's going down to the placing price seen it too many times. If they had done the placing at 3p the SP would have reacted a lot more positively. we might even have climbed to 4 or 5. Lost all confidence in the BOD.
If this drops below 1.5p before the 31st will the £6m target fundraise not be met? Then what? Conditional placing doesn’t go through and shareholders get left holding a steaming bag?
If its definitely going below 1.5p and probley closer to 1p than 1.5p !!!!
Genedrive have no income but they continue to spend ÂŁ400,000.00 every month !!
What do they spend this money on??
Cheeky takes 6.25% every month !!
Yes a kick in the teeth to shareholders if it drops below placing price
I would say to turn the other Cheek but that would be just wrong
I don’t see it dropping below 1.5 before the Placing, but I see it dropping below that leading up to the stroke news.
No need to take up the placing offer as this is now going to be cheaper than 1.5p you just couldn’t make it up.
The reason the company discounted by such a large percentage is because they feared they would not get the up take they need. And by their own admission they would find it difficult to get funding by other means.
From a shareholder perspective they have destroyed the share value and have diluted massively so have been hit twice . Whilst the executives have not sacrificed any salary in the pursuit of financial security.
On the up side the business will be e funded for at least 12 months.
But there’s a huge question mark as to when they will reach breakeven point with sales income let alone make a profit.
They have made predictions of potential sales in both the Uk and Europe but haven’t put timescales .
So anyone buying in will be blind to the likelihood of true success . Cheek has already shown he can’t be trusted just as Budd couldn’t be either ….time will tell…. I guess….. IMHO
This investment has only ever a been a complete and utter bag of sh ite.
GENEDRIVE moves at a painful absolute snails pace and we are rinsed dry of ÂŁ400.000 every single month WTF!!!!!!!!!!!!
Stand back everyone.. what's left of Spackers brain is about to explode...
True Slacker, but why bother repeating the same tiresome post over and over again. There's lots of basket case companies on AIM anyway. To me the very fact that the REX platform exists is further proof that AIM is in trouble. It obviously difficult for firms like these to raise all the capital they need from IIs in the traditional way as before, through underwritten placings.
It’s stated in the 9 May RNS the forecast is positive EBITDA in first half 2026, it also details how they’ll get there in respect of sales and revenue from each product, subject to the expected caveats.
They definitely stand a chance of doing it if they can raise the ÂŁ6m. On the other hand, will always be significant chance of another raise, especially is ÂŁ6m isn't really a lot of money, so little margin for error in the forecast. At the same time, if they hit some milestones, they might not so much difficulty raising more money from IIs anyway.
Speaking if hitting a milestone, milestone rns