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If this was supposed to be the good news that would make the SP soar with a raise off the back of it bad luck. Massive dilution is clearly on the way and there is no way on gods green earth you would buy now. The placement will land within next few days and no doubt they were waiting to see a jump before final offer. Unless there is more really great news about to land. Which there isn't. Or they wouldn't have to raise hahaha.
Random guess....Raise £10m @ 25p a share = 40,000,000 shares
Lets me buy but not allowing me to sell...Don't be left holding the baby ;)
Result of Open Offer
London, UK - 29 September 2021: genedrive plc (LSE: GDR), the near patient molecular diagnostics company, announces that it has conditionally raised total gross proceeds of approximately £1.1 million through the Open Offer which was announced on 10 September 2021.
Result of the Open Offer
The Company received valid acceptances for 4,450,852 Open Offer Shares which is less than the 18,091,442 Open Offer Shares that were offered to Qualifying Shareholders. As a result all subscriptions by Qualifying Shareholders will be met in full.
Therefore, the Company has raised total gross proceeds of approximately £7.1 million by way of the Placing and the Open Offer. Net proceeds are estimated to be approximately £6.6 million.
Application has been made to the London Stock Exchange for the admission of 28,450,852 New Ordinary Shares to trading on AIM ("Admission"). This comprises (i) 24,000,000 Placing Shares; and (ii) 4,450,852 Open Offer Shares. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Last Open offer was 25p (Sept'21)
Onwards and upwards
We ain,t going anywhere until funding sorted...imho
Get the weak out, not many shares in issue this is massive news
Can anyone tell me the last share issue price? Then I will 'crunch' the numbers.
Yes, that was already know, so what a nice intra day rns - clinical trial agreement in a huge US market - need to digest this news as many have not read it. They could collaborate and get partner so plenty of options
Massive tree shake coming in now , The MM have some big buyers coming to join the party .. i feel it ..
Not necessary from share holders
Yes, but the RNS also says that more funding will be required. Rough with the smooth.
Look at latest RNS
Yes guy , but I didnt buy , wish i had now , already have a considerable amount invested ...I said before this will never be below 5p to buy again .. risk vs reward baby ... this is really big news .. USA is a big market and now you will see big players in the USA coming on board to fund , and fast track this through the FDA , once this rolls out in the USA , the world and us of course will follow suite ..
Petro aka 'Mrs Doubtfire'!!
You said you was going to buy more earlier on the back of him saying something positive
Lol. Poor Petro, always left holding the baby. Maybe we should start calling him Mr Warbucks 🤔
Stop being a complete bell end roger. People have hard earned money invested here not to mention the medical benefits to children which GDR's technology will bring. Stop behaving like a child.
Roger you really have no faith in this company at all , so hence you should sell up and move on , leave us all alone ..
The Sp , needs step by step news coming in step by step , this is more attractive and the one big drop that includes all news of developments at once .. now this will close around 7 p and Friday will take it to double digits .. this is a big market USA and big news ...
Look whether funding needed from JV or dilution , to be in this position with this potential is huge.
Some huge buys went through earlier. If there is an announcement on Friday or next week regarding stroke test this really will move up...
GLA the FDA will be bloody massive and a real game changer here. Patience play.
Funding might be coming from a licencing deal. Has anyone factored that in? We've seen it many times before in this sector to progress clinical trials and in some industries a JV is the norm to move things forward from A-B. A curve ball like that would certainly turbo charge the GDR share price.
Or as petro would say 'don't be left holding the baby'. Where does he get all these babies from. I'm now convinced he's in charge of an orphanage....