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Slacker246, RF have zero shares to off load. The CFO confirmed this in the presentation. You have listened to it haven't you?
How many shares are riverfort still holding waiting to off load????
Nose dive to 3p imho..
Good posts BigAl and MisterPositive 👍
I’m pleased those with a hidden agenda are being exposed 😊.
Onwards and upwards for GDR.
Stephen11.
BigAl
Good post. Some on this board twisting facts for their own obvious agenda for a lower entry. Some have made it too obvious.
In my own view, we would be raise funds at a higher price from current 6p after some positive updates soon.
Only got 143m shares in issue currently. Lets say they issue another 60m shares @ 10p to raise £6m....that would be circa 200m shares in total.
I will be happy to participate @ 10p and wait for £1.00 when MCap gets to £200m unless bought earlier by Pharma with lowball cheap offer @ 40p
@MIKODX,
You posted ''I fully understand why some feel the company could go private. In the Presentation Q&A, when asked if the company could go private, the CEO replied "no comment", and when asked again, he said he doesn't want to comment on it. That was very very telling.''
I think you would benefit from listening to the Presentation again ?!!
The question asked was '' has there been any discussions about taking the Company Private'' and the voice of the person asking the question turned to a laugh, and said ''he was not sure that James would be able to answer, but he would read it out anyway'', and James Cheek clearly smiled, and clearly looked surprised at such a question, and then said ''that's an interesting question, lets just say its not something I would want to comment on, followed by its not something I want to discuss''.
James Cheek was Not asked the question again, as you stated, and he did not just say ''No Comment'' as you have stated - Your recollection of the question and the way you say it was answered is very biased to the negative? - Where as the reality is completely different !!
Advice is a noun that refers to an opinion or suggestion that is given. Advise is a verb that refers to the act of giving an opinion or suggestion.
Tiger, sorry but you talk such drivel. And please, please learn when to use the word advise or advice. You sound like System.
Because, Stephen, they’ve been assured finance from private sources. If they are determined to keep it on AIM and publicly funded then hiring another director would be tantamount to an act of self harm.
It’s just wrong. All wrong. They were hoping for some kind of big surge from that presentation but let’s face it, it was dreadful. A pathetic finale from Cheek saying the company is in a brilliant position was just a classic example of AIM Director desperation. I’ve heard similar recently from the likes of EISB announcing administration three weeks after a presentation in which the CEO talks about hopes for 2024 and heading for a profitable year of sales etc. it’s all bs and GDR are in the worst possible position financially.
I fluctuate between mildly optimistic and desperately pessimistic. One can’t be being realistic if after that presentation you think everything is going to be ok. It’s on a knife edge and given GDR’s track record with sales and the pedestrian rate of progress within the medical approval bodies, one just can’t be confident. You’re blind if you think or say it’s a great investment.
HI stock pick ...
Your post is so desperate its like so clear your really saying , please everyone sell so i can get in now as I have missed the boat ...
The truth is of course their is a element of risk that is greater here than any other stock right now , and its also factual that there is a very attractive upside to this stock as well which is the life changing devices days away from official approval and a USA partnership ...
Whats real is that the only real profit that is made ON Aim is where the above circumstances are present in real time , meaning high risk VS reward ... how often do these opportunities come around especially in todays market ...
This will not go under 5,50 p 100 percent , those invested are experienced enough to see that its worth the risk ...
I personally believe that this wont go private , why ... simple the team make more money and are have a incentive to get results and extra pay days ... More importantly , they are at a stage where they will one way or another get funding ... as they have what the medical world need and their foot is already through the door ...NHS , NICE ....
This is not financial advise , I personally have been burnt here before , yet giving this another 5 bags at this price is worth the gamble ...
If the situation is as dire as you describe then why would GDR have recently recruited a new person to be in charge of quality control and the regulatory processes involved with full validation in the various territories?
Yes, I thought that too. He could very well have said that there were no plans to go private, and you have to ask yourself why he didn’t, if it isn’t under consideration. As you say, very telling.
But even if they don’t do that (or can’t) the fact is that they are in a terrible hole financially , and being listed on AIM, together with the grants they have got here and there haven’t guaranteed them a secure financial footing. It’s been hand to mouth, death spiral financing. And not they have just a few weeks of cash left.
Hard to see why shareholders continue to hold in these circumstances. Stuck between the devil (a delisting followed by being taken private) and the deep blue sea (a humungus dilution at an eye watering discount to the current price) it makes absolutely no objective sense.
At any moment either of these two scenarios could be announced before the market opens. giving you no chance to get out even at current, highly depressed prices.
I don’t understand why anyone is still holding. Even in the least bad scenario you can get back in cheaper after a raise is announced.
I fully understand why some feel the company could go private. In the Presentation Q&A, when asked if the company could go private, the CEO replied "no comment", and when asked again, he said he doesn't want to comment on it. That was very very telling. But I agree, the company has huge potential and sales have increased substantially lately. If we can expand to another fifteen or so sites, then we can start dreaming bigger.
Mister Positive ; Good morning
Excellent Post . content is factual , rather that some very silly posts saying lights out m de list , private ...
The company is about to reach new level ... they have two life changing products ... the next RNS in coming will blow this out of the sky ...
100M? The company can’t even generate 1M yet, calm down. Let’s get to the first million before taking about hundreds of millions.
They've hired loads of BDM etc since 2021 , it was always 'they wouldn't hire them of sales weren't guaranteed'
Whilst you want to be hopeful dont think hiring someone means anything is certain
You only hire new employes when you are, or planning to expand, looking good at last for huge sales for world class products,.
From 40k sales to 100m yes that’s very realistic
We aren't even close to doing 1% of that yet lol
Genedrive is finally on the cusp of generating substantial revenues from its 2 quality products - AIHL tests and STROKE tests.
AIHL being totally exclusive and first to market for Genedrive with NO competition.
GloriaMarket - wild ongoing speculation from you in the past 2 weeks about de-listing and taking company private ???
Far from it - all companies list on AIM to generate funding for Expansion and growth. It takes years for Bio-tech companies to develop breakthrough technology which Genedrive has now got with not one but 2 quality products. Sales will increase substantially as more NHS sites come on board. UK market alone is HUGE for Genedrive before adding Europe, USA, Middle East, Asia Pacific and rest of the world.