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Pacman121 - II's have already bought 24 million shares, what are you on about?
Read 10/09 RNS and stop talking nonsense:
Manchester, UK - 10 September 2021: genedrive plc (LSE: GDR), the near patient molecular diagnostics company, is pleased to announce the successful completion of the placing .....................
Sorry for the double post again.
I'm not taking part in the open offer mate. Doubt ii's will either as they too can buy on the open market. They have the most to loose by diluting themselves so doubt they'll do it. 24million shares up for grabs. That's plenty.
Fair play mate each to their own, not very often you see the IIs lose out and i doubt they will here , its always us minions that do that hence i am going for the 30-35p profit margin as the IIs would nt bother investing for much lower than 20-30% profit i think.
I'm not taking part in the open offer mate. Doubt ii's will either as they too can buy on the open market. They have the most to loose by diluting themselves so doubt they'll do it. 24million shares up for grabs. That's plenty.
Packman , also taking part in the OO do you think the sp will go up after the OO. I totally get why some are saying not to take part in the OO as it will further dilute the company and our shares we are currently holding and also with the BOD s pitiful performance so far in selling our products.
As IIs are current holders would they not also be allowed to apply for the OO ? , as i feel the OO will be taken up fully what with the products that are due to come on line .
I am not predicting that the sp will shoot up to 80p plus even though i would be more than happy if it did , but at 25p then there is surely a profit to be had .
What would cause the open offer to be cancelled? Lack of interest or is there a minimum amount that needs to be taken?
The open offer is 100% pointless unless as people have said the SP goes up significantly before then to take the risk. The £6m raise takes us to 87m shares which is still relatively low and would be eaten up on a successful AIHL and POC launch. The revenue/profit from this is what could then be used to drive the business and give the directors some motivation to get results. Giving them another £4.5m to mess around with won't give the same sense of urgency. No point going into US until revenue generating in UK/EU. Theres a massive POC maket right here, on their doorstep. USA is just a money-draining expense that doesn't seem to work for GDR. Too much too soon = a bust.
Also where is the media coverage of these awesome shiny new tests? The AIHL is obvious and the POC stats are amazing yet if you try to search for either you find nothing. Maybe they are saving it all for kick off time number 2.
Not going to take part in OO as doesn't make sense at the current price to further dilute my holding so just bought another 19724 share to average down as have to do it to bring average under 100p. Need something solid now from company to get my investment back. Best of luck all genuine fellow investors.
Whoever it is, its not a director of the company. LOL!!
Any thoughts ?
If the placing is terminated - what will happen to the SP ? No PI will be able to buy at 25p, only ii who bought already. Interesting scenario.
Just reading again the last RNS:
The Open Offer is conditional on the Placing becoming or being declared unconditional in all respects and not being terminated before Admission. Accordingly, if the conditions to the Placing are not satisfied or waived (where capable of waiver), the Open Offer will not proceed.
I agree why would the ii want to put money in.
For sure something have convinced the ii to put another 6m into company, what, we should find soon, I guess GM date would be.
I think we can agree what we'd like to see is for example long term NHS contracts come out of AIHL (and news on DoD contracts etc) and the business therefore on a commercial foundation to progress the other products longer term. Despite everything recently I don't see why that shouldn't be within reach now (yes, I know, we're griping but I presume that sort of progress is why the longer term ii's are invested)
its called closing out yr short sell u dumbasses.
As seen past 2 days large buys picking up sellers shares ,the buy of over three hundred thousand shares
Is it fair that a CEO of any company allowed to buy low priced shares .???????....
I believe the same regarding the india rns.why put that out??he didnt want the sp to be high,why was that??id love to see him stripped of some money and his job.
Anyone smart enough to look into this on here?? Im not ,and dont mind admitting that
£20k is meaningless to him it’s nothing more than a gesture from a bloke who’s paid himself a small fortune to run a testing company during a world wide pandemic which has failed to sell ANYTHING making his position untenable Dudd has to go
"The £20k and £10k by Budd and Fowler is just an investment in securing their jobs for another 2 years minimum, so small price to pay. Don't forget they are on £400k and and £180k respectively, before bonus"
Not that it makes much difference but in the interests of accuracy I think DB got paid around £437k inclusive of bonus last year as per the November 2020 annual report. Rather than before bonus.
But yes I agree that the directors needed to show willing to buy into the placing to demonstrate confidence for bigger money to follow.
That exchange was back in August last year when i was actually invested here btw.
He never came across as genuine to me.
Said a long time ago David Budd was a grade A ****.
They failed ICMR at least once and never disclosed it. I even emailed him and he stated this in a response 'Your comments below that we never applied, we’ve failed twice, no records that we’ve applied… are not true' My enquiry was that they failed ICMR as per a conversation with an admin at the Delhi centre stating there was no live record under GDR at this time of questioning. odd he never dismissed my claim they had failed at least once..
He followed it up with:
'I get the frustration – were frustrated sometimes too. Private Investors sometimes forget the team here has our own money invested in the company too, and were all aligned to making it work as quickly as we can. COVID is not in my opinion a fleeting opportunity. '
He really is a rat. Hope you get him bang to rights or at least get him ousted.
The £20k and £10k by Budd and Fowler is just an investment in securing their jobs for another 2 years minimum, so small price to pay. Don't forget they are on £400k and and £180k respectively, before bonus. If someone asked me to buy £10k of shares to secure my job on those salaries for 2 years, i wouldn't bat an eye lid. They've only bought because they have got pesered for the lack of director buys, otherwise tgey would have bought 0.