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3.81m market cap.
I think when the results sink in the smart money will realise the market don’t reflect the products and potential and this could be a case when suitors looking to buy it on the cheap start mopping up cheap shares.
I could be wrong but averaging is smart at these levels especially as finance arrangements haven’t been stated and could already be in place with other means than dilution
Nissan, I don’t mean by 10% or what has amounted to an insignificant reduction, in talking about slashing their wages bills by over 50% or even more. They cd then have organised traditional loans for the short term to see them through the next year or so. Spending £450k per months for years when income was even less than it is now was business suicide.
"Strange that the US distributor wasn't announced like the European/ME ones were. My guess is Peel told them not to disclose it yet knowing that it would've sent the share price up."
LOL -just spat my tea out laughing !!!!
You guys have such wild imagination its actually scary
Roger65 I now think you can’t read as Cheek clearly stated they reduced running costs in the RNS. They also increased sales.
Strange that the US distributor wasn't announced like the European/ME ones were. My guess is Peel told them not to disclose it yet knowing that it would've sent the share price up.
The main problem is no financial discipline and a refusal to look after the balance sheets.
Budd and Cheek have refused to significantly reduce the monthly spend. Should have laid staff off and bided their time until Nice approvals.
M will be bought out for peanuts. Sp for now going to 1p and then sold for about £2m is my guess. What a total disaster.
Agree, AIM needs to be overhauled. It’s an Achilles heel for the LSE imho, not a good sidekick.
The Market cap is slowly drifting towards the same value as the CEO's annual salary! Bleeding cash whilst sales are more or less Zero. No business can be run like this. Only a charity would think this was an acceptable way forward. The Dudd's legacy lives on.......... unfortunately
My guess is GDR is taken out soon by a savvy company knowing the LTHs have supported it the stage of products and contracts but with no cash it’s inevitable that someone will get a Rolls Royce @ 99.9% discount and simply add value to their company. Minus the management who will be replaced I guess. How did a once darling of the AIM become a huge failure
If they get nice approval it will rocket
Current cash runway until the end of May, however they also have £1.5m still available in the facility to drawdown if they need.
Specialist commissioning potentially coming to Manchester hospitals next month. If that comes before funding then the share price will be much higher.
Another Aim disaster to add to my accruing tally. I fear the end is nigh here save for some miracle. Whatever sales have been achieved to date have not brought in enough revenue to even keep the lights on. It's all very disappointing. I think aim needs to be more closely regulated to prevent aim directors from getting rich at the expense of hard working private investors. It's a disgrace really.
"This must be the first positive results RNS in years."
PMSL... What drugs are you on pal?
Sales of 240k AFTER generating sales in France, Austria, Greece, Saudi Arabia, Turkey and the Netherlands PLUS the Brighton hospital.
We need a miracle to survive...
Genedrive currently has a mkt cap of £4.5m. I think a mkt cap of £2m would be more appropriate and that's being generous. The SP could well go below 2p. It certainly wouldn't surprise me.
Sorry about spelling mistakes as just opened my eyes to this!.
3p! Currently and raising more cash at shareholders expense I guess.
The best thing to happen would be a takeover in my opinion.
I’m sure in a few years this company could make serious money but for now it’s existence as a standalone company appears untenable in my opinion unless the markets see a positive and lift the price to get a fund raise away.
Such a shame for LTHs who have all but been wiped out by previous boards actions.
A classic example of the need the need to look after the balance sheet
I think that is the main aim, IF we can get through the next 12 months AND get a deal in the US then that gives us a fighting chance to become self funding. We are in a poor financial mess but time is what we need right now.
They have sufficient cash to operate as a going concern until May 2024. That's 5 weeks away!!!. They're still seeking funding, which means no funding has been secured. Will be interesting to see what happens today???
Price will stay steady hopefully...but might go down...we,LL soon find out ...!!
GDR have burnt trough £0.8M in 3 Months. Imho they would need to raise £2M just to see them through another 12 Months.
Don,t know what to make of that..!!.not great imho.....(I,m moving from "strong buy " to" hold")
GLA LTH s..
The problem for me is the Ned to raise more cash in week to fund expansion!
I mention of how!
It looks like they are trying to keep the lights on.
This must be the first positive results RNS in years.
Before the tax credit we had one month of money left 😭 disgraceful