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But we knew that already. Funding still pending.
Absolute washout
You sold out at a bigger loss roger65? I had hoped this would be 123p by now. :(
Looking grim. Don't think this can bounce anywhere until funding news is announced and I don't think cheek will get any funds from anywhere other than from either RF or a placing at perhaps a 75% discount? ie about 1p
GDR is on the floor and desperate so if anyone wants it then they could probably buy it at the moment for well under £10m. The alternative is going bust, private or further into the death spiral finance deal. Think GDR will end up being bought by the US partner for £5m but only once Cheek has done a huge placing at a massive discount to pay for the FDA submission and clinical trials lined up.
Roger65 looks like it will retest 2.5p to 3p range soon unless there is positive fundraising news. One of the main reasons I sold out as I was scared this would happen with silence.
We bounced off 3-3.5p last time.
Will get there again, just hope it does the same this time!
Surely the staff of the company, over 40 of them, must know their jobs are in danger of disappearing? What do they know that the market doesn't in order to be turning up for work every day without knowing if your job will still exist in another 6 weeks. This is no way to treat people, playing fire with their livelihoods gambling on whether or not this hopeless market will get behind GDR on no news and without knowing where the next tranche of funding will come from.
On days like this I think it's better not to support UK small caps no matter how worthy a cause their business endeavours might be. Markets are rigged and the CEOs simply view retail investors as hapless piggy bank holders who are there to be duped into handing over money to lost causes.
No stopping this rot until they raise funds... they'd be best off spending any money they have left on tickets for the lottery tonight
I agree, the board, cheek promised much but like budd delivered very little, it’s shocking really, where are all the promised health authorities taking up up our test as promised.. and how many people are in sales and have they been doing for the last 2plus years. I’m in fit 1000s and it’s just awful to watch
GDR is Hemorrhaging right now. This is awful to watch. Time to abandon ship I'm afraid. It's either a placing at an horrific discount or more RF drawdowns which will see the sp crash anyway due to RF immediately dumping shares at any price. No point to stay in any longer. FFS Cheek pull your finger out NOW and DO something!
Sh*t...down we go...!!
Hopefully for you guys it won't be another Yourgene Shi*show.
Started Nov 2022 at 3.75p a share, fell to 1.85p by late December then placed at 0.3p the next day. Must have been sickening and don't have enough of the details to know if this is directly comparable but Cheek needs to get something over the line and soon to prevent this falling further.
Yeah this isn't worth holding now. They will clearly have to take another few drawdowns from RF to keep the lights on. they have no other option now. I think they still have access to another £1.5m from so there is enough to get them until the end of the summer and over the period when NICE will release news but of course the sp will continue to drop. I honestly think Cheek would not risk so many jobs by letting this get so close to going bust so he's definitely got a plan imho. I think it may well have been pinning all his hopes on a surge of sentiment as we approach NICE news in July but he's hammered away at share holders about needing funding so no one wants to buy until the solution is in plain view.
And fwiw, not been able to sell anything over £500 for the last half an hour so suspect this will be back at 3p by the end of this week.
He must be waiting on some big news or an order, absolutely must be!no CEO leaves it this late! He must be confident of something.... Surely!
Cheek talks the talk. Walking the walk not so much.
They are so close to running out of cash now we must be getting down to the timing of employee’s wages. When in the month of May are they sent into bank accounts?
Cheeky boy isn’t going to want that becoming an issue (just how anxious must the employees be now?) so there has to be a draw down any day if they can’t get the equity raise off. And what price is that going to be at even if they do?
How do these AIM firms end up with such amateurish buffoons managing them??
If you need a raise, organise one. Jeez.
So much for better communication with shareholders
Just more of the same as dudd whilst earning a fortune
bravehearts cx300 its multi functional it is going to take of before genedrives products i think especially being able to detect sepsis plus other horrible stuff.i am in here to a **** load down but do think it will come good eventually
The talk of going private I think is a very real possibility, however having given this some considerable thought my current views is that this may well be a good thing. My thinking at least is as follows...
Ian Gilham has a very successful track record of growing small companies and selling them for significant value, many around the £250m marker. Not so long ago, the company issued share options to its senior team, with James Cheek I believe having the option of 750k shares and Gino around 500k shares, amongst many other top management. If the company was to be taken private for a pittance, then what kind of an incentive would that be for the top management to perform. Share Option are incentives to deliver against key objectives by a certain date more often than not. It was also stated in the RNS where the options were granted that they could be taken up subject to hitting specific performance targets by June 2025.
From a perspective of employee satisfaction and rewarding performance, going private not would be a massive disincentive for anyone.
We know that the following news is likely to land between now and June 2025:
1. Potential for full recommendation from NICE for CYP2C19 stroke test, with then potential NHS take up as mandatory (this should increase the SP)
2. NICE special commissioning for MT-RNR1 to avoid deafness in new borns which is expected by end of this calendar year or early 2025.
3. CE+ marking for CYPC219 stroke test early in 2025
This is the top 3 for me and all fall conveniently prior to the June 2025 target date for 'key targets to be met' in respect of Share Options. If the company hits these targets, one would imagine the SP will be far higher and prime for going private at a sizeable buyout price. Any buyout price would be based on current valuation and also expected valuations based on products in development...not just based on MCAP.
Its worth recapping on the RNS with the share options for directors as its states in there clearly around certain performance criteria being met.
Just my thoughts only, but would welcome others views.
Tiger, if you hadn’t been 100% wrong with every prediction on this stock to date then I’d be tempted to get a little excited.
Guys fasten your seat belts i feel tomorrow morning is a going to be a big day for us all ..
GDR are a million miles away from qualifying for a main Nasdaq Listing so that’s not even worth thinking about.
Cheek has it all to do here in the UK.
FGS I thought tiger had sold out. Utter dross merchant
Talking about Nasdaq listing, look how poorly Conduit Pharmaceutical have done across the pond!
Haha,
Tiger the shameless BS merchant appears 😂.
Karma or SFO!
This share is exciting , and has all the mechanic s to make us a serious profit
Low Market cap
Cheap entry
Life changing devices exclusive to them and the market .
Yes no doubt his is high risk at the brink of bankruptcy ... But guys these are the stocks that make serious money .. the rest are safer , for a 10 per cent return ... Na not for me , risk vs reward ..
The coming week will be one of interest ...