We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Suggest anyone that has a Twitter account, make your views known.
Well that's what you said your posts, read it again. The launches themselves will cost no more than £1.2m, the other £9m will go in the bank with the current £1.9m they have to pay them for the next 18 months ir so until they place again.
He got this over the line with iis who rinsed this last time. He might well be under playing the modest take up you mention? We will all have to wait and see!
Low to no volume will soon tell where this is going. As Jim mentioned the OO is not attractive for Pis to take up at these low prices.
Tine will tell
Im not saying it will take that much im saying the placing for 6m is for the commercialisation and to keep the business running. 4.5m OO is extra and not linked
Well that's a load BS Clark. Where are youbfetting these numbers from? AIHL took just £600k to develop so why does it need 5 times as much to launch, given the initial uptaje is going to be modest anyway.
£6Mil is what they have raised to commercialise both AIHL and POC the OO for £4.5mil was to secure business cost and continue other lines of development (business costs = Bonuses)
Hello Jimi,
You made an interesting point about Sound Energy's actual share price falling below the placing value. If this happens to GDR and they fail to attract the 4.5m from the private investors, I wonder what would happen? Might they go back and ask more from the institutional investors? Cap in hand and begging bowl out?
I know that I am thinking of just averaging down via the open market naturally if I can get close to 25p or even slightly below 25p! This means I am not diluting my own investment.
Anyone else thinking same?
Open offer won’t be taken up IMO unless the share price is much higher than it is now by the deadline. Absolutely shocked at the discount given for the placing - I had feeling there would probably be a placing to support the launch but not at that price. I have tons of questions, but right now I’m trying to figure out the likelihood of something triggering a rise before open offer deadline. I’m also wondering if the board new the market makers would open at the placing price last Thursday, I doubt it …as otherwise why would they think anyone would take up the open offer if they can buy on the open market without diluting their existing holdings. I’ve been away the past week, had even worse news last Thursday than the placing… but it’s been on my mind… and cost me a fortune in leveraged positions! I remember an open offer with (I think) Sound Energy 4 or 5 years ago that wasn’t taken up because share price fell below the offered price. Like most I’m now well down on my main holdings.
Lots of other thoughts, but will write when home. Like how could BC not sell anything? They were marketing in Europe too where FDA wasn’t needed, yet have they failed there too? We still don’t actually have any figures about how many they’ve sold. Only what genedrive have sold up to end of June.
HCV looks like it’s going to lose WHO… can’t they alter the test to avoid that happening? What they said about the POC test doesn’t sound that good either anymore, they’ve made the target market sound tiny. Just getting some initial thoughts off my chest, there’s obviously upside to be had over time (IMO) but we’ll annoyed. I started suspecting something wasn’t right with that Rt-PCR test when their office mate was using an alternative. Can’t understand why they haven’t reduced the cost, some profit is better than none - seems greed has been one of the problems.
*broker not board
Pacman it's because both the board and the company are trying to distant themselves from their failures to new PIs, hence no mention of the PCR testing on the broker note. They need to entice new PIs to take the shares from their mates at a profit, as well as the OO to existing investors to boost their coffers. Therefore they have picked figures from thin air for products which haven't even beeen launched, but said sweet FA about a product they had on the market gor 18 months.
Morning all. I think Dave touched in this but how are we getting broker revenue forecasts for 2 products that won't be commercialised till next month, yet we had no revenue forecasts for the BC partnership- an established global distributor?
Also agree. Open offer shares - no benefit. Even new investors that take them will only be adding to dilution. Best to buy on open market if you want in.