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Guys good news this is way over sold ... the placing is more than done and they have their funds now ..
Now watch this rise with news as it flows in ... they have done well ..
The shares didn’t hit the market yet is well above 1.5 and this guy say that is oversold 😂😂😂😂😂😂😂😂😂😂😂😂oh my cod
Tiger16 - I appreciate that you want it to be good news for your own benefit. The placing has not been completed yet, which you well know. I very much doubt they will raise the necessary minimum £6M. In the last placing the retail offer was undersubscribed. Even at 1.5p I still suspect that Genedrive will fall short of the required minimum £6M. I hope for the long term holders that they manage to meet the minimum requirements in the cash raise, but we have to be honest realistic. Genedrive has a long track record of over promised and under delivering. The one thing they are consistent at is over spending shareholders funds. Tiger16 you should have stayed out of Genedrive when you last sold at a small loss. This is still a very high risk play. The one saving grace you have is that you are invested in Rua Life Sciences. I'm pretty confident you will recoup all your losses from Genedrive in RUA. Good luck Tiger16. I do hope it works out for you. Atb Popeye.
I’m not investing in this year but truly you should not listen to Plonkers like this one
Thanks Popeye .. I believe in manifesting , forward thinking ...
I am excited about RUA.. dead cert i believe ..
My take is they will raise the amount required ... why As i believe they are holding some big news back until the plaicng shares are available on the market .. Just a feeling I have .. i also believe they really want t go it alone ..
now a question fro anyone who is kind enough to help .
If one has 114086 shares and bought a further £1k shares at 1.5 p placing price , then what price would the sp have to be for me to get my money back ?
Not enough info to work it out unless you let us know how much your 114086 shares cost you.
Hi small stake
Thats very kind of you ..
I payed £5987.98.
£1k at 1.5pps will buy you an additional 66,666 shares bringing your total up to 180,752 at a total cost of £6,987.98, your break even point will be 3.866 pence per share give or take. Please check maths just in case
"£1k at 1.5pps will buy you an additional 66,666" too many 6's there. 6,666 it should read
You get 66.6666 shares for each pound, so £1000 buys 66,666 the Joy's of penny shares is they make your holding look great .
Look.. I know i'm splitting hairs but.. you only get 66 shares for a pound.. fractions of a share don't exist?
Anyway yes.. see what happens when you put the decimal point in the wrong place..
666 is no longer alone
He's getting out the marrow in your backbone
Thank you Small Stake .... would you take up the offer and buy another 1 k to average down in my position or would you leave the holding as it is , which then I would need a little over 5 p to break even .???
Indeed no fractional shares allowed, tiger please consider throwing an extra 2p in the pot and buy £1000.02 worth to make life easier and get 66,668 whole shares at 1.5 p each Haha. Good luck all what ever you decide to do
When can we expect this corporate action to be live , I invest with barclays ..
do you think it is possible this may be oversold and we dont get the opportunity to buy in small stake ?
You are welcome. I can't give advise mate, if I knew what to do I would be rich, I am still sitting on the fence what to do here myself.
NT now
I'm 95% down on this AIM disaster so am not confident about averaging down. It might be throwing good money after bad. One thing's for sure though, AIM is simply disastrous for most investors. I think it should be disbanded.