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So much for better communication with shareholders
Just more of the same as dudd whilst earning a fortune
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.
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!
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.
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.
Sh*t...down we go...!!
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!
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
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
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.
We bounced off 3-3.5p last time.
Will get there again, just hope it does the same this time!
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.
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.
You sold out at a bigger loss roger65? I had hoped this would be 123p by now. :(
Absolute washout
But we knew that already. Funding still pending.
Why are some here acting distraught as if a few weeks ago the actual CFO told you all they were doing an equity raise/placing.
He even told you all there would be an open offer for you to participate in.
Anyone holding after hearing those words is down right bonkers, either that, or they literally wanted to lose money (unlikely).
Shame on the rampers on here who tried to quieten the likes of myself offering a logical opinion.
Crazy that £20k worth of sales can wipe £1m off the value of a company. AIM is so fked atm.
Nissan didn’t you sell Also?
I am still interested in this stock. I was hoping QBT would rocket but it crashed instead but if QBT rockets and GDR does a fundraise, I will be back in which is unlikely anytime soon for QBT. :(