Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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MM lower the price let there friends in fro cheap .. that old chess nut .. guys this was always going to happen before the news ... buys alreadt coming in now .. a blue sea of them ...
The thing is, if they decide to do a Riverfort drawdown and the longer time goes by the more likely it seems, then it suggests to me they may well wait until after upcoming positive news before doing a fundraise.
That's exactly what I'd thought Jimi but as we know from experience, once they do a RF drawdown, no matter for how much, RF sell the lot as quickly as they can and so that depresses the sp further. It basically means even if there is a surge of interest closer to July the sp will not climb anywhere near as high as it might have done if Cheek had just got on with a placing recently when the sp was nearer 9p! I assume the sp will therefore drop quite a bit lower on announcing the next RF drawdown and only recover when NICE news is imminent. Knowing AIM these days that news in July will be a 'sell the news' event and then Cheek will be scrambling around trying to raise funds with the sp back at about 5p. On the face of that that wouldn't be a bad result given where we are today but it's fairly nail biting for existing share holders.
I,m going for RNS today or Tomoz ...fair amount of trades today ..something in the offing imho..!!
That makes sense to me JimiHemdrix. It would be reasonable to take the RF drawdowns until confirmed full recommendation and then raise. I assume that GDR know if it’s confirmed as if anything untoward came up during the consultation they’d be approached to comment.
So, it could be great news. Or, it could be terrible news!
Hoping for great news, but the SP would suggest otherwise.
Kicking myself now for not averaging down again whilst awaiting news.
I do think this will come good...
Good Luck
RF drawdown does not even cover 1 months cashburn!!!!
It's an absolute disgrace that their costs continue to be this high!!!!
Slacker, they have another £1.5m they can draw on. They did £600k last time I believe. They have enough cash to keep going for another 6 weeks so with another £600k from RF and income from sales (which we hope are on the increase) they have enough for about 3 months. This would get them well past the July NICE news due on the 10th.
Once that Full recommendation lands we will be presented with a different picture imo.
As for going private, I don’t think Cheek can simply make this decision on his own with the Directors. They would have to have a huge controlling stake amongst the share holding body and I don’t think they do, by a long stretch.
"MM lower the price let there friends in fro cheap .. that old chess nut .. guys this was always going to happen before the news ..""
You mean that the Market makers friends are too stupid to wait until the heavily discounted placing???
PMSL!!!!!!!!!!
Ooohhh how exciting waiting for the share dilution!!??
If they raise £5million @ 1p that's an extra 500 000 000 shares added to the market.
We are all proper fuked!!
No thank you.
I’d rather the placing be above 12p.
@slacker did you manage to exit ENET in one piece ? 😳
Guys the people in the know , if so would explain the sell out today .. if no rns comes in the morning tomorrow .. then believe no one is in the know .. loose hands selling up .. end off .. and if a funds raising RNS dosnt come tomorrow .. then there is something serious going on in the background ..
It's wednesday....RNS day for GDR ...come on cheek spill the beans..!!..GLA LTH,s
💤💤💤🔻
Looks like Cheek is running this into the ground. Come back David Budd, all is forgiven!
There will be a motive behind this......just a matter of time before he drops the bombshell!!!
There is more chance of a ceasefire in Gaza today than a rns
Into the 2,s if no news today /this week..what sh*t show this is turning into..!!
Under normal circumstances I’d expect this to bounce but the looming prospect of a very discounted placing makes it unlikely now. Tge RF facility is at an 8% discount which would be a much better rate than going to the market so I assume the company will utilise that first. However the statement “Finally, we will seek to raise further equity funding in the coming weeks in order to provide a longer-term financing solution for the Company's exciting growth plans” has been assumed to mean an additional placing?
Turning into?? It's been like it for years and will continue until new ownership and funding sorted. You didn't want to listen.
Bankruptstock!!
No chance of a ceasefire in Gaza because it would be the wrong thing period!!
Dogg
The CEO, Cheek has said a couple of times in shareholder briefings that there will be an equity raise, in so many words. The second time pretty recently.
Mind you he has said a lot of stuff, about sales, about FDA submissions which have not met this timescales, or indeed happened at all yet, so his credibility is pretty low. IMO he’s out of his depth.
Following on from this I see you have a position in SCE after THEIR heavily discounted raise, Dogg.
The investor meeting for that company will be interesting tomorrow!
Are you going to get into GDR if there is a raise? It looks like it will be at a similar price to SCE’s.
And whilst there isn’t the huge order book that SCE is blessed with, GDR has the prospect of a huge approval from NICE in July which will act as a huge stimulus to the stock price, if they can sort out this equity raise at some price or other.
If they get this raise off I’ll be piling in, that’s for sure.