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You make a good point with the speed the £4.6m left will burn up Gloria. Inflation sits at 11% so will go at least 11% quicker than last year.

Lots of arguing on here and lots of disappointment (me included) but the bottom line is this - most on here took a gamble of a small company making it big and have been coaxed in by spin from the company and a little bit of encouragement on here.

Sometimes a gamble comes off, more often than not it doesn’t. Personally I think this is done so now thinking is taking some better than losing it all which however optimistic you are has to be a big possibility.

You get stick on here Roger but you know what’s what. Anyone talking any sense gets shot down - it’s almost as if they close their eyes and say nice things about GDR it will be fine.

As you said it’s far from fine. I have never seen such a bad set of results or heard such a gloomy presentation. The profits dropped more than anyone thought possible. Goodness knows what the £50k sales were - probably the BOD buying machines themselves.

Whatever we say will be challenged so what’s the point. Actually today it was the company saying it’s bad - even so some filtered the message and believe it really was quite optimistic.

Baseright I do not care whether people buy, sell or whatever.

If you think today was good that’s fine. The world is full of dreamers and for a while I was one of them. This share is absolutely useless. The bloke was still harping in about covid testing and showed us how to use the machine.

Budd is laughing at you but you keep topping up his £300k a year. You are irritated with me because you know I’m right.

Only you can decide onlyprofit.

I heard enough today to make up my mind.

I agree Roger. I got enormous flack mid-August when I said they could go bust. They really could though. If the NHS were hungry for the technology it would be in far more places by now. We knew about Manchester and the nurses being trained. Perhaps it’s a one year training programme lol! He’s still living off that Manchester installation. He’s like Trigger when he got his medal on OFAH lol

They sounded beaten today and had nothing to say. A £50k profit and £4.7m loss is a catastrophe. I think the presentation was delayed and delayed in the hope a lucky sale came along to save them.

For whatever reason their things just don’t sell. I conclude they are not as good as Billy Bull- ****** Budd has led us to believe. They as good as said today they are not expecting sales and are running out of money.

There are several on here who can’t or don’t want to see the writing on the wall.

Again I take everyone back to the Dragons Den test. If you heard a pitch from GDR with zero sales and huge losses would you invest? No chance. Budd may sell this on the cheap but again who would buy it. I think it’s done.

I believe Truss also refused to take questions after the mini-budget. Think that settles how dreadful today was. April Fools lol

Get real NorthEast - I heard him alright. He said just what he said last year but this time it’s off a backdrop of a £4.7m loss. While people like your goodself keep wearing those rose tinted specs he knows he can keep taking from PI’s. I was a dreadful, empty presentation end of. If you regularly invest you will absolutely know that to. It was f****** dreadful. £4.6m in the bank, £4.7m lost. That’s how good it all is.

You tell people who face reality to clear off but we are doing you a favour. Stop throwing good money after bad.

If you noticed Budd kept saying ‘right’ after every nondescript statement he made.

This was no mistake. It’s done to try and convince those listening what he is saying is positive thus distracting from the utter nonsense he was saying about new sales strategies etc

GDR have had a brilliant year - right!

The next raise is purely to fund salaries.

It all sounded like a pipe-dream today. The sort we all have. You or I could have written that presentation without working for GDR. He told us nothing new. Why, because there’s nothing to say.

The managed to lose £4,700,000.

I am most pleased I know how to operate a covid testing machine following the step by step instructions from Budd during the presentation.

FFS what was all that about! Talk about nonsense. He had nothing to say, nothing at all.

Same old con trick - switched off. Spent 3 minutes telling us how to operate his Covid testing machine. Perhaps he hopes we will buy one.

What I want to know is ‘have I got a second series’

when you hear the word ‘solid’ in a sales presentation!

Solid means not very good but avoids saying not very good.

Things are either good or bad - these results are very bad. Some will still tune in at 12pm thinking Budd is going to mention something great. If there was anything it would have been mentioned when it happened.

These results and the commentary with them are so bad I expect Jeremy Beadle to make an appearance at the results presentation.

Possibly some of the worst results I have ever seen. And please don’t blame the pandemic as that’s just too ironic!

Outlook

‘I am excited for what we are achieving’.

We’re not overly excited to be honest Davey Boy.

He also mentions shareholder value! What a very strange, very high earning man he is lol

Point-of-Care Genedrive® COV19-ID Kit received Coronavirus Test Device Approval ("CTDA")

They seem to have forgotten to mention ‘but we didn’t sell any’

Talk about scraping the barrel. I fully expect Budd to say ‘the dog ate my homework’ during the presentation.

Absolutely dreadful results. Dreadful at best!

The man at the top earned 6 x what they took in revenue lol These are disastrous results. The loss is bigger than what they have left in the bank. Just compare to the 2021 results. The only question is do we take the loss and get something or think what the hell may as well gamble on the last little bit we hold.

Financial Highlights (Think they mean Lowlights)

· Revenue for the year to 30 June 2022 of £0.05m (2021: £0.69m)
· Loss for the year of £4.7m (2021: loss of £0.7m)
· R&D spend of £3.9m (2021: £4.5m)
· Debt free and cash at bank of £4.6m (2021: £2.6m)

We did tell you they hadn’t sold anything but were told we were just bring I negative. Trust me, much longer of this sales record and GDR are gone. Why do businesses go bust? Because they don’t generate revenue. It’s very much on the cards.

Think he meant to say eating big meals Roger not making big deals. That lot couldn’t deal a hand of cards in a game of snap!

Trust me System it doesn’t cheer anyone up hearing you are deep under and if anyone takes any pleasure from it they should stop being so mean spirited. It’s good to have optimism but wish sometimes you would temper it with a mix of realism.

He added a £ sign by mistake. Now it looks more realistic. About 8p more and pretty much there.