RE: BOD shake up3 Nov 2025 07:31
Hi Cwalsh,
I’m not sure how closely you’ve been following the recent updates. Last month, the Board of Directors (BOD) proposed raising approximately £3 million through the issuance of an additional 4–5 billion shares. This move would have significantly diluted existing shareholders’ value and holdings.
Several of us strongly opposed this proposal. Alongside our major shareholder, DN, we worked diligently to persuade all stakeholders to reject the resolutions — and we succeeded.
Currently, there is an offer of £1 million on the table from our major shareholder and supporter, David, which the BOD is now considering. We fully expect the offer to be accepted. It’s clear that the BOD has not managed GDR effectively in recent times, and this could be an opportunity to turn things around.
While I can’t guarantee that anyone will profit, I’m confident — around 98% sure — that all stakeholders stand to benefit. In fact, some investors have already realized gains of up to 300% since the resolutions were rejected. The share price fell as low as 0.24p, and look where it is now.
As with any investment, there are ups and downs, and even professionals sometimes get it wrong. For now, the best approach is to stay patient and await further updates from the company. Given that GDR/BOD only has sufficient funds until the end of the year, we expect a prompt decision and hope to see DN join the Board to help put GDR on a stronger footing.
Please note, this is not financial advice — always make your own informed decisions.