RE: In bed with the Gov, newsflow rich. Target: 10 to 30p.12 May 2025 08:24
The NHS is skint and loads of job cuts and buying new products is bottom of the list of priorities as they have to get rid of loads of staff by 1st October.
RE: FDA application on CYP2C19 CE verification expected. Then2 May 2025 15:54
Another delay another hammer blow for shareholders enjoy the bank holiday because genedrive staff will do as they getting paid a shed load for being totally useless.
Genedrive also has great products but is sitting at penny and a half. You have to take into account cash burn and product distribution costs and size of contracts not just what you think it’s worth.
With so many products at early stage of distribution this share is a no brainer for long term investors. Day traders will panic but for LTH just top up and relax as this will be ÂŁ1.50 in 24 months.
Surely any sensible board would now be looking at taking pay cuts to slow down the cash burn as the money is being burnt at all time highs. Also they just can’t justify salaries over £100k in the current climate.
They didn’t really raise much about one months cash flow at best. A jacket potato stall in A market hall is worth more. Total shambles and shareholders have been left up a creek without a paddle.