Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Jimi,
RF paid our Genedrive £168,000 for the 682,730 warrants they received from the £300,000 drawdown.
It seems to me RF are selling just the right amount of their shares to keep the SP as low as they can around the 17p level, but hold off from selling at a level that would take and keep the SP below 16p - they want to buy future warrants from future drawdowns - which means they need the SP to stay above 16p, in order that our Genedrive can drawdown further £300,000 monthly amounts.
I believe RF want the warrants, because they see our SP rising nicely, and RF will do very well from these warrants?!!
Well this is how I see it anyway!!!
The above is all -- IMHO
From the RNS:-
''Investors have been granted 682,730 warrants equal to 40% of this drawdown divided by the Reference Price of 17.57648 pence. The exercise price of the warrants payable to the Company will be 140% of the Reference Price equating to 24.6071 pence.''
So how does this work out:-
40% of this drawdown = 40% of £300,000 = 120,000, and 120,000 divided by the reference price of 17.57648 pence = 682,730 warrants
The exercise price of these 682,730 warrants is 140% of the reference price of 17.57648p = 140% x 17.57648 = 24.6071p payable to the company.
Therefore 682,730 warrants x 24.6071p = £168,000
Hi Jimi,
RF had sold 3,550,000 of their 6,500,000 shares by the 14th June 2023 - leaving them with 2,960,000 shares by the COB on the 14th June.
If MyIPA thoughts are correct, and RF started to sell their shares on the 30th May, then this means they sold 3,550,000 shares over a period of 12 Trading days = an average daily sell of 295,833.
I reckon I have seen a collection of 100,000; 70,000; 50,000 and 25,000 share sells between the 15th June and today, the 22nd June, amounting to around 460,000 shares sold, that could be further RF shares being sold?
If this is the case then RF could be left with just 2,500,000 shares today - and even if we said they sell these shares at an average of 125,000 shares per day - they would be sold out within 20 Trading days - i.e. by the 20th July 2023.
If we were to hear some Good news, such as the amount of DEVOTE funding before the 20th July, then RF may well sell out before the 20th the July !!
And I agree the market barely noticed Riverfort selling their shares over the period 30th May - 22nd June.
Our SP was at 17.25p on the 30th May 2023, and today we are at 17.05p.
The above are my thoughts, and is all-- IMHO
Hi onlyprofit,
I agree with you, lets get back to GDR:-
Much to look forward to:-
. Devote funding
. FDA Update
. Full validation of the stroke test
. Continued rollout of AHIL in the UK, then Europe, and the rest of the World.
. Notification of increased AIHL Test Sales.
. Continued working with the NHS.
. Notification of further new Products.
. Good Financial Position.
. Our SP rising.
All the above is IMHO !!
Click on your Posting name carlose666, and check your own posting history - you will see that every post you have posted for at least the last 2 pages of your posts (I did not go back any further than the last 2 pages) - Every post is an attack on one poster or another - Every Post chap - This is an Anger issue chap - the first step to sorting this is to recognise it - I hope this helps you !!! TC CHAP
Seriously carlose666 - I am trying to help you with your Anger issue - it is Sad for me and others to see you post nothing but your Anger towards posters.
Seriously try working on this recommendation - I really do hope it works for you:-
Good News for Genedrive is Good News for GDR SP and in turn is Good for Investors - why not try and understand how this works for starters Chap !! - LOL TC
LOL - carlose666 - try and enjoy your evening - Life is Good Chap - You just need to work out how to enjoy Life - You certainly have not figured it out yet though !!!! LOL
Oh and by the way, Good News for Genedrive is Good News for GDR SP and in turn is Good for Investors - why not try and understand how this works for starters Chap !! - LOL TC
Big Proven Liar that 'Guy' ''Incognito the False''- who has often Posted that 'I Guaranteed 50,000 sells per day of our PCR Test' - This a Blatant Lie - I never posted 'I Guaranteed 50,000 sells per day of our PCR Test'
Also this Proven Liar often posted 'I said our SP will rise to £15.89' - This is also a Blatant Lie - I have never posted our SP will rise to anywhere near £15.89.
And if that 'Guy' 'Incognito the False' is pointing his final sentence at me, which I am sure he is not, because that would be another Blatant Lie.
i posted that 'It is my understanding' and as previously pointed out ' my understanding' is 'my understanding' and does not say 'it is being used by Adults' - another deliberate twisted lie from 'Incognito the False'
Incognito the False is a Proven Liar - once a Liar always a Liar.
Funny how in particular - carlose666 and Incognito the False, post their lies when posters post Good News - why would they be so Angered by a list of Good News to Look forward too? !! Hmmm - Answers on a Postcard LOL
I guess in life, we have to put up with the irritating itch some people bring - LOL
Correction:-
I meant to post:- . Continued rollout of AHIL in the UK, then Europe, and the rest of the World - Thought I should clarify, and correct - because we do get Idiots on here, that get upset with any Good News Posted, especially when there is a list of Good News to come - Now why would this be - I wonder??. LOL
Hi Winnimandala,
Yep Agreed - Patience is a Virtue, and it is this Virtue that we need to recognise, without getting Angry or Upset - It is a Good Quality in a Person.
Warren Buffet is a Wise Investor.
Much to look forward to:-
. Devote funding
. FDA Update
. Full validation of the stroke test
. Continued rollout of AHIL in the UK, Europe, and the rest of the World.
. Notification of increased AIHL Test Sales.
. Continued working with the NHS.
. Notification of further new Products.
. Good Financial Position.
. Our SP rising.
Please Note Bankruptstock (nee Pennystock?) is NOT a GDR Shareholder - click on his Posting name and read his posts - since opening this account on the 14th February 2023???
@ Bankruptstock (nee Pennystock?)
I hope you are right with your £1.50 SP prediction based on our Great news about being on the DEVOTE programme!!
However, I am not so optimistic as your £1.50 prediction!!! LOL
However, I am looking forward to seeing our SP rise on notice of how much Funding we will receive !!!
We understand that RF have sold in excess of 3,500,000 shares in the past 13 Trading days, leaving them with less than 3 Million shares.
If their mission is to sell all their holding, then lets see it gone, and done with !!