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Oh Dear,
Not you again Carlose666, I have sent You packing with Your Tail between Your legs, so many times, You would have thought You would have learnt Your lesson by Now. But sadly Not.
Ok, I will teach You the same lessons again - Now read my Post again, and this time read exactly what I have said, and Not what You want it to say - LOL
My post clearly shows how the money we had in the Bank as of March 14th 2023, together with the Funds we have and could receive along this Financial road through to 30th November 2024, would Finance Our GDR business, working on a cost rate of £400k per month.
Now read this following extract from my post - several times - Even You will get to understand what it is saying, given time ? LOL
''Should we receive £2,100,000 DEVOTE Funding then we are looking at £7,200,000, which takes Our Financial status forward 18 Months Funding from March 14th 2023 = 14th September 2024''
I am trying to help You here - (18 months at £400k per month costs = £7,200,000) And (18 months from 14th March 2023 takes us too - You got it yet - 14th September 2024) !! LOL
Now apply this knowledge to the rest of my post LOL
ie add in the £1 mil tax refund I have suggested and we would have the funds to run a further 2.5 months = 30th November 2024 !!
My post does Not say, ''as You have stated'' we will have £8.2 Mil in the Bank on the 30th November 2024.
My post is saying how we could finance our Business through to 30th November 2024, costing us £8.2 Mil !!
ie add in the £1 mil tax refund I have suggested, and we would have the funds to run a further 2.5 months = 30th November 2024 !! £7.2 Mil + £1 Mil = £8.2 Mil - paying Our costs
£8.2 Mil is the calculated cost to run our business at the rate of £400k per month from 14th March 2023 until 30th November 2024.
I also said in my Post:- ''I believe we will receive a further £2,400,000 Drawdown money (8 x £300,000) from RF – Should this be so - Then we are looking at Funding well into 2025'' !!
Todays RNS suggests that GDR are intent on getting the Full £5Mil from RF !!
Our Finances look to be coming together !!
Now toddle off chap, taking Your Tail with You, and read My Post again - it is quite simple to read if You try !! LOL
You are coming over as a Tad Silly !! LOL
LOL - That Proven Liar TROLL - 'Incognito the False' Posting his Lie again, same old Boring Lies he posts, time after time again and again - What a Clown !!.
This Troll even posted that he was just taking the 'Michael' when he posted the this same boring £15.89 Lie - Funny how Trolls do not Lie - Their Lies are not Lies - LOL - His Post reads as Him stating my so called £15.89 post is a Fact.
If I had posted maths that that showed Our SP would go to £15.89, then it would be in my Posting History, and easy for him to find and post, for All to see - However, he can't post this evidence, Because no such Post exists.
'Incognito the False' is a Proven Liar, and Once a Proven Liar, Always a Proven Liar - And No One Trusts a Proven Liar - QED.
Our Funding well into 2025 is looking Good - My post yesterday is coming together well !!!
As of 14th March 2023 we had £2 mil in cash + £2 Mil from RF in April + No less than £500k R&D Tax refund due end of this year 2023 = £4,500,000
Since April we have also received a further £600,000 from RF (And a further £336,000 is due from RF on exercise of their first two drawdowns of Warrants – Date unknown?)
So £4,500,000 + £600,000 (Drawdown money from RF) = £5,100,000
Should we receive £2,100,000 DEVOTE Funding then we are looking at £7,200,000, which takes Our Financial status forward 18 Months Funding from March 14th 2023 = 14th September 2024.
Note: - Although DEVOTE funding of £2,100,000 may not be paid to Our Genedrive in a cash lump sum - it would reduce Our monthly outgoing £400k costs, which I believe may be already reducing our CYP2C19 development costs by as much as £125,000 per month. This saving is effectively keeping cash in the bank!!
Then - If we conservatively add in a further £1,000,000 Tax Development Refund for the period Jan 2023 to end of June 2024 – Takes Our Finances to £8,200,000 = 30th November 2024.
I believe we will receive a further £2,400,000 Drawdown money (8 x £300,000) from RF – Should this be so - Then we are looking at Funding well into 2025 !!
Along this Financial road, we will be receiving revenue from AIHL and CYP2C19 sales - to add in !!!
From Our GDR - DEVOTE Funding - ‘’to further the ‘validation’ and ‘implementation’ of the new Genedrive® CYP2C19 ID Kit pharmacogenetic test in a time critical clinical setting’’ = ‘'Validation’ and ‘Implementation’'
AIMVHO !!!
Oh Dear - Calm down Slacker - You come across a Tad Stressed chap - LOL
''Why would Our SP go Up with a Sell'',..... Answer = When the sell is followed by a Buy = 100,000 shares sold at 10.25p, and Our SP went up to 10.50p, with the 42,000 share Buy that followed the 100,000 sell !!! LOL
BTW - Nissan did not say that our SP went up because of the 100,000 sell - he just pointed out that he is surprised Our SP didn't hit over 11p '''today''' - LOL
Maybe because:-
Vol. Sold 252,099
Sold Value £26.00k
Vol. Bought 981,385
Bought Value £96.43k
Hope this helps to Calm your Stress Chap !!
Good morning onlyprofit,
For your consideration:-
As of 14th March 2023 we had £2 mil in cash + £2 Mil from RF in April + No less than £500k R&D Tax refund due end of this year 2023 = £4,500,000
Since April we have also received a further £600,000 from RF (And a further £336,000 is due from RF on exercise of their first two drawdowns of Warrants – Date unknown?)
So £4,500,000 + £600,000 (Drawdown money from RF) = £5,100,000
Should we receive £2,100,000 DEVOTE Funding then we are looking at £7,200,000, which takes Our Financial status forward 18 Months Funding from March 14th 2023 = 14th September 2024.
Note: - Although DEVOTE funding of £2,100,000 may not be paid to Our Genedrive in a cash lump sum - it would reduce Our monthly outgoing £400k costs, which I believe may be already reducing our CYP2C19 development costs by as much as £125,000 per month. This saving is effectively keeping cash in the bank!!
Then - If we conservatively add in a further £1,000,000 Tax Development Refund for the period Jan 2023 to end of June 2024 – Takes Our Finances to £8,200,000 = 30th November 2024.
I believe we will receive a further £2,400,000 Drawdown money (8 x £300,000) from RF – Should this be so - Then we are looking at Funding well into 2025 !!
Along this Financial road, we will be receiving revenue from AIHL and CYP2C19 sales - to add in !!!
From Our GDR - DEVOTE Funding - ‘’to further the ‘validation’ and ‘implementation’ of the new Genedrive® CYP2C19 ID Kit pharmacogenetic test in a time critical clinical setting’’ = ‘'Validation’ and ‘Implementation’'
AIMVHO !!!
That Slacker fellow keeps referring to our UKCA Approval as a UKSA Sticker - He obviously knows nothing about Our GDR and Our Approvals LOL !!!!
UKSA - United Kingdom Sailing Academy - Cowes, Isle of Wight
About time he took his UKSA Sticker and Sail Away - He does come over as a TAD Desperate !!!! LOL
We can Now sell our CYP2C19 in the UK (England; Scotland and Wales) !!!
The UKCA marking must be used for placing goods on the market in Great Britain from 1 January 2023. The UKCA marking can be used now and we encourage businesses to start using the UKCA marking as soon as possible.
Great find JLC, - Agreed stephen11 - Looking Good !!
As of 14th March 2023 we had £2 mil in cash + £2 Mil from RF in April + No less than £500k R&D Tax refund due end of this year.=. £4,500,000
Since April we have also received a further £600,000 from RF (And a further £336,000 due from RF on exercise of their first two drawdowns of Warrants – Date unknown?)
So £4,500,000 + £600,000 (Drawdown money from RF) = £5,100,000
Add in £2,100,000 DEVOTE Funding then we are looking at £7,200,000 = 18 Months Funding from March 14th 2023 = 14th September 2024.
DEVOTE Funding - ‘’to further the ‘validation’ and ‘implementation’ of the new Genedrive® CYP2C19 ID Kit pharmacogenetic test in a time critical clinical setting’’ - ‘'Validation’ and ‘Implementation’'
Should we receive a further £2,400,000 Drawdown money (8 x £300,000) from RF - Then we are looking at Funding until March 14th 2025 !!
Then - If we conservatively add in a further £1,000,000 Tax Development Refund for the period Jan 2023 to end of June 2024.
Rushing to go out for the evening, and I know there is Funding notes I have not listed !!! LOL
@Dodgy Rog,
Reference:- ''This is scary. It’s like living in a parallel universe.
From the half year report RNS - Cash of £2.0m on 14 March 2023 following recent receipt of R&D tax credit of £0.96m
So with the £2m from RF and a further £600k via 2 drawdowns that’s it.''
Well done on understanding the first Part of the Half Year report, which is the £2,000,000 cash as of the 14th March, Then plus the £2,000,000 from RF, plus the further £600,000 - drawdowns from RF = £4,600,000 !!
However, You are wrong again - This time with Your ''that's it''
Now I am Happy to guide You through this, one small step at a time - as I recognise You are not Sufficiently Competent to understand too much information in one go ?!!
So Step 1 of Your Learning process - If you drill down through the Half Year Report to Item 6 - You will see the following report:-
6. Current tax asset
The current tax asset relates to tax owing under the R&D tax credit scheme of £1,456k (2021: £1,666k). A payment of £956k was received in March 2023. The remaining £500k is an estimate of the tax credit for the interim period to December 2022 and this £500k will be received following submission of the tax returns for the 12 months to June 2023, with receipt expected to be before 31 December 2023.
Hopefully You will understand that the Tax refund of ''£956k received in March 2023'', is part of the Total Tax refund credit of £1,456k - which means a further £500,000 Tax credit is expected receipt before the end of this current year December 31st 2023. !!
OK, so now add this £500,000 to the above Total and we arrive at a cash sum of £5,100,000 (You should recognise this cash amount in the Maths Post I posted earlier today!!
Now once You recognise You missed this £500,000 credit, let me know, and I will take You through the next step of Your learning !!
This will take some time to complete, however, I believe the benefits of Your leaning is well worth the time?!!
Hi JLC,
Agreed, - Genedrive have clearly stated that the Company.s cash resources will be directed towards our AIHL and CYP2C19 Tests - Genedrive does not say any of the cash will be spent on any ''other'' future Development Tests :-
From the RNS Number : 0323V
Genedrive PLC
31 March 2023
The Facility and the Company's existing cash resources will be directed towards the commercialisation of the Company's Antibiotic Induced Hearing Loss test, Genedrive® MT-RNR1 ID Kit ("AIHL test") and enhancing the Genedrive® platform through the validation and verification of the Company's CYP2C19 test, Genedrive® CYP2C19 ID Kit ("CYP2C19 test") as well as providing additional working capital.
The Non-Shareholder - Dodgey Rog is obviously the person who does not understand ''simple statements'' - No surprise here LOL !!!
No counter financial calculations from the Non-Shareholding Team of Trolls - Just Dodgey assumptions - LOL - I really believe they are ''Completely Un-educated and Clueless'' !!! IMVHO
Maths for GDR Financial Position, As I see it:-
As of 14th March 2023 we had £2 mil in cash + £2 Mil from RF in April + No less than £500k R&D Tax refund due end of this year.=. £4,500,000
Since April we have also received a further £600,000 from RF (And a further £336,000 due from RF on exercise of their first two drawdowns of Warrants – Date unknown?)
So £4,500,000 + £600,000 (Drawdown money from RF) = £5,100,000 - This alone takes us to September 2024 at Monthly Expenditure of £275,000 - see DEVOTE Funding adjustment below:
Should we receive a further £2,400,000 Drawdown money (8 x £300,000) from RF -
Then £5,100,000 + £2,400,000 = £7,500,000
If we conservatively add in a further £1,000,000 Tax Development Refund for the period Jan 2023 to end of June 2024.
Then our Total cash increases from £7,500,000 to £8,500,000
Then we have Funding from DEVOTE – ‘’to further the ‘validation’ and ‘implementation’ of the new Genedrive® CYP2C19 ID Kit pharmacogenetic test in a time critical clinical setting’’.– saving us our current CYP2C19 Development spend of £125,000 per month – and reducing our cash runaway from £400k to £275k per month !!.
£8,500,000 divided by £275,000 = 31 Months, which takes us from 14th March 2023 to Mid - October 2025.
Then it depends upon Sales Revenue from the UK and Europe; also further Funding from DEVOTE, and
Any Other Funding we receive over this time period.
All going well - Finances Look OK to me !!!
Hi stephen11,
Agreed, I also had my suspicions from the start of 'saintstock' posts, just wanted further evidence before I posted IMVHO.
Not only did I expect 'saintstock' to build on his not so subtle negative posts towards GDR, but I also expected 'saintstock' to start posting on the Lon: Bur BB, which he/she has done.
'saintstock' appeared on our GDR BB on the same/next day that 'starresnstoff' was banned by the LSE, and 'saintstock' immediately posted in the same negative manner towards GDR, as 'starresnstoff' had - one for LSE to look into?
If anyone is still unsure as to whether 'saintstock' is actually the LSE Banned 'starresnstoff' - reincarnated, - then click on 'saintstock' posting name and check out his posts - you will see that 'saintstock' is now posting, on the Burford Capital BB (Lon: Bur) too.
Burford Capital is the company that 'starresnstoff' stated he had invested 'All In', when he totally sold 'All out' from GDR - QED?
'starresnstoff' stated that he is Bitter towards GDR, because he only made a 6% profit from his total investment in GDR.
The LSE Banned 'starresnstoff', and closed All of 'starresnstoff' posts - This is not an action that the LSE take lightly.
Nice to see a 100,000 share Buy at the close - Shame our SP did not close up - hopefully tomorrow !!
Recent Share Trades for Genedrive (GDR)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
21-Aug-23 17:06:52 12.00 4,500 Unknown* 11.50 12.50 540.00 O
21-Aug-23 16:30:03 12.00 100,000 Unknown* 11.50 12.50 12.00k O
21-Aug-23 14:57:24 11.65 168 Sell* 11.50 12.50 19.57 O
21-Aug-23 14:47:25 12.29 3,972 Buy* 11.50 12.50 488.16 O
21-Aug-23 14:42:26 12.26 56,990 Buy* 11.50 12.50 6,987