Member Info for bigAl67

Hi Dave77,

Yes it would be Great to read the return of Positive Posts from the 'Old Guard' !
Lets believe You and many others will have the opportunity to return soon !!
I have Great memories of the Good times, and believe they will return !!!

Hi stephen11,

Yes the blessing of hindsight !
Investing in GDR looked so Good when BC came on board, but the lack of Full FDA Approval has proved significant, so far.
Hopefully, our opportunity through FDA/BC is not totally lost ?
For now, looking forward to our AIHL and POC Covid full launch !!

Only the Very Best High Grade Fuel for our GDR Rocket !!!

Hi Stephen11,

I am still here, my friend, calmly and patiently waiting for our next charge upwards.
I am still reading every ‘Non Green Goblin’ post, with interest.
As previously posted my wife and I bought more GDR Shares in the ‘Open Offer’ (a further 50,000 shares), and again as posted bought a further 10,000 shares at 21.95p, in the open market.
We have not sold any shares in GDR since our first purchase at 182p in May 2020
Not posted so much of late out of respect for the heavy losses many True GDR Shareholders are facing, including ourselves.
We are also hoping for an RNS within the next 7 trading days, based on weeks turning into a month on Tuesday 7th December, since our DB said ‘imminently’, and later defined as ‘days or weeks, not months’
I still have the GDR Rocket that ‘One Knows’ originally designed, and posted here.
The Rocket is well maintained ready to launch at the next GDR opportunity !!!
Still fishing every week but mainly Sea and River fishing, not so much Lake fishing !!
Our Rocket is to the Ready, I may have slightly modified it !!!!
........|
......./.\
..... /__\
.....|===|
.....|..G..|
.....|..D..|
.....|..R..|
.....|..S.|
.....|..P..|
.....|..A..|
.....|..C..|
.....|..E..|
.....|..X..|
..../|#||#|\
.../.|#||#|.\
../..|#||#|..\
..|../^||^\..|
..|./.^||^.\.|
..|/..^||^..\|
.....(VVV)
......(VV)
.......(V)
........*l*
.......( * )
...( % : % )
.( %%:%%)
( % % % % )
(%%%.%%)
%#%#%#%

16 November 2021

musicMagpie plc

("musicMagpie", or "the Group")

APPOINTMENT OF CHIEF FINANCIAL OFFICER



The Board of musicMagpie, a leading re-commerce business in the UK and US specialising in refurbished consumer technology, is pleased to announce the appointment of Matthew Fowler as Executive Director and Chief Financial Officer ("CFO"). Matthew's start date at musicMagpie will be confirmed in due course and he shall join the Board upon appointment. This appointment follows Ian Storey's promotion to Group Chief Operating Officer at the time of the IPO.



Matthew joins musicMagpie from genedrive plc, an AIM-quoted molecular diagnostics company, where he has been CFO since 2016. Prior to joining genedrive, Matthew spent eight years as Group Financial Controller of Scapa Group plc, an AIM-quoted multinational manufacturing business. He previously spent three years at British Nuclear Group as Finance Manager, having trained and qualified in the audit department of Deloitte & Touche.



Martin Hellawell, Chairman of musicMagpie, said: "On behalf of the Board, I am delighted to be welcoming Matthew to musicMagpie. His experience of working in senior positions for AIM-quoted companies and his considerable financial and operational expertise will be hugely beneficial to musicMagpie as it continues its journey as a public company."

Matthew Fowler, incoming CFO, said: "I am extremely excited to be joining a business of musicMagpie's calibre and ambition. Given its unique circular economy model and consumer and societal trends, it is clear to me that the Group has significant growth potential. The Group's impressive ESG credentials were also a major factor in my decision to join. I am looking forward to working with Steve, Ian and the rest of the team to realise the Group's strategic plans for the future."

Additional Information

In accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies, Matthew John Fowler (aged 47) holds or has held in the past five years the following directorships and partnerships:

I never left One Knows !

Hi Starres - Agreed,

I understood that substantial Shareholders = >3% should have informed Genedrive within 3 days of their holdings dropping below 3% - this did not happen, or GDR did not publish it ?
This the reply I received from Anna Dunphy, when I pointed out that the published Holdings Must be incorrect:-

''Yes, these are the holdings and percentages quoted prior to the fund raise.

It is the individual holders responsibility to tell the Company about their holding and not the Company’s.

The Company has a block review due at the end of November and they will push the shareholders - maybe add some narrative if they don’t reply.

Regards,
Anna

Identity and percentage holding of significant shareholders has just changed and GHIF and Spreadex are not listed anymore.
They were listed earlier this morning,

Substantial holdings Shares held %
Calculus Capital 3,260,869 3.55%*

Hi Starres,

Thanks for your reply.
It will be interesting to know whether GDR are considering the development and inclusion of a 192 well plate for our SARS-COV-2 KIT, to run along side our 96 well plate ?
It would also be interesting to know whether PHE are considering overhauling the labs for a automated set up with 96 well plates ?, and if they are, then when ?
Questions for GDR, I guess ?

Hi Toma,

I may have missed something along the way, but I thought we still have an agreement with PHE which enables them to call off orders of our CE 'listed products' in the future, and this list includes our covid test 96 SARS-CoV-2 Kit.
Has our 96 SARS-CoV-2 Kit been dropped from the PHE list ?

The following is an extract from our RNS dated 19th April 2021, ref the PHE National Framework Agreement:-
Genedrive successful in PHE National Framework Agreement for Diagnostics Goods and Services:-

genedrive plc (AIM: GDR), the near patient molecular diagnostics company, announces it has been successful with its tender into Public Health England ("PHE") under Lot 1 of the National Microbiology Framework (Diagnostic Goods and Services).

The PHE tender was opened in November 2020 and sought to appoint suppliers to a multi-lot national microbiology framework agreement relating to the supply of Diagnostics Goods and Services and covering Clinical Laboratory Diagnostic Testing Services.

The award of a framework contract is not exclusive to the Company, nor a guarantee of orders, however it does allow participating authorities to issue call-off orders for products in the future. All of genedrive's currently available and CE marked products fall within the framework agreement: Genedrive® 96 SARS-CoV-2 Kit, Genedrive® HCV ID Kit, Genedrive® MT-RNR1 ID Kit

David Budd, CEO of genedrive plc, said: "We are very pleased to have received notice of this contract award decision and look forward to the opportunity to engage with PHE and relevant authorities on future potential contracts. This is an early notification of the decision and we will update shareholders when we have more information on what this contract may mean for orders and revenues".

Hi Starres,

I believe both Spreadex and GHIF must have bought some shares in the fund raise, because otherwise their published holdings prior to the fund raise would now take their holdings below 3%.
If they did not take up any Shares in the Fund Raise, then GHIF's published holding of 2,700,000 shares would now represent 2.9421% of the 91,770,900 shares in issue = <3%.
In the case of Spreadex Ltd their published holding of 2,123,478 would now represent 2.3138% of the 91,770,900 shares in issue = also <3%.
If an investors share holding falls below 3% or increases above 3%, then they have to notify the company (GDR) within 3 days of the occurrence. GDR would then release an RNS.
Neither GHIF or Spreadex have notified Genedrive that their holdings have now fallen below 3%, so they must have bought some shares to stay above the 3%.
3% of 91,770,900 = 2,753,127 shares.
Therefore GHIF must have bought a minimum of 53,127 shares, and Spreadex must have bought a minimum of 629,649 shares.

We have today received a reply from Anna Dunphy ref :-
Published holdings on the Genedrive plc website:-

Substantial holdings Shares held %
Calculus Capital 3,556,782 5.62%*
Global Health Investment Fund I, LLC 2,700,000 4.27%*
Spreadex Ltd 2,123,478 3.77%* **

Anna's reply:-

'Yes, these are the holdings and percentages quoted prior to the fund raise.

It is the individual holders responsibility to tell the Company about their holding and not the Company’s.

The Company has a block review due at the end of November and they will push the shareholders - maybe add some narrative if they don’t reply.

Regards,

Anna'

We have not received an answer to the email we sent to Anna reference whether the CTDA regulations will have an affect on the sell of any of our Covid products in the UK, including the proposed launch of our Covid POC. Anna has said she will look into this and reply.
Anna's email is now on auto reply stating 'I am currently unavailable for personal reasons, and will pick up emails intermittently.'

We have sent an email to Anna about the CTDA regulations:-
Anna has replied:-
Apologies, I didn’t reply to your first message. Let me come back to you later on this.

Anna

Our email today:-
Hi Anna,



"as of 1 November 2021, the UK Health Security Agency's Medical Devices (Coronavirus Test Device Approvals) (Amendment) Regulations 2021 ("CTDA regulations") have come into force"
and
"the UK Health Security Agency has published a temporary protocol which lists 48 tests (both PCR and antigen based) which passed the Public Health England validation process at Porton Down earlier in the year that can remain available for sale in the UK whilst their validation is completed until a cut-off date of 28 February 2022'..

Can you please confirm whether Genedrive Covid Tests are amongst the 48 listed tests ?

If our Covid Tests are not on the list of 48 Tests, then what does Genedrive need to do to get on the list ?


Also how will this Amendment affect the launch of our POC Test in the UK ?

Kind Regards,

Published holdings on the Genedrive plc website:-

Substantial holdings Shares held %
Calculus Capital 3,556,782 5.62%*
Global Health Investment Fund I, LLC 2,700,000 4.27%*
Spreadex Ltd 2,123,478 3.77%* **

We sent the following email to Anna Dunphy last Friday (29th Oct), and we are currently waiting her reply:-

Hi Anna,

We are confused by the published Substantial Shareholders holdings published in the Genedrive plc website.

We think that these are the Share holdings they held prior to the recent 'Placing' and 'Open Offer'
, and that they do not necessarily have to declare their holdings unless they drop below 3% ?

However, if they did not take up any Shares in the Open Offer, and we know there was a low uptake, approx 24.6% of the 18,091,442 shares on offer, then GHIF's published holding of 2,700,000 shares stated below would now represent 2.9421% of the 91,770,900 shares in issue = <3%.

In the case of Spreadex Ltd their published holding of 2,123,478 would now represent 2.3138% of the 91,770,900 shares in issue = also <3%.

Either their published share holdings and/or their % holdings of the 91,770,900 shares in issue Must be incorrect ?

Is Genedrive PLC taking any action to correct these published holdings ?

We would of thought that where there has been the issue of new shares, increasing the total shares in issue, substantial shareholders would be obliged to declare their shares held, in order to correct the below publication ? This is particularly the case for GHIF and Spreadex holdings ?

Kind Regards,

We = 'My Wife and I' !!

We took up the Majority of our OO Shares today.
The only reason we did not take up all of our Open Offer Shares is because we did not want to pay any of our Tax paid cash into our taxable SIPP, decided this confuses matters slightly.
We are with Interactive Investor, and they close applications at 11:59pm today.
We decided we wanted our money to go to GDR, to develop our Products further, rather than go to the Open Market, and we believe in GDR's future !! This is Our Decision, and in part, our Conclusion !!

We wish All GDR Investors the Very Best in which ever decision you make !!

Hi Blox,

Thank you for your post, and no offence taken.
Firstly, I am not trying to urge any GDR Investor to buy into the Open Offer.
Since the Placing/Open Offer was announced, I have posted just 9 Posts, and this Post is my 10th Post. Of these 10 posts, and by and large my posts have been in response to Posters on this subject. I have not started the thread of any of my posts, and have simply replied with my strategy and my reasons why, just as I am replying to you now.
Mcmanus on the other hand has posted in excess of 100 Posts over this same period.
Mcmanus slaughters, anyone who dares to Post anything positive about GDR, using terrible name calling, and has even told Posters to stop posting there, as he puts it - 'deluded posts' .
I understand the dilution you mention, and believe we are where we are, and I believe the OO will go through.
Therefore I intend to watch our SP over the next few days, with the view of taking up my/our full OO allowance, and average down.
I wish every GDR Shareholder the very best, in what ever decision they make.

@mcmanus,

Your reasons for being so obsessed with Hate for GDR, are your reasons. I hope venting Your anger on our BB, helps You !!!

My reasons for investing in GDR are well documented, and as I have already posted here ' I shall be waiting to see how our SP fairs over the next week or so, with the view to taking up my full Open Offer allowance', and average down !!
Now try and Calm down, and enjoy the rest of Your day !!! LOL

@mcmanus,

Make your mind up chap, there's a good lad !!
If it helps for YOU to hide behind Sarcasm, as an excuse for posting ridiculous conflicting Posts, then I am pleased for you !!! LOL.

@mcmanus,

You have lost it chap !!
We are being offered the Open Offer at the same 40% discount as the Placing was offered, and you are saying ' of course it look (I assume took) less than 4hours because Budd gave them a 40% discount. In other words you are saying they snapped it up in <4 hours because it is such a 'BARGAIN PRICE' !!! Which also means that our Open Offer at 40% discount MUST BE a BARGAIN TOO !!! LOL.
You come over so Built up in Hate for GDR, you do not think about what you are posting as long as it comes over as Negative - Oh Dear, You really do need some CBT chap !!!