Member Info for bighammer

In reply Guy, i spoke to my son regarding this giving him all the negatives as well as the positives and he decided to dip his toe in with a couple of hundred thousand shares, BUT with the caveat of no news by the end of July then he would sell and take any losses on the chin, but going the other way sell half when/if he doubled his money and let them ride, he got in at 1.46 so losses could be quire small but profits quite big, you place your money and take the chance.

In fairness no cautious investor would have even heard of GDR as they would not touch AIM market with a barge pole . .We have 2 world leading life saving/changing tests that according to the BOD could well be at break even re cash burn in 12-18 months time . As we all know the MASSIVE elephant in the room is our current cash position which imo could last until August/September . If we get the thumbs up as regarding NHS implementation then that could either give us a stream of income or more than likely a future stream of income which would help any fundraising required. Ifs and buts yes but not dead in the water that some here predict.

No exact dates can be given as this is price sensitive but if soon is the next few weeks then happy days.

Even if some of this was made available to all hospitals to purchase machines and tests would be good, but so waiting for sales contracts outside of the UK to land that would show the sales team have really been doing their job .

And some call this BOD inept with money lol.

My memory is quite good regarding GDR but even i cant remember the last time we had ablue day on a friday, here s hoping we get some more positive news soon.

UK data can and will be used for FDA application, with CE approval this will also help as the test is low level then it wont need to go through the stringent tests normally required. cant see any reason why application 2025 and approval next year but personally short term i would like to see sales contracts signed and sealed ideally outside the UK then we may well see some rocket fuel ignited but sales are a must.

If we can get orders coming through this month then this will make a big difference as has been said here this week the risk averce are waiting for contracts signed . The rewards may be smaller possibly but the risk is eliminated .

So i take it that you both think or imply every country will want to carry out 2 years of tests before they agree to buy and nothing to do with not having a CE mark??????

Got some at 1.44 , happy with that, off to work have a good day all.

Gutted in a way as i have made funds available for a top up today, just have to see what quote i get first thing, anything under 1.5 would be good, orders in the next few weeks hopefully, DO NOT BUY until i have mine lol.

This is great news but as we have seen in the past sales is the main driver of the sp, so now we will see what the sales team have been up to over the last 12 months or so, well done to those that have held strong.

Why would you even consider advertising this job if you werent confident of having pre sales/ contracts ready to go AND were confident of getting CE approval , you would be mad. Might even apply myself, i know how the company works and training on the test would be fairly easy, plus being a chippy i have my own screwdrivers and hammer so i could fix the machines if they failed . would nt mind flying round the world in business class stopping at 5 star hotels on expenses and on £150k lol.

No the company itself, as you have only been around 5 minutes it is very obvious you only read what you want to read , possibly a bit more research to bring you up to speed.

FDA approval would be great, but as that is not expected until next year ish only equates to about 30% of world wide sales whereas a CE accreditation would open sales up to most of Europe and other parts of the world which would put 50% of sales and that is due in the next few weeks hopefully , so yes FDA will become important but CE is the target for short term sales.

Jimi, i was being conservative so as not to get abuse, lol as if i care. The beauty is we really have no idea what its potential is whith the IP we have on producing tests. Use your calcs from earlier just on what Jimi said and you see the potential.

Rud , the estimated world wide sales was given out by the company a while ago at about £200m per annum of the 2 tests, now that may take many years to get to but not a bad benchmark to work off.

The more diggingi do the clearer it becomes re CE approval. As the machine is quite unique more research and results are required which could account for the delay , we know it works accurately or we would not have got a green light from NICE , and without it we cant sell a machine so cant sell tests. I am hoping that the sales team which seems big have been forward selling and accumulating orders in preperation of approval, hopefully find out in the next few weeks, fingers crossed and even more patience required.

Good honest post Tony, all the best for your new investments . I still think this has a long story to be told yet.

As much i would love to get FDA approval this year i would be more than happy for aplication within 6 months, orders hopefully will come with CE mark and that is what i am hoping our large sales team have been working on pre orders. As long as we can carry on keeping the lights on for the next 12-18 months then i cant see much to be concerned about , fingers crossed.