And this folks, is probably the best balanced post for a while. Respect.
"Congratulations to any who got in yesterday. Clearly there was a leak from those in the know which explains the uptick then. But there have been so many false dawns it was easy to not believe in it. I admit I didn’t.
And if you got out at near the peak even better. That was an impressive trade.
We may get another run tomorrow, but for me the time to get in for the medium tern remains after the equity placing. And let’s face it, despite today’s news, they are still behind the 8 ball in negotiations over that.
I was certainly never going to chase the stock today. Plenty of time to get in."
"Heavy buying near end. Maybe a leak of a premium placing? James Cheek was brought in to increase the share price from around 12p."
I heard it was at a premium of 134,500,045,559.550% with institutions falling over themselves to invest. I must state though that it was just rumour. Might not be true at all....
"US open soon and 🚀🚀🚀"
"Not seen a wait until the Americans wake up type post for a long time 🤣"
After 26 years playing around with the Stockmarket these comments never fail to make me chuckle with human intellect. Its like they are talking like GDR is dual -listed and they forget that they can buy at ANY TIME from 8am UK time - or 3am Eastern standard time!! They don't wait until 230pm to buy - they don't need to. PMSL. Besides, GDR market cap is so small that no-one will know it in the USA....
"Summing up Genedrive's interim results, the company delivered solid revenue growth, narrowed its operating loss significantly, and achieved material operational progress for its lead assets MT-RNR1 and CYP2C19. "
Agreed stocksaint.
How a company trading for 11 years can say sales went from 20,000k to 200,000k and calling that SOLID is beyond me. A penny pusher on Brighton pier arcade probably generates more....
Stock,
"Crooty, Northern Rock used to offer mortgages like that before they went bust. You never know"
Its completely different though. If you get your house reposessed, then the bank has the house, if GDR goes bang then there is no assists of value left.
"My guess is they'll raise £5m, plus they still have an additional £1.5m from RF so that would keep them going for a decent amount of time and include enough for the FDA deal. Hopefully good news comes before they agree a raise, personally I think it will."
LOL - HOW THE HELL DO YOU RAISE 130% OF THE CURRENT MARKET CAP? What drugs have you been smoking Jimi?
It's like asking for a 130% remortgage on your house when your bank knows you are about to go bankrupt.
You couldn't make it up
"Crooty, RF was not the only option at 30p. They said in the RNS there were other options. My opinion is they probably didn't realise the negative effect the RF deal would have over time."
Rubbish...... Look at the RNS - its clearly detailed there. They LOOKED at other options . They did not HAVE other options. It clearly states in the RNS that they took the only option available at the time. Just to be clear, that was from the CEO of the company at the time.
"3.81m market cap.
I think when the results sink in the smart money will realise the market don’t reflect the products and potential and this could be a case when suitors looking to buy it on the cheap start mopping up cheap shares.
I could be wrong but averaging is smart at these levels especially as finance arrangements haven’t been stated and could already be in place with other means than dilution"
Jam,
Please explain how on earth they are going to raise without affecting dilution!!!!?!!!
GDR is on its knees and I'd be VERY surprised that they will be able to raise anything at all of significant value.
To me RF is the only option still. RF WAS the only option at 30p so its pretty much nailed on that RF is the ONLY option when the share price has tanked 90% to 3p since the start of the RF
"Strange that the US distributor wasn't announced like the European/ME ones were. My guess is Peel told them not to disclose it yet knowing that it would've sent the share price up."
LOL -just spat my tea out laughing !!!!
You guys have such wild imagination its actually scary
"Hi Jimi,
You are right !!
The following is taken from the RNS 31 Mar 2023 18:32
RNS Number : 0323V
''The Directors have assessed a number of financing options for the Company including an equity raise but believe that the Facility is the best option available to the Company at the present time in order to further fund the Company's progress while also taking consideration of the investor shareholder base. Further, the Directors believe that a combination of the possibility of positive future news flow around the Company's two main assays as well as the potential for reasonable levels of liquidity in the Company's ordinary shares make the Facility the most attractive form of financing for the Company at the current time. ''
The TROLL 'GROUP' are out in Force - LOL"
ROLMFAO, what other offers? It only said they only assessed options - never once mentioned that it had options. Like Roger said, the other "offers" must have been so bad that they choose the death spiral financing instead. Best option at the time, probably meant they didn't actually meet any of the criteria for funding.
There is a reason why RF is called last chance financing....!!!!!
"All looking good...JC getting things sorted ,expecting another good presentation...jumping the gun a bit i know....but I,m optimistic..!!..."
Looking good as in the chart and the CFO coming out saying that without significant funding GDR is no longer a going concern and with weekly sales of £1000? (A swimming pool vending machine takes more)
That type of looking good?
"Crooty...💤💤💤💤💤💤💤💤💤"
I'd be more inclined to say people will be lot more bored of your drivel than mine. You talk complete and utter rubbish and you know it. I'm half inclined to think that you are actually a clever professional person pretending to be "stupid"
"Expecting RNS at 7 in 45mins...?"
Regarding what? A 100p all-share take over perhaps? Or a $10billion partnership deal?
Weren't you saying this would be 40p by April just a few weeks ago?
System you really need to GROW UP with your constant drivel. You cannot possibly believe the utter nonsense you speak ? Surely, you HAVE to be on the wind up. No one can possibly be that naive. If not, then you literally are the reason the city has the label DUMB MONEY for certain "investors".
This board is full of complete and utter fantasists spouting utter shyte....