Member Info for Daveweld

Nissan

Most companies are economic with the truth,

Try a few multibillion co’s…

First republic bank lied about there balance sheet and went bust..

$40b to zero…

Glencore… !!

$70b mcap

Corporate bribery scandal..

Vale … !!

$60b mcap

Fined by sec for making false and misleading claims.. paid $7b in compensation

Have a look at their history..

Get over it and move on, it’s a cesspit of deception..

Do your best effort at research and make your choices…

I trust in DN and RE’s judgment, DN has given me renewed faith in Genedrive..

So when company became fully funded after placing and 39% of co was held by 3 investors (now valued at £8.4m) did you not consider a more rosy future was on the horizon? Then still you had the opportunity to buy at 0.9/0.95p before the latest gains… you make your own choices…. Can’t blame anyone or anything else…

For those lambasting the sp, maybe look at your investment policy, EVERYONE had the opportunity to buy at 1p and below, (went down to 0.2p)

SP is up 40% in the past month, that’s not a tiny amount, that’s serious gain.

This is before expected fda submission for CPY2C19 this month with a quite short review period to expected approval… get real folks, this is what we have waited years for… ….

RNS 5382Y

“FDA 510(k) submission for Genedrive® CYP2C19 currently anticipated around June 2026, pending completion of studies, with an expected 3-4 month review period”

Don’t think DN will be selling into the market for a quick buck nor other major shareholders, it’s got buy out written all over it in 2-3 years time

Executioner

We are at a completely different phase of development now compared to past situations.

Unlikely to go back to 0.25p, why ??

We now have major shareholders driving the company forward, buying up the dips….

Something we have never had in past…

If you choose to see a negative in everything that’s your right, however, and I believe finally we are on the cusp…. Of all the times to buy I believe now is the time.

Padrock

Correct me if I’m wrong….

DN owns 20% currently

200m shares out of 1b float

He is buying £1.5m in placing

150m shares so will own 350m shares

30% of enlarged float of 1.6B shares is 480m

So at 350m shares he is well below 30% by my calcs

Regards

Dave

Thank you NUG1 for single-handedly putting company on a far better financial footing,

All motions in favour from me, here’s looking forward not back…

Thanks jimi

My understanding was that DN has increased his position in accordance with the rns of 19th Jan extract below..

“ they are willing to subscribe for a proportion of the £3m utilising the Company's existing share authorities which would provide a near-term extension to its current cash runway, ”

Like many, I’m not happy regarding dilution after dilution, there have been so many and I have supported every one of them,

For me, I just keep adding and suck the mop, I held 3m at time of announcement on funding, now stand at 7.5m plus 6.5m allocated via retail offer,

I’ve not been made aware of any alternate plan so will vote yes, if it is a yes vote, I see potential to triple my money on 11m of my 14m shares, that’s why we invest I presume, to make money, the current sp offers that opportunity,

Re the bod performance, the stitch ups began with Budds arrogance then cheeks dilution hatchet job at 1.5p….

Riverfort, well omg what was that, however the end game can be played out if this funding passes, fda application takes us well above 0.4p imho, at that stage warrants being exercised adds up to £5.6m, enough cash until break even with hopefully nhs roll out along the way even maybe global sales, you can only dream, the alternative, nothing apparent as of yet….

Now if DN hits 25-30% then things get serious,

Does he have the desire or will, who knows, so unless we find out any different, it has to be a yes vote.

If you do have a plan DN, good luck, Gino deserves good business brains behind his product development team, great product development Gino let down by poor management.

In reply to Louise82

You are factually incorrect in your statement…

“No one will pay a penny for a company [before administration] who have a 600k a month cash burn and 1 month of cash left!”

29/08/25

Rns no 2575x

The latest announcement we have.

Announced that as of 11/08/25 £700k in bank and enough cash till mid October….

I presume mid October is 15th.

A simple calc would suggest cash burn from 11/08/25 to 15/10/25 is under £350k per month… not £600k per month. This is before any income.

One and half month cash left is not one month cash left..

You mislead…

Have mentioned previously that I like many others were waiting for funding to be sorted prior to adding to existing holding, as I'm sure many will be aware the normal aim script is fund raise, sp drop over next 2-3 weeks (sometimes because funders have hedged)
a few panic sell, others add, normally at some point in future sp surges upwards as good news arrives, funders would have been aware of this expected news hence their investment...
It's not rocket science, with nice in the bag, cash in bank and global distributors being set up, what's not to like,
I have no issue with sp drop, just adding opportunities for all that are so inclined.
Dave

The only reason I can see for db doing this type of funding is to cover the short term funding issue with minimal dilution, expecting sales to progress over the next few months sufficiently to support the company, surely if you buy into the company, products and future you would sit tight and wait for things to unfold, otherwise, you would have sold at the recent highs and moved on hence the only reason I can find for the recent negative posting is to be as disruptive as possible,
Remember the great pop eye, bought at 9p sold at 13p and called us all clueless fools for not taking the quick profit, well now a few weeks later we are at 25p with some moaning incessantly.....
Yes we went to 48p,
If you don't like where company is at you should have sold....
Don't go blaming db....
He doesn't control your sell button,
Try having a bit of belief in company for a change. Oh and a bit of patience....
Dave

Doesn't really matter if you bought in today at 30p or 34p, even if sp drops to 20's,
The one major obstacle of funding is now secure, with NICE recommendation confirmed I would presume sales will follow, as db advised previously this is a slow process and will build up a head of steam, the golden ticket is repeat assay orders which automatically come with device take up and with multiple global distributors coming on board we should develop a steady flow of new business, great time to be here after all the dark days and delighted for all the holders that stuck by genedrive, good luck all, enjoy the journey whichever station you get off at I would hope plenty more will be looking to get on board.
Dave

Think it’s a good deal all round and well done DB and Genedrive,
I’m sure many will add now with “going concern” dealt with, approvals in place, what’s not to like…
Hopefully we can all have a more relaxed journey going forward, onwards and upwards with less bumps in the road.
Dave

It's like changeover day at the holiday camp,
Some leaving happy with there time and new one arriving full of optimism looking forward to their stay,
Hope the sun shines...
I have stated previously that I thought raise was on way, if fact I expected it a few weeks or so ago so what do I know !!
as there have been multiple opportunities and none taken I can only presume bod have something lined up as/when nice guidance is received....
Private placement perhaps, have to be honest haven't got a clue anymore 2nd and third guessing myself....
What I do know is we are not at 9p anymore and that's a pretty good feeling, days like today don't seem to matter quite as much.
Dave

Expert trader,
Sorry to pull you up but
Audited financial results of 21st November 2022
Rns of same day contradict your statement....

"I dont think we'l see a raise anytime soon either and most know that now. They said IF there is a raise it will be late 2023 so i dont think we will have one yet if ever. And i think maybe never because firstly they will look for alternatives IF needs be and secondly we may have huge sales by then"

Russ Shaw, chief financial officer for Genedrive stated...

"Following the equity fund raise which completed in October 2021 the Company has a cash runway to the end of the June 2023 financial year. We are confident in gaining commercial traction and securing significant revenues, but due to the time required to achieve this, we will require additional funding in our 2023 financial year. As described in the accounting policies, we continue to adopt a going concern basis for the preparation of the accounts, but the above condition represents a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern.
Russ Shaw
Chief Financial Officer"

Appears some significant strength to sp rises over past 7 days, not seen this for a long time...
Have a lower holding than desired due to being stung so many times in past....
With news flow on new distributors plus Lloyds very useful correspondence of late and with significant news to come, alls looking positive.
Good luck everyone, hope this is our time

Some strange posts last few days,
Genedrive is not sinking like the titanic it is in fact on the cusp of great things with first to market diagnostic test,
Also is quite clear (as informed by company rns) fund raise required, question no one knows the answer to is when and at what sp,
We can all guess and discuss possibilities but to talk down company progress is absurd..
As long as we don't become distressed and forced to raise at a lower than desired sp that's fine and in the hands of the bod, one thing I am certain about is we will be able to raise regardless, this has not always been a dead cert previously, now it is....
One possibility and only my musings is fda submission is waiting on nice report end of March, if these come one after the other I'm pretty certain we could raise or partner for funding at higher sp, I presume many like myself are happy to add at higher sp once financials are sorted or of course at a lower sp if distressed raise....
We all have the choice when to press the buy/sell button, it's a personal choice and no one else's business but let's not talk down the company because of our personal choices,
Has been a great few months with a bright future on the horizon.
Dave