Member Info for EthioEthio

Samolly2 - i doubt BB would sell GDR close to the business end.
BB did not sell when it went up to £3 or when we GDR was in 180s.

People like The Punter1 drove him away.

ThePunter1
"Test buy for £5k came back as normal. Stop with this utter nonsense."

You're a day late - look at the buys coming in now and tick up

Can anyone with L2 tell us how much volume they have out there?

Where is Big Bench when you need him :(

They're desperate for your shares.
Can't buy a bean

I'm lowering it down all the way :)

Can't buy 150 shares.
MMs clearly on collection

honestly - see if you guy can get a quote to buy.

MMs selling to their mates

Again

What does it tell us

£8.77 per share ????

Are they joking? How have they derived at that figure?

If we get £8.77 per share, am done working :)

Bring it on!

Technick
It maybe the Genedrive isn't the one filing for the approvals in India as the DIVOC website states

"DIVOC has applied for regulatory clearance in India."

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That would have to be the case. Yesterday, i asked why GDR did not apply for India separately. Some peeps suggested here that once we get FDA we will automatically get India in days. What you said makes perfect sense.

Safy -so we have an application submitted with India , separate to FDA. If so, news can drop any minute.

Madhav3243

so its coming then

I think the approvals have held us back.

GDR has a contract with the US military. We have a quality test kit. It will come good soon!

Gates's foundation has converted bonds to shares here. Not a lot of companies are backed by Gates.

This is a solid company and will come good in the end. I knew on Friday that MMs did not have a lot of shares. Rather than taking SP up, they've chosen to collect shares by taking it down. Imv we're at collection stage and MMs are taking cheap shares. It should not have taken this long but we just have to wait. RNS could land anytime. FDA approval would be HUGE.

Safy - ST

Both of you make great contribution on this BB.
Its best you drop the insults and move on. cheers

Safy - ST

Come on guys - you're both invested here. This is now getting a bit Childish and not positive to the shares you hold.

Some really good contributes, including some with industry knowledge are no longer here because this BB is becoming a joke.

ST

Yesterday, volume bought was much higher than sold but MMs dropped and kept the SP at this levels.
Today:
Vol. Sold 186,835
Sold Value £74.73k
Vol. Bought 315,429
Bought Value £126.17k

- if we get decent volumes we may clear the placings quicker - MMs will have to raise the SP for this to happen
- a lot of the placings shares held by PIs may have already been sold . If so, the clearing process may not take long at all.

As for the IIs, they'll be selling for big profits. Some will derisk and may hold SP back. lth won't be bothered by all this. More news from the Mologic side is vital. I very much doubt day traders will want to get involved at the minute

ST

That is EXACTLY why the SP is at around 40p and will stay there for a long while. MMs won't move it up no matter how much money goes in. Like i said yesterday, no amount of good news will move this up short to medium term. Peeps will sell. The reason we're at this sp is because some peeps forward sold their placings shares. We wont know what the IIs will decide to do. This share is now firmly with the MMs.

Why did they not apply for India direct.? Rather than take the FDA roue to get to India.
Product has been ready for a while. They would have the approval by now imoh

Once you get FDA , it does not take long to get approval in India. See NCYT (Novacyt/Primerdesign) on the list. They got their FDA 20/03/2020 and India 26/03/2020. This explains why genedrive is not showing on the India application list. They're taking a different route to get to India via FDA. Could they have done both? may be

CE Mark seems to have been dished out without much validation which is why we have so many cr@p tests out there. The CE Mark does not hold a lot of weight it seems. It certainly did not make a difference SP wise for GDR and ODX. Both dropped on CE approval.

About 1 month ago, i read somewhere that the FDA approval will not be as easy as it used to be as so many cr@p tests were in the US. Esp the antibody tests which had little accuracy but were on the market in the US.

Depending on when it was submitted, i would say in good time, it should be approved soon and we'll see the ball rolling then. Like TS said, they would not wait to line up buyers until the approval arrives and they would have done that.

ITS ALL ON THE fda - once we get that, we move forward.

I would have expect sales in Africa with the CE Mark.

As for WHO, not even submitted the application it seems. Not a target for GDR at the moment it seems. Again, why have they not submitted an application, God knows.

PS, for ODX, we saw an approval on this site a day before we got the RNS. It was on twitter before an RNS notified market.

Those selling today may buy back in at 1.20+ by Thursday

The Punter

July was mentioned in the last presentation