Member Info for FrankyS1971

Got to say my source is beyond excellent and i have surpassed myself. Or i wouldnt be so forthright. "Days away"

The announcement of FCA deal and return to lending will be made over the next few days.

Agree with almost everything you say Roger! I know you can't always read a book by its cover, but Budd isn't properly vested in the business he's representing which is a red flag. On the upside he has a background in technical sales and marketing so you'd think that's the right capability to have right now. If SH's are given an offer of 20p or an insolvency, they'll vote for 20p. even 10p. Something will be better than nothing. We'll have to see. All I can say that a raise at 25p feels like awful value for the II's that bought in right now, but give it 2-3 years and it'll be a different story. Getting there may be torture and I'd reccommend top drawing these and stop looking every day. invest for the long term as its bad for your health.

Hi Antony - Don't get me wrong - I have no doubt this will get written into Best Practice not just in the UK but globally over time. My fear is that current investors do all the heavy lifting and then get rolled over on the cheap just as the selling activities yield results. Either there is another raise or worse, we get swallowed up by a much larger outfit and don't get to enjoy the ride. The latter is far more akin to AIM than this suddenly offering explosive SP gains beyond a spike for a few days. I'm just saying that the greedy powers that be will want to take SHs out and grab this for their own gains.

baseshyte bleating cos peoples "guesses" are different to his. You think the NHS trusts will be snapping these bad boy AIHL tests up with the enormous budgets they have on the go?...do you know what the operating costs of GDR are even? its not rocket science to figure out that we will run out of cash next year. Another raise = borrowing yet more from shareholders. so tell me, if interest rates are up, how does it look for any firm looking to raise capital?? This business is now very risky to say the least and will get bought out as a penny stock in trouble. If the Mgt team get a nice pay-out to run the company down and prolong the pain, then why wouldn't they? They probably already have buyers lined up as no way those conversations aren't happening right now! It pays to be naturally cynical with AIM. They rarely land well.

Breaking this down into a simple premise. What will happen first. Profitability or Genedrive running out of money? I'm almost certain it'll be the latter, but you can argue otherwise. To run a business from one dilution to the next makes monkeys out of investors as you are funding management and a "good story" not a business that can stand on its own 2 feet. This needs to be sold to someone who will keep investing for the long term not investors who short term are under the illusion this will go places and rocket because BUDD pipes up with the next chapter of fantasy. If he told the truth that it'll take another 3-5 years and we will need to raise money at least twice more, then Genedrive would go bust, so he has to string it along, hope investors keep the faith and sell hope. Good luck dancing to his fiddle as I don't think this is worth more than a few pence for at least 12 months.

Clearly some infighting over the terms of the raise and the FCA negotiation and Gary lost the room. He did some good stuff but the wasted year here was always unforgiveable and the delay has been down to him not "getting it".
With Finance guys in charge, one imagines it might be more brutal on shareholders now. Was hopeful out of the 20:1 dilution that a number of those would be free issuance with others discounted which may still be the case, but there was some arguments happening for sure. As long as you participate in raise, whatever the terms, you'll get your money back on these if you're in under 15p eventually. Might be a long wait if it wasn't already!! We have some equity left - be glad!!!

Reminds me of Percy from that the movie The Green Mile.
Dead man walking....coming on through now....dead man walking:-::::-)

Expect to be deeply aggravated on POC sales. Fair enough re AIHL but still expect a major revenue gap which therefore means equally large funding gap.

I think you ll find the wider market agrees with me not you #,,,,ickhead

I m not peddling anything other than an opinion muppet. The model doesn t work because there is short / mid term funding aligned with a long term product sales cycle. Layered on that you have a management team in Budd who is remunerated beyond an acceptable level for a series of failures. Millions wasted on POC with zero sales and even with AIHL there were sales that he committed to reporting in the spring. Its now Autumn an nothing. I think you should apologielse to me and take your head out your behest. Yes AIHL will eventually come through but the business has failed to match investment needs with market development cycle. Too thick to see that i guess.

Budd is doing a good job here. Totally unproductive having a casino stock with extreme volatility. He's keeping a lid on the newsfeed so he isn't accused of ramping. some people can't win.

Where's the NHS funding to even buy the kit exactly and what other areas in the NHS will cut spending to fund this? I'm sure they will eventually but the nuances of procurement across the various trusts is a multi-year affair. GDR has pretty much 1 niche product that will take years to roll-out and no money to invest further. These guys will get taken out on the cheap without any shadow of doubt as there is little appetite amongst investors for yet another raise next year. It was undersubscribed last time. There will no doubt be a bounce but I think you'll do well to see more than 35-40p again.

No probs Starres. Not dissing this stock or investment - there's clearly a profitable business here in the making, but I just hope that all the build and patience by existing shareholders is rewarded. My biggest fear is that the C8nts out there mug shareholders off, by rowing in and buying Genedrive or taking it private, just as it starts to turn a corner and wash its face. It would be so very AIM for us to get robbed off over the next 6 months on the cheap. hopefully not, though I do think GDR needs more investment and stability, so a buy-out done fairly would be progressive for the business.

Ooh i know the answer Largey can i go?!!-))) is it cos 99% of Jimmy s comments aren t worth the air? Unless you want to believe that no lending or borrowing will happen anywhere then i d suggest this is above Jimmy s pay grade. Everyone is rapidly moving to open banking. All Amigo needs to do is apply their compliance and ops resilience processes and they ll effectiveltly have lots of enquiries going in to the top of the funnell with only a few filtered out the other end for a loan. Same as every lender bank and mortgage provider ad infinitum. Convenient to single out Amigo on a product snd process that as yet is to be understood and one that the FCA will supervise closely. Thankfully. If anything having been in such a scrape we will be in a much safer and robust position than many. Unless like Jimmy infers the era of lending and borrowing is over.

You won t see much positive until you get within 3 months of the next raise. Does anyone now doubt this is a racing certainty??

Well thats disingenious Jimmy. There will always be lenders and borrowers as you well know. I think the target market is huge as the middle classes will also get caught up. The impact of the winter crisis will need a mix of solutions of which lending is one until we get to the other side of this. Pausing for thought on how to manage the flood of demand is very sensible as its early next year when the response to this mess has to kick in etc. Amigo at 4p is worth a punt IMO. But plenty can disagree.

We re in a national emergency where affordability of anything is under politcal debate and scutiny. When is any loan truky affordable? Forgive the FCA and Amigo for having to debate this further cos its key to getting the new business off on a sound footing. Worth adding in the FCA s words a return to lending for the business is highly likely as per the judges conversation with the FCA before sanctioning the new business scheme. Anyone here playing on short term drops is a mug punter. Hold. Accumulate if you want and keep the powder dry for the raise. What rhe SP will di in the meantime is relieve weak holders of their cash.

I don't think it makes a blind bit of difference from a sales perspective as to who is at the helm. Very slow cycles regardless.

I agree Novice. The SP was managed down on very low volume and chunky spreads and is now probably being inflated by the folks who were shorting on guess what...very low volume and chunky spreads. The SP as you say is just going back to where it was, before holders were presented with some pressure. Only very weak holders or traders have been playing this as the PIs who have been in this for a while aren't stupid.