Member Info for FrankyS1971

"sales news to restore confidence" hahahah!!! You have been confident then? There was never any sales news!!
GDR problem is that you have a small niche market that will take 3-5 years to really penetrate and make headway (i.e. become self-sufficient). So there will be another raise before too long and for what? Certainly there is no cash to invest in any new Assays or Products so GDR is a bit stuck really. Its pretty clear to me that there are some interested parties who will watch GDR closely. Management will use our money to develop the AIHL market and before it's been properly realised and our cash is exhausted, they'll buy on the cheap and enjoy the fruit of our labours. I suspect it won't be existing SHs who get to enjoy the results, it'll be someone with deep pockets who can take us out on the cheap. Don't ask me about Share Price, but this is the end game over the next year IMO.

Barely any volume on way down. Barely any volume on way up. Anyone who has picked up any volume of significance is talking poo as the spreads have been massive. Who would want to trade when you lose 10-15% on both sides of your transaction??? Totally losing game LT with that mentality and the brokers saw you coming. Get your ammo ready for your discounted (highly leveraged) raise and then add flour and sugar for 6-12 months on a low heat. You'll have a tasty money cake by next summer. yum yum. I hope the new Amigo gets to exploit council estate toe rags all over again. It'll be the same borrowers as before + JimmyG and his kids.

Correct on first point MS but not on 2nd point. 19/1 minimum absolutely but you don't know the terms. My finger in air is 2-3p, so begs question why not sell now then??? Again, I rather suspect existing SHs will get offered shares at a significant discount to get this over the line. If new IIs get too greedy then we can revert to fall back scheme and vote no. Needs to be fair and prospectus for swallowing losses palatable enough to make the RI a success.

I'm sure many "feel" the same but engage your brain and simply sell now at a whacking loss then. OR take up your rights for a few grand and enjoy the re-rate over the next couple of years. Even at 2p raise- these shares will be worth 10-15p by then.

If you don't take up your rights you'll be massively diluted.

the way I read this is that they are mindful of needing shareholders to agree to this and that we may well see the SP at 1p or 2p or happily lower. My attitude has always been that the sp can be 0.0002p if it wants to be as long as you actually participate. My 1.2 Million shares will need an extra 5-8K thrown at it and will mean I own 25Million shares then what's the drama!?

They tried everything to drop the SP. Grinding it down day to day. Then they had to try a few quick 20% drops out of nowhere. Then we've had the SP rise like it has today for it to end right back where it started. Every single one is a nice little pyschological kick to encourage sellers along. Don't. and say no more. There has been some manipulation going on without a shadow of doubt.

Company is clearly going to get sold for tuppence.

British Mike - I think you can be "high level" and see the obvious answer. When the USD devalues along with most major currencies creating mass insecurity over the value of "money" and "assets" do you think at this moment, the public will rush to buy Bitcoin??? haha!!!! clearly not!!! 2. Will Govts actively tell people they need to buy Bitcoin??? Again. Ridiculous. The masses are not buying Bitcoin. not now or ever. You have therefore a limited Ponzi Scheme. Any Crypto fan will tell you that every time there is a dip, more people buy in and that corrections are great as more folks get involved. errrmm realllly?!!! For all of BTCs "cleverness" it is best to stay big picture to see the obvious IMO. There is no utility here whatsoever.

When it comes to drugs "Just Say NO"

Its quite simple - the business was a high cost lender (though on the cusp previously). FCA wants this end of the market taken down. We are now positioned as a mid-cost lender. One day Mid-cost will be the new high-cost and the same cycle will happen again (albeit in several years thankfully). We will have our asses diluted but if you take up your rights you'll likely do very well. This is another 2-3 years away from reaching a stable business with a head of steam under it, so expect the SP post rights, to take a year or so to properly inflate. Long way to go and most potential investors won't touch this for a while yet!

Windows - Surely a bit harsh? I mean David Beckham has money in this and he is the face of the Qatar World Cup!!! His business acumen speaks for itself. Just give Becks time!! My average here is...errrr Zero!!!! hahaha

haha big lippy. Problem is you have to be sound mentally, to be a guarantor so TF only has option of going direct anyway.

Sadly I filtered TruthWhackjob a long time ago. Reading between the lines it'll be that the new business is selling loans at outrageous rates and deserves to be shut down blah blah. Oh dear. Can Guarantors run affordability checks? and if there mate says they can't pay for a few months, how do you know for sure? I wish TF was my guarantor. I'd take his money and F straight off.

Major consolidation of range needed and cost out initiaitves invested in. LT turn around. Some decent products but too many loss making. Not sure about existing board abilities to deliver this. Need to come out of probable recession a leaner and fitter business. Not one to trade or invest in but worth a watch for now IMHO.

End of year is the expectation. It won t be soon as I know capital raises take time to organise (typically 6 months) this process won t have started or if it has then only just after court sanction. You wouldn t start organising a placement and not know if you were getting paid for it! FCa findings and fine next. Followed by relending followed by visibility around products etc. Plenty of time and news for folk to want to build a position and take up options.

Interesting moment. Clearly the holders are holding and there s no new interest of any note. Sudden drops don t work so maybe they ll really try a juicy 20-30% plunge to see if it shakes out anyone. Doubt it. When the announcement on relending comes i can see this moving up but only to 7-8p. Largely because the existing holders are keeping their powder dry for the raise and fresh money will rather wait until they no the details, so don t expect to much clamour for these just yet..

Absolutely stevie..some evils yesterday when they dropped the price to nab some stop losses. Market manipulation and not properly regulated.

The only real factor is how long genedrive takes to become a cash neutral business that can fund itself from revenues. Answer is after yet another raise. There is no way they will shift enough product in time and so i expect lots of volatility with buy and sell ops along the way.

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