RE: 4.7% down before opening31 Dec 2021 09:53
I took profit Mr Terrier but then foolishly piled in on news regarding India, emergency approval and commercial agreement with Bc. ie I sold at the top but bought in again at the top, based on a new and unexpected RNS (I think it was regarding emergency approval to sell in India). I believed Budd, despite his disclaimer at the end of the RNS stating that the pellet may cost too much. I refused to believe a testing compnay with a commercial agreement with Beckman couldn't sell there tests to at least some Indian organizations. Well obviously I was completely wrong. Now we have omicron and GDR are in the same position but now they have two covid products they can sell and so far no sales. Believe me if there were sales they would broadcast it immediately - hyped up news and expectations is all Mr Budd is good at. I think he may have turned it down a bit after mentioning the potential of a 10 million+ deal with a european country last year that turned out to be utter nonsense and promising the poc would be ready by 21Q1. If it was I'm sure we would've seen sales by now. But unfortunately Mr Budd is a truly useless salesman. Sadly, I wouldn't be suprised if the sales people he's hired are useless too, that's how things work commercially, idiots hire idiots because they know no better. Still you never know, even a broken clock is correct twice a day. And make no mistake GDR is a broken clock.