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"All those who think GDR will go bankrupt, they are in dream land. "

Mr amer's, you can phrase it as you wish but the warning that gdr may cease to exist as an ongoing concern is something GDR's own CFO states each time money starts to run out. He has to state this because it's the reality of GDR's situation and unfortunately, it applies now more than ever before.

What will happen to the two gdr products should gdr go into administration?

"I honestly think though that they are doing what Peel Hunt tell them to do,"

I once wrote a fictious story about Peel Hunt being the true boss when Mr Cheek was removed last year.

Strong words Mr PetePanama. You are right, the products won't simply disappear of the NHS radar if GDR goes into administration, they'll be sold to the highest bidder. tbh it would be good if the NHS bought them out right for peanuts, especially since Manchester NHS workers and students did alot of the work over the last 5+ years to get the products this far.

Tbh Dr Miele is CSO and CEO so in a way he's done his bit to lower BoD costs. Unlike the others.

" Cash burn needs to be reduced to £100k/month by whatever means."

I doubt that is even possible tbh.

"Even 400M @ the present share price 0.4p would only give them around £1.4 -1.5M after expenses. Around 4 Months of cash"

yes. its the end of the line for this overpaid BoD.

"goodbye to my £150k....!!"

Mr system, How much of the £150k is left, on paper?

500k cashburn, little income and delays/unknowns?

And you can't believe why no-one wants to buy it?

Its one of those companies that if a buyer is interested, they settle for $1 for the whole company. but obvioulsy this is a listed company, so can't do that. Hence , no buyer.

And the reply to Mr amer's email states the Bod believe they are worth every penny of their remuneration.

You could say its a morally wrong for the company (and possibly peel hunt) to milk any more out of long suffering PIs.

Yes, shocking isn't it?

"Let’s remain mature and focused. Voting "Yes" gives the company a chance to move forward—it’s not about emotion or frustration, but about making a strategic decision for potential recovery of the capital investment I made in GDR when the SP was alot higher than it is now. I know there are PI's out there who don't have averages less than 4p. Give new PIs a chance of recovering their initial investment by vote YES. Do the right thing for them and me and vote "Yes""

Mr Amers, thankyou for sharing the reply to your email. Its tough to read that the BoD are standing firm wrt to their large salaries.

"The cost of the Board has significantly reduced from the amount reported in FY24"

This is simply because in 2024 they still paid Mr Cheek his full salary, despite leaving in 2023. in other words the cost of the board in 2024 was extremely high since salaries of TWO CEOs were paid out!

Mr Franky, its a harsh post for PI's to read but a necessary one as there are many posters here, industry insiders probably, who are still ramping and towing the line of 'jam tomorrow' and facilitating less savvy PIs to risk even more capital , simply based on fictious timelines. And they are fictious timelines as GDR has never met a single one of its own timelines since I first invested in 2020.

If GDR was a car, what car would it be?

"sepresenting 39% of the current total number of shares"

Apologies, I shouldve written.

"representing 39% of the future total number of shares after resolutions have passed"

"Not quite, 400m would represent 39% of the total enlarged number of shares (approx 925m off top of my head)."

But who will buy these extra shares (up to 400 000 000 million) representing 39% of the current total number of shares? PI's and of course, at what price (a price yet to be decided)?

"The dilution represents the number of shares in issue. I posted a better explanation yesterday.

ok. I think I get it the dilution in share represents up to 39% of current number of shares ie up to 400 000 000 extra shares. which will in turn dilution the value of PI's holding by up to 39%.

But where do the funds raised come into this? This will be a separate RNS after resolutions have passed, correct?

" representing a larger addressable market for all point-of-care tests."

corrected..