RE: Don't under estimate power of FDA clearance in the USA.4 Nov 2024 10:30
"tick my neck out but I think the next placing will be at or below 1p"
They need alot of good news for PI's to agree to taking up a placing. The last placing in May tested PI patience and PH agreed to step in and take 20% of all shares.
To kick the can further down the road for 12 months, say Q1 2025 - Q1 2026 they'll need to raise approx £8 million, as they stated in 2025 they expect a cash burn of £600k (or was it £ 650k? ). To attract new PI's , the agreed dilution price would have to be incredibly attractive, less than 0.5p imo. GDR has awful financial form - enough sales to pay for their coffee, leaving the annual dilution to pay for everything else.