RE: Up 14%10 Oct 2025 09:32
Whatever Mr Nugent is up to , it's more in line with the interest of the average PI than the interests of the BoD. Mr Nugent stated he wants change at board level. I'm sure the majority, if not all , PI's would agree. The BoD has consistently failed to meet every sales deadline they imposed themselves. They only thing they've proved to be successful at is stringing along PIs with the 'selective truths' that the BoD regularly publish or state. Mr Newbie summarized this in his post yesterday tha
Newbieinvest
Posted in: GDR
Posts: 472
Price: 0.335
No Opinion
Board of Directors 9 Oct 2025 16:32
You have implied that you read this forums, so perhaps you can answer some questions during the next company presentation, or even in an RNS as you seem to be really good at firing off RNS recently warning them of the dangers of things being written on this forum and the impact they may have.
Can you please answer me how a business has such a high Rate of cash burn every month, but does not sell anything?
2020 - Revenue - 1.06m Net Income - minus £19m when everybody was making money on covid test GDR and their board failed
2021 - Revenue - £687k Net Income - minus £691k
2022 - Revenue £49k...........£49k.....like seriously.....you could sell anything and make £49k revenue in a year...... Net Income - minus £4.68m
2023 Revenue £55k ........a massive increase of £6k YOY Net Income - minus £5.15m .....still managed to increase your costs
2024 Revenue £501k Net Income - Minus £7.08m
What is going on? Inflated Salaries, Sales people ( i use the terms loosely) being hired, Marketing people being hired......and all we ever see is virtually no results in terms of sales, and marketing which consists of a couple of linkedin posts, a twitter post, or attending a Trade show where nobody seems to sell anything.
We get updates with false promises, mentions of expansion into new markets ( baring in mind we can't even sell our products in our home market) but we never hear of results, or successes.
Just come to us PI's all of the time with your begging cap out asking us to fund these false promises, and asking us to fund the wages of the sales people who don't sell, the marketing people who can't market the product, and even worse the extortionate wages of the BOD who get rewarded every year for making no progress.
This is not how any normal company runs..........why are we continually being aske to fund wages for a company who don't just underperform...they catastrophically underperform.
You might sit there an be happy with yourselves, as you will move on to the next company and rinse and repeat at board level, but people here have invested their hard earned cash, and you have failed them miserably.
At least have the decency to be upfront with people in meetings, and in RNS. If you wanted this company to work in any way, you would look at your finances first and how to mange them....whilst building that reven