RE: Budd Cheek11 Sep 2023 16:16
To the rampers who need a reality check, the resignation of the CEO is it. GDR are running out of cash fast. The new CEO needs to make sales (as mentioned in the RNS , he has experience selling to NHS) , otherwise GDR will cease to exist . RF deal was the death spiral for Mr Budd and GDR are all too aware that it's turning into the death spiral for GDR. I wonder whether GDR can exit the deal now by simply not making any further drawdowns, anyone? If they can, the new CEO may be able to raise funding in a more traditional manner ie massive share dilution.