Member Info for Junior1618

I am down massively like everyone else and fear i will never recoup my losses here - I kick myself I didnt sell when a poster warned us in August that things were delayed and unlikely to be national commissioning of CYP2C19 this year. I should have smelt a rat too when the company tried to negate this view the next day with a wishy washy RNS.

The mistake was by the Chair not replacing Cheek with a proper commercial CEO - Gino is undoubtedly a competent scientist but clearly has no clue on how to run a business. He told us in June that the implementation plan was due any day (still no sign of it) and has consistently over promised and massively under delivered. A real shame but a good A level Business case study of how a company can have great products but totally mess up still.

I feel sorry for the two investors who now own 15% - god knows how much they are down.

Directors taking 10% salary deferral - far too late

Now saying they wont be EBITDA positive until end FY 2027 (ie June 2027) - this is despite Wallbrook and the company saying they would be EBITDA positive end fy 2026 only a few weeks ago. This shows they have no clue.

I cant see any mention of the pilot results or implementation plan meaning they are not expecting any funding until at least next April.

The Chair and Gino have messed this up very badly.

I think something is going on behind the scenes - its over a week since the AGM so plenty of time to sort out a placing, given the dwindling bank account. Why hasnt this happened yet?

Its concerning to say the least that in a critical meeting regarding the company's on-going concern, they (allegedly) spent time discussing Roger's conspiracy theories. Really?

The longer we wait for news on funding, the more I am hopeful that they are going to reveal a non-dilutive funding outcome? Surely if they were going to do a raise, they would have done it by now with the SP relatively stable? Or am I just been overly optimistic?!!

They have stated they have cash until mid/end Oct so they need to sort out some immediate financing quickly - talks of a takeover on this board, whist conceivable, wont happen in time for someone to buy them and inject cash before theirs runs out. These things can take months to go through so unless they have a loan of some sort up their sleeves, I think a raise is inevitable. I am also not hopeful that the soon to be published details of the implementation guidance will provide any short term revenue boost - I think this will happen from next April.

They need to get a move on with the raise before the SP falls further. The poster who in mid August warned us that the implementation guidance wouldnt be published until mid/late Sept and there would be no funding for CYP2C19 testing this financial year looks unfortunately right.

False news Roger again - bid is .45. You need L2!

James Cheek left in August 2024 and his LI profile states he was employed by the company until Feb 2025 so you would assume he is now no longer being paid. The same will be for David Budd.

Lets hope they move quickly at the placing , hopefully above .4p - then we can all move on quickly to hopefully a brighter GDR future

Eureka - what a load of tosh- RNS is out now!

I'm semi heavily invested too and keeping everything crossed for a yes vote announcement later. I would then expect a rally in SP ahead of a raise later this week but at what discount is anyone's guess. Good luck all.

My worry would be that I dont think any takeover would be arranged / agreed or in place by the time the company's funds run out (end Oct?) . I fear therefore that a further fundraise is inevitable once the share reorganisation is approved. Hopefully it will be small to see them through to a takeover if that is the route they are discussing at the moment. Thoughts?

Roger - you are just causing mischief. if you did buy at .65p then this would have been after the RNS on the proposed share reorganisation so you would have known the implications of this. You are now saying you will vote NO and risk losing the lot - I am afraid that is just for the birds. Why dont you just sell now and not lose the lot, if you think that may happen (which it wont).

Beware everyone of Roger, he is just spinning untruths and almost libellous insinuations about the Directors. Anyone that makes investment decisions based on this board as opposed to what's available in the public domain should really not!

JimiH - exactly. Why would they state in the last RNS that they continue to assess a broad range of financing options if this wasn't the case? I suspect the proposed share capital reorganisation is a backstop in case other options don't materialise before they run out of cash. I wouldn't be surprised to see a small raise in mid Sept followed by some non other dilutive mid term funding option.

Personally I don't think there is any other option but to vote yes - but I would love to hear from the Board how they plan to reduce cash burn and ideally that they are prepared to reduce their own salaries until they are EBITDA positive - no problem at that point paying back their salary sacrifice.

Panama Pete = anything but a vote yes makes it a very very uncertain future for GDR. A vote yes gives a very good chance of a SP recovery over the next 6 months with FDA news, national commissioning on the horizon etc. Turkeys don't vote for Christmas!

Absolute fake news. IF there is another placing, they wont have clue at what price yet as they only determine this based on the current SP at that time.