Member Info for Magsy18

I agree too, I think financially, as things stand GDR are in a much better position due to covid. From that point of view his bonus is deserved and certainly not out of the ordinary for a CEO in AIM. I think my criticism is really based on the ideology that bonuses should be based on merit and on that basis he has done absolutely nothing exceptional or even above average. I think pretty much any CEO (and probably plenty of people lower down the food chain) could have made decisions that would have resulted in at least as good an outcome as DB has.

DB gambled and slowed down the progress of other products for nothing as it stands. It remains to be seen how much of a loss the company made on covid activities. Finally, DB utterly failed to capitalise on almost a once in a lifetime opportunity which might lead investors to believe that he is incapable of taking a company to the next level.

You expected an SA sales RNS last week and that's already come and gone.

There will be no sales in SA, we have been approved there for a good while now and we have had nothing. It hasn't even been vaguely referred to by DB as per our other 'low double digit millions' European contract.

So just to be clear - investors unhappy with DB receiving his bonus also don't care about the fact that people are dying?

Err?

If you're such a caring investor, can I ask why you aren't invested in covid stocks who are demonstrably helping people rather than GDR who to date have helped no one?

Oops apologies for double post!

Here are a couple of messages from LTH14. He has been saying the same stuff for months and months.

9th July
"It takes a long time to bring products to market in the health sector. Personally I believe they are doing a great job. Read the Company website. We top the list on Cytiva…..it's all a matter of time. The MM's are doing their job. Look at where the share price was and what it went to...it's all work in progress.
no point at all in selling at this point, see it through. Im positive we are about to hear good news."

20th October
"Silence on all routes-ask yourselves why! This is because all have been sworn to silence while everything is put into place. ..Patience is a virtue-like many I hold the faith that'll all come good. Fingers and everything crossed here. But it;s a stomach wrenching time..:)
GLA"

Here are a couple of messages from LTH14. He has been saying the same stuff for months and months.

9th July
"It takes a long time to bring products to market in the health sector. Personally I believe they are doing a great job. Read the Company website. We top the list on Cytiva…..it's all a matter of time. The MM's are doing their job. Look at where the share price was and what it went to...it's all work in progress.
no point at all in selling at this point, see it through. Im positive we are about to hear good news."

20th October
"Silence on all routes-ask yourselves why! This is because all have been sworn to silence while everything is put into place. ..Patience is a virtue-like many I hold the faith that'll all come good. Fingers and everything crossed here. But it;s a stomach wrenching time..:)
GLA"

LTH14, talk about complete dishonesty on your part. At this point I believe you are intentionally misrepresenting what people are saying. I don't recall people saying that covid is over, in fact there are plenty of instances where people are in agreement that testing will have to continue for a long time. What people are saying is that covid is over for GDR and all the evidence so far points to that. We have no sales, fact.

The group of people that you refer to as being 'uneducated' have been a damn sight closer historically with their views regarding GDR and covid than you, so I really think that you might want to revisit that point.

Mysteryguy you are aware that we have made no sales and that is a fact?

The rise from 6p was nothing to do with actual sales, it was largely based on sentiment and speculation. The sentiment has now gone and GDR has missed the opportunity hence why it’s on the way back down.

What is this sales threshold that you refer to?

I don’t really see the significance of January. They failed to sell during the first wave, they failed to sell during the second wave. I just don’t see why now, with multiple vaccines being distributed, is the time we will sell.

It must be that hard to sell our tests because we haven’t sold any. The accuracy of our test has proven irrelevant in regards to sales, why would this change?

It’s highly unlikely we will get any covid sales at all at this point.

You’re probably right Lloyd. Just as with the credit crunch many years ago, covid has attracted a bunch of clueless, naive gamblers who are trying to make a quick buck.

I don’t blame DB for ignoring emails.

I agree that GDR have been overly optimistic in their expectations but I think it’s more to make themselves feel better about the fact that they have utterly failed to take advantage of this ‘once in a lifetime’ opportunity.

I don’t think they have colluded with institutions in order to do them a favour.

Did they even say very, very close to finalising the order? I didn’t think it was in reference to that. Might be wrong though.

But what you’re suggesting is that GDR ramped up their own share price to allow BGF to convert and exit?

People were historically saying the same thing though. Remember prior to the results that there were some people who were convinced we had made sales and were holding them back? Well, the year end results came and nothing.

Unless GDR have been holding back news for months, which they clearly haven’t been as it would be moronic.

There’s just nothing to report and yes, they have achieved nothing in terms of sales. Even that £1m indicative order that everyone was hanging on to must be dead now as surely the purchaser wouldn’t have waited for 6 months.

BGF drive those RNSs and I doubt they would be fine with GDR breaking the law and holding back their converted shares.

People have been using the ‘holding things back’ claim for months and they have never been correct.

Besides, GDR’s financial year is not the same as the calendar year so the benefit you state doesn’t exist.

I think there will be opportunities to trade this and for some kind of exit at a higher price than this. I started selling my holding before Xmas and have been offloading where I can above 49p. I still hold around 50% of my holding.

Never say never but nothing has gone well for GDR regarding covid so far and I just don’t see it changing. DB didn’t learn from his misplaced confidence regarding sales in June because he did exactly the same again in the end of year results investor call.

I stand by what I said when the vaccine news hit, GDR are done as far as covid is concerned. With vaccines out, demand will plateau meaning that existing suppliers will cater for the required volume. Any improvements for tests will be via the existing suppliers. No one will want to implement new testing workflows when vaccine roll outs will be the priority.

It was a gamble worth taking for GDR but it hasn’t paid off unfortunately.

Yeah I agree, he isn’t dishonest, he’s just naive.

He unfortunately has proven to be a failure. The fact that the market cap has risen etc is nothing to do with him and everything to do with the pandemic.

Very professional.

I am sure people look at those embarrassing tweets and can’t wait to get invested.