Member Info for Magsy18

It's not an investment, it is a conversion of a loan into shares. They have already started selling these shares and it is highly likely they will sell all of the converted sales. This is based on the fact that they did this last time and that it makes no sense for them to convert if they didn't plan to sell.

Reasons for doing this?
Could be that they think something good is coming and then want to take advantage of the rise.
Could be that they think something bad is coming and the want to sell out before the drop.
Could be that they just want to exit to free up funds or something similar.

Either way, it clears our debt, which isn't a bad thing.

Sure I understand drlong. Good job that a lot of the things I say is backed up by RNS's and GDR's timeline then!

That's because when something happens you get a fresh raft of inaccuracies and misrepresentation.

If you want to believe I am not a holder that's fine, me nor anyone else on this board cares. Doesn't alter the validity of my comments though.

Just to be clear, someone's position on this share does not necessarily have a bearing on the validity of their argument. The fall back of 'ignore this guy, he isn't invested' can quite often just be translated into 'I can't offer a counter argument, so let's try and discredit the source'.

Some of you are more suited to twitter, where you can spew out inaccuracies largely unchallenged.

I just communicate an accurate picture of where we are, sadly the current position GDR is in isn't particularly positive and so implicitly any accurate discussion around the current GDR scenario is negative.

I invite you to point out anything that I have said that is unreasonable given the current situation. No one has currently chosen to do that, which is quite telling!

I am not being negative, I am describing exactly what happened.

I am just pointing out that if someone is going to use the last conversion RNS to suggest an outcome here that they take into account everything that happened during that period and not just cherry pick the things that work towards their desired outcome.

Bladderman , it's worth pointing out that while it did rise from 100p to 135p within a couple of weeks, that we had also received other news, like SA approvals. It's also worth pointing out that a couple of weeks after than rise, it dropped back to 100p.

So what you are saying is that the previous rise may or may not be related directly to the conversion and that any rise, if it does happen, will be short lived?

Yes, that's the last loan note. We are free!

We will get another TR-1 from them in the coming weeks saying that they have dropped below 3%, there is no doubt about it.

That would be the dumbest move and so they wouldn't make it. Put yourself in their position.

You are currently making a decent amount of cash from the interest of the loan.
The moment you convert, you cease to make any cash from interest.
No matter what the current share price is, you can still convert for the exact same number of shares.

Why would you convert if you didn't plan to sell?

Do you not think that 7 months of evidence of GDR being unable to sell anything covid based is enough to validly make that assertion?

Covid testing being required for 1-2 years does not mean that GDR will benefit

Sure but an II hasn't bought 10% of GDR. They have converted so they can dump the shares, which they have already started doing.

Guaranteed there is always someone who can't read a TR-1 correctly.

Have you seen how far the share price has fallen in the last few months? The shorters have made loads of cash out of GDR, I suspect that LTH's are more traumatised.

Bit early to call this a turnaround perhaps!

Clueless.

BGF triggered the conversion, they weren’t ‘rewarded’.
The low price has nothing to do with the number of shares issued, the conversion price was fixed.
They wouldn’t have converted unless they planned to sell as they would miss out on interest.

Your different viewpoint just highlights how little you know about GDR.

I only say that in hindsight. Although I was sure without news that we would continue to drift, I thought we would see sales before vaccines.

I think that although the news today showed some progress, I still don’t see sales coming in immediate future. So given that and the fact that the FDA will likely approve the Moderna vaccine this week, I believe we will likely drift back down before we see any significant rise. Based on this I decided to put my money where my mouth is and sell a proportion of my holding. If I am wrong that’s ok, still have plenty of shares and if I am right I will buy them back around the mid 40’s.

Just a bit of fun.

Do you know what’s even funnier? If people would have listened to the derampers at almost any time in the last 6 months then they would be better off than if they didn’t.

Annoying isn’t it?

Which part of what I said is inaccurate?

Yes, we remember how cheap NCYT was. Then the approvals started rolling in for NCYT and so did the sales culminating in a contract worth at least £150m. Meanwhile GDR have made zero sales.

I think that might go some way to justify why our market cap is nowhere near theirs.