Member Info for marve

bid and ask been fairly rigid for most of day

5k and 10k trades keep going through, always delayed, clearly sells and they are the placing churn in my opinion

1.1.m traded so far today

and as soon as it goes 4.30, watch for all the delayed amounts from friday

Fair few round amount chunk trades going through (no of shares)

Plenty of them delayed

Seller still at it

What I'm not sure on, is if say an institution held say 2.5% and they took another 2% in the placing, in theory they would then hold 4.5%, but if they forward sold using their original holding, they would never actually ever breach the 3% limit

My expectation is the in theory would never be made official, hence any of these types would also fall through our net of tracking who has done what

The reason I also believe this to be the case is re examining the result of placing rns, it comes across as though they stated BGF were part of placing because BGF were already a >3% holder, not because they have loan notes

Hence on reflection I think if calculus had been part of placing I reckon they would have appeared on that result rns as well

We know BGF forward sold, plus they sold a bit more too

They was more selling Friday so this could also have been calculus and BGF getting their final amounts sold

It is my expectation that a fair chunk of the placing shares went to those that would never breach 3% so they would not pop up

For example somebody held 1%, they took up another 1% in placing, and so forward sold their original 1%, we will just never know about those types

@scart

We know calculus have been selling shares

The 28 May holding rns is not a changed in shares, it's only a change in percentage holding because of the placing

The calculus CEO could hardly be tweeting that they own Genedrive shares while in the middle of them selling

Which tells me calculus have now stopped selling and are happy with what they got to go forward with

As always institutions won't act like us private investors

Looks like Twitter must read this board, few retweet of the calculus guys tweet

Lets have a storming start to June, hopefully various different news not far away

They were delayed trades from Thursday

I have also not heard anything about trials with NHS for our coronavirus test, let's keep things factual samolly

Genedrive website for significant holders

http://www.genedriveplc.com/investor-relations/shareholders.php

It is only up to date for the 8.30am RNS from Friday and so could be a few more tomorrow which will include Friday's action

For example BGF had 4.459m shares before placing announcement and by end of 28 May they had 3.506m, so we know they got rid 0.953m plus the 1.563m they took in the placing, meaning they have at least shifted 2.516m

That said some new institution could have got 1.34m in the placing and only been 2.99% overall so we would never know about them

CEO and Co Founder of Calculus has today tweeted the proactive interview

https://mobile.twitter.com/GlencrossJohn/status/1267037301877637125

The last time he tweeted about Genedrive was on 5 May about the Hepatitis WHO approval

Since then Calculus have been selling some shares

The RNS on 28 May shows the impact of the placing on Calculus, 15.11% of 34,870,871 is same as 11.74% of 44,870,871

I therefore do not think Calculus took any shares in the placing, they were also not mentioned in the RNS on 5 May for the placing result, like BGF were who also had over 10% pre placing

What does all this mean? Calculus must now be finished selling, FINISHED

Their extra selling as well as placing holders has also held us back

In my opinion the institution sellers have clearly only turned their selling tap on more when the share price has been rising, only lower volume days they have drip fed the sales through, so they been patient

Even if the last selling chunk waits for more news, at some point it will be gone

Now let's say for example, gdr announce in next week they have sold their first 3m tests they have been able to produce, the seller gets rid of the last chunk they had, because of the selling pressure the share price ends Friday at £1.60

So starting the following Monday, gdr have already sold their first 3m tests, £8 to £10 per test and 60% gross profit margin, so people start thinking, hold on why are they still at £1.60 and £70m when they just booked £15m gross profit

Buy, buy, buy

Simply, the share price is not restricted to only rising on the day of an rns

Dirty ramper you :-)

It's hard to see what the downside of our product is for lab testing, in comparison with other lab tests

So it's fair to say there is the expectation of plenty of orders to come

And David did say, in his own non rampy way on sky news, PCR is the only test being relied upon at the moment

Not old enough to experience dot com bubble but have read about it, started to get involved around 2007/2008 financial crisis, if only I had kept hold of Taylor wimpey from 5p, but I was young and had no patience

I don't disagree that this coronavirus event is somewhat of a bubble, a crazy event where incredible gains can be made, however what I will say, is while many company's might get caught up in the bubble but never actually step out of it, there will be a few that do emerge

Those being the companies that bring a highly successful product to market which completely transcends the company, I'm confident gdr will be one of them

Good post

Only thing I would add in, is 3% of company is now roughly 1.3m shares

So one or two institutions might have taken placing shares and never crossed the threshold to report

Even if there is a bit left to churn through, it should pretty much be clear skies, a nice fresh start in June with all the potentially great news to come

88e was in at like 60p before their first icewine drill, never sold on the highs, only exited after 2nd icewine failed I think

Travelzest, I was in that, I was showing a decent profit when didn't the finance lender just decide to call in their loan, which company could not pay, so they defaulted and that was that, I think that was right?

Borders, their first drill in 2012 was on the field they called Darwin I think

It's all flooding back now, not good memories

Don't remind me

Borders and southern two drills, I can even remember the drilling rig name, leiv eirikson

Falkland oil and gas

New world oil and gas in Belize, side track well

Towers resources off Namibia, most expensive technology going

Kea petroleum second puka well

Disaster after disaster for me

John Ryland is our former finance director for over 10 years, retired in 2017

Once last seller gone and website updated, be interesting to compare then and now shareholdings

For all we know institutions could be selling a bit more than they got in the placing, just because they prefer to now they have profit

There is nothing to read into that, they don't know anything we dont

But what we do know is they can't continue selling forever