RE: Heads up - half year results are out31 Mar 2026 23:06
Andrew444
No I am not on a wind up, and trust me, I have a solid understanding of the situation as I've been invested here for years. I’ve also been involved in a wide range of other stocks and based on what I can see, Genedrive still has the potential to perform well as a company. However, in terms of being a genuinely lucrative investment opportunity, it does not currently meet that standard.
The company currently has 1.6B issued shares, with a MCAP of15M. A MCAP of 30M wil mean the SP will be 2p, and thats at todays number of shares. With more dilution which is inevitably going to happen, then that 30M MCAP could only be worth 1p to shareholders. At current burnrate the company will be lucky to get to the end of the year without another fundraise. Only a massive jump up in revenue will move the SP up and give shareholders some hope. The company is only turning over roughly 1M a year in revenue which is very low . If revenue can increase and increase fast then there is some hope for investors, if not then shareholders especiall LT holders will suffer heavy losses. Lets see where the company is by Christmas and then talk. I hope I'm wrong but this stock is going in the same direction as most AIM stocks and thats down to their financial situation, nothing else.