Member Info for Muminr

Guy, I'm certainly not happy about the half a billion shares about to be issued and I guess it makes past peaks less unlikely but I see no other way than to average down and hope for the best. Shareholder? Sharehostage more like.

Good to hear from you Roger! You have every right indeed to be posting. I've gone for the placing offer to average down at bit in the hope that there will be opportunities as there had been in the past to get out without a loss/minimal loss.

To think we could have got at in March 2023 with a profit! Here's hoping something like that will happen again.

Bankruptstock, it’ll depend on whether you’ve maxed your allowance. If you have, like me, you won’t be able to add new cash to buy. I’m hoping I’ll be able to sell half my shares and use that freed cash to buy back at 1.5p

I thought about the same System. The problem is we don’t know when the relevant date is that they’ll be using to determine your existing holding. If you sell it all and at the relevant date you don’t have any holding you wouldn’t be entitled to the offer?

ProfessorSPD, I subscribed earlier today, applied for as many shares as I have in my trading account. From the main page after logging in, click on the portfolio tab, then corporate actions. There should be a box there stating "response required", click on that and fill in the sum you wish to subscribe for. I hope that helps.

Call up IG on Monday.

I don't know about IG, but I received an email from Interactive Investor informing me. There was a message in my Corporate Actions tab where I could state how much I wanted to submit in relation to the offer. Check your emails and IG account for any messages.

Hi onlyprofit, that's tall ask i think in the immediate future, a MCap of over £200M. Long term, of course anything is possible. However, maybe not with the current management.

I went for the open offer to reduce my average slightly. Hopefully there will be opportunities for people with our averages to recoup most of our money. A few of the posters on here mentioned trading the share rather than sitting on it. In hindsight, that's what I should have done. If we trade wisely selling the peaks and buying back lower hopefully we'll make a recovery. I wish you all the best.

Thanks Jimi and Eureka for that explanation. Well, I 'll be voting for it then and hoping for the best come July 10th.

Jimi, Yes, I thought about it long and hard and went for the offer shares. I think I'll be voting against the REX shares though.

Yes tkevin, the RF funding was relatively better for shareholders. And, if we had 2 further drawdowns left then why not utilise that before the NICE full recommendation in July? In my view, this indicates the BOD suspect it will not be confirmed as full in July.

I'm mindful that if investors don't buy in then Roger's prediction that the placing won't succeed becomes a kind of self-fulfilling prophecy but I can't bring myself to put more into this...fool me twice shame on me.

You'll recall from the investor presentation that even after his apology for if shareholders were misled , Cheek stated that another hospital would go live end of that week. Why has there been no news of that? Why is no none holding him to account for that? I'm afraid I can't trust anything this BOD say.

I agree with you about all those potentials JimiHendrix , which is why I will continue holding. However, as you also know we've been waiting for these potentials to come to fruition for years now. Further, the conduct of the BOD must make you question the company's attitude to delivering for shareholders.

All is forgiven Starres! You saw it correctly back then . This thing will take at least a couple of years before any significant income.

Stockpick ,unless they were putting in serious money like many of us investors, it's clearly a way to protect their gravy train. Is there any plausible rational for the BOD knowing and stating there will be a placing, passing up many opportunities to place at a higher price, and then waiting till now to do it at over 50% discount?

What to do? if anything?

I’ve lost more than even you Roger! I had written it off in my head months ago so this hasn’t come as a blow.

Are any of you buying in at 1.5? I’m just not sure. In the past I though some of your posts were slightly too conspiratorial but you’ve been proved true. If the current SP is being artificially kept high by Peel then I’d lose even more.

With around 500M shares to get anywhere near my 38p average would need a MC of just under 200M! Not happening. However, another 15K at 1.5p would bring my average to under 19p. That seems more achievable, or at least I’d get most/more of my money back. I really can’t see any other way to make my losses back.

Perhaps I’m over thinking it but I just can’t fathom why the BOD would behave so reprehensibly. Unless they’re satan worshiping paedophiles why would they have shafted LTHs? The only rationale I can see is that they thought the confirmation of full recommendation for CYP219 would have happened by now or before the money ran out – but they could have got a bridging loan. I wonder if they’ve got wind that the recommendation will be conditional after all? If so, it’ll be around 2027 before GDR is viable.

In any case, to average down or not?

That's great advice Stockpickfree :

An emotional trader is a bad trader. It is not as it Cheek gives a feck or it will make any difference...

Give yourself some time to cool down before you make such a significant financial decision.

I had mentally written off my investment here months ago, but still hoped for the best.

This activity should be criminal. I agree with you Roger, I don't see them pulling this off. Cheek is investing £10,000!

That makes sense to me JimiHemdrix. It would be reasonable to take the RF drawdowns until confirmed full recommendation and then raise. I assume that GDR know if it’s confirmed as if anything untoward came up during the consultation they’d be approached to comment.

So, it could be great news. Or, it could be terrible news!