Member Info for neil777

It depends how it's spent and at what price they can achieve the raise

I think we will see better results than expected like abdx released and the SP will be alot higher before they execute the raise.

Time will tell

Evening all

Well done all...missed this 1 completely....but surly you took profits at 200% as it can't sustain that Monday after the RNS from the last 3 days and it does 200% because someone buys 11% of the company!!

G L A

It ended up being nearly 3.60p to sell and it was NT to buy more than 3k and 3.99p to buy 3k

Roll on contract news and dejavu from November

It's now 4p to buy.. a bit of a s hit spread but apart from that it was actually 4.10p to buy yesterday at 1 point so no massive harm done and hopefully a few managed to average down

Let's hope next week has good news to follow like the news in December after the 30th November shambles RNS

It was a strange one I agree

They didn't put though.. "there can be no guarantee we can raise further funds or on what terms" so I expect they have something lined up.

Yes Nis that makes system sound intelligent

However.. to buy even 2k now its just shy of 4p at

3.98

I think that RNS was silly but it was actually;

☆Good news ... tax rebate ✔️

☆News we already knew ...cash injection required ✔️

☆Good Plans for future ... to become self sufficient and continue roll out of test ✔️

☆A nice tweet about how successful and widespread the baby test is check ✔️

☆Results due on time ✔️

After the 30th November RNS which crashed the SP there was big news on contracts etc and it went from 5.5p to 13p at 1 point

Roll on next week...pleasèeeee

Do you still own imaginary shares in this Roger65 or not... I lose track of your BS

And you are in QBT and ARB ?.? God you definitely won't trust anyone after this week

Actually system that is quite a sensible post there

Again sorry Jim or myipa but does the last CEO still own many shares and do we know if he is definitely selling shares he owns

Maybe if so that is something to do with keeping the SP so low.. probably not but something needs to make sense here

A nice post on twitter and the MMS move the Spread to 33% lol

On that bombshell have a good weekend and will see you all Monday for 4p plus hopefully

Brilliant thanks JimiHendrix and myipa

I also think there will be good news to lift the SP before any raise/dilution but God knows why they didn't get the good news in regarding the tax rebate of 0.8 million and let that push us to 5p and then more good news to lift it to 7.5p and try to raise from that area and not 50% lower.

The wording of the RNS.

Plan to seek to raise.. does worry me slightly, ie raising may not be possible and they try and take it private. All my own thoughts but you 2 are more experienced here

GLA

Sorry my question regarding the loan of 5 million from march 2023 was badly worded and I couldn't understand what I had asked lol

So this was from January RNS

"genedrive plc (AIM: GDR), the point of care pharmacogenetic testing company, today announces a further scheduled £600,000 draw down under the terms of the £5m Equity Prepayment Facility, which was previously announced by the Company on 31 March 2023. Investors have been granted 3,093,915 warrants equal to 40% of this drawdown divided by the Reference Price of 7.7572 pence. The exercise price of the warrants payable to the Company will be 140% of the Reference Price equating to 10.86 pence."

My question at the time of this 5 million equity prepayment is

A] how much is left to draw down of this 5 million

B] could they do something similar this march/April

C] when it came in to play in March 2023 just how dilutive was it to shareholders. Did it dilute the SP straight away or only when they actually drew money from the 5 million

Thanks in advance for the replies

Plus to be fair Gloria it's 5% down love

In your excitement at people losing money you seem to be quoting rubbish

Cheers

Fair comment but I'm a greedy sod!

Can anyone with more experience with me when it comes to the last loan they got at 5 million was it.

Did that come with dilution through more shares being added or how did it work?

I'm just confused why would they announce that need to raise more cash and by doing that announcement knock the chances of raising cash lol

Thanks in advance

Ps it's back to 0.037p like I had suggested 3 hours ago

GLA

Hmm Karl you bought 43 quid this morning in DKE..

He literally bought 43 quid BTW (see the first trade at 9.16am) and now you are talking in riddles like some investing guru... strange

Penny seems to have dropped this wasn't actually that bad news and we all new funding was needed.

They are nearly a million better off that they were this morning lol

I'm annoyed now I didn't add more at 3.50p it will be

My dog knows not to announce relatively good news about the 0.8millon tax "rebate" along side the fact they need to raise so clearly it was dome for a reason, as it was in November

Let's hope we get some good news regarding contracts like we did in December after the "need to raise" news

I had 3k more at 3.50p and ill keep another 5k ready if they drop the need for placing.. I'm hoping the funding will come from another source though

That's pretty special to announce that today

But everyone new funding was required and they seem quite confident

Surly they have some master plan???