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Mickey: You have been saying this for weeks but there is no change in share price. Instead of going up it is moving down.
This is what BigAI replied to my question:
For your consideration:-
As of 14th March 2023 we had £2 mil in cash + £2 Mil from RF in April + No less than £500k R&D Tax refund due end of this year 2023 = £4,500,000
Since April we have also received a further £600,000 from RF (And a further £336,000 is due from RF on exercise of their first two drawdowns of Warrants – Date unknown?)
So £4,500,000 + £600,000 (Drawdown money from RF) = £5,100,000
Should we receive £2,100,000 DEVOTE Funding then we are looking at £7,200,000, which takes Our Financial status forward 18 Months Funding from March 14th 2023 = 14th September 2024.
Note: - Although DEVOTE funding of £2,100,000 may not be paid to Our Genedrive in a cash lump sum - it would reduce Our monthly outgoing £400k costs, which I believe may be already reducing our CYP2C19 development costs by as much as £125,000 per month. This saving is effectively keeping cash in the bank!!
Then - If we conservatively add in a further £1,000,000 Tax Development Refund for the period Jan 2023 to end of June 2024 – Takes Our Finances to £8,200,000 = 30th November 2024.
I believe we will receive a further £2,400,000 Drawdown money (8 x £300,000) from RF – Should this be so - Then we are looking at Funding well into 2025 !!
Along this Financial road, we will be receiving revenue from AIHL and CYP2C19 sales - to add in !!!
From Our GDR - DEVOTE Funding - ‘’to further the ‘validation’ and ‘implementation’ of the new Genedrive® CYP2C19 ID Kit pharmacogenetic test in a time critical clinical setting’’ = ‘'Validation’ and ‘Implementation’'
AIMVHO !!!
141945 average 30.44 :-(. My another bad investment
Oh dear disaster!!!!!!!!!!
What is your price target? and Why?
It never works System. I learned my lesson when I made a similar mistake a few years ago. Since then If my trade goes wrong I accept it and never chase any other stock.
How many have been sold to date please :-)
Jimi: I have just watched the presentation again, especially the FDA part and I can confirm your wording. You are not lying you are correct. Thanks for your research and a valuable contributor.
Lol lol 😂
John, Big H and system: I've got £43222 for 141945 shares so av 30.4498 p
"If we start to get those contracts in and revenue streams"
It is a very very big "If" :-)
Sharebel: What is your short and long-term price target? and why? My average is 2.53p (£23k).
30p :-( :-(
I wish I had never invested 110k in the stock market. My investment has shrunk to 15k, and I am unsure If I can recover it. ENET, GDR and NCYT have eaten my hard-earned money. For the last few weeks, I can not sleep properly. It is not anyone's fault and I take full responsibility. I just wanted to share it so that those thinking about investing in the AIM market can learn from my mistake. Please do not invest. :-(
I wish I had never invested 110k in the stock market. My investment has shrunk to 15k, and I am unsure If I can recover it. ENET, GDR and NCYT have eaten my hard-earned money. For the last few weeks, I can not sleep properly. It is not anyone's fault and I take full responsibility. I just wanted to share it so that those thinking about investing in the AIM market can learn from my mistake. Please do not invest. :-(
A technical bounce is due. RSI is in oversold territory. I am now regretting my decision to invest in GDR, I know It is my mistake and I fully own my decision. I can not see any hope soon.
We need contracts, revenue otherwise the share price would keep falling.
Maybe tomorrow or next week or next month or next year :-)
3p was on TSP exit news and now 3p on contract news lol
Thanks, System