Member Info for PadRock

Https://www.londonstockexchange.com/news-article/SCE/contract-update-suspension-of-trading-and-noia/17500788

Having done some analysis of likely outcomes for the company from this point forward, it seems there is likely to be no value for shareholders when the next stage is announced which is likely to be one of the following outcomes:

Pre-Pack Administration: The most likely scenario. Administrators are lined up to sell the viable underlying assets (the intellectual property, the new furnaces, the manufacturing tech) to a buyer immediately upon entering administration, usually leaving existing equity shareholders with nothing.

A Distressed Fire Sale: Finding a larger automotive or aerospace supplier willing to buy the entire company for pennies on the pound, solely for the proprietary 3D carbon-fiber matrix IP, while absorbing the debt.

Liquidation: If the GM debt is called in and no buyer wants the factory, they will simply be wound up.

Given that, I've sold up and took my loss from my 0.4 original price.

Good luck to those still holding 🤞

If GM were 85% of discs, I imagine they were bumped to the front of the queue because of their support. However they had a much bigger list of buyers so presumably they can sell their capacity to these customers waiting in line. It would still create a short term squeeze but if they get short term finance they can come through this.

Between them they would have 38.5% of the company after the issue is completed.

Whilst DN has said he doesn't want to rip off long term holders, this is business and there's nothing to actually stop him snapping up a bargain if the opportunity arises

The following is taken directly from the 13th of February RNS:

The 350,000,000 new Ordinary Shares to be subscribed for by David Nugent and Robert English pursuant to the Firm Subscription and the Conditional Subscription shall together be the "Subscription Shares".

We don't know exactly what share each is taking of that 350M. It's not clear if the other 50M for DN as a swap for his loan will be part of this 350M or in addition. So it's possible DN could be over the 30% from this depending on his share of this 350M

Whilst the pair are not a related party currently, they could choose to become one and definitely be over the 30%.

If they wait a while to do this the highest price paid in the last 12 months will soon be very close to the current SP and a nice bargain price for them to take the whole company.

The RNS of 13th Feb says DN RE will be buying 350M shares, so with DNs 200M and REs 62m in total they would have over 600M between them and well over the 30% threshold

This link is to a Google Gemini 3 Pro deep research report into Genedrive's prospects

https://g.co/gemini/share/2c735cf8eb3b

This link is to a Google Gemini 3 Pro deep research report into surface transforms

https://g.co/gemini/share/6ecaed8741ab

With the placing shares they are buying they will be over the 30% threshold very soon

Robert and David only 3.5% away from having 30% between them...

If DN is looking at an offer, if he keeps buying and waits few more weeks to cross the 30% threshold, it will significantly reduce the highest price he has paid in the last 12 months and therefore the size of the offer he is obliged to make

Would it not make a lot of sense for them to build their next furnace in the US and bypass all the tariff chaos created by Trump. They have a big market there and could expand into many more models ...

Sounds like a pretty strong recommendation for rapid point of care over laboratory

Perhaps they are trying to fill a large buy order and so need to up the bid to encourage enough people to sell

But only on 13 million shares traded, this is very strange.

I suppose the only way around that would be if between the broker and the market makers they were to accumulate the shares for your order on your behalf until the order is completely filled and only transfer the total number of shares of your order once it was filled.

Exactly how legal that would be I don't know but it would certainly mean that the individual was not holding the shares and crossing a 1% threshold everyday as they accumulate.

As we know from the offer last year Peel Hunt held over 10% of the company's stock after a placing so market makers can hold significant stock. Interestingly market makers don't have to report their holdings if it is below 10% and NG needs 9.9% to get to that 25% if that is his target

Just to clarify the rules, TR - 1 notifications need to be made based on any thresholds being crossed at the end of each trading day regardless of any open orders to buy or sell.

So either NG has not crossed the threshold or he's being naughty boy again and failing to submit his homework on time

I just spotted yesterday's ridiculous volume of 277m, if DN was considering making a move then he would be wise to accumulate as many shares as possible before he has to notify and make a formal offer so that he can spend as little as possible on the remainder at 1.3p. Yesterday would have been a great opportunity to rapidly accumulate because of the huge churn caused by the uncertainty of the vote.

Is it really 60% of people or was it just two people holding 18% of the shares I'm potentially making up 186.8 million of the 187 million votes

Because David was buying the back in the summer when the price was at least 1.3p for him to make an offer for the rest of the company would cost him £11.3m paying the highest price he has bought for in the last 12 months under the takeover code.

I don't know that he has that much cheddar plus the extra that would be needed to keep the company going until it reaches profitability. Which makes you wonder what the plan is now for DN. I think that issue of 400M extra shares may have messed up his plans