Member Info for PanamaPete

It’s also a load of nonsense written by AI or a bot.

No point in buying for next divi as will drop more than 27p on ex-dividend date imo.

I'm looking for 580p or thereabouts.

It's not the first time they've been running out of money though is it ?

Since BLD bought at 70.9p this has been under the cosh but seems to be making a good recovery now & with results on 10th Sept perhaps some good news is coming.

Amers, I thought I made it clear why I voted 'NO'. I don't like the cash burn or the dilution. I think they should have put the 'FOR SALE' sign up.

Well I'm certainly looking forward to 2p, EC but I'm not expecting it unless a bid lands.

EC, I've set out my losses here, what are yours ?

Strong words there EC. I can assure you I do hold 1m shares at an average price of 0.98p which is a 59% loss or £5800 which leaves the value of my holding at £4000 at 0.4p. Should GDR not be able to raise sufficient funds to continue as a going concern, my belief is that the value of the products will return some of my investment & accept any such returns would only come after a long & protracted basis & could well take over a year. Effectively I have written off my investment & am enjoying the theatre of it all. If by some miracle a bid arrives >1p, which I think unlikely, I shall hopefully make a small profit. I'm voting against the current operating mode. I'm just waiting for some pleading RNS to land reminding investors what they stand to lose if they don't vote 'YES' to effectively a 40% dilution. This I don't accept.

I like a bit of competition Amers 🙂

EC, I only deal in round numbers.

EC, the money won't be totally lost. How much do you think the rights to GDR's products are worth ?

Sure, it would take a while to recover losses but if their products are as good as you think they are then the current market cap does not

reflect that & raising at a further discount is ludicrous. If the 'Ask' drops to 0.4p & you see a 500,000 trade, that will be my 'Buy' order being filled.

Buy order that is.

Hoping my 500,000 0.4p order will be filled but bid has ticked up now. Never mind, perhaps later in the day with all this negativity. I'm voting 'NO' because I want the company to stop haemorrhaging cash & I'd like to buy more to add weight to my 'NO' vote.

Roger, that's not how it works.

If I can get 0.4p on the Ask, I’ll buy another 500k to add to my ‘NO’ vote.

I thought you needed at least 10% to control a company or be expected to make an offer for the remainder of the shares. 10% would be 62m shares or about £310,000 worth at 0.5p/share.

Yes Amers, that is what I get too.

As an aside, I have just discovered a forgotten 50,000 holding in my HL account, now worth diddly squat but I have received no voting instructions from HL & can find no corporate actions outstanding. Just wondered if anyone else with an HL account has received notification. There could be an awful lot of investors that are not aware of the vote. Also, as I understand it, votes need to be registered by 9th Sept, not the 15th which is the date of the EGM.

Stocksaint, I've just noticed the typo in your last post 🤣.

Stocksaint, no I would not sell my holding to donate anything to charity. I'm an investor, not a charity. I could ask, why don't you sell your holding & give the proceeds to charity. Trying to guilt-fest me & suggest I'm some kind of heartless bar steward is water off a ducks back. I give in many ways but funding Director lifestyles is not one & I think this has become a lifestyle company. I don't think their current plan is best for me as a shareholder & would rather the products were in others hands which they surely will be if the resolutions are not passed.