RE: Give us an approval , Jes20 Aug 2020 08:53
I think BC deal reduced probability of black swan event, but whilst so much hinges on external reg approvals, agreed, this always remains a risk (albeit not just isolated to GDR).
Uncertain on II seller, Calculus (8.99% at last update) - per ‘results’ section they were happy to promote ‘Genedrive (May 2020) 2.1x return’ but that was selling circa 140+, so would they be comfortable with smaller returns (presuming chunk of shares from placement - maybe they bought earlier, haven’t checked back yet).
Other option is Spreadex - as impatience wears thin maybe those who took long positions expecting approvals are retreating.
Also agree / believe there is a II buyer on play, on smaller scale than recent II seller.
https://www.calculuscapital.com/what-we-do/
At least we must now be closer to the end game vs 3 months ago.....news should be soon, we have a relatively firm date even if it’s just the BC update, but expect approvals will arrive ahead of time.
PP