Member Info for Popeye62

There will definitely be a placing and it needs to take place pretty soon. At the end of October 2022 GDR had circa £3m cash. We're now four months down the line and with a cash burn of £400k per month that leaves the remaining cash in hand at £1.4m. You then have to subtract just over £1m of liabilities that are sitting on the balance sheet when the company reported in November 2022. Once that is taken into account it leaves a cash balance of £400k. Hopefully, fingers crossed the R&D tax credit has landed, otherwise GDR are perilously close to trading insolvent. I think the raise will be for a minimum of £8m and could well possibly be £10m. I think they will raise at 15p a share which would be at a 36% discount to the current SP. The raise will represent a 60% dilution to existing shareholders. Let's be honest the SP of GDR has performed extremely well to rise from 8p since December last year to it's current level.

Guy - Like you I also fear there will be a raise. Let's leave it there. Have a good weekend. I know I will.

Guy - I think you'll find that you are the total scumbag!!! Do you remember calling the raise at 6p??? You and your girlfriend Lloyd??? That was only a matter of weeks ago!!!!

You're dead right norbua, news could land anyday including the news of a raise. Last time they did a raise the SP was at 42p and they carried a raise out at 25p. So going on that basis, with the SP currently at 25p they would carry out a raise at 15p. That news could land Monday, it's a possibility. The good news though they will offer it to PI's as well, last time they did a raise, they also offered shares to PI's, but it was well under subscribed because PI's didn't take them up. Good luck. Atb Popeye.

Lloyd88 - I've sold my entire holding. Stops started getting triggered from 22p right up to 32p. The last of my holdings I sold yesterday. My last sell was at 28.5p. I was holding an awful lot of stock and I've made a considerable profit from Genedrive once again. The average for my holding was 10.8p on entry and I exited at an overall average of 27.86p. Well done on hitting your target of 31p and getting back to breakeven. After all the pain you've been through, holding through the dark days when it hit 8p!!! You deserved to come out unscathed. I wish everyone that is still invested the very best of luck and I hope it reaches your own personal targets. Good luck all and Goodbye. Atb Popeye

I would love to buy more at under 3000p but I was more than happy to pick up a hefty old tranche yesterday at 3019p. Certain things on our wish list don't always happen. I would also love an Oyster 675 sailing yacht!!! Good luck. Atb Popeye.

Stephen11 - The pleasure is all mine. You are absolutely welcome. I think it's time for you to upgrade that balcony cabin to a suite. I'm flying back to London in February and also in March if you're around??? In May we're sailing the yacht up to the Canaries for a few months. Take care. Good luck. Atb Popeye.

I've been buying in tranches all day today. If been waiting for a while to get back in. I would love to see it go below 3000 as an opportunity to add more for the dividend. As is always the case when a share buy back program comes to end the SP dips. Looking forward to the results and between now and the results I will continue to add purely for the dividend income. Atb Popeye.

Ironically the 335,410 sell for over £54,000 would have got less than half of that 6 weeks ago!!! Achieving only £27,000 for the same amount shares!!! I feel for poor old DSFLAT. He sold 600,000 shares for £54,000 at a huge loss, had he waited another 4 weeks he could have realised £114,000. That's a huge difference in anyone's book. DSFLAT was so positive regarding GDR and his investment when he burst onto the scene, posted really good research, but sadly he allowed the dross on this BB to get into his head and missed out on a £60,000 payday. He would have had a lot more than that had he held his nerve. Then there was Inphobe, again a really positive poster on the future of GDR, but he sold out completely at a loss and then popped back and asked the rhetorical question why should I buy GDR at 8p and went all negative on GDR, purely just talking his book, which is a very bad trait in an individual. Good luck to all invested and when you decide to exit just have the common decency to say goodbye and good luck to all those that are still invested. Atb Popeye.

GSA Capital reduced their short further by O.08%. As of yesterday they were showing 0.48%. I would imagine as of close today they're are now completely out. Atb Popeye.

mazik - I totally agree. Contrary to the beliefs of many that post on here Genedrive currently has circa £3m cash when you include the R&D tax credit. They have a sufficient cash pathway for the next six months and current cash burn. That's a huge window, time wise, to release a lot of good news. Hemo had a market cap of £80m with only £1m cash in the bank. The SP of Genedrive can push a lot higher before any form of fundraising. Good luck. Atb Popeye.

ExpertTrader - Well done. You and I were the brave ones that kept adding from 8p. We certainly left a lot by the wayside!!! Like you I'm now in significant profit. Good luck. Atb Popeye.

And coincidentally, exactly the same as last year, the MM'S are currently more than willing to take huge amounts of stock at 11.5 with little to no volume. Atb Popeye.

I've got a funny feeling that the SP is going to spike any day very soon. The current trading pattern is a carbon copy of last year when the SP was sat at 12p. On the 11th March last year it spiked at midday with no news to 16p. Don't ask me why, but I've got a feeling history is going to repeat itself and the exact same thing is about to happen. It's only my opinion. Good luck all. Atb Popeye.

Nissangtr786 - If you had trading account you would be able to do a dummy buy or sell? Why don't you go away and give it a try and let us know the results???

Nissangtr786 - All sells today bar 177 shares that have been buys. So circa 250,000 shares have been sold this morning. The ASK will now drop to 11.5p.

There is no volume today. But currently someone is sitting on the BID trying to accumulate stock. So far it's all sells today, but everytime a sell goes through the BID creeps up again. Atb Popeye

roger65 - You're welcome. I also look forward to seeing 15p. Hopefully it won't be too long.

starresnstoff - I suspect that GSA Capital may well have closed more of their short position today. They will probably go below 0.5% as early as next week. What is interesting though, is the fact that they started to close at 11p and not when the SP was at 8p. They have a duty and are accountable to their investors. Just a thought, but is it possible that GSA Capital would be aware if GDR had secured financing/funding??? It's food for thought.

Onwards and upwards. Good luck all. Atb Popeye.

GSA have now closed 204,000 of their 846,000 shares that were short. Another 642,000 shares to close. I do think this is relevant, because that short has been there a long time. It's certainly a positive the fact that they're now closing out of their short position. Good luck all who are still holding. Atb Popeye.

GSA Capital reduces their short again.