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Actually thought the de Novo route was even cheaper than that. System, yes think yr £2m for normal route is about right and probably what will be needed for the CYP2C19 test. Let's just deal with one financial hurdle at a time for now.
When Gino said start of 2027 was that for the AIHL test or CYP2C19? I can't recall now.
Well, it can't get any worse can it? Surely? Mind you, many were saying that before trading resumed. lol Desperation does funny things to people. I'd love to walk away from this without a loss but have to be realistic. I've not been in for anything like as some so my posses aren't huge and I've only got £8k in now so could be worse.
Silence from the company, even though they said just recently they 'cannot wait to share even more announcements with you in the coming weeks'. Just a load of blx?
BlueToday 09:14
We will have a nice uptick today maybe we will see .12 today let’s see how it goes.
Looks positive.
So, if I have my positive hat on...let's play a little game. Just imagine there's a TR-1 that announces Elon Musk is the new owner of the 1.9 billion shares. Where do people think the sp would jump to? Again just for fun, let's imagine it rebounded up to 1p. Musk would effectively have bought two thirds of the company and been rewarded with an instant profit of £190m less the original £1.9m. It just can't be can it? I would be delighted for everyone here, esp lths.
Anyway, back to reality, we're red and sp is .09p. someone was saying they're about to 'let it go'??
I'm assuming who ever gave the £1.25m wants to get back at least that much asap and might then leave the rest in expecting a recovery of sorts. They will know more than we do about what's on the cards in these next couple of weeks/months.
If the funder managed to forward sell at least half of their shares the day the corporate update was released then they will have made a profit of between 25% and 30% on those. they could then have sold another quarter of those at current levels and still be in profit. I don't know how these things work but I assume shares were forward sold and once the funder get their money back they will either keep selling the rest of their shares for what ever price they can get for them or they will then let them sit there and hope for a further profit as the sp recovers. Make any sense?
GST isn't on AIM but I've said it before the way the BODs run the company anyone could be forgiven for thinking it was.
Hopefully the BOD can now release some further good news to help recover the 25% losses existing share holders have endured this last week. GLA
I'm assuming who ever gave the £1.9m wants to get back at least that much asap and might then leave the rest in expecting a recovery of sorts. They will know more than we do about what's on the cards in these next couple of weeks/months.
If the funder managed to forward sell at least half of their shares the day the corporate update was released then they will have made a profit of between 25% and 30% on those. they could then have sold another quarter of those at current levels and still be in profit. I don't know how these things work but I assume shares were forward sold and once the funder get their money back they will either keep selling the rest of their shares for what ever price they can get for them or they will then let them sit there and hope for a further profit as the sp recovers. Make any sense?
GST isn't on AIM but I've said it before the way the BODs run the company anyone could be forgiven for thinking it was.
Hopefully the BOD can now release some further good news to help recover the 25% losses existing share holders have endured this last week. GLA
GDR has some cash in the bank at the moment. I think it can last for about another 3 months... It will get another tax R&D refund of hopefully about £1.2m again next March. If AIHL test sales continue to ramp up perhaps that could even bring in £500k before the end of 2024.
That means GDR only needs to raise about £3m to have enough funding to see it past the point where CYP2C19 will gain FULL recommendation from NICE and at which time surely the sp and mcap will rise significantly?
What we don't know is how much money is needed for the FDA clinical trials or the FDA De Novo application. We have been told it is much quicker and cheaper than the usual routes so here's hoping we avoid the worst case scenarios in all aspects and can finally believe we are turning a corner to better times..?
Well said Guy. 2019 for me, but I sold out earlier this year and am now back in to try and recover losses.
But no, they’re right, we should be grateful and stay silent and not say a word about the appalling mismanagement and dismal performance in share value .
Anyway, I do actually think we’re close to something major here. Whether that’s admin, going private or a big spike and funding announcement I’ve no idea but one thing is for sure, GDR can’t survive for more than a few months as things are. Cheek resolutely refuses to reduce the monthly bill from £400k so he must have a plan….we just don’t know what it is
If this was on NASDAQ it would be 10 times as much at least!
Sounds like a good idea to me.
Disappointing think GST haven’t applied for FCA approval yet. Many on here suggested this was imminent and that we’re just waiting for the last piece of the puzzle to fall into place. Patience
Giovs - from the RNS 'Maxwell has applied to the Court for an extension of time to lodge an application for a claim of costs against CAP-XX. This claim will be for court-related costs only and will not include attorney nor expert witness expenses. This filing was procedural and does not substantively impact CAP-XX and only came to the attention of the Çompany and Board in the latter part of last week. Although the claim is expected to be minor in relation to the total Maxwell legal expenditure incurred, CAP-XX is in negotiations to ensure that this issue and all litigation matters with Maxwell/Tesla are resolved in a cost-effective manner and as soon as possible.'
It does not state 'NO costs involved for CPX'
No, just re-read the RNS from Feb 28th. It's them filing for cpx to pay their legal costs, although the RNS does state it's not for their attorney's costs or those of their expert witnesses.
Ok so a chunk of the recent funding is going to have to go on this as and when it's settled. I hate to think what else could come out of the woodwork at any time.
'We cannot wait to share even more announcements with you in the coming weeks' From the company in mid April.
Please don't hold back....spill the beans Lars.
I read that one of two ways....
Extending time so they can pay cps's bill or extending time for them to submit their bill to cpx which cpx has to settle...
Which is it? Anyway, I thought we were told there would be no more costs or legal bills to pay.
£8k left in here. Sh.t or bust now. AIM same old sh.te. Hoping for a miracle but evidence points to the contrary.
Today does not make any sense. Huge amount of shares bought. Huge amount sold. Who would have offered the funding and then sold at lower than the offer price? Not one single person posting here today has a clue what's going on. Me included. We're all pi55ing in the wind and Lars and mms are loving it.