Member Info for roger65

Since July 16th when the company released an RNS stating 'the Company has signed a Memorandum of Understanding ("MOU") with SCHURTER AG ("SCHURTER") to work closely together on technology development and co-branded supercapacitor products', the share price nit .41p but has now dropped by over 40%. This seems like an extremely odd reaction in the share price on what can only be deemed positive news. Thoughts anyone? Are people expecting a fund raise? Is that why volume has dropped off a cliff?

Delivered by * Lorna

So how much will they go for this time and at what discount? We have been told it's coming by Laura as they will run out of cash after the EWT is done - and it's nearly complete.

Any guesses? I'll go first £6m at 0.5p by the end of September. And then another placing before Christmas delivered by Loran in her Santa outfit.

Agreed on your first paragraph but not the second. How can you say mcap of £15m is too low for a company making huge losses? It has just had a truly awful year owing to management failures and political events outside its control. Basically it was just run terribly and lucky to survive the challenges it faced in 2023. The new CEO talks a good game but he needs to deliver results and also hope that events outside the company settle down and go his way too.

And what of the ME family who are lending credit? Hmmm perhaps they will be the first to see significants shoots of recovery and make a move to take over completely? Interesting times for sure and a low level entry point on offer for the next few weeks/months.

Great day for what?

When is the next placing due? What discount this time round? 0.5p?

'shareholders will be given due consideration.'

Well they have considered pis and decided they don't like us it seems. We're going to raise again at another whopping discount. There, we gave you due consideration, and considered we don't need to be bothered by how this will affect any of you. Ta da!

another raise coming soon here once they've announced that Itumbula isn't commercial. What a huge 'ock up. They desperately needed something else to divert attention from Tanz and so diluted existing share holders in order to keep the gravy boat going. Next raise at 0.75? Don't think they've tried that one yet.

‘ Still climbing to 0.7p plus’

lol

Seems so odd to me if one was super confident about itumbula to do a very sudden raise to acquire something else. Why divert focus? Using the excuse it has to be done quickly have no one a chance to question or try to stop it. I’m afraid it does sound as if the BOD needed to quickly love something else up in case they knew Tanz was a duster.

Don’t want to get involved posting again but emerald, there are rules for take over bids.i posted s as link to the AIM TO rule a while ago which states any must at the minimum match the highest share price recorded within the previous 12 months. So 5.5p is not going to happen.

10%. Spread crazy

Lots of quite big sells in the first ten minutes or so this morning but since then mostly one way traffic. MMS refusing to let it ride though

It may indeed. Or it may not. Is this going to turn into one of those ramp fests for a few days? Glad the bods have addressed this issue as they must be desperate to be rid of CHCH too. Finally a recovery one hopes.

Laura - you know nothing. Absolutely nothing. And the last thing I’m concerned with is proving to anyone that my investment is genuine.

Undone by a stupid and conniving CEO! He obviously would not listen to any advice given him and then blithely did an interview one month before the company filed for administration without any word or hint that the company was in any trouble. In fact he said things looked good. Tony Burt as good as lied to the market but it’s what happens on AIM time and time again so if you invest in other stocks on AIM you just have to accept they’re all economic with the truth. Putting it mildly.

1,023,760 shares in my ISA worth £23,546.48

1,292,896 shares in my main account. £29,736.61

Both with HL and that’s at current Bid price of 2.3

To recover all losses (although I’ve now stopped counting as I started from scratch once the placing happened in May) I guess I need the share price to get back to about 12p. If I managed to regain 75% of losses I’d be grateful to walk away with a share price of 9p. You can see why I am irate and angry with myself for always believing in the potential. I would not wish my n luck on anyone else . As I say if I can recover some here I’ll be walking away from all AIM stocks asap. They’re fun when they’re running hot but mostly just a crooked casino with BODs rinsing pis again and again whilst over promising and under delivering massively. GLA

Because there is always the chance this could come good. Let’s just suppose they DO announce several more NHS Trusts are buying the machines and the income gets to over £1m per year, they also announce sales in several foreign territories totalling another £1m per year… then it’s easily possible I cd recover all my losses over the last five years. Either I stay in with that chance or I crystallise my losses. I’m now in for better or worse as I said but if no sales by end of September I’ll just accept I’ve made several terrible decisions regarding GDR and dump the lot. I did that not so long ago when the sp was 3.25p and then the placings were announced at 1.5p so I bought back every single share and more. At 5p I’d still not recovered 5 yrs worth of losses. Time will tell if I’ve been brave or foolish but for now I’m seething that the management have consistently rolled out the ‘potential’ Of numerous markets whilst not actually managing to make any significant inroads to any of them even though MT-RNR1 has now been available to buy in the UK and EU for over a year. Now, got a Sunday roast to prepare for after church. Have a good w/e all and above all good luck with your investments in GDR, which ever way you decide to play it.

And just for clarity, I owned 4.6m shares going in to the end of July. Once the sp started its decline and went under 4p I began selling. I’ve still got 2m shares and for good or bad decided I’ll wait until early October to see if sales appear. If there is ongoing silence and no sales by early Oct then I’ll just wash my hands of this stock because I fear they will end up in the same situation as March this year ie little cash left, massive monthly spend to meet of over £600k by early 2025 and a market that doesn’t trust them to deliver anything like their potential. All clear now Laura? Too many silly posters always taking of reversal etc based on nothing and being Uber positive without having the background knowledge and experience of being invested here for anything like as long as the likes of myself, bighammer and a handful of others.

I accept my frustrations boil over and end up with me wanting in posts and that won’t help matters but these Directors imo are not good businessmen, nor are they direct and honest. They deliberately obfuscate in order to keep their jobs and salaries to the detriment of ordinary share holders and yet these are the very people they come to when they’ve continually f.cked up for years the most basic skills of running a business ie control your costs and balance the books! Enough from me. I’ll let the rampers do their thing.

Thank you bigh. Nail on the head. I have far more here this than I should. Likewise HE1 who have just rinsed pis for a third time in 18 months with dilution at another massive discount. It’s always the management of these companies that does the damage and is why once/if I get out of these stocks I’m currently in (also CPX, KOD) with out too great a loss I will stay off AIM in future. I wish I had put all I had into RR two years ago when they changed CEO. It’s gone from 70p a share to 500p. Instead I put just £50k in there and left it. Others like IMB, LL and MSTR have all done incredibly well for me. With AIM there is the chance to make huge gains very quickly indeed but the MO for the vast majority of the Directors is to look after themselves first and share holders last. Start up companies and developing companies are on AIM because they need funding. Lots of it. I understand that. However, it seems they are all intent on being as economical with the truth as they can be at all times because things are hardly ever truly rosy. Huge dilutions for iis to make a quick Buck and continue their salaries hurt the pis most and I’m sick of it. Some are outright frauds and actually have nothing, the very worst being EUA which has just lied to the market for years and is now on the verge of going under imo.

I have never denigrated GDR’s products or the R and D side of their business but how, just how can any self respecting businessman run a company with such massive costs and no income, dilute its shareholders whilst asking them to rescue it, and still refuse to be honest about sales projections or answer an editable question about the possibility of the company going private?? No, this is all fair play in the AIM book. Par for the course. My thoughts on the company do swing per wildly but that’s because of the wild changes in its prospects. 6 weeks ago they were looking great. Imo we’re now starting to see just how badly the BODs have assessed the need for these tests. On paper yes, they make a lot of sense and would save the NHS amounts of money. In reality the NHS is in a critical state financially and simply don’t have the funds to purchase all the machines needed to do the genomic testing even just on MT-RNR1, never mind CYP2C19. I firmly believe if the NHS has bought it for hospitals nationwide then many foreign territories would have followed suit. This hasn’t yet happened. Manchester have bought it very quickly. Why not ask the others. Cheek showed his frustration and gave the game away imo when he posted that X msg asking why were London hospitals not buying. They’ve obviously been aware of the tests, been shown the machines but chosen not to buy/use them. Why else would he post that msg?? If they were negotiating or talking or even considering buying then he would have kept silent. He didn’t and so since then, again imo, I think the company’s prospects have nosedived.

I am now hugely frustrated and angry with t

You are 100% right bigh, the fundamentals haven't changed. More's the pity. The 'fundamentals' as you refer to them are in fact a whopping annual spend of minimum £5m whilst earning approx £250k. Tax credit of about £800k per year. DEVOTE Grant money now in and already spent. £6m raised in May and already £1.2m of that gone. Share price hit over 5p on NICE news but now down nearly 60% from those highs. Hmmm fundamentals need to change imv and sharpish if we're to walk away with anything from this car crash of a management team. Why in over 4 years could this company not reduce it's monthly spend? hmmm train and gravy are just two words that spring to mind...

What do people think will happen this week if there is still no news of any sales? Down another 10%? more?