RE: UK Gov 100 Day Mission Update10 Aug 2023 10:35
Nissan, of that £5m offered by RF they have only managed two drawdowns of £300k each and I suspect RF will now put a stop to those as Budd is proving daily he’s not capable of reigning in finances and delivering good news. Quite the opposite.
GDR have only got £2.6m from RF and we’ll have to dilute current share holders further to make sure RF have their final allotment of shares. So, with what they had in the back at the end of March, tax refunds, £2.6m from RF, sales revenues and hopefully something from DEVOTE funding I think GDR will be ok to mid 2024 at the very least.
Either RF will do a smash and grab job by obliterating the sp for a couple of weeks and then demand however many shares they’re entitled to, allow the sp to rise until they get their investment/gamble back and they’ll dump their shares as soon as they can.
Looking very grim atm. Well done David Budd. Really, an extraordinary performance as CEO over these last three years. Needs to go now!