RE: LinkedIn26 Jun 2022 11:02
Ooh I think that means the sales team can take another well earned fortnight off…as far as advertising goes it’s fairly epic you have to admit, really pushing the boat out and going after those much needed sales, which, let’s face it, will surely be rolling in once people see this.
Budd is going to need a pump in the sp so he can get the next fund raise out at a half decent price. Based on no evidence of sales though I’m not confident this latest little rise will go any further unless he’s planning a news release of sorts to jump start the pump. I imagine he’s going to try very hard to convince the market a raise at 25p is fair but personally I think he’ll struggle. We can’t just sit doing nothing and selling nothing for another 6 months eating into the cash reserves. We need income in order to target the US market. With no sales GDR can’t afford to spend £2m on getting US approvals and wait for at least another two years before it can be sold there. Money will run out. Just my opinion of course.