Reasons to be both cautious (short-term) and optimistic (long-term)17 Dec 2021 10:13
Here's how i see things - just my opinion and open to debate.
1/ Be cautious (short-term):
- The market is, naturally very suspicious of Mr Budd, due to his failure to bring products to commercialisation and sales
- Some perceive GDR as an innovative company, that fails in the areas above
- To many well documented false promises and missed deadlines from Mr Budd (influencing confidence)
- Lack of communication from GDR (especially over the summer, then placing)
2/ Be optimistic (long-term):
- The new Covid-19 tests seems to be right product, right time, right place (world beating in fact)
- News on UK validation could arrive anytime
- Orders might flow in early January (as customers would usually use up previous suppliers products first)
- News could drop before Christmas regarding the hearing loss product (another world beating product)
GLA long-term holders and i hope point 2 comes to fruition, and i'm proved wrong on point 1.
Stephen11.