Member Info for stephen11

All resolutions not only passed, but emphatically passed - yes votes of between 93-97% for each resolution.

How did the meeting go?

Agree with the comments below ⬇️.

What’s the best way of holding the company to account over salary, bonuses and false promises?

Genuine question as we’ve been having these conversations for a long time? It’s all rinse and repeat?

Walbrook are useless and give generic answers akin to politicians. Russ Shaw got a low vote at the last AGM and no action was taken.

On Monday?

I have other commitments on the day so unfortunately cannot attend.

Hopefully some of you can hold a mirror up to the board on the salient issues.

Cashburn, lack off sales, delays in National commissioning, Directors Salaries etc…

GLA.

Stephen11.

Thanks for the update David and welcome 😊

Totally agree Choochie,

We don't want vague responses that like the ones we've all seen from Walbrook in the past. Additionally, shareholders are sick of the goalposts on sales generation constantly being changed - no more jam tomorrow stories.

GLA.

Stephen11.

Bring plenty of questions with you Amers, to hold the Directors to account.

How can they justify there salaries might be an example!

I.e., the results of the vote?

Will it be the day of the extraordinary AGM, or later?

Hi folks,

Don't think GDR will be an easy ride, although fortunes can change - £4.22million is a crazy low Mcap - the intellectual property is worth far more alone.

Let me give you an example: "Immupharma Plc Ord 1p is listed on the London Stock Exchange trading with ticker code IMM.L. It has a market capitalisation of £72.96m, with approximately 499.72m shares in issue. Over the last year, Immupharma share price has been traded in a range of 14.15, hitting a high of 15.00, and a low of 0.85."

Imm went from a low of 0.85p to 15.00 in the space of a year - a 1664.71% increase (It now has a £70million MCAP)

GDR went from around 4p (when Covid hit) to £2.00 on speculation of FDA approval - a 4900% increase.

Food for thought - stranger things could happen when we are EBIDTA positive next year.

GLA.

Stephen11.

Welcome back Eureka01.

Good research Lionel - thanks 🙏 for sharing.

Follow this process with HL Rud20:

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I’ll stand corrected if I’m wrong Jimi - I thought it was based on the highest closing SP over the last 12 months?

I’m confused?

If a takeover happens in further months you apply the same rule - buyer must pay equal to or higher than the highest Sp in the last 12 months.

The 12 month rule would still apply Junior.

Take a look at the 12 month SP graph. The Sp hit 2.95p last October 24 - that’s what a buyer needs to pay, irrespective of placings or current SP.

Hi bootnk19222,

A lowball offer of 0.5 - 1p would not be accepted as it would breach AIM rules. Any offer would need to be equal to or above the highest price paid over the last 12 months which is 2.975p.

Look this up yourself if you like:

1. Price Matching – Highest Price Paid within 12 Months

Under Rule 26 of the AIM Rules, any offer under Rule 9—triggered when someone (or their concert party) acquires 30% or more voting rights—must be made in cash at the highest price paid by the bidder (or concert parties) for any interest in the target's shares during the 12 months prior to the offer announcement.

All the best,

Stephen11.

Prof - for the record i made one post saying that i would vote NO, in the heat of the moment and out of sheer frustration. Frustration that many long-term-holders are feeling.

However, pride won't get in the way of me making the decision that i believe is best for my long term interests.

Anyways - you do you, and i'll do as i see fit.

Hi Folks,

Despite my anger and frustration at the pace of commercialisation, overinflated Director Salaries, and the companies failure to control the cash burn I have voted a big fat YES for all the resolutions. On the other hand, i cant say I'll be voting YES at a later date to re-appoint the Directors.

I'm not posting to influence others, but just to explain my rational for voting YES.

The way i see it is, voting NO would be a bit like a "Turkey voting for Christmas" or a person "biting their nose of to spite their face". In other words, a scenario where individuals act contrary to their best interests.

Yes, I'm as angry as anyone about the lack of comms from the company and the constant moving of the goalposts, but voting NO is not the answer. I've seen companies go into liquidation in the past and it can be a long protracted process with little return for private investors.

Voting YES is the best chance i can see of recouping my paper loss, when the company become EBIDTA positive and put in an FDA application.

GLA.

Stephen11.

Ps....in the mean time this company is just going in the bottom drawer. It went from 4/5p to £2.00 during COVID, so stranger things could happen than a revival next year.

Hello Amers,

If you could ask the directors to take a pay cut until the company is EBITDA positive, that would greatly appreciated.

Stephen11.

thanks johnlay****, eureka01, and jimihendrix:

it would be nice, for once if gdr became more transparent about what actually is going on, rather than us all having to be like inspector morse.

eg., thankyou john for sharing the info from nice - i'm sure gdr knew all this yet haven't informed the market. all this was cleverly omitted from the trading update.

i'm writing this share off and leaving this in the bottom drawer - no shame in this - been investing for over 30 years - its not the first time this has happened nor will it be the last, although fortunately i've had better luck along the way elsewhere. this might all come good one day.

faint heart never won fair maiden - great products but **** management.

unless things change i won't be posting again - i'm not wasting anymore energy with gdr.

best wishes to everyone - even the ones i may have had the odd constructive discussion/argument with.

ps...i'll be voting against all future shareholder resolutions.