Two positive indicators - Director Buys and Commercial Traction19 Mar 2025 10:50
@@@@@Director Buys@@@@ - most recent 20th December 2024
If your on the fence or doubting the future - look at the indicators. The Directors and Senior Management team have spent £99,314 to purchase 5.09million shares in the recent past. Do you still believe a placing is imminent? i'd say not!
1. Dr Ian Gilham - Non-Executive Chairman - Bought 225,000 shares @ 2.344p for £5,274.00 AND 1,000,000 @ 3.1 for £31,000 on the 15th August 2024
2. Dr Gino Miele - Chief Executive Officer - Bought 1,135,208 shares @ 2.200p for £24,974.58
3. Russ Shaw - Chief Financial Officer - Bought 1,000,000 shares @ 2.189p for £21,890.00
4. Patrick Breen - Chief Commercial Officer - Bought 509,136 shares @ 2.195p for £11,175.54
5. Tom Lindsay - Non-Executive Director - Bought 222,222 shares @ 2.250p for £5,000.00
****Commercial Traction****
From a previous company RNS:
"if converted, would see a significant step up in revenues during calendar year 2025 and a reduction in the level of cash burn.”
Its called "economies of scale" and is being realised as the orders start to flow, as we are seeing. The purchasing department will be hammering suppliers for discounts on raw materials as bigger orders arrive in.
I'd say a commercial loan facility is more likely around September 2025 than a placing.
With National Commissioning, European Registration, possible sales from the Middle East and FDA application imminent, the future is very bright - we are on the cusp of something really special.
GLA.
Stephen11.
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