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What good news are you expecting?

They have no sales and no prospect of them until and unless NICE recommends the stroke product. The announcement of which has just been delayed until who knows when. But knowing NICE it won’t be soon.

And they have all but run out of cash so will need a highly dilutive raise imminently which will likely be at a price well below the current one to get it off.

Yeah, the price is going to 15 before the 30th…

Dream on, bud.

Maybe you are all right and this is the turning point.

Personally I fear bad news on 30 November and I won’t buy in until that day is safely passed.

They need to find some funds urgently to keep the lights on as they are burning cash at a prodigious rate. That likely means a cash raise at a discount to the current price and a huge dilution.

The risk return just isn’t there for me at the moment. At least until the results are out of the way.

Yeah the last CEO was a disaster!

That’s reason enough…

You’ll learn!

If I could count the number of traders here who’ve tried to pick a bottom…

Well that is pretty catastrophic news for the short term share price. Now surprise we are in free fall.

I don’t see a bottom presently, there’s nothing to prop it up. All the short term traders who got in hoping for a NICE bounce will have got out or will get out if they’ve any sense.

What can they say in the Results Presentation? There will have to some discussion about the risks of the business as an ongoing concern, and a cash raise well below the market price at the end of November.

What do we think? 2 maybe?? To get the raise off? Then the price will sink to it.

If you want to play a NICE bounce after this delay THEN is the time to get in.

The Chewbaca guy on here trying to pump up the stock must be desperate to get out. There is no sane reason to buy now, going into this tornado of bad news.

If you see it at the time it’s foresight, not hindsight!

No one is asking for my advice, but I’ll give it anyway. If I had held all the way down I wouldn’t sell now. I doubt that this is the bottom, but it is likely to be a relatively small loss compared to those incurred so far, and there might be a reversal.

IMO the stock is treading water/drifting down until the Financial Results on 30 November. Everything depends on what is announced then, obviously.

But I think that bad results are already priced in. What is less certain is what refinancing there will be, if any. My guess is that there will be a hit probably because of that, but then the stock price will reverse in expectation of positive news from NICE. And since it is so beaten down it might rise quite a lot from the day of the results till the 21 December.

I expect to be in the stock then and will sell on that day. If the results from NICE are good (unlikely but possible) to take profit. If disappointing I still expect to get out pretty unscathed and maybe even for a profit if there has been a run up as I’d hope and expect.

If you are a LTH I’d think twice about holding further after 21 December unless the news was very good. I’d swallow the huge loss, dust myself down and forget about GDR.

All this is very tentative obviously. It depends upon news we just don’t have yet and will need to be adjusted accordingly. It’s very broad brush.

TLDR if you are a LTH you are screwed anyway so you might as well hold. But that doesn’t mean if might not get a lot worse if the refinancing doesn’t work or if NICE aren’t very nice.

This is obviously an unpopular opinion but no one forced long term holders to hold onto this falling knife. If I’ve said it once I’ve said it a hundred times GDR is a trading stock, not a long term hold. Some of us were advising selling at three times the current price. And the shills on here roundly abused us for it. But who was right and who was wrong?

If you hold a stock right though this kind of decline you’ve only got yourself to blame, I’m sorry. Learn from it and don’t ever make the same mistake again. Set a stop loss, it’s really not complicated.

The share still looks weak.

I wonder if it will keep drifting down till the 30 November? Hard to see a reason to buy in before, as any hope of a NICE based run up will likely be stymied by fears over financing till then.

What exactly does GDR have to offer? Are we talking about further massive dilution to keep the show on the road? With millions more shares getting dumped onto the market?

I haven’t “invested” yet Gloria!

In point of fact GDR isn’t an investment at all. It’s a trading opportunity. For a long time that trade has been short. Maybe it still is.

But stocks don’t go up and down in a straight line. I’m thinking aloud here and wondering if there is a short term trade to the long side, that’s all. And if I were to get in, there would be a semi tight stop loss and very short term time frame.

I have no confidence in this company long term. None at all.

Just came back from a fortnight away and I’m embarrassed to admit I thought I might miss a move up while I was gone! That looks laughable now as the decline has continued in my absence.

I didn’t get in but I’m thinking about it now.

Objectively holding this stock is madness. They have no sales and no prospect of sales. They are years away from any approvals from NICE and anything from the FDA is a pipe dream. They have been burning cash and even the death spiral funding has dried up so some sort of refinancing is essential.. The last CEO was fired and the new one has done nothing that we know of since he took over.

So why do I think it might be worth getting in? Isn’t it crazy?

It might be counter intuitive but I love the negativity on here. I prefer to buy when everyone hates a stock and sell when it is loved.

There isn’t a logic to it, but I can see a suspension of disbelief in this company in the run up to the NICE review in December. With the hope that positive news will save the company and lead to a refinancing. It doesn’t have to actually happen, the hope will be enough.

Having said all that the history of this board is littered with posters who thought they could anticipate a trend reversal and lost money. It’s such an illiquid stock and the spread is so wide and the trend has been down down deeper and down…

Well I am off on holiday for a couple of weeks and won’t be trading.

It will be just my luck if there is a pre NICE run up which starts over the next few days, but I’ll have to take the risk!

To me it looks as though buyers are still thin on the ground. A few small time retail traders have appeared over the past few days, but they don’t indicate anything. The price has gone nowhere.

We’ll see. I do expect a run up before the 20 December though. The problem is that it could well go down a couple of pence before it goes up and that is a 25% drop in value! Better to catch it on the way up rather than try and pick a bottom in my view.

It should have a relief rally pre 20 December, but I expect it to be short lived. If NICE follows precedent there will be a conditional approval at best. Needing more data.

Yes.

We get on the back of the management of the company for being so clueless about business, but NICE is equally to blame for the situation GDR is in. Let’s not forget they have tremendous, life changing products it is criminally ridiculous that it has come to this.

It’s like the FDA, a Government bureaucracy cautious to the point of fault. Terrified of being wrong, and therefore being wrong in a different way (but one they can never be blamed for).

Compare that to the way the regulators rushed through, without any caution at all, the COVID vaccines. Which they knew at the time were dangerous to a few people with heart conditions.

Indeed the Astra Zeneca vaccine is now not regarded as safe just about anywhere in the world as far as I know. Certainly not here in the UK..

NICE needs a rocket up its (rhymes with farce).

Yes but he has been completely right hasn’t he? Whichever persona he chooses to use.

Whereas you have been foolhardy to hold onto this falling knife, Stephen, haven’t you?

Extremely stupid.

Maybe he doesn’t have a GDR game plan to announce?

If there IS a strategy now would be a very good time to share it with shareholders, let’s put it like that…

We’ve broken 10, wow. There is literally no bottom here. The market cap is still way too high.

More dilution just announced, millions more shares to be dumped for whatever fire sale price they can get.

No hint of revenue, no near term prospect of regulatory approval. Huge cash burn month after month after month requiring desperate raises just to keep the lights on a little longer.

If you are still holding (why??) I’d still advise selling. 9p is better than 0p and you can take the tax loss.

I can remember when the term “death spiral” was first used and the legion of pumper savants laughed.

They’re not laughing now.

Thought I’d pop in to see if there is any life in the stock.

It doesn’t look like it!

Not even the pumpadump crowd are claiming we have any sales worth mentioning. Or prospect of them.

This Devote funding just announced isn’t going to touch the sides at the current rate of monthly cash burn. Surely there will have to be a refinancing?

My take is that the expectation of this by the market is what is weighing on the short term share price.

Which makes sense, logically. It would have to be at a discount to the current price to be a successful raise. And of course highly dilutive to existing shareholders.

Why get in now (or indeed hold) with that on the horizon? Far better to why until it is safely out of the way.

And that’s even if you believe in the company long term.

I’ve been saying there is no bottom to the share price since the low twenties and the pumpadump crowd haven’t just laughed they’ve told me to STFU as I don’t have an investment here, and my words might endanger theirs!

That would be hilarious if it weren’t so sad.

Anyone still holding this before the refinancing deserves to lose money. I’m sorry to say that but it’s true.

Indeed. Anyone who excluded critical voices to listen only to pumpers whilst the stock crashed and burned, fallowing to earth in slow motion, would have been VERY foolish. And considerably poorer.

This isn’t complicated. Try and buy on a long term uptrend and set a stop loss so you don’t get a big and catastrophic loss. That’s all you have to do with this and every other stock you trade.

The joke is that the verboten list should actually be of all the pumpers! THEY are the posters to be ignored. “It’s just a paper loss. Soon it will shoot to da moon.” Ya de ya de ya. As people’s accounts lose more and more money. It’s really bad when you think about it.

How did I miss this? Well I don’t have shares here any more, and I am focused on other investments at the moment which need my full attention.

But I can’t help but be interested in Budd getting whacked. As some of us have been saying, it’s about time!

This has to be good news. It has to be. I’m still keeping my eyes peeled for a placing, but there is hope of some momentum for the company at last. Some strategic direction.

My word it needed it. Needs it.