Member Info for stockpickfree

Well it’s not been a good day to be a holder of this stock, not going to deny that. There’s been a big paper loss during the course of it.

But it might prove a VERY good one to be a buyer…

I’ve said many times that I’m not a fan of averaging down. Four times out of five it works fine, but there’s a circa 20% chance of losing a lot of money even with a tightish stop. Essentially you’ve thrown good money after bad and overridden your initial stop loss.

But there are situations where that very wise trading rule might be broken. Special situations. And I think this is one of them.

Hope I’m right!

Could we have news of that DEVOTE funding now, Genedrive?

We’ll see!

You can’t obsess over the minute by minute movements of a highly volatile, thinly traded stock like this!

We have DEVOTE funding or there wouldn’t be scientists being hired on the back of it as I write this, the announcement of that could come any minute, literally, and when it does the stock will have a significant relief rally. This is as certain as anything could be in the stock market. It is nailed on.

Now is a time to hold and/or buy. Not to sell. It’s as simple as that.

In fact it is the best of times to buy. The disconnect between the current market price and the company’s soon to be financial position is creating a lucrative trading opportunity.

Unlikely in my opinion.

Hard to see why you’d go short, or indeed sell any of an exiting holding with the DEVOTE news coming my day.

As we all know this stock can really fly, and what goes down must go up, as the old saying has it.

Great moment to buy, actually.

Stars

Why do I think that DEVOTE funding will be game changing? Because I have a substantial position in the stock presently and have a vested financial reason for it to appreciate in price perchance?

:-)

“Game changing” is perhaps to use a little poetic licence, but you have to remember the position the company was in before this funding became nailed on. We were approaching a stock price below which even River Fort would not offer a further financial drawdown.

We have comfortably bounced off that price point, and will have additional funding to extend the runway whilst sales are achieved. You deprecate the amount it might be in your subsequent posts, but we none of us know the amount we have been granted here. It’s just wetting a finger and pointing it at the wind. They could have other projects funded for all we know. There is a significant potential upside that you are not in a position to accurately decry.

More, I have run a small charity in a previous existence and been given grants by quasi governmental bodies. These are incredibly bureaucratic entities and the approval process is a complete balls ache. They crawl over your accounts and the current and future funding you have in place, to copper bottom and belt and brace the money they are giving you..

It is a significant vote of confidence in the company if (as now seems certain) we have this grant. I expect a significant rise in the share price from here even In anticipation, let alone the grant notification itself. That’s why I got in. That and the price action which suggests the news is already leaking. Why else the recent rise?

It’s a good time to step away from the stress of day to day market moves today and reflect.

To try and make sense of what is happening now the market is closed and we can think more calmly and clearly.

I’m not concerned with agonising over huge trades and whether they are buys or sells. They are obviously both! The key thing is that there is volume and the short term trend is incontestably upwards.

The big question is, are we witnessing a trend reversal? Because that is when the big bucks are made.

If I knew the answer to that I d go all in. And if we continue to go up I’ll add more. But as things stand I’m sitting on a large position and awaiting events. We have clearly got DEVOTE funding and that will be game changing.

You have to love the adrenaline rush of the stock market…

I bought well in the teens, but nowhere near the low. I missed the bottom of the downtrend by quite some way.

It’s very hard to do with a trend reversal like this. Not impossible but mostly luck.

In my opinion it’s better to be slightly late into a new trend than too early whilst it’s still dropping.

People get way too emotionally invested for and against their particles stock du jour, and start attacking posters who disagree with their interpretation of the trading situation. I’ve done it myself.

But really it’s just numbers on a computer screen. You’re not going to buy at the low and sell at the exact high. If you make money be happy with that.

And when the situation changes admit you were wrong and consider things afresh. Because we are all of us wrong a lot.

I’m back in with an uncomfortably large position.

This looks like a trend reversal to me. Maybe I’m wrong but I’m not worried by the end of day action.

I think the stock looks very good short term. The bleeding has stopped and the shorts have lost control.

We’ll see!

Get a grip, my friend.

Don’t tell me. The moon landings were fake too.

It’s actually become a little sad.

You know the barrel is REALLY being scraped when the pumpers pretend (or perhaps sincerely believe??) that there have been more buys than sells this week and the current stock price is a wicked conspiracy against them.

It would be laughable if it weren’t pathetic.

I wonder if MyIPA would run his own personal finances the GDR way?

“My rent and utility bills and food shopping burn £4K a month out of my far from meagre savings. I have no job and no prospect of income coming in the foreseeable future BUT I expect a tax rebate of a fair few grand at the end of the year, so there’s nothing to worry about. Don’t forget the possible tax refund it will make all the difference!”

Quite.

And that was the meat of my question which MyIPA refused to even address, let alone answer.

The RF deal was completely and utterly terrible but was the best they could get, one assumes. If they could have got better they would have.

Next year will come round in a heartbeat. If there are still no meaningful sales by then what further financing deals WILL they have access to? The options look appalling.

There will be spikes, but without sales this share price is going lower. A lot lower. There’s no floor. The Rubicon of 16p looks very close to cross now.

The silence is deafening.

Your refusal to answer my simple (but serious) question speaks volumes.

You longs try and take the moral high ground, but your behaviour is actually reprehensible. Trying to suck novice investors into this “investment” without allowing the HUGE risks to be pointed out, (shouting down and insulting those who do so, indeed) is disgraceful.

It’s not a “meagre” cash burn, it is £400K a month. Meagre?? What planet are you on?

This burn is so “meagre” that with their current cash position they won’t be able to pay the staff’s wages in mid January, unless they can get some tax rebates. And even if they do, that won’t postpone the reckoning for long.

The employees can’t pay their mortgages with promises. Being told the cash burn is only “meagre” doesn’t put food on their tables. The situation is critical . They need some revenue now.

Otherwise they are burning four hundred thousand pounds this month and the next month and the next. In only 12 weeks time from now spiffed away another 1.2 million quid. 12 weeks! But I take your point, it’s only “meagre.”

If the share price falls below 16 they can’t access the rest of the drawdown from RF. So where is the money to prevent a fire sale or bankruptcy going to come from?

Serious question. What’s your answer?

I never understand this. You often hear the accusation on these boards though.

Market makers are there to manage the liquidity, and conduct an orderly market. They aren’t some bunch of nefarious ne’er do wells. The reason the share price has collapsed over the past few days is than there are fewer buyers than sellers. It’s that simple.

Market makers can’t manipulate the share price over several consecutive days, whatever BB conspiracy theorists maintain.. Nor would they want to. They make their money whether the price goes up or down.

well hang on a minute, star! according to stephen11 that’s just ****e.

how very dare you. you shouldn’t be coming up with all these facts about the river fort death spiral arrangement. hush your mouth, we need one of the “long term holders” to tell the real truth about something as serious as gdr’s financing situation.

joking apart, it seems that river fort aren’t that keen on their own death spiral. who saw that coming? . so even venal, feral, corporate loan sharks don’t want to stump up the cash for limitless glasses of budd’s champagne if the share price price falls to the levels we are rapidly approaching now.

i don’t know about any of you but i’m amazed the share price has been in complete free fall these past days if we are really about to be that short of liquid cash.

but i’m expecting budd to put down his champagne goblet just in time to sort everything out. he’s good like that.

No I don’t know for certain.

But let’s face it the share price could break 16 any day now. There is literally no floor, all the support levels have been breached until we get into single figures.

So it’s very much a live issue. We need to get it clarified.

Is it just me, or do others get the sense that Budd has lost control of events? That he doesn’t know what the heck he is doing??

No-one is stopping you guys discussing the company and its prospects.

In fact, why don’t we two, have a discussion here and now? And indeed others can join in, if they wish.

What is your response to Star’s point that in his understanding GDR can’t do a further drawdown from River Fort if the share price falls below 16?

And that in that case they only have a cash runway of seven and a half months at current cash burn.

Is he correct? Yes or no?

Assuming he is, what do you think the company’s strategy will be re it’s cash position if we fall below 16? How will they keep the lights on and Budd in champagne?

Serious questions. One might even say quite pertinent really.

What are your answers?

I’m looking to buy back in before the next spike and I make no bones about it. There’s no artifice here.

.

I’m sorry, but this board has become laughable. It’s turned into Alice through the Looking Glass. Nonsense has become truth and truth nonsense.

Posters talking perfect sense are attacked as a coordinated team of trolls. We make predictions

(I said to sell on a spike and buy in lower, and was attacked for my stupidity) which come true.

Long term holders are encouraged to keep carrying their bags, as the value of their holdings melt like snow in the mountainside in Spring. And we are told that that is sound advice, not the suicidal nonsense it clearly is.

When a stock has broken resistance and is in free fall don’t cling to it! Sell and buy back in nearer the bottom. I’ve consistently said this. I’m right, and it isn’t too late to listen because there is nothing to support GDR till we get to about 8. That is more than 50% below where we are now!

Sell and live to fight another day. Don’t listen to those who claim to have your best interests at heart but are dragging you to your doom.

Remember that River Fort HAVE to unload their shares every month. And we have no sales in sight. For years if ever.

The stroke test isn’t unique, (although thee GDR variant is superior to its rival a coding to posters on here) and if he doesn’t get a move on someone is going to come up with a viable alternative.

Time is NOT on GDR’s side here. They need to get a move on or some nimbler company will steal their lunch. Perhaps even with an inferior product that conquers the market. Who knows?

The fact that Budd has been too busy quaffing champagne on our death spiral dime to file an FDA application is unforgivable.