Member Info for stockpickfree

This is all very well, and I totally agree. On a Fundamentall basis there is no revenue or hope of it even medium term. Meanwhile RF need their pound of flesh to pay for Budd’s salary, and will dump into an illiquid marke,, driving the stock below ten probably.

BUT we are going to see nice short rallies along the way, giving all of us the opportunity to make money as the shorts cover. These will be linked to the NICE stroke approval process IMO, with the next one due in early June.

I repeat my advice to LTH’s. Sell on one of the spikes, and if you really believe long term get back in with up to twice as many shares as you now hold, as near to the bottom as you can get.

It’s got a market cap of £21 million with (effectively) zero sales ever and just a few months of runway left unless there is another huge drawdown from the death spiral finance. Increasing the dilution to keep the lights on, and Budd in champagne.

It’s not priced to fail! Arguably, it’s SIGNIFICANTLY overvalued. Propped up with hope and froth. Even if they sell the hearing test that has been approved by NICE, the addressable market is tiny. Nowhere near this humongous market cap of 21 million.

By all accounts the product IS very good. World class indeed. So why no sales, anywhere in the world?

Serious question?

Yes, sales are needed. GDR is burning cash at a prodigious rate month after month and without revenue VERY soon the stock price is going to be a long way south from here. There will be speculative spikes as we have just seen, as news is announced, but it won’t be sustainable long term without sales.

And you are addressing the wrong target when you attack traders in this post. We provide much needed liquidity. Long term holders just sit on their hands and offer nothing. Your shares are under water and dead.

Someone has to provide the market for Riverfort to dump their freshly printed stock into every month, to pay Budd’s huge salary in lieu of any real company income …

Gotta say I bought two days ago (didn’t get the bottom for any means but it was OK) and sold on the spike.

This is a great trading stock. I mean really good. I’d love to hold it longer (because you get much bigger gains on a long term move) but I don’t trust it right now.

It’s time for that will come IMO, but not yet.

Maybe I’m wrong and sold too soon. But I was very happy to trouser some profit on the spike and head for the hills.

MIKODX

You are completely right that the approval process is long and complicated.

So what isn’t it more in hand? The sooner the approval process is started the sooner we get potential sales. There’s no time to lose, where is the urgency?

The USA has probably the biggest market for Genedrive products in the world. Why hasn’t the FDA approval process started yet??

Far from being a defence of the company, your observation that approvals take time is a actually in itself a criticism of it for not even starting the process yet. Especially in the US.

Maybe. Maybe not.

I see that my post saying how well Budd promoted the company at the Shareholder’s Meeting has been lost.

You can censor this message board, longs, and turn it into a self reinforcing echo chamber if you wish. But you can’t stop people seeing the share price every day.

That was me amongst others. I sold out Roger, gotta admit.

I was about to have lunch with a friend so wasn’t watching closely and when I finally called it up on my phone and saw a 10.55% increase I sold blind. No time to see what if anything had been said. In and out in less than 24 hours.

So I made a profit, nothing earth shattering, but more than welcome, and didn’t regret buying it yesterday as you had told me I would!

But I sold because I have absolutely no confidence in the company short term, as you imply. Long term perhaps, but not short term. As I always say this is a wonderful trading stock.

A long term hold. Not so much.

I already have buyer’s remorse! Oh well it’s only money, sigh. So stupid of me as I said at the time…

I wonder what he WILL say? Aren’t shareholders going to give him a hard time if he comes up with his usual, content free, jam tomorrow, shtick?

But I’ve taken a punt today and taken a new position. Probably an insane thing to do with sales so seemingly far away, but I couldn’t stop myself.

My rationale? Supposing they say something positive at the meeting? Maybe they want to some of this three million to start an FDA application? It would make sense, right? Or there could be movement on sales but that is a real stretch…

I know we all think Budd is utterly useless and incompetent, so maybe I am crazy. But we also all saw this week what can happen to this stock on the slightest rumour.

If I’m wrong I’m wrong. And will lose some money. There will be a further sell off after Budd comes up with all his usual platitudes and and we will decline more until there is some meaningful news.

But why not make an FDA application if they truly have ambition for the future? They have had the preliminary discussions, they know exactly what they need to do and now with this three million they have the necessary money.

Sure, it will take an age to come to fruition but the fact they have even started the process will cause the stock to fly.

There were probably longs buying on Friday but mostly it looked to me like a short covering rally.

If that is right something spooked them and there isn’t necessarily any news. Time will tell, obviously.

Star

What would change your mind? I’m thinking especially of the NICE submission of the stroke product? Why are you looking for contrasting views?
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It is no secret that I think it is safer to be out of the stock short term. As you say there seems no likelihood of significant sales with the NICE recommendation as it is and the NHS so inefficiently and chaotically managed and strapped for cash.

And if they can’t even sell into the NHS after a NICE fast track authorisation what hope is there for Europe or the Middle East? Let alone an FDA submission which we were tantalised with at the November call before it was dashed from our lips a short while ago. That seems to be going nowhere fast.

I’d thought DEVOTE funding might be a catalyst but that seems to be yet another false hope. And even if it is achieved how much will it even be?

So it come down to the upcoming NICE recommendation. That’s my hope for a speculative run up. Exactly what is it that makes you think there is no chance of quick sales for that product? It is just a lengthy process and that’s that? There is no way it can be accelerated?

You’re welcome.

I was in Cloudtag and with incredible good fortune got out, for a small loss, just before it delisted. Not an experience you ever forget.

I’m not saying this will be delisted. Who knows. But it is too risky for me.

Xviolet

Take a look at the message sent at 7.39 on 18/2…

https://uk.advfn.com/stock-market/london/red-leopard-RLH/share-chat?page=182

Xviolet

Money wasted, IMO..

Do you know which two companies EISB now reminds me of? At an earlier stage in their life cycles?

Cloudtag and Red Leopard.

Probably just a coincidence.

You don’t need additional funds. You have all the capital you need in your current holding.

Sell now and buy back in at a lower price. You probably won’t get the exact bottom, but it won’t take many days of this for you to get a significantly larger holding of shares for the same sum of money even taking the bid offer spread into account.

Isn’t that a more sensible strategy than averaging down? Because if you DO have additional funds you can add that to your purchase too and have an even bigger holding with an average in the low teens..

The more shares you have the bigger your profit when it starts to climb again, obviously.

As things stand your capital is stagnating day after day and you are merely compounding the problem by trying to catch a falling knife and adding now.

Sure you run the risk that the stock will shoot up as soon as you sell. But how likely is that?

Absolutely Star

Traders look for short term catalysts. What is the point in holding a share that will be worth 10x in two year’s time, if it going to be worth x in the next couple of months?

I know you are sceptical about the stroke NICE application. You wonder if the market is really going to get excited once again, as they did over the Covid test, and again over AIHL. When there are never any sales. Fool me once shame on you. Fool me twice (or three times!) shame on me and all that.

I disagree, I really think there will be the same craziness in the run up to that recommendation, too. And we should look to hitch a ride on it.

BUT, and it is a big but, this will have no bearing on the long term viability of the company.

Buy into the speculative froth that is my strategy. And keep away from the selling when it’s out of favour.

John Maynard Keynes had a term for this kind of trading.. He called it the “greater fool theory.”

The easy way to explain what we are seeing here is to realise that the longs (aka “long term holders” or “investors” or just “shareholders”) have an emotional attachment to this stock. They’ve fallen in love with it actually. Even the bitter recriminations are akin to a spurned lover betrayed by a cheating partner. It’s almost as if Budd has been shafting the secretary and they are the wronged wife…

Consequently anyone other than they, traders looking for an entrance, shorts monitoring their ongoing trades (which have been stonking it has to be said), or just interested bystanders who offer an opinion, are viewed as attacking the stock. And by consequence them.

I’m sticking around. this story is far from done and there is money to be made here. Others are likely to too. I think you longs are going to have to suck it up and not take it personally.

Or you could always sell and get back in at a lower price for a greater profit. Now there’s an idea!

Herein lies the problem. It’s the long term mindset that bedevils so many on here.

This stock isn’t a long term hold! You longs all think it is, but it isn’t. It’s a hugely volatile trading stock and a rather wonderful one at that.

The key to playing it is to ride the spectacular moves up as far as you can (very hard to find the exact bottom and top, but try and get as much of the upward move as you can) then get out as the stock tumbles, waiting for another entry back in. Once again hard to find the exact bottom but my gut says we aren’t there yet..

Being a bag holder destroys your profits and is incredibly hard to handle psychologically. This stock is far from done. Even if there are never any sales! There’ll be a run up in anticipation of the next NICE recommendation as sure as eggs are eggs. I will certainly be watching like a hawk and looking to get back in every single day.

But from the sidelines. Not watching my trading capital tumble in value day after day after day. How on earth can you all do it?

It bewilders me.

They are £145K overdrawn at the bank.

Having been £129K in credit last year.

Why haven’t they go the debt financing agreed already since they have such a liquidity crisis?

Interesting trading action today.

Are we finally seeing the exhaustion of the down trend leading to a reversal??

It’s possible, but that will need news. And there is never any good news is there? It feels like we will finish the day below Friday’s close and the downward trend will just continue through the teens.

You have to wonder what will happen when River Fort start dumping their holding after the fifth of May. What a terrible financing deal that has turned out to be.