Member Info for stockpickfree

Yeah.

I took my profit a while ago and am completely out for the moment for that very reason.

I still think this is a viable long term play, and if we do get the accounts signed off over the next day or so I’ll miss a big spike up. But the risk reward doesn’t work for me any more. Like to see the accounting issue settled once and for all.

Maybe I’ve just got old? I’d have had no problem holding here back in the day…

We don’t know Gloria. It’s all guesswork.

I’m glad they bought the shares as it certainly helped the company and it shows confidence.

They didn’t do so thinking the price would tank below 1.50, did they? Nor presumably do they want to sell at a loss. To my mind (assuming this isn’t a precursor to some takeover) they are a very solid chunk of the entire shareholder base holding the line at 1.50. Offering a floor to the stock.

Indeed they might be buying back in if it ever falls below that kind of price. Not just not selling. They’ve got a big investment to protect.

I agree. The pumpers are irritating.

The fact is, and has always been, that this board is irrelevant. It passes the time, there is gossip, sometimes a snippet is unearthed. But it is full of sound and fury signifying nothing.

The only thing that matters is the stock price. And at the moment that isn’t showing a trend. Up or down. It’s in a holding pattern awaiting news and or the full NICE recommendation next month.

What I find counter intuitive is the extent to which people who are avowedly long term holders, and who sneer at short term traders as the scum of the earth, constantly watch the share price, almost minute by minute!

Take a break. Let what will be, be.

A watched kettle never boils. I think this will anticipate the NICE announcement but I’m not sweating it, and certainly not looking at every trade. And if it doesn’t it won’t be the first time I’ve got a trade wrong.

Relax.

10 July is the crucial date. Full recommendation from NICE would transform the company’s prospects and the share price.

I expect a run up leading to that announcement in anticipation of the news.

But it is a bit early yet maybe?

I still like today’s action. I’m already in the green. For as long as it holds!

I think 2p is a stretch, myself. ;-)

Not sure about the doom and gloom, down to a penny brigade, mind. I can’t for the life of me see the logic to getting offer shares at 1.5 only to sell at a loss.

But there’s never any logic in the stock market. If it DOES fall sharply I’ll buy more. My current position is a very small percentage of my total portfolio and there is plenty of space...

My money is on there being a sharp move up at some stage, anticipating the 20 July announcement which let’s face it, is seismic.

But when it happens, who knows.

Sadly no, Gloria. 1.5846

So if your point is I’m well underwater presently, that’s true!

Yes but the “crazy unfounded spikes” are why we are here, Gloria! The volatility is what makes it a great trading share.

You are talking about the past and it’s not relevant any more if you are not a LTH. We are now priced at less than the money we have in the bank. On 20 July news might be released (it’s not guaranteed but it seems pretty likely, let’s face it) that would be utterly transformative, for the company and its priced for bankruptcy share price.

My money says that there will be a speculative run up prior to that announcement.

What you so snootily term a “crazy unfounded spike” I call a “delightful channel to trade into on huge volume!”

If you can’t see the opportunity presented here (and although it is glaringly obvious to me others just can’t, I get that) then why are you still on this board?

It can’t be for the jolly badinage?

It would be hard to find a worse strategy than the latest one to be fair, beatified one...

Use a debt spiral finance deal to drive down the price from the teens, have no plan to control cost so you burn 400K month after month with no income, achieve nothing within the business (like you know, sales and stuff) that you can release as news to support the price, then leave it till you have a couple of weeks cash left to get off a raise, ensuring that the price couldn’t be lower or the dilution more eye watering.

I don’t know what they do at the next raise, as you say, but I can’t see how they could do a worse job.

They should make a Harvard Business School case study out it. “How not to run a Pharma Start up. The Genedrive example.”

Like I said myriad times already, Cheek’s a complete joke. I can’t see him surviving long term.

The company’s management continues to be woeful.

Shareholders have ponied up to save the company, arguably management held a gun to their head to force them to, and yet where is there VISIBLE sign of work going on to make the company profitable?

We STILL await news of an FDA submission date. We still await news on more orders and NHS. uptake. And we now hear that the burn rate is going up. OK, I understand that might be necessary, but why haven’t costs been controlled up till now? What is Cheek doing to earn his huge salary, paid for effectively out of small shareholders’ pockets? The headcount has clearly

been bloated up to now. They’ve spent money like there is a proverbial money tree in Manchester..

Speaking of which Cheek’s personal financial commitment to the recent raise was both irritating and laughable. We need to watch what he does, not what he says.

How he has the brass neck to appear before shareholders in the way he does, promising the world is beyond me.

It ended 34% up by the end of the day as it happens.

If you check my posting history you’ll see I have mentioned it on here before and someone, I think it was you actually, chastised me for spamming the board.

So it is kinda funny that you are asking about it now!.

Surface Transforms (SCE) Tiger.

Another (comparably beaten down, post rights issue) share I am in has risen 25% today. Over here the tumbril blows…

GDR never ceases to disappoint, does it?

I might get in for some more or I might not. It’s not enthusing me at the moment, though, let’s put it like that.

Don’t want to jinx it, but very happy with the action so far.

It’s always the same in the markets. You can flip small gains, and that’s fine. But the big moves take time. I’m in this either to lose it all (or most of it) or to make the big bucks from a multi bagger.

I don’t often agree with you but I think you are right here.

This is a very cheap price with all the potential news upcoming.

Having said that I’m going to stick to my trading philosophy and not try and pick the bottom.

When we start to rise (and I think we will) I’ll add so I average up not down.

I don’t suppose anyone is likely to get taken in but just in case check out this guy’s posting history!

There are plenty of sophisticated scams around but this isn’t one of them.

That seems a likely prognosis.

People talk of the overhang, and as you say there will be a period when buying will get soaked up. But we are priced for bankruptcy at these levels.

Since we aren’t going busto after this raise gets in the bank, the price will rise in anticipation of good news in July. Full recommendation would lead to a lovely appreciation from these bargain basement levels.

AJ Bell are excellent.

Always really on it.

Agreed Dogg.

Glad to have you aboard, assuming you are now. I believe you are in SCE too. As am I.

GDR is a steal at this price, with a market cap less than cash in the bank (with no debt) IF the raise gets off.

I’m betting it WILL get off as we can see from the massive interest among all the LTH’s posting on here, and then we will rise in anticipation of the transformative news from NICE in July.

This company moves very fast when it moves. I can easily see a three or four bagger from here on Full Approval. Then there’s the FDA submission…

@Rodney

I don’t think (no, I don’t think I know) that there isn’t a LTH on here who wouldn’t have benefited from the discipline of admitting they were wrong, and closing their position at a higher price to where we are now. That’s what I mean by using a stop loss, physical or mental.

If you are wrong the market will find you out, and we are all of us wrong a lot of the time. It just gets a lot more expensive the longer you take to realise it. You don’t postpone the inevitable by throwing good money after bad and averaging down.

And let me tell you, it is a lot more pleasurable to close your position at a small loss and live to fight another day. Once you are out of a stock you never think about it any more. The anxiety is over. You move on.

Leaving aside the financial foolhardiness, what’s the pleasure in holding a stock that is declining, endlessly, hoping that it will finally have a reversal, and you will recoup some of your losses?

I’ve done it myself in my time, and it’s torture.

Anyway, I’ve said my piece and won’t write on the subject again. I realise you guys know best, and I know nothing.

You can take a horse to water but you can’t make it drink.