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"badgered the NHS who are already invested in Genedrive, and make them aware of there financial distress....I'm sure they would grant them some type of funding"

Lol, what a ridiculous thing to say. As if the NHS bails out struggling AIM minows. Why on earth do you think the NHS has a shareholding in GDR anyway?

I'd be happy with 60p...probably Redmile would be as well.

I asked AI if the property business and medical device industry are very different. It says yes:

Yes, the property business and the medical device industry are very different, primarily due to their core functions, product types, regulatory environments, and market dynamics. Property involves real estate assets like buildings and land, requiring management of physical locations and long-term leases, while medical devices are manufactured products (e.g., surgical tools, diagnostic equipment) with complex development, regulatory approval, and a focus on patient outcomes and technological innovation.

GLoria, Allenby is a broker so probable they are just looking to flip the shares very quickly, and are just buying as a market maker rather than actual investor, which is exactly what PH did themselves previously as well.

If it's acquired, whether you're happy or not is going to depend on your average, and what price they agree.

I think the BOD have long been aware of risk posed by PI revolt here. They just way too dependent on PI votes because they don't have any II specialist pharma funds invested in this. And that's because the pros ain't convinced/sure when GDR will break even.

From the RNS, one would draw the conclusion that Mr N. is not prepared to fund the company to the tune of at least £350k per month.

It might be worth talking to a lawyer as with 10% you do have special rights (that are not widely known)

From Google search:

Anyone who owned 10% of the shares in a U.K. company would have various rights to call votes and raise issues. They would also need to convince only another 15% of shareholders to block any special resolutions at EGM.

But The most interesting power would be that employees* controlling 10% could prevent public companies from being taken private. You would only require 5% of the share capital to apply to the court to block a ‘Take Private’, and the delay - or threat of it - could scupper any deal.

It's only my theory, nothing else, but I think most likely now is that someone is buying REDX entirely. We bound to hear something soon either way, maybe even this week.

At least if David and perhaps Amers were in key positions in GDR they would understand its prospects a lot better. Perhaps GDR would then finally open a chain of pubs, or something else giving them significant sales revenue.

David for CEO. The property business is just so similar to the medical device industry isn't it. Lol

Don't say that Gloria, that will upset Emerald.

BTW, "control" would require over 50%

No, he's trying to average down because he has a huge paper loss in my view

"I’m thinking with a moderate P/S on 10m sales giving us 30 m m/cap currently 2.4m therefore 12.5 x current."

£10m sales? You have the wrong stock surely. Sales here are in the low hundreds of thousands per year!!

Lol, you're hilarious jamesg99, get real

Https://uk.investing.com/news/company-news/redx-reports-zelasudil-welltolerated-in-ipf-treatment-study-93CH-4281967

Soz Roger, looking at another website I'm pretty sure GSA have actually exited altogether. (one particular website and a comment from someone else made me confused)

Yes, but if GDR's share price goes up they will lose some of their massive paper profit on this remaining position. I'm sure they must have reviewed it recently given the GDR share price movement.

It's a bit strange why GSA hasn't got rid of their short position entirely yet. As defintitely risky to maintain now. But could certainly be an indication they expect share price to go even lower!