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It's just blatantly obvious that NHS is no longer providing the best care in the world anymore. So a lot seems possible or not possible.

Bighammer, In recent years NICE have said no to treatments that are available in other countries, based on cost! And this is for mainstream stuff like new breast cancer drugs. Seriously. They may well be saying they won't end up bothering with any of this at all for time being.

But that might well be what they are saying: "we won't test at all"

Bighammer, Personally would say if lab testing for this is out of the window, so is POC. After all lab testing was NICE's preferred choice for this in the first place. It sounds as though NICE is saying there's simply no budget for testing in this area. Just my personal take as an outsider. Lol. (BTW if you read GDR's RNS of today, they are actually saying very little)

Toli, They currently have £6m in annual cash burn going on. Only £650k in cash left in bank. And visibility on revenue coming in during current financial year that just started in July of only £600k (gross profit on that should be about £300k).

Bearing in mind all that, do you still think this is a good time to invest!!?? Lol

Emerald, You're an unemployed 18-year old and you've put your entire junior ISA savings of about £20K into Genedrive, correct?

No sane person would buy when it's running out of money in about 5 weeks. lol

They've been in a similar situation time and time again. But this time, problem is 2 fold: share price is well below nominal value and there's still no institutional investor on board.

Anyone who buys it still has to pay the mortgage payments as it were i.e until it can breakeven. At moment that £6m per year.

But why would anyone pay £8m when market cap is currently only £4.6m??

Don't think filing for bankruptcy is an option right now, as they have no debts at all??

Probably best thing they could do is announce they will do Bitcoin Treasury. They could argue to being a kind of tech company anyway (as its medical technology). It sounds funny, but I'm seriously thinking it's their best chance right now, for real.

All I can think of is they'll need to cut about 30 jobs so an investor can feel comfortable with much reduced cash burn. Is that feasible? Don't know.

Jimi definitely fancied himself as a bit of an "insider" lol. Often claiming to have exclusively spoken to someone in the know. That might have helped suck in more mugs like Emerald...

I thought very strange that anyone at all was buying the shares on day of last RNS. They were saying they hardly have any money left and don't know where more is coming from!!

I see it as really old fashioned situation, Guy. Basically GDR have to somehow massively cut costs to persuade an investor to come in. That would mean big headcount reduction. I can't say if that's feasible or not though.

"successful investors like yourself know that its not about money"

Lol Gloria, you're pulling his leg

Go on Emerald, tell us how much money you've put into GDR?

It's quite funny as Emerald just doesn't get meaning of the latest RNS at all, or don't want to get it. Lol

Get real. They've just told you they've only got £700k of cash left. With £500k monthly cash burn, that's catastrophic. And they still don't know where the next funds will come from....