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Crooty, Would say if they can raise the money, the big hope will be US commercialisation/FDA approval. Trouble is even with FDA approval, it can take a bit of time to get big orders. Just depends. Then you also have to win Medicaid coverage as well would guess.

That's unfair Gloria. Lol. It's possible there will be a placing at 0.25p, or even 1p. And then people can dream of it hitting 4p again.

Agree with Eureka, the RNS seems a bit odd. But guess it does clear up the fact that they have received the tax credit. They still planning a fund raise (and clarification that it's definitely an equity placing they trying to go for). Might be a chance for me to invest here again soon now, if they get the funding situation sorted. Though I'm a bit heavily committed elsewhere at the mo. Was hoping they would have got the placing sorted in February so could have invested quite a bit then.

When it was 0.3p, unfortunately I was a bit put off by someone warning it might not be a commercial find. But I was also fully invested somewhere else as well at that point, so would have had to sell that first.

I wasnt being serious Neil. The spread is awful. Good call on Helium One though at the beginning. I nearly put a lot it when it was 0.3p but was fully committed elsewhere so I waited. Ended up making easy £10k when it was at 2p though, as it kept going up to about 2.5p.

It just hit 5p and then fell sharply as Neil and his mates sold their trading shares. lol

Could be because RF have exhausted their share dump - simply no more to sell. Maybe we'll see another drawdown announced soon and the whole process starts afresh who knows.

It's an impressive list. I wonder what price they hoping to get for the business?

True AllGuessing, though I also think they take into account market access/regulatory situation as well. In this case, the answer to that is basically something like: "not really clear and time horizon's unknown"

Winni's "massaging the truth" description can't be too far off. Makes me think of Dragon's Den. One or two direct questions from a Dragon tends to cut through the crap though doesn't it. I think big investors like things to be presented in a clear way. The worst thing is to embroider things and as they don't want to feel like they're being duped.

I wonder if NHS England, for example, would want to fast track this through specialist commissioning now as they do take into account KIDIGO guidelines?

Should say, it was a different type of tax credit though I think. But who knows if that makes any difference.

Thinking about it, I know of a company who received their tax credit about 7 weeks before the end of their corporate financial year/ beginning of new financial year. If that was replicated here, GDR wouldn't get it until early May!!??

If there's been a hold up with that tax credit could be a disaster

My main point being most shares would have just dropped to 20p straightaway! This might consolidate around the current level and then start to go up again.

The US was very solid yesterday, considering placing at 20p. Some of the main US investors for this stock are quite impressive. Gives me some confidence.

I think they currently have about £1.2m in the bank. And will have £1m at the end of this month. Obviously this assumes they've received the 800k tax credit.

Franky, Why do you think RF could "own the bulk of the business". They're not even on the shareholder register, i.e no significant holding. Reason is they've been selling the shares they've had faster than you can eat your corn flakes.

I mean they've never wasted time before. As soon as RF get the shares they flog em in the market.

The obvious thing is if there's another drawdown from RF, it could have bigger impact on share price than before as share price is so low now. Guess that's why they call in death spiral.