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I still think there's some hope. Companies in this sector run out of cash all the time. But as far as I can see, they either need a takeover offer from someone with big pockets or a bunch of real iis to come along who will invest for the long term. They haven't really got that much time for one of these things to happen.

This was the third worst near-term outcome out of three possibilities: immediate takeover at higher price, placing at market price or placing at discounted price. I will just bide my time here now. Won't be selling, but won't be buying more either for the time being at least.

Lol Roger, If you read Eureka's post he actually suggested GDR would be issuing bonds lol, not an equity raise. Let's face it though, if they managed to pull of a conventional equity raise it would be a big improvement on the death spiral finance they got last year.

A debt raise! who would lend them money when they virtually no revenue?? Surely you mean an equity raise.

Companies at this stage in this sector run out of cash all the time. Some of them manage to raise at market price. This one now has an offer on the table as well as the other usual options.

Let's see what US trading brings. Might be an upturn....

Triplestar, Do you think this will be a buy after/if they announce a major placing?

Was lucky enough to make a bit of trading profit on this. Happy I didn't keep a position going now. I did read posts on here from people warning about the funding situation. (I was also slightly suspicious when that video appeared on here the other week as well. Obviously they felt the need to make a sales pitch to investors even then.) Still could be good long term though I guess.

Looks to me like SP at absolute low again. If it doesn't bounce of this like last time, it looks likely to head into the 3s.

I don't think Riverfort is going for "control", Popeye. They've been selling off the shares as soon as they get them following drawdowns. They've never appeared on the shareholder register for this reason. But I for one wouldn't invest in GDR until there's some clarity on funding for the next 18 months.

Hopefully. I've been following some of the US chatboards on this and posters generally seem to think the chart still looks very good, despite the pullback.

RENX will be talking to the main shareholders. What would they accept, the people who own a 10% chunk? 8op minimum? 120p minimum or 150p minimum, for example?

Obviously if they think the best offer is too low, they'll be looking at securing some kind of fundraise. Given there's an offer in the background to me it would be logical if any fundraise was at market price rather than discounted.

MAJ, ok, I get it the company has very little cash. But you're saying the firm has fabricated the whole thing and they don't even have an offer on the table. That's going a bit too far surely.

It makes sense. The RNS did say big diagnostics company. There aren't that many of them. And bound to be a US firm isn't it.

Way I view it, if it's takeover, offer will at least 52p based on share price of the RNS and a minimum 30% premium (I'm thinking maybe could go as high as 70p). Otherwise, it could be a fundraise at 40p or a bit below (possibly at as low as 30p given the discount with these things you can get sometimes.)

Obviously the cash is low. But on the plus side, it's got some long term II backing from Polar Capital etc, recent progress on regulatory/market access and now they say a possible bid on the table too. If the bid is too low, then the current IIs will want to support a fresh fund raise.

The reason doesn't matter and we can't hope to know exactly the reason either because we're not insiders and they don't tell us everything/much/and only what they want us to know/or what they have to tell us.

"Point-of-care (PoC) molecular technologies have emerged as a viable strategy for improving clinical management of HCV, as they facilitate diagnosis and treatment programmes with the possibility to work in rural, resource-limited settings."

Don't think so Jimi as GDR's test for this has been shelved completely. GDR probably did say that once though.

Jimi's post makes me think of that old TV programme "Tomorrow's World". Anyone remember that?

But I got to agree, that must be what will happen EVENTUALLY. Will be a long, long time before it does though.

(Interesting noticed advert on a bus the other day of NHS rolling out screening for Hepatitis! GDR was trying to sell this as a POC test for years. Yes, they were right about Hepatitis screening going into demand. But NHS aint doing with POC, it's decided to do it with home test kits instead (a bit like what happened in COVID).)

From RNS of December 20, quite clear initial overseas orders were for demonstrators. So you can show what kind of product you have on your books:

"The initial orders will support genedrive's international distribution partners in promotion and in-country evaluation activities in their respective countries, to provide more extensive access to this life-changing test."