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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.
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.