Member Info for stocksaint

They probably will secure II funding in "early 2024" though. Sounds like FDA approval for AIHL could be an immediate carrot rather than the long uncertain timeframe for meaningful sales in Europe/UK. I'm guessing they would need to raise at least £6m first off in a placing. But at what price, 5p? 4? 3p? 2p?. It's anyone's guess.

What some people are conveniently forgetting is that you need full NICE-type approvals to sell in other EU countries as well. GDR have said this in a previous RNS, when Budd was at the helm. Preliminary technical clearance (including translations etc) just means you have a chance at selling relatively small amounts as they've done in the UK so far. They going to need to convince a more mainstream investor to back them in the next few months for long-term potential, including the long-term opportunity of the new stroke product.

Franky,

They really hoping there's going to be a proper raise! But they might not even get that, so it could be the end quite soon. Hope they manage to keep going somehow.

I think even worse than you say Gloria. They're actually warning they might not be able to continue as a going concern if funding not found within the next 4 months!

Important bit: "The Board is planning for an equity or debt raise in early 2024 to support the growth and development plans of the business and allow the Group to continue to operate as a going concern.

Results are pretty much the same every year. Cash burn 400k per month, virtually no sales revenue, and the odd tax credit turning up. Still isn't really a business here yet.

This really seems like a pump and dump without lift off. Suddenly all these posters coming on here saying how brill things are. My guess is RF/RF broker are selling into this rise, which is preventing it becoming a meaningful spike at the moment.

What do you think this positive news next week could be bighammer??

But how aren't the results going to be awful. No meaningful sales and only about a million left in the bank...or do you think they have been keeping big sales secret? lol.

Got to say I think share price could well close at about 5p ish once they release the final results next week and provide an update.

Sounds like you on the grog. Best of luck anyway

You definitely looking at a different chart to the one I looking at.....????

When did this ever hit 4p System?? Genuinely interested.

I get the impression a few traders have recently taken long positons thinking they could get a rally off an 8pish support level. But they appear to have been undermined by background selling as far as I can tell. Yesterday was all-time low for SP close.

The decision is excellent timing as well!

It might even finish in the upper 6s today. The support level around the 8p mark seems to have gone!

RF is more like a lender than an investor...

Yep, I think the latest they can report is 31st December

Why?

Even the hard-core rampers seem to have given up. (JB doesn't really ramp at all, just another GDR victim)