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Lol, there are only 9 trades and the spread is 10%!

Gloria,

You might even find a change to Labour ends up making it more difficult for GDR to secure full NICE approval!

Reads this:

"It finds that increasing formalisation of NICE's approach and a weakening of the burden of proof laid on technologies undergoing HTA have together undermined its commitment to EOC. This implies a loss of allocative efficiency and a shift in the balance of how the interests of different NHS users are served, in favour of those who benefit directly from NICE's recommendations."

https://pubmed.ncbi.nlm.nih.gov/31325000/

Lol. yes Bruno, but they'll still be cheering when it hits 8p. And surely an update on funding towards the end of the month to look forward to, lol (cash balance must be well below £2m by now)

I think they got a cool response from the FDA given the silence. But if they can eventually get full NICE approval, then obviously you would expect that to open the FDA doors, as you have to jump through a lot of hoops to get to that point.

We might just see Genedrive hit 8p in the coming week me thinks.

Gloria, The funding is for a project that's not even being administered by GDR. So, I doubt the £1.2 million will even be paid into GDR's account. Bits of it might be transferred to them from time to time to pay for such and such in connection with the project. But it not for GDR's general running needs! It's money specifically to fund the project, the stroke product data gathering. (Would put £1.2 million in GDR's bank account? lol)

From RNS:

"The grant funding allows us to avoid costs that would otherwise have been incurred by genedrive directly..."

JB, lol. read it again. It does not reduce existing monthly outgoings. It just means GDR won't have to spend MORE money on data gathering itself. (sorry in advance Guy for posting at 3am UK time. (I've not gone bonkers as you keep saying, am in different time zone these days. lol))

The point is, it doesn't boost GDR's actual cash position as some on here appear to have wrongly asserted. It has about £2 million of cash in the bank right now at the most. The problem is it's been unable to make cash drawdowns through RF in recent months because the share price is below 16p. So, if unless something drastically changes, the question is, where's the cash going to come from to keep the business going beyond March 2024? I'm not sure if GDR even has an idea about that at the moment.

It's not even getting £1.2 million though is it:

The RNS says: "...the vast majority of this funding will be paid directly to the UoM to support the Company's initiatives."

You're completely delusional Carlos, you must have lost well over 90% on GDR! I'm pleased to say I've lost nothing on this share. But am watching developments with some interest....given the death spiral, and the dwindling cash, and new CEO....I think today is only a minor scene in what is a certainly a downward spiral at the mo.

Just buy the right newspaper then and everything will be better. lol

50/50 this will survive the next 6 months. No one will blame the new guy if it doesn't

"Why would there be a placing when they still have the draw-down facility? "

Mick, maybe you didn't noticed but the drawdowns ended some time ago after the share price dropped below 16p.

Gloria,

I think some people on here still can't accept there's going to be a funding raising, which is incredible really. It very dangerous to keep your head buried in the sand if you're investing in risky AIM stocks. (Though some on here might feel it's too late to change tack anyway if they're already 90% down!)

It was a serious question. I'll ask again once they announce the placing...

Question, if there were to be a placing at 3.5p, who on here would vote against it?

For me, the obvious is the old one wasn't in a position to credibly lead yet another placing/financing (which is likely to really hit the existing PI shareholders). That's why you got a new one...

As ironic as it is, in some ways the share price fall is what GDR management need IMO. They don't want big PI shareholders voting down a heavily discounted placing IMO. Suits their agenda better to have small shareholder PIs left that won't even bother voting. It just my personal theory, but I really am puzzled when people on here saying it time to top up in the same sentence as mentioning risk of imminent bankruptcy lol. (Don't think it will go bankrupt though, as I don't reckon the new guy would have taken the job if that was a big risk.)

It's not a drawdown Eureka, look again....