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That would be just becasue he didn't update his linkedin profile. That's very common. Gino became CEO in August 2024.

September 2023 to August 2024

Nope, 11 months.

He was there less than a year

Yep, wrong geezer. David Nugent in this case owns a property company

Allenby Capital were proudly advertising their role in helping GDR to raise over £3m on their website. All mention now gone. Must be some embarrassment.

But Allenby and PH were going to be bookrunners for the placing, underwriting it. (they are also market makers as well).

That's one of my theory's as to the share price movement of past few days (the other one is perhaps it was DN buying more shares). If no TR1 by end of monday, will assume it was the mms

Underwriting

If no TR1 RNS appears on Monday I'll assume rise of past couple of days was to do with m&m goings on rather than DN buying. Apparently the placing that was planned but got cancelled was going to be the real deal. Allenby and Peel Hunt were actually underwighting it as joint bookrunners. So this last minute cancellation must have come as a surprise to them, and perhaps cause some headaches.

Sounds like this will be a disaster stock one way or another

We'll just have to see what gets announced next. The company only has 2.5 months of cash to keep going left in bank now! So bound to be something soon one way or another. I guess we'll find out by end of Monday if DN has been loading up more shares for himself or not as well.

All they care about in the US at the moment is AI stocks! That's where all the money has gone to.

If DN went to 25% he would have a lot of power. i.e he could unilaterally block any special resolution just with his own vote. I expect he's going to table a resolution to the board for himself to become chairman. One issue is that time is not on GDR's side to sort all this stuff out, and arrange alternative finance. The clock is ticking.

I think they said recently it had come down a bit anyway to £350k, still quite a bit though given small revenue.

It's really like the board has completely lost control over the company. And yet the share price is rocketing. Very odd situation.

I agree with Jimi's sentiment on this. Given the vote was so low in favour of any of the resolutions (39%) you wonder if the board could get anything at all voted through, including an offer. Suppose it depends what the offer was, if it was more than the usual 30% premium.

Whole thing is still a bit of a mystery. Why buy 15% if you're not going to support board, unless you have a firm plan? We'll see. People are waiting to hear what alternative plan is (and if there even is one).

But then only Gino would have a job! lol

If he does the opposite and just starts selling his stake down, would guess its the end for GDR as further fundraising has failed completely.