Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Genedrive Plc | GDR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.40 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.40 | 2.40 | 2.40 | 2.40 |
| Industry Sector |
|---|
| PHARMACEUTICALS & BIOTECHNOLOGY |
| Top Posts |
|---|
Posted at 01/11/2024 06:34 by batiatus Let me remind you of some facts:-GDR isn't making any profits -GDR have only sold £100K worth of kits. -£100k is equivalent to 1250 units at £80 per kit -GDRs monthly expense is £400K, due to increase to £600K in 2025 -GDR is low on cash. They raised £5million in May 2024. -The current GDR bank will have less than £5million. -Cash will run out for GDR by May or June 2025 -GDR needs to sell 60,000 kits for the company to break even -It has taken GDR 9 months to sell 1250kits, or £100K worth of sales GDR is in a race against time to find buyers before their cash runs out. To-date, they haven't been doing too well. No one will buy unless the product is fully certified. |
Posted at 30/10/2024 22:34 by batiatus Let me remind you of some facts:-GDR isn't making any profits -GDR have only sold £100K worth of kits. -£100k is equivalent to 1250 units at £80 per kit -GDRs monthly expense is £400K, due to increase to £600K in 2025 -GDR is low on cash. They raised £5million in May 2024. -The current GDR bank will have less than £5million. -Cash will run out for GDR by May or June 2025 -GDR needs to sell 60,000 kits for the company to break even -It has taken GDR 9 months to sell 1250kits, or £100K worth of sales GDR is in a race against time to find buyers before their cash runs out. To-date, they haven't been doing too well. No one will but unless the product is fully certified. |
Posted at 24/10/2024 19:12 by billthebank As with many shares sometimes you just have to sit back and reflect on the reasons you bought GDR shares.Hmmm1 Ramped in as they had the gold standard COVID test Hmmm 55p seems a nice entry 2 Why didn't I buy at 28p!!! 3 Holy Moly 125p let's Ave some of that!!! 4 Do I sell and keep my profits in??? Nah let's buy some more!!!!! 5 Sh1t WTF The CEO is an idiot and GDR is a dog.Holy Moly how could it be 20p 6 OMG 11P you have to be joking but really Come on Buddy boy where are the sales? 7 How can this share be soo low .Really 5p!!. Look at these amazing products post COVID. 8 HMMMM!!! Is it time to average down?? 9 OMG yet again WTF is going on? Phew Budd has gone. We have a new kid in town. Eagles Song!!! 10 The NHS in Manchester love our product.It is soooo sad that children are experiencing life long deafness.Step in GDR!!! 11 Whooping and hollering.Holy Moly I know you have heard it all before but this is the real deal this time. Honest Guv!! 12 News due 31st October from NHS Scotland Woo hoo.Could this be our time. 13 Well I have averaged down into this magic elixir.I know I know still no significant sales. Surely it's going to be different this time? 14 Well I only need 12p to break even surely surely GDR is gonna deliver now? 15 I averaged down at 1.7p surely surely I have it right mow? 16 This is ridiculous Look at these products Bxll0xxs bought some more at 2.5p. Rolling 10p for break even 17 ............... My summary of my GDR experience.A little flippant but hey it is GDR. |
Posted at 17/10/2024 11:20 by batiatus Fact check:GDR is not making any profit. GDR annual expense is £4.8million £400K monthly cash burn, due to increase to £600K month in 2025 GDR to date have only managed £100K worth of sales. This equates to 1,250 units sold using £80 price mark. It means that GDR will need to sell 60,000 units just to break even. It has taken GDR 9 months to sell 1,250 units. Cash in the GDR bank will last to approximately June 2025. The rampers will tell you £5 million raised (this is their catch line) but the £5 million raised was in May 2024. GDR will have used another £1.6 million minimum since then. That means in the GDR bank there isn't £5 million. GDR is in a dire situation. They are racing against time to achieve more sales, before the money runs out. |
Posted at 15/10/2024 16:51 by batiatus Just like when they announced the COVID test kits during the pandemic and then totally missed the chance to materialize anything?Okay, some will argue that was a different case, so let's get back to the stroke kit... If it's that good then why GDR have not made anymore sales other than the £100K in the past year? GDR can at least come out with a video presentation to update the market that plans are going well, if that was the case. But nope, the silence is deafening. James Cheek must have known something was off and that's why he left. Even the former CEO Cheek wouldn't wanna invest in GDR. You are right, the world is watching from afar. Just watching not investing. Get some pop corn and watch the show unfold. Will GDR be another disappointing stock that will leave shareholders staring down a hole with their investment gone. We will find out which will come first. GDR to strike some sales or cash running out in the bank. |
Posted at 15/9/2024 09:46 by batiatus themachine2,I have answered that question too but you selectively forget anything that doesn't fit into your agenda. It took 9 months for GDR to achieve £100K of sales. This equates to selling 1,250 kits. They need to sell 60,000 to break even. Cash in the bank will run out by June2025. GDR will need substantial sales contracts to turn the situation around (9 months to amass a measley 100K sales but they need £4.79million to cover for their expenses, doesn't inspire confidence). But for the sake of the rampers, LET'S ASSUME GDR do get further sales contracts. They would be looking to ramp-up production. From streamlining the manufacturing processes to quality checks, warehouse storage and logistics. None of these will come free. These work will require TIME and additional COSTS, next fund raise YOU, themachine2 along with GDR shareholders, will be PAYING for it!!! To imply GDR will be profiting by June2025 is just unrealistic. |
Posted at 12/9/2024 12:58 by themachine2 BatiatusYou lying muppet you have posted that LIE 3 times already Batiatus10 Sep '24 - 17:26 - 8899 of 8997 0 1 2 GDR's £5million Vs profit from Sales GDR isn't making any profit GDR has a monthly burn rate of £400-£600K (do take into account addition site activities + they just recruited some people so expense increased since last reported) GDR annual sales is £100K GDR raised £5million in May 2024 GDR today have approx £3.5mil left in the bank if you do the math) using a mean estimate of £500K monthly expense, see below: May £5million June £4.5million July £4million August £3.5million September £3million November £2.5million December £2million January £1.5million February £1million I don't know why the rampers disagree with the likelihood of a placing. They talk as if the £5million raised is untouched and sitting in the coffers. |
Posted at 12/9/2024 12:45 by batiatus GDR's £5million Vs profit from SalesGDR isn't making any profit GDR has a monthly burn rate of £400-£600K (do take into account addition site activities + they just recruited some people so expense increased since last reported) GDR annual sales is £100K GDR raised £5million in May 2024 GDR today have approx £3.5mil left in the bank if you do the math) using a mean estimate of £500K monthly expense, see below: May £5million June £4.5million July £4million August £3.5million September £3million November £2.5million December £2million January £1.5million February £1million I don't know why the rampers disagree with the likelihood of a placing. They talk as if the £5million raised is untouched and sitting in the coffers. Money is running out quick! |
Posted at 10/9/2024 16:26 by batiatus GDR's £5million Vs profit from SalesGDR isn't making any profit GDR has a monthly burn rate of £400-£600K (do take into account addition site activities + they just recruited some people so expense increased since last reported) GDR annual sales is £100K GDR raised £5million in May 2024 GDR today have approx £3.5mil left in the bank if you do the math) using a mean estimate of £500K monthly expense, see below: May £5million June £4.5million July £4million August £3.5million September £3million November £2.5million December £2million January £1.5million February £1million I don't know why the rampers disagree with the likelihood of a placing. They talk as if the £5million raised is untouched and sitting in the coffers. Money is running out quick! What do you think will happen if there's no sales by December and with only £2million left in the bank... Could be sooner if using £600K in the calculation... No company will wait until a balance of 0 before another raise. |
Posted at 10/9/2024 07:21 by batiatus Early morning Facts check:GDR isn't making any profit GDR has a monthly burn rate of £400K minimum GDR annual sales is £100K GDR raised £5million approx 2months ago GDR today have less than £5million in the bank Everything points towards a placing soon! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
