London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Medusa19 only have exclusivity over D2C sales anyway, which I would be very much inclined to think of all sales outlets, will be the lowest volumes.
It's going to be businesses and govt's who will buy this in the 100-200m / month volumes AS talks about, not Joe Bloggs at home. The are the big distribution agreements, which are being worked on as we speak and don't involve Medusa19 at all.
Jdt1990. I agree largely with what you say. The distribution network agreements will be key to retaining our slice of revenue, but I am pretty certain that there is a contract in place with Medusa19 already. Hopefully, we have a good deal, and freedom to strike up third party deals.
I would be inclined to agree more waitingroom with the impact of them being a shareholder if there was a connection with the Kumani's / Boohoo in any of the AVCT research, production / manufacturing processes. You have to think, after a £45m raise and prototypes at an advanced stage, if the Kumanis and Medusa disappeared tomorrow, there would be little impact. We don't need their cash anymore and for a product that could be as significant as the LFT there will be lines of people wanting to distribute it.
Jdt1990. That is not entirely correct, as they became significant shareholders during the 18p subscription in April. Hopefully Boohoo issues will not materially impact long term holders.
Disagree lazypunter but interesting to hear your thoughts. This is a Bohoo issue and if the media go after Boohoo in the short run then yes there will be an impact on BOO shares. Our connection is with a distribution company in a completely different industry where the only tenuous link is one of the investors/founders of Medusa19 is the Boohoo founder.
They will have plenty of ammo to be throwing at BOO directly linked to the clothing manufacturing "scandal" it wont spill over into here, why would it?
The media probably don't even know anything about Medusa19.....
The only impact here will be a few shorters/derampers that we all know well trying their best to spread some contagion risk chat (not saying this is you by any means) which so close to a long line of news flow, wont be sending anyone running for the hills!
I didn’t accuse, just asked the question. Irritating isn’t it? Imagine having nonsense like that spouted day in day out... have a think before your next bout of stirring.
Wrong board, but I mentioned that fast fashion is bad for the environment as a counter argument against someone suggesting that their customers would boycott them on ethical grounds. If they were that ethical they’d think a bit harder before paying a few quid for a dress they wear once for the ‘gram. Nothing hypocritical in that. I’m not an ethical investor.
I think it’s a good investment, boohoo are having a 50% off sale right now, they’re still growing exponentially and lockdown has increased online adoption rates by about a decade. How much sticks is unknown, but it won’t do their prospects any harm. They’ll no doubt finish their review and conclude they’re squeaky clean, easy money. DYOR, IMHO, etc etc...
PondLife QED
PL75 I've said for a while PL75 is a joke, hypocrite comes to mind and acts like he's the champ.
It’s an issue with Boohoo’s suppliers & a full independent inquiry has been launched which I’m sure will be favourable in the long run. The very fact that people are choosing to discredit Avacta shows me just how desperate some people are to influence the price here.
Agree on both counts FT, a dodgy clothes manufacturer has nothing to do with us and I’ve taken a position in Boohoo today. Bargain!
Absolutely pointless thread - no live connection between Boo and avacta ... just more trash talk. Boohoo exposes by a rogue trader... a great value buy to bounce 100% in the next 3 months if not before.
They'll come through it stronger and better, the SP of BOOHOO hasn't collapsed below £2 mark or going to £1ish plus they've got a lot of cash to survive this.
JDT1980..too many people dislike the Kumar s even though I believe Boohoo is a great British company, doing what it can for UK jobs..The BOD of Boohoo are brilliant at execution of distribution on world wide basis....very few Manchester-based companies have achieved in a short while what Boo have and for that , getting the directors of Medussa 19 with the brains of Boohoo, is an astute move..However, the media hate successful businesses like Boohoo and they will use the fall in the shares of Boohoo as a potential crisis..when it is nothing of that sort..We here, are an independent Bio company with potentially a portfolio of world class products ..Boohoo are an incredible success story and the number one rule of business success is simple...If you want to learn to swim, would you go to a man who is drowning or an Olympic gold medallist like Mark Spizts and others...Boohoo are the Gold medaliists of distribution and they can use their world wide experience , to ensure our product distribution achieves a gold standard ..but the media, shorters and sceptics , will try and destroy the good in Boohoo.LP
Most of us on here are invested in a company working hard to try and save lives with covid 19 and cancer treatments, in my opinion it is unethical to short a company like this
But it seems to me some of the people shouting about Boohoo's morals are most likely the ones shorting
The issues over at Boo have no bearing here.
Firstly to be 100% clear we have a distribution agreement with Medusa19, not BooHoo. It’s a completely different company (although founded by the same people)
Secondly it’s not BooHoo themselves that the allegations are aimed at, it’s one of their (many) suppliers who make some garments who I am quite certain will be immediately dropped.
Yes it’s reputationally damaging for the BooHoo brand but it has no impact whatsoever on Avacta (with the possible exception of distracting the attention of the founders for as long as it takes to sack the criminal supplier and steady the ship.
Finally Medusa is only one string to the bow anyway, there are other distribution channels (to government, health services, B2B, etc). Medusa are just handling the build of the B2C website and the shipment of orders when placed. If anyone thinks that an issue with a downstream supplier on a completely separate business that we have no contractual relationship with is likely to have any impact whatsoever on our ability to sell possibly the most in demand product in the world you are out of your mind (or more likely intentionally deramping to try to drive down the share price on any spurious pretext you can).
See my post earlier for why this is currently a great price to buy and just think about how much this can rocket when we get news (remember Sona share price went up over 100% on the announcement that they had tested their LFT on 30 people in a lab!)
I agree with LP.
I believe Avacta to be a principled ethical company. Boohoo are making money through exploitation or incredibly poor DD. Profit is good but not at any cost. IMHO
Lazypunter - interested to know why you think the Boohoo issue will impact here?
And to be clear they cant delay an RNS just because someone associated with a distributor is under the cosh in the media, RNSs contain price sensitive info and have to be released as soon as possible to the market....
https://www.londonstockexchange.com/news-article/BOO/independent-review-of-uk-supply-chain/14606920
I've just bought Boohoo shares, I don't believe the short attack on boohoo will have legs.
Avacta will be affected by the short attack going on at Boohoo, make no mistake.Personally, I hope any RNS is delayed this week because even though I am happy with my holding here, Boohoo and Medusa connection will affect us here short term.....I am a holder here and in BOO..LP