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Hi Poorinvestor. There's some publicity about a French test that takes 10 minutes. https://www.connexionfrance.com/French-news/10-minute-mobile-phone-Covid-tests-developed-in-France. However, I guess there are plenty of companies working on it.
Goldtrig.... also tired and brain not working properly but the truth is 40k+ fans is probably going to be too much for day events at least for the rest of year. 20-25k will probably be the max and with matrix testing /200 testing stations could just about be doable. I can't see it working if testing takes more then 90 minutes and i can't imagine more then 200 testing stations being viable outside a stadium.
On the other hand our test would be perfect for festival events like Reading/Leeds. You could stagger the arrivals/testing over the course of a day and it could get done comfortably.
I would love to hear Prof.Smythes views on how you could get 40k fans all tested into a football match. He is way cleverer then us and maybe has a plan. I also think Paraytec are way closer then any other testing solution i have come across to getting the job done.
Goldtrig. Your wasting your time mate. Are you just trying to convince yourself or something? Even if your just obsessed with football stadiums etc the point you keep overlooking is the fundamental nature of what the Paraytec Test has achieved. It could well rapidly be enhanced for mass testing as indicated. It’s the fundamental nature of what this test can do that is most valuable as an asset. There may well be better mass testing CURRENTLY available, yes... but real investors here see a much bigger picture. I’m all up for negatives and positive views, but it does seem that you and others seem to desperately be trying to add a negative spin so can only assume your either not invested ( so why bother ) have a short ( probably stop that soon ) or trying to get in cheaper ( nothing wrong with that, just do it if the opportunity arises ) this is BRH so it’s not all about Paraytec. So don’t focus on just the one company. I think we all agree nothing in investing is certain, but the guys with the money to make a difference to this or any other share price are not swayed by people trying to manipulate the price here.
goldtrig I don't want to burst peoples balloons here but forget RMS. The gold standard in face masks and anti-viral products is a patented Virobloc face mask. The technology is owned by recently listed HeiQ (HEIQ). They also bought a Spanish mask manufacturer In December and have already supplied over 1 Billion masks globally. Lots of other applications incorporating this technology and many other materials innovations. Superbly run and well connected company and another deal just sealed today.
Schools need them. Our test would be perfect and cinemas, airports and restraunts if not sports. All good whatever it is.
Bottom line are we where we should at this market cap. The answer is no. I will be adding more. Trevor has big plans.
You've lost me..what are you on about masks for? I'm saying if you allow people to do their LFTs unsupervised to gain entry somewhere then they can literally just not swab anything, say they have, and guess what...ooh negative. Yippee. Have you even done an LFT before?
Forget wearing masks. It is more about do you think the company is worth the valuation. I would say it is probably about 3 times what is should be now. BRH in comparison is heavily undervalued and has a better product.
Goldtrig - re LFTs What happens if someone deliberately doesn't swab properly..so they swab their lip as they're not being monitored knowing full well it will never come back positive thus they'll be allowed into the game..
No you can't because you need to watch the person take the test or you can't trust they have done it properly
I don't get your point whatsoever ... Forget the matrix testing for a minute and do them 1 by 1. That's still 2 minutes vs 10 minutes. Matrix testing takes it to 24 seconds. You realize these will have to be done outside the stadiums/venues? When it comes to 40k+ people you can't trust people to not get Covid on the way or to do the test properly... someone will end up bringing it in...
First of gold trig the matrix testing said by carl was a example, of the potential. He put it mildly.
If they had 21 tests in parallel, they could run 343 people every two minutes. Obviously it would take time to collect samples.
And what’s to stop the Paraytec test being given to every person on entering the grounds and they can all test at once and their results checked before they enter the gates? Matrix is a ground breaking bonus, they will also offer a singular test and save those 8 mins off the time you have suggested.?
Sorry goldtrig but you are one of the dumbest posters i have come across here which is saying something. You really think you know more then Prof Carl Smythe ? You really think 40k+ LFT tests at 10 minutes each will be quicker then then the Paraytec test?
Explain the science of lFT tests trig?
Good luck with that one. Half a billion market cap it will go flying down just like your RMS holdings once the faster tests come out.
Excellent posts by a number of posters this evening but obviously trash like you has posted rubbish.
Excellent post lastpulldown
With RMS he sold over two days it appears as you can tell from the price movement those two days. We received two RNS'S over the two days so no I think he is actually adding here for something big.
You are talking rubbish, you have to notify every 24hrs any changes.
Very interesting indeed to see that the CEO Trevor Brown who is already a significant investor and who was holding shares in 20.6% of the company prior to tonight, and contrary to all the noise on here yesterday and today, didn't sell one share when he could have done so. So from £1.00 downwards it isn't TB who has sold a beans worth.
Instead he has actually elected to exercise his options and has added a sizeable 1.2 Million shares to his holding and thereby to increase that holding to 25.55%.
In order to exercise that privilege he has had to pay to Braveheart the company whatever the strike price was for the option.
So he could have sold any of his 20.6% prior holding at any point from £1.20 down and he hasn't.
Instead, he has actually parted with his own money to increase his holding by taking up his options and thereby increase his holding to 25.5%.
He is backing the company and the results which were just announced with his own money.
If you don't understand holdings and what Directors options are about then you should stick to investment accounts with High Street Banks with 0.1% interest rates.
Given his holdings he does want to create panic and lower the value of his own shares . This stock should be going higher soon. It's a massive positive. He knows at the current price it is very undervalued.
I am inclined to think that TB exercised to increase his holding so that when Paraytec is sold, he is holding more shares to benefit from the proceeds.
There are a few ways of looking at it and only TB knows what is going on in his head (well hopefully he does anyway).
The most obvious thing to me (which would probably be the most beneficial to us) is to wait until the results of the sensitivity test are known (aka the lower limit of detection of 1,000 virions per millilitre of sample). At that point if good news the test/product/company (Paraytec) is worth far more and that isn't for another 3-4 weeks.
Then maybe even wait further until the CE cert is obtained then sell Paraytec to someone and they go on to manufacture the product.
That would bring in the biggest reward and bring in the biggest dividend to shareholders. This could be in approx 2 months time.
Only thing that makes me think this might not happen is the notes in the RNS which states:
"Our attention will now turn towards quickly commencing the final clinical trial and commercialising our product either ourselves or with a partner."
Which indicates there is no intention to sell Paraytec and BRH is looking to bring the product to market. Which means 6 months.
We shall see how it pans out but GLA whatever the outcome and remember DYOR (don't believe everything people post on here is in YOUR best interests, make your own decision)
Totally agree. Think about it. Trevor holds more than 20 per cent if he wanted to sell he would have done so already. My view is something big in the background is going on that will rocket this stock in the coming weeks. He is sure we are going up in my view.
If you look at what Trevor does, this is far more likely the case. He knows full well there will either be a buy out of the IP or the company Itself, and a large divi paid to himself and holders. It’s what this share is about imo. They will choose which ever path leads to the greatest payout. If history repeats then that’s not a far fetched outlook StarKnight. I think it’s pretty clear what’s going on. I’ll admit a drop to the 60s wasn’t expected on the successful test results especially being quicker than promised. But this share went up 70% in one day easy. Low mcap and free float, down today up tomorrow. got to look past the chess move being played now and see where the game is heading!!! Simple stuff. Look a few moves ahead.
RNS released this morning .....
Braveheart Investment Group plc
("Braveheart" or the "Group")
Further update re Paraytec Limited
Further to the announcements on 29 January 2021, Braveheart Investment Group plc (AIM: BRH), is pleased to provide an update concerning progress to develop a COVID-19 test that Paraytec Limited ("Paraytec" or the "Company") is working on in conjunction with the University of Sheffield.
Testing of the first 500 samples being provided by Sheffield Hospitals Trust has been a key focus of the Paraytec team's work in the last month. The clinical sample pipeline is now fully operational.
Samples are being processed and subjected to analysis using Paraytec's photonics-based detection system. The average time to acquire test results is currently less than 120 seconds, a market-leading value. The laboratory trials data confirm the performance of Paraytec's photonics-based test in identifying patients with an infectious viral load within the acceptable range specified by MHRA.
The current gold standard for estimation of viral load continues to be laboratory-based PCR tests. However, these detect viral RNA levels and not necessarily the presence of infectious virions, which means that many patients test positive, long after they are no longer infectious. Paraytec has thus adopted an additional comparator test developed by the University of Sheffield, to verify the presence of intact virus particles. This involves ultracentrifugation and high-resolution fluorescence microscopy to independently verify the presence of virions in clinical samples.
In parallel to the sample processing described above, the Paraytec team has been using isolated lab-grown virus to optimise the operational sensitivity of its instrument for the detection of pre-symptomatic and early-stage symptomatic virus levels. It believes it will be able to confirm, within a period of four weeks, a lower limit of detection of 1,000 virions per millilitre of sample, also a market-leading value.
Paraytec will complete additional analysis of samples in the clinical pipeline in order to acquire robust statistical data and prepare the detailed technical specification required by regulators and producers. The team believes that the high speed and high sensitivity of its test may enable the undertaking of multiplexed "matrix" testing. Matrix testing combines samples from multiple people for simultaneous analysis, such that 20 parallel tests can yield individual results for up to one hundred people. Such a test would be very helpful to the successful operation of large events, like sports or music festivals.
Paraytec will now progress to a prospective clinical validation with a larger number of patient samples and seek to obtain a CE mark for the test. Depending on location, the prospective clinical trial (where individual patient outcomes are monitored over time) is expected to take two months to complete and a further update is expected to be