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Hi Longrun,
Just back from our weekly shop.
Yes Agreed, a few of us on here thinking the same about the RNS today, it does make sense !
It will be Good to see the follow up RNS, from here on in !
Our Mcap/SP is far to low, for the Great News we are expecting !
Expectation fills the heart and mind with Excitement !
Looking forward to the Days and Weeks and Months Ahead !
Great Times Ahead for us All !
GDR I feel that they need to release some news, and this was the only news they got...they were hopping it would have a positive impact on the SP, guess what it had a very negative impact on the SP, they done this before...everytime they release news that are not relating to approval and sales that all shareholders has so eagerly longing for.....they damn thing just belly flopped!
Bigal,
I was thinking the exact same thing just now before I even seen your message, surly todays update could and you would have expected to be added to the trading update. It wasn’t really expected so no pressure to release it today especially knowing it was likely to have a negative impact. Any talk of things happening 4/5 months down the line was never going to help today with the kind of people invested in this market and surely the company would have known that.
Maybe they simply wanted this update out the way as it could been seen as negative so the trading update it loaded with positives. Maybe not who knows, just very strange in my opinion, but I’m thinking a good strange.
Honestly, do people forget the basics of markets when trying to convince themselves of things.
Delayed sells - printed post close tomorrow.
Magsy 18
How can there not be enough buying pressure when there are Twice as many buys than sells?
This is typical AIM and mm's manipulating the sp.
I am New to this but I have realised it is more corrupt than horse racing which is saying something
A 20%+ swing from earlier doors is over done
They’re not investors they’re traders - after this latest news more than happy to add at 1.01
It really isn't odd. We have been going down steadily for weeks and this is the 2nd product based RNS in a row which has not met the expectations of investors. Investors sell on news.
It's very odd to see such a drop on an 'unexpected' update.
All 'expected' near-time news-flows are still in theory as much in play today as yesterday.
The POC is going to be a Qtr later (at most - if end of Q1) but as someone pointed out earlier initial Dec timescale was on 90min turnaround time, now 15/20min.
So positive update from a POC perspective (even though some may offer different view) - can't believe anyone actually was invested on basis POC 15min was going to be approved / sold by end of Dec.
All other newsflow still expected.....strange day.
Yes, let's scurry around trying to find reasons to justify the drop. Just take it in the chin lads.
I doubt DB is ordering the news based on how he thinks the market will react to things. He is simply updating the market with information as it becomes available. There is nothing special about the timing of this, they just completed a milestone and reported it. Simple as that.
And of course, as with all drops, there is something suspicious about it! No one was suspicious when we hit 150p last month based on nothing. The reason for the drop is simple - there isn't enough buying pressure to keep it up.
Big Al, something not right about today’s drop, in a good way. I can sell £50k over £1 no problem on dummy. Looks like a forced drop. We wait and see.
strategies afoot for sure
Totally agree bigAl there is nothing but good news to deliver here. The POC update as you point out ratifies that the POC Saliva actually works and that's a massive plus. Some people think that are this development work, testing and certification is done over night...it isn't...fact! I for one will be sitting through this lull for the golden ticket.
Agreed big Al - mentioned earlier how very unusual and unlike BudTime it was to provide an update which wasn't necessarily required.
Thoughts are to try and flush out II Seller and / or as per your good point below to get any potentially interpreted 'Bad News' out of the way ahead of either Trading Update and / or upcoming RNS's.
I'm even thinking one tomorrow on BC - 4 weeks post last update.
Let's see - but seems slightly unusually timed RNS.
PP
Bigal im hoping your right. I think DB knew exactly what was going to happen here, he knows full well the market is waiting on sales figures and approvals. And didnt have to send this update today, but did probably knowing the SP will fall, so Im hoping something else is coming our way soon!
I wonder whether DB released the POC update today, because he knew the POC going for CE Mark in 1st Qtr 2021 is the most dis-appointing news he has to deliver ? Of course the Good news is POC Saliva works !
By releasing the POC update today DB is getting this news out of the way before the imminent Trading Update, he can then deliver a Trading Update that is All positive ?
Feels like this would be a Good strategy, if this is the case !
After all we still have a Plethora of Great News to come our way - nothing changed here !
Exciting Times Ahead for All ! IMHO