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"ThePunter1 - That is one of the saddest, most tragic things I've ever read."
I know tragic huh? I console myself with the fact I only made a small three digit percentage profit on this stock. Small mercies and all that.
My Calculation was very conservative one.. If you take close look at the documentation again for FPU
https://www.genedrive.com/documents/17161082FP_FPU_CoA.pdf
it mentions batch size as number of kit pouches (10 plates)unlike other two it clearly states plates. So It could have been even bigger order than i previosly thought:
(800 x 24000) + (1515 x 2400) = $22.836
I think Beckman Coulter would make a big order from us on credit, later when they sell up they would notify GDR with sales and left over stock and some sort of agreement to return expired stock. May also place a new order too..
Every medical kit import into US has needs to marked with registration number of manufacturer and is available on public domain. PI's would know first even before an RNS is released like last time.
This is not a ramp, just my thniking based on freely available documentation.
I understand a company can’t communicate every time something happens but GDR takes the
"Why am I here? I like being able to say I told you so. However long it might take."
ThePunter1 - That is one of the saddest, most tragic things I've ever read.
Ah, when people walk and talk like a duck and go by the name of 'Donald', I wonder if they might be a duck. My mistake. And I agree on spread betting.
But it all comes out now.
So you've picked GDR to post on purely to be able to tell us poor uninformed investors 'I told you so'. Ok.
No I do not partake in spreadbetting, gambling on leverage scares the bejesus out of me. The screen name is a nod to AIM investing which in most cases is gambling.
I most certainly do not frequent places like twitter.
Why am I here? I like being able to say I told you so. However long it might take.
Talking of narratives, ThePunter1, am I mistaken about your spread betting? Curious. You seem like a betting man if you're the same ThePunter1 off twitter?
Which you might I suppose not be, can't help but ask. You've said you'd not invest here yet most of your current lse posts are here and negative. Which is an odd use of time but each to their own I suppose. One of the crew one way or another I'd guess but that's just my view and I know you won't let it detain you.
It does seem probable these 3 lots were shipped, good research. I understood the $400k to be for the whole shipment. Naturally Beckman will be selling the kits for a lot higher, seems they got a great deal on the initial shipment if the market value was $5m. They'll be paying a lot more for the second shipment! :)
Considering the recent updates to the Beckman website's Genedrive pages/content it certainly suggests they are persuing with the Genedrive kit. Looking at those expiry dates, it does seem likely a second shipment will be sooner rather than later too :)
"Could be a sale-or-return arrangement?!"
That would tie in superbly with the narrative on here.
This time next year Rodders.
No other distributor or countries have such requirement. and hence i thought these certificates were produced for just for first shipment to US
Jimi - The main resaon why i thought whole stock was sent is:
all the kist quality checked on same day.
FDA expects manufacturer to quality check them and upload certificate in public domain.
As per below site all three types of kits were shipped
https://fda.report/Company/Genedrive-Diagnostics-L-T-D
no other shiptment was shipped since then, any medical kit gets imported to US has to be listed on public domain
Jimi - The main resaon why i thought whole stock was sent is:
all the kist quality checked on same day.
https://fda.report/Company/Genedrive-Diagnostics-L-T-D
Where does it say that all of the 2315 plates were shipped to Beckman Coulter?
According to documentation available on genedrive website below stock was quality checked and shipped to Beckman Coulter.
LPU - 475 plates, stock expired on 30 Jun 2021
FPU - 800 plates, stock expires on 25 Aug 2021
BPU - 1040 Plates, stock expires on 09 Sep 2021
Total plates = 2315
https://www.genedrive.com/assays/96-sars-cov2-documentation.php
Total value of shipment is 2315 x 2400 = $5.566m. out which of which BC consumed $0.4m worth for demo and paid us. There is still $5.166m worth of stock left to sell with BC and all of them are nearing to expiry soon. so I would expect BC update sooner or no later than 09 Sep.