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...clueless at the moment as i have not yet researched this share.. (midnight oil ready). Can anyone suggest a buy price or is this looking priced in at the moment...?
:)
I'd say you may be ok..
CTEA Joint venture with BHA Medical, the exclusive UK distributer of the Healgen 20 min tests.
https://www.catenaeinnovation.com/bha-medical-joint-venture
https://www.lse.co.uk/rns/CTEA/joint-venture-with-blackhive-africa-medical-6ypfso26p51qejx.html
The firm manufacturing the tests.
https://www.healgen.com
The test
https://www.rhinodiagnostics.com/healgen-antibody-test
Earlier FDA approval for test. It’s already in action.
https://www.labmedica.com/covid-19/articles/294782743/healgens-covid-19-igg-igm-rapid-test-kit-granted-fda-emergency-use-authorization.html
The UK governments confirmation Healgen is on the list of three..3rd one.
https://www.gov.uk/government/publications/assessment-and-procurement-of-coronavirus-covid-19-tests/lateral-flow-devices-results
BMJ Article on leaked document shows the plan to go to 10m tests a day by 2021, talks of a Passport/ID app.
This will tell you the growth we can expect to see here. 3 tests, we have one, and the app.
https://www.bmj.com/content/370/bmj.m3558?int_source=trendmd&int_medium=cpc&int_campaign=usage-042019
Vest shares..
“The options vest if the Company's 30-day volume weighted average share price is above the Vesting Criteria for a period of 15 consecutive calendar days as set out in the table below.”
https://www.lse.co.uk/rns/CTEA/change-of-director-role-and-grant-of-options-w27wmud2m5ak09p.html
Directors have vest shares all the way to 50p. Not only that, the price must hold for a continuous period of time.
Guy Meyer
6.578m at 10p
2m at 20p
1m at 30p
1m at 40p
1m at 50p
John Farthing
2.3m at 10p
700k at 20p
350k at 30p
350k at 40p
350k at 50p
One of CTEA’s creditors has recently taken shares as payment instead of the £12.5k owed. Wonder why they would do that..
https://www.lse.co.uk/rns/CTEA/creditor-share-conversion-and-notice-of-agm-7ynfcycnrrbch55.html
The Blockchain..
https://www.chainzy.com/case-studies/cov-id-project/
Wow weathergeek great post you are absolutely spot on
In terms of financing I do not believe they will place as they have close to a million currently & the JV give them the tests etc upfront. It does not cost CTEA anything. Well, I’m sure there are costs but nothing upfront
Healgen tests used in North America
FDA approval for the antibody test
https://mobile.hospimedica.com/covid-19/articles/294782744/healgens-covid-19-igg-igm-rapid-test-kit-granted-fda-emergency-use-authorization.html