Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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No doubt when news comes it will make a big difference to the price here , one way or the other. What we do know is that when the last RNS came out it was far more uncertain that Covid-19 was going to be a global pandemic than it is now. We can all see from the news that there’s going to be a massive need for test kits. I’m not interested in ramping this. Of course there are risks, the most obvious one is from competitors entering the market but I’m prepared to back the view I’ve taken here by sitting tight on my shares until there is some news. I think the upside could be massive here and I’m prepared to run the risks in sitting tight whilst the sp moves down.
WHO do not officially declare pandemics anymore
FDA fast tracked approval won't be before mid-March going by the fast tracked CDC test kit.
Don’t be absurd - the US FDA Emergency Use Authorization is 1-2 weeks! Stop misleading people - as was pointed out yesterday Primerdesign website has the FDA CDC logo on it as a partner they work with so we have established partnerships with them already. Their own US CDC have struggled to produce a reliable test and had to withdraw some so here is one reliable test kit by NOVACYT presented to them with CE approval and it is being used already by others and works. Why wouldn’t they want it...oh and it’s cheap too!
Imho DYOR
Let’s stick to facts eh. The official “fast track procedure” is 60 days.
https://www.fda.gov/about-fda/center-biologics-evaluation-and-research-cber/fast-track-designation-request-performance
I think they are very busy with orders and production as we are facing a pandemic. It is more important than daily share fluctuations. Once they update the market, the SP will go far over £2.
Sharebel, so the approval process only 1-2 weeks. so, if we assume 2 weeks, then we should get the RNS tomorrow/next week? when did we submit application?
Emergency use!
China fda news due any time
dgbell - ours has already gone to market - competition has only just worked out how to produce a test. Is theirs reliable and as accurate? How are they going to produce, distribute, logistics etc? We are already selling it. The Covid-19 virus hasn’t got time to wait for ifs, maybes here - it’s a life and death situation. We have what they need - cheap, accurate, fast non-invasive easy to do test. Why would countries who can see the spread daily amongst their citizens wait for any competitors to produce? Plus we also have enough funds to produce the quantities needed. IF investors want to invest in shares to help the outbreak then this NO1 in the charts!
MM’s know this - they’re collecting rapidly by trying to bring it down (unsuccessfully) with just over 67 million shares and not many in free float. Furthermore France/Macron is gearing up for the seriousness of the outbreak - of course they’ll use a French/Anglo company test kits!
IMHO DYOR
Getting close to the top again for another day trader rinse & repeat....very likely.
It is clear that my projection this morning is more or less spot on.
For those that missed it, I calculate sp this afternoon at around 85p, nearly there!
Yes Ivan’s anytime now like any time Today RNS can drop re FDA approval.
IMHO DYOR etc etc Ivans
Wow drax you’re so clever and dreamy. You melt go back to chicken molesting.
merely trying to keep feet firmly on the ground!!
Drax is mystic meg he/she can predict the future
Agree with your 12:00 post. However, one very important point you missed, - Portable.
Sharebel being first mover certainly is a big advantage for us but competition is inevitable. Hopefully we will have established a strong market leader position by then.
What the MM’s are up to , beyond making money on the spread , is speculation but I tend more to the view that it’s extreme short -termism from PI’s that’s causing the drop despite the obvious increasing need for testing. That’s just how some people roll , they are straight on to the next “hot” thing and that’s their right-it’s their money. However I , like many posters on here I believe, see this as a massive opportunity by sticking with this Company who are producing a product that the world really needs.
Drax, time for you take a long walk
Is the RNS expected anytime
Every day for the last 2 weeks according to the bb. 2:30 pm if not at 7:00 am.
Oh sorry the question has been answered.
Off a short pier...Drax!
or they would have been issued a speeding ticket!!!!