RE: Great Week ahead22 Nov 2022 17:43
Where's his optimism coming from? Have you read the RNS?
Some highlights for you -
"....comprehensively positive results"
"....the test results met, and in many areas exceeded, our expectations in all respects"
"....A further significant development was that the prototype fillets were all produced without the use of conventional plant-based scaffolds or fillers, as have been universally adapted by the industry to date in order to ensure structural integrity. The fillets were therefore 100% meat, leading the Company to believe this is one of the world's first 100% cultivated meat fillets to be produced.
This was made possible as the fillets were cultured in 3DBT's patented, serum-free and animal-free cell booster, City-mixTM. City-mixTM enhances growth of cells and tissues to the point that the need for a scaffold is eliminated. City-mixTM is a critical intellectual property component of the Company's offering, providing clear competitive differentiation and world leading technology.
As previously announced, the Company expects to produce a larger scale prototype in six to eight weeks and is on track to produce its showcase full-scale fillet of 100% meat in early in 2023."
Che Connon, Chief Executive of 3DBT, said: "We are extremely pleased with the results of our first prototype which has exceeded our expectations in terms of integrity, aroma, texture and more. We believe our prototypes to be some of the first fillets of cultivated meat in the world, representing a ground-breaking development for the industry."
"A further industry milestone is that our prototypes are 100% animal meat, having nativelike structure without the need for plant-based scaffolds. This structure without scaffold was achieved through culturing the fillets with City-mixTM, our patented animal-free media which represents the next generation in growth agents. The success of our prototypes puts us firmly on the path to producing our first showcase fillet of meat and we are hugely excited for the future."
Anyone with any sense will be buying this in the lead up to the next news (6-8 weeks). They ain't going to wait until then. that news could be as soon as 5 weeks away, with one week already gone, that's just over a month. And there may well be news in the meantime.
Reality check. The market cap is a miserly £9m, it's insane. US companies with inferior technology are worth many multiples and rightly so, in which case where do you value this with it's far superior, patented tech? And BSFA also have the medical angle to play with, adding even more revenue streams.
It's an absolute no brainer and once the traders have taken their percentage, it will rerate to a much higher level PRIOR to the next news. It ain't going to wait.
Aimho, dyor, etc...
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