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This may re-rate over time but with over 100m warrants at 4p to get rid of its going to be a slow process
See Abingdon have completed the CE test for their Covid test and are starting to manufacture.
So why have we given up on our test after investing £2.5m.
Seems to be demand for testing kits.
Will the sepsis test go the same way as our covid test. No plan has been given on a timescale so we have no way of knowing and the Prof has climbed back into his shell
It would appear that TBs token purchase of shares at 11p + have given the market a floor and an indicator that he will buy at that price. It is worth remembering that last years bonus shares 1.2m for TB and 600k for Vic are redeemable at 33p. So a way to go to collect last years bonus
I urge you all to read again the RNS of 13th Aug which states the proceed of the placing of nearly £2.5m will be used to bring the covid test to market or be sold. So we should be told if we now have thousands of shoe boxes with kits waiting to be sold. If we do not have thousands of boxes where has the money gone. Who was ever going to buy the test without the CE mark.
Reading today's RNS I think it says the test could have been sold but not enough was offered.
I kept faith with the Prof but now feel I was conned. Without the CE mark the whole thing is worthless.
Bester your research into the company history matches all the other rubbish you post on here. BRH was founded and based in Perth(Scotland) in 1997to back medical spinoff from Gasgow University with backing from the publishing family in Dundee. They moved to Barnsley many years later.
If Alice has been selling the remaining 1.8m shares there will not be much profit as the buying today was about 18p. On the 2.2 m sold earlier the profit will not have been much more than 4p giving a profit of about £90k. If TB had wanted to give FAB that amount it would be loose change for him so why bother with all the faf with the shares as it seems hardly worth the bother unless TB bought the shares and that is perhaps a tax efficient way for him to give FAB nearly £1m.
Anybody else have a better explanation for all the messing around. There must be a reason or else they would have kept for the big payday. TB may not be a director any more but he holds all the shares in FAB through his company, Free Publishing Ltd.