RE: These guys should be in prison18 Sep 2020 06:58
I really don’t think that’s the case, I agree the timing of the acquisition and placing is fortuitous however this would have been set in motion a long time ago and in fact it’s quite probable that the placing may actually have been at a slight premium as TTG was trading around 190 recently prior to the iAbra collaboration
iAbra appear to have been thrown into the spotlight as a result of their successful trials at Heathrow airport and the associated press . To be fair TTG announced their manufacturing agreement earlier this month and even on the most recent communication detailing the launch they confirmed that although they had received orders totalling £2m the potential £280m was subject to regulatory approval - with iAbra receiving so much press it looks as though TTG were forced to notify the market
I hold and am currently underwater, however, with or without iAbra I’m confident that my money will see a decent return, however, I’m naturally hoping that we do indeed see £280m + orders of Virolens as this revenue would make the most recent highs look very cheap
TTG is not a pure Covid play which is what makes it interesting
A few days of turbulence but with potential blue skies ahead