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Why would the Directors throw their own money at it if it was a dead duck. Bit of a wild gamble?
https://twitter.com/Abingdon_Health/status/1321511041839337472?s=20
City
"Perhaps things like packaging have already been ordered in their millions ?"
Yes they have as I've seen the evidence. >c.20m last time I was made aware.
Bit of a gamble to produce all these packages with no orders. Doors about to be blown off at some point surely.
Trades now dropped off a cliff. Hardly building up to a crescendo at the moment. Hopefully the calm before the storm.......
Courtesy of Barrywhit on advfn
https://www.businessinsider.in/india/news/gujarat-government-allows-private-labs-to-conduct-covid-19-rapid-antibody-test/articleshow/78552070.cms
Ok. So I posted a couple of months ago now to advise that I knew that at least c.15m ABC-19 Rapid Test boxes had been knocked up. Have just been informed that there's another production run of several million more boxes in progress.
Someone's giving some big orders out there .......
Presume you guys have seen a little exchange on ADVFN earlier. Would certainly explain the current sp holding pattern. Poster has reliable form .....
"The house brooker is approaching possible participants for a placing. Also open offer is being considered via primary bid. Money is urgently needed to upscale manufacturing.
8 Oct '20 - 13:33 - 12836 of 12837
"We might get more details or leaks next week. Keep an eye out for some big sells , these will be shares being forward sold".
https://twitter.com/Abingdon_Health/status/1313504556601442304?s=20
Game on
https://uk.reuters.com/article/healthNews/idUKKBN26R2MM?il=0
Interestingly they've actually posted latest accounts. Can't believe they would have bothered. Not available to view yet.....
KT. Interesting post. Thanks for sharing.
Posted earlier this week by NXC (believe ex ODX director) on ADVFN. "People read too much into things like Friday's presentation - the guys at TP have been wanting ODX to present to their audience for some time - it was not possible earlier due to the fundraising etc - I was asked last week to follow up on TP's behalf to see if ODX would still be interested in presenting and Colin responded positively - all serendipitous and not part of a grand communication plan as implied".
https://www.theguardian.com/world/2020/sep/27/uk-market-flooded-by-inadequate-covid-tests-experts-suggestThe group is led by the RSS president, Prof Deborah Ashby, together with Prof Jon Deeks, who has pointed out the failings of a number of tests. Deeks has cast doubt on the claim that an antibody test made by Abingdon Health and backed by the government is “99.4% accurate”
https://twitter.com/Abingdon_Health/status/1309560844850802690?s=20
So the countdown has begun. Only 6 days to submit year end 2019 accounts with companies house.