ABDX is owed £8.9m from the DHSC.3 May 2022 11:55
Here is a breakdown of the numbers from the 9th August ABDX disclosure briefing and a reminder from our CEO of why this week could be the tipping point for our share price once this court case is resolved:
The following information is sourced from the 9th August 2021 disclosure filed by ABDX.
* ABDX is owed in total £8.9m from the DHSC
* For a combination of tests delivered (£5.2m)
* Components bought on behalf of DHSC (£3.3m)
* Plus a further commitment of (£0.4m) for goods not yet delivered to which DHSC retain legal title
* The Group believes that there are no legal grounds as to why these monies are not being paid in full
* The Company can confirm that no member of the senior management has sent or received texts or WhatsApp messages with Lord Bethell or any other Government ministers
* The mobile phones of the senior management team at Abingdon Health have not been replaced or lost and the senior management team are happy to confirm in sworn evidence that no such text or WhatsApp messages were sent or received
* Abingdon is participating as an ‘interested party’ in the judicial review to ensure that accurate information is available during the process
* The Company was told by DHSC in January 2021, both verbally and in writing, that payment for the 1 million tests had been cleared for payment.
* As a British company and a leader in the field of lateral flow testing, Abingdon Health responded to the Government’s request for healthcare industry experts to pull together in a national and international emergency, and this led to the formation of the UK-RTC, a consortium of UK diagnostic companies
AND don't forget that once the case has been settled what ABDX has to offer....
“We believe that antibody testing programmes will be rolled-out around the world, where there are clear use cases for antibody testing, including checking levels of immunity both prior to and after vaccinations, as well as potentially assess which individuals should be prioritized in vaccination or vaccine booster programmes. Given that our AbC-19™ rapid test could be a key tool in maintaining public safety, confidence in vaccines and supporting effective vaccine booster campaigns, it is very disappointing that we have been caught in the cross-fire of a battle over transparency and accountability, which has meant this British developed and British made rapid diagnostic has not been substantially deployed here in the UK" - CEO, Abingdon. 9th August 2021
Good luck, Brighty