RE: YGEN15 Jun 2020 09:53
Jadam
I feel it's disingenuous to imply I said the price doesn't matter in your statement without including the full quoted text which you did on the first line. For clarity, I'm not saying the price doesn't matter. I'm saying the price today or next week doesn't matter, it's going to need time. The CE mark doesn't add a thing today that wasn't known other than opportunity. We've said for two weeks it was in the bag and most agreed at that time.
If you read the RNS LR alludes to the issues in just getting the product out during a pandemic.
"As Europe emerges from the restrictions implemented due to the coronavirus pandemic, the Company expects to roll-out the ION A® Nx to its laboratory customers across the UK and Europe in the coming months, as well as establishing its own laboratory based test service using ION A® Nx at the Company's facilities in Manchester.
Yourgene will work with its customers to allow technical installations to take place that ensure social distancing within the lab and remote work will be undertaken to ensure customers have access to the IONA Nx as soon as possible, despite current travel restrictions. "
You then stated
"the CE mark is a game changer for commercialisation into Europe and the rest of the world and whether this was in the price or not, for such major news, I feel Lyn has failed to capitalise on it. "
On the above quote. LR stated in the rns "Further details about IONA® Nx will be announced following the full commercial launch and a further update will be provided to shareholders in due course."
Can we at least give them chance to get to that stage and start generating some income? What the price does before that is irrelevant imo. At times like these I don't think we can expect everything to be fully priced in. I still think it's a solid investment case.