Member Info for dgbell7

There’s a lot of day traders here and if that’s your thing good luck but I’m focusing on the opportunity here. The company is now worth about £50 million and it won’t take much good news to justify that valuation and more. Coved-19 is only starting to bite and the need for testing is very obvious. I’m sitting on my holding and exercising patience.

I’m pleased with the RNS. We are only at the start of the world’s reaction to Covid-19. The Company is making good headway in these early stages. Over the weeks ahead I think there’s every chance of further very positive updates. I’m sitting tight on my holding.

Sharebel being first mover certainly is a big advantage for us but competition is inevitable. Hopefully we will have established a strong market leader position by then.
What the MM’s are up to , beyond making money on the spread , is speculation but I tend more to the view that it’s extreme short -termism from PI’s that’s causing the drop despite the obvious increasing need for testing. That’s just how some people roll , they are straight on to the next “hot” thing and that’s their right-it’s their money. However I , like many posters on here I believe, see this as a massive opportunity by sticking with this Company who are producing a product that the world really needs.

No doubt when news comes it will make a big difference to the price here , one way or the other. What we do know is that when the last RNS came out it was far more uncertain that Covid-19 was going to be a global pandemic than it is now. We can all see from the news that there’s going to be a massive need for test kits. I’m not interested in ramping this. Of course there are risks, the most obvious one is from competitors entering the market but I’m prepared to back the view I’ve taken here by sitting tight on my shares until there is some news. I think the upside could be massive here and I’m prepared to run the risks in sitting tight whilst the sp moves down.

Here’s a link to the WSJ article earlier about US firm Moderna working on a vaccine. Didn’t sell any of my holding here but bought in to Moderna earlier.
https://www.wsj.com/articles/drugmaker-moderna-delivers-first-coronavirus-vaccine-for-human-testing-11582579099?mod=trending_now_pos1

https://www.telegraph.co.uk/news/2020/02/25/mass-testing-uncover-spread-coronavirus-britain/