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Canute, thank you for your insight. I accept what you say. I do not have any ulterior motive. There are many people ranting on here, on both sides of the argument. The test will sell very well because the world needs it, SP will naturally follow, I hope so for all investors sake including mine. However my original comment stands, I would prefer a different distribution partner. Only time will tell if Kamanis involvement will hold back the SP.
We all have different viewpoints Vegas, I also shop online, we all do. Doesn’t mean you don’t have to care. I will shop online for our new saliva test and it will be good to know no one has been abused in the manufacturing process.
Thanks PL, just for the avoidance of doubt my point is that YOU and I and all other holders will be better off without them. I for one do care a lot if they are behind the sweat shops and I have no doubt many other holders here who bought this share for the right reasons will also care greatly. I also don’t think the kids with the throw away clothes are our main target market. The family wanting a pack of our kits to test themselves are more likely to be reading the Sunday Times Insight reporters findings and be reluctant to line Kamanis pockets, surely you can see the point here.
Thanks PL75, I enjoy your posts. The Govt may have named us, I don’t believe I am ‘unbelievably idiotic’ as our market is much wider than PHE, they may have named us but we don’t need Medusa to sell to PHE, Avacta can do that directly, we need them to sell to Joe Soap and I think Joe will be reluctant to buy from the Kamanis!
Thanks for your kind thoughts folks. The sheep are already sheared! My largest single shareholding is in Avacta ( 7 figs) I have a vested interest as a long term holder, I have the companies best interest at heart. We will all be better off without Kamanis involvement, can anyone really state a case where, knowing their now exposed trade practises we will benefit from their involvement?
I would be very happy if Kamani/Medusa handed back the distribution rights to Avacta. The SP will always be held back as long as they are involved, public will be reluctant to support their businesses any more. They need to focus all their efforts on BOO and let’s face it they will benefit massively from an increase in SP. Hopefully Avacta can renogotiate with a new distributor, better for everyone, even Kamanis!
People do care where their stuff is made and under what conditions! As investors so should we, I don't want to be associated with Boohoo's dodgy practice and have sold my shares. My largest single holding is in Avacta, I am disappointed the Avacta BOD have got involved with these guys, it cannot possibly be good for future credibility!