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I've noted this board keeps saying the MMs are accumulating. They're not. No MM would want a huge exposure to this share as it can both plummet and soar on rumours alone. They make their money from transactions not investing. If buys are being met by sells - it simply means someone is selling. Its as complicated as that.
I think the market for covid detectors is far greater than Simon in the IC speculated. In a post covid world which large company could afford to be accused of not protecting its workers or customers from covid if a simple detector exists
This reminds me of Pace Micro - who made the first Sky+ box going to £14.00 after sitting at 20p.
It was the dot com boom.
Which reminds me of a quote from a billionaire investor who boasted" he made all his money by getting out too soon".
GLA. Weve got a bit of run to go yet !
Thierry Bolloré, who took over at Britain’s biggest car maker in September, said all JLR vehicles will have electric options by the end of the decade.
The company is also developing hydrogen fuel cell-powered vehicles in anticipation of future demand for cars powered by the gas.
Thierry Bolloré, who took over at Britain’s biggest car maker in September, said all JLR vehicles will have electric options by the end of the decade.
The company is also developing hydrogen fuel cell-powered vehicles in anticipation of future demand for cars powered by the gas.
I think any company that is developing high tech equipment suffers from cash flow. Kromek is no different. Its has fantastic products but they are expensive to make and they are for a specific market. They are never going to be able to accrue huge amounts of cash. I have experience in a similar field with iris recognition. It was nursed along but never really achieved anything although it was a 100% accurate. Having a great product is no guarantee of making big money. It takes large amounts of cash and some savvy business people.
I think a takeover here is a distinct possibility - its no longer a niche product company - this is like making the first light bulb. The demand for protection from Covid related impact is now very high on the charts for big businesses across the world.
I think the Covid Detector situation changes the companies investment plans significantly. Last year there wasnt a huge market for pathogen detectors beyond the military. The fact that the Institutions have had detailed briefings and decided to invest £10 million should give you confidence rather than shaking it.
If they have raised £10 million from institutional investors that does suggest a level of confidence surely that the share price will climb yes or no ? Do you randomly invest £10 million in things that offer no chance of getting all your money back :-)
A month ago MrG123 they would have known that the explosive growth was dependent upon being able to manufacture the product in large numbers. Its still the case. This money raising is for manufacture, distribution and marketing.
They do need to spend some money on marketing and I dont mean billboards and radio adverts. Selling a covid detector means mailing and contacting the key people at airports, seaports, big venues, hospitals etc etc. Its labour intensive .
If you went to a manufacturer and said I want you to make 20,000 complex products a year and I'll give you a cut at the end - what does the manufacturer say ? Yeh sure no worries - I'll fund the build of the production line and inventory buy. You need up front funds to allow it to happen. Marketing is also key to this product. They cant depend on twitter and word of mouth. It all costs money.
The demand for the covid detector will be huge. They have to scale up production massively - Its a different league to radiation detectors which are niche items for a niche industry. Its like comparing the market for Voltmeters to the market for ipads.
A British start-up building hydrogen-powered cars has won backing from Siemens, which will help mass-produce the vehicles.
Riversimple, based in Wales, has joined forces with the German industrial giant to collaborate on product design, supply chain management and industrialisation as well as helping secure financial backing for the “Rasa” cars.
Powered by a hydrogen fuel cell, the Rasa - “clean slate” in Latin - is pollution-free.
The two-seat cars, which have a top speed of 60mph and a 300mph range, will be leased rather than sold to drivers.
Riversimple estimates the total cost of ownership - including fuel, insurance and tax - will be about £500 a month to drive about 10,000 miles a year. That is about the same total cost of running a VW Golf, according to founder Hugo Spowers.