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I imagine AS is very uncomfortable with the share price sitting below the 120p placing price. He must've offered some significant promises in order for II's to come on board at 5 x what the share price was only a few months before.
Nothing bad has happened. Everything is fine, aside from the share price of course...
Ultimately we are in the same position as we were last week. Don't let the share price dictate your actions when the fundamentals remain the same.
1. Nothing bad has happened with tech transfer. RNS to confirm completion of tech transfer could land any time now.
2. We will sell every test we can make.
There may be a list of 6 lateral flow assays tomorrow. If there is, it doesn't make them better than ours, just ahead of us. They may also use nasal swabs for the sample...
Can't see how we could win a tender without clinical validation. However, on a positive note here's two things we do know:
Firstly, NOTHING TERRIBLE HAS HAPPENED WITH TECH TRANSFER. There would have been an RNS if this were the case. Furthermore, Sir Al selling shares ahead of bad news is a big no no.
Secondly, an RNS for tech transfer is due around this time and could arrive at any moment. We are currently sat within the expected time window for its completion.
This will land out of the blue and all of these nervous posts will be instantly forgotten.
PL75, I emailed you earlier not sure if you've seen it.
Yes good point... I should revisit boo, I had somewhat forgotten about that one! Caught the last rise, bought in around 230 and sold out just under 400. NYCT is a fairly safe bet which I already hold (back in for the third time). I don't believe PCR to be a solution to the pandemic, but the numbers don't lie. Their market cap is far too low for the money which is being made. Should move up further now but if there's a trading update out the blue it could spike imo.
ODX isn't for me but that's a can of worms which is best left unopened on the AVCT board!
I'm also very bullish on SNG at the moment, good consolidation now. I think that will be on the rise again soon. Having messed up on the first rise (I sold at 100p having doubled my money and then watched it soar past 200p) I'm keen to redeem myself on that one!
MF, my understanding is that you can self certify your own CE mark for professional use, assuming your product means the necessary criteria. I think this was covered back in the summer. Happy to be corrected if I'm spreading false info but this has always been my understanding.
Profit00, we think it's this test developed in Spain... shorturl.at/dpIT3
Remember this is an antibody test and is not suitable for detecting the infectious period, as by the time antibodies are produced you are beyond that period. In theory it can detect current infection, but by that point it's too late to be of any real help.
Wyndrum, I don't agree with what you're saying. The Avacta share price has risen from 20p to 170p, (previously well beyond 200p) due to covid-19 opportunities. This is all on expectation of a positive outcome.
If the market didn't believe Avacta could do it, then share price would have tumbled. The current level has is fairly average and seems to be the point where the market is comfortable with the risk vs reward. We've only risen to 200p briefly because of third party coverage such as the Boohoo boys in the papers and Bojo discussing rapid testing. Once the excitement has dwindled the share price has returned to this level.
It's misleading but not false advertising. I did an extensive post on exactly this question a few weeks ago.
An antibody test can detect current infection, so it's not 'false'... However by the time you have antibodies you are already past your infectious/most infectious period. It takes around 7 days following onset on symptoms to develop antibodies. Avacta are aiming to detect the most infectious period of two days before symptoms show through to seven days afterwards. Would dig out old thread but I only have phone as currently abroad so not as easy.
mortgagefreeman, why don't you just sell your position and go away. 775 posts of complete rubbish.
When you invest in a good company, you get to make money off other peoples hard work and success. If you think you can do a better job, then go and start a business of your own and then you won't have to worry about waiting for other people's hard graft to earn you money.
I'm not sure why you think you know better? Do a search for the "Dunning Kruger effect" graph. You're on the peak, known as "mount stupid."