Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Offer in the pipeline ?
It doesn't come as any surprise that the Vatic TT date has been and gone without a statement from the company. Why state the end date in the 1st place if you have no intentions to update the shareholders on the process. As usual terrible communications leading to sp erosion until news
Not sure I've seen this before, just popped up as a reminder in Windows. Is it new, Do ABDX have anything to do with the manufacture ?
https://biosuretest.com/collections/shop-now/products/healgen-rapid-covid-19-antigen-self-test?utm_source=pushowl&utm_medium=campaign&utm_campaign=2118920&pn_source=campaign&pn_source_id=2118920&subscriber_id=154877611
It's easy to get excited about the Vatic TT and potential orders, but buyers also need to be aware that this situation isn't unique to ABDX. It's happened before with ABC19, Biosure TT and Avacta antigen TT only to lead to disappointment. Not trying to deramp just putting some perspective into the argument. ABDX have a habit of over promising but under delivering hence why the sp is in the gutter. We need genuine orders to get this stock back on track.
Same ever Monday, sp takes another leg down, no doubt go into single figures this week as the directors don't seem to have any intention on updating shareholders as to what they are actually if anything manufacturing.
Great article and very relevant to ABDX, as GLP may not have the legal power to sue meaning they will no other option other than to the drop the case. I really do think this is one of the main reasons why the sp is in the gutter. Best outcome would be case dropped, £8.5 m paid to ABDX, reputation recovers and the possibility of working with the UK government again with Anti body testing
SNG sentiment and end of free testing is battering ABDX, but what's new I've come to expect this every Monday morning. Directors do nothing as per usual whilst the sp sinks into oblivion. Now sitting on a 75% loss. No more AIM for me. It's just one big casino...black or red anyone ?
Something seriously amiss here now, I get the feeling that there may be a skeleton in the cupboard that we may not be aware of. York and Doncaster are only down the road to me. Tempted to pop in the car and check out whether the factories are not been currently converted into the local Chinese takeaway. The silence from our inept board says it all really, no words of reassurance, explanation of sp weakness, orders, procurement, TT, etc.....nothing, absolute zilch !
Market pricing ABDX as potentially the next ODX, two manufacturing plants running at high costs producing...well..who knows...fish fingers ! Money likely to run out again in spring now no revenue stream from Avacta test...Chinese will no doubt pick over the bones once the keg runs dry. Total catastrophe, most ineptly run company I've invested in. Do they actually have a sales team cos not one sale of product in the whole of 2021 as far as I know ?
The Company notes that its lead partner in the Rapid Test Consortium, Abingdon Health, remains optimistic about the opportunities for AbC-19™ however with the planned withdrawal from the Alva site, the Company will no longer be in a position to participate in the Rapid Test Consortium.
I've long since lost any optimism for this company, I just can't bare the thought of consolidating such a huge loss, I really am no further on from understanding what's going here since they launched last year. The PR is atrocious, I'm not even convinced that they are actually producing anything of note since the Biosure antibody test is permanently out of stock, ABC-19 is dead in the water and they can't seem to complete any TT for LFT's when world actually need them...yet their quite happy to keep to plundering loyal shareholders savings to keep the lights on...total basketcase
We had one this time last year !
This time last year we had a trading update, in fact there was 3 in the 1st 8 months after listing. I suppose its way too much to ask now, as how things are progressing. The comms from this company are an abomination. No wonder there down a neat 11% again today. Totally stinks !!