Member Info for loskins

Yeah...let's just get it out of the way, feels like death by a 1000 cuts at present...daily drops.... obvious from RG selling that he doesn't want any part of the next fundraising round !!

I nearly stuck my toe in before this TU, pleased I didn't ..cash burn, inflation and supply issues look problematic going forward. Hope it holds up, but can see it dropping short term

Possibly because of this extract from the today's ODX report.
Furthermore, revenue for the Global Health Division (CD4 and AbC-19TM) increased by nearly 300% at £1.9m (2020: £0.65m), £0.9m of which was for the AbC-19TM COVID-19 antibody test. However, although making a significant contribution, this level of AbC-19TM sales was below original expectations.

https://www.crowdjustice.com/case/abingdon-health/
They just keep turning it over every 30 days until they raise the cash....I dare say,...,tory cronyism exists ..i but I do think there are more extreme examples of it worth pursuing rather then this case against Abingdon.

Words fail me, this is absolute travesty. Pioneering UK diagnostics company with cutting edge technology and large scale manufacturing capabilities professionally procuring answers to a worldwide crisis been cut dry by a once supportive government and a tax payer supported law firm pushing a debatable agenda. Seems wrong in so many ways. Rant over !!

Until the Richard Griffiths has sold up his stock this will continue to fall...he still had 4.88% back in early May....you would like to think there is a pretty reasonable support at 1.5p because of the previous placing

Excellent RNS, ABC-19 proving to be best in class with 96% positive user experience. Surely this test has to be passed off for home use by the MHRA one of the main stumbling blocks to future orders. Has the GLP really got a case against a government choosing the best antibody test to take the country out of lockdown ? Seriously !!

and judging by the price action looks like another one is on it's way..1.5p again looks likely

I thought the Siemens JV was the game changer required to move this stock in the right direction, seems the market disagrees. Hugely disapointing to see Invinity down at these levels again..not sure jam tomorrow works too well in today's market everybody is after instant gains hence the popularity of crypto's.

Does it come to point in order to preserve cash, that you halt manufacturing a test (ABC-19) until we have more clarity as to it's overall effectiveness. Surely we should wait until the results of the biobank study instead of ploughing millions more into a test that may never get used and indeed may never get paid for !!

Incredible to think that only 9 months or so ago Loop was valued at nearly four times higher then the current sp..this really is testing my patience !

https://www.fda.gov/medical-devices/safety-communications/stop-using-innova-sars-cov-2-antigen-rapid-qualitative-test-fda-safety-communication

Court costs have been capped to £170K, hearing begins in Autumn
https://www.crowdjustice.com/case/abingdon-health/

Excellent Post.

Should see a healthy rise today and about time too !!

due next week ?..

Agreed Sandbag, but it's hardly a huge endorsement of confidence spending less than 5k on shares by a CFO. I'm more worried that pending court case could distract from all the good work ABDX have done over the previous months. Maybe they might have to sit on the side lines until the case outcome though I am unsure as to what the good law project hope to achieve by suing the government.

We all know the potential positives of ABDX, but why do we believe the stock is now nigh on 50% below IPO price.
My thoughts are 1. Unpaid gov invoice , 2. Good law project pending court-case 3. Possible unreliability of ABC 19. 4. Cash burn. 5. Tory cronyism on receiving initial order. 6. Cancellation of order for 10m devices. 7. Biobank study uncertainty. 8. Uncertainty of receiving additional manufacturing orders having not been named in tendering process
Anyone's thoughts !!!

I can only assume no-one seems interested in buying up the stock from the Bushveld sell-off therefore the market makers are inundated with excess stock unless a ball crunching RNS is on it's way..so much for green technology ?

Down 50% in two months, rarely have I experienced such relentless selling of a stock in such a short period of time for no apparent reason. Yes we can take into account Bushveld selling their holding to reinvest elsewhere but still this is now by far the worst performing stock in my portfolio and to be honest I'm at a loss as to what to do. The fundamentals and technology are principally sound, large placing at £1.75 you would have thought should have underpinned the sp but here we are heading towards sub £1 by the end of the week. Not sure whether to average down here or at they only other abomination I've got ODX. Both neither fill me with optimism so I might just hold onto my cash until I see some sort or reversal. Rant over !!