Member Info for Lp160606

Hahaha please do ST.

Bbw you seem to of left out the 20 million in sales ncyt achieved prior to their who approval.

The analogy stands. Simple economics. We are told that demand outweighs supply. And supposedly we have the best version of what is in demand.

6 weeks tomorrow. No updates on further approvals since CE Mark.

I appreciate the frustration.

Also, red tape gets bypassed pretty quickly when necessary.

Yeh It is a very off RNS. I read the headline rather than the body of text initially.

It's a nothing RNS. May as well of said we've applied for approval

Not sure we even got invited to the wedding

6 weeks since CE mark achieved tomorrow.

Would love to know what they've been up too. Surely approvals or some sales news is close.

Have seen all over twitter that elisa test (omega) has been approved.

Surely, we will receive approval soon.

Agreed st.

Current SP aside we have an awful lot to look forward to.

I imagine FDA is a dead cert given dbs linkedin post, you simply dont comment something like that unless you're supremely confident of approval.

Through all my moaning, I have topped up this morning.

It's certainly possible. I'd imagine the bod would want sufficient sales and the poc device ready for market prior to engaging in any conversations.

Gov intervention is a threat, I know they are useless but if we do begin supporting efforts here they may well block it.

Right now, I think the focus should be our market penetration and building a sufficient order book.

They are though. If significant sales are made they are bound by law to update the market.

As such, no significant sales have yet been finalized.

Lol I hold 2 of those.

Beauty on SNG is it will 5 bag on approval, at least. Especially at current levels. You either believe it will be approved, or not.

GDR for me is a long arduous hold. Reckon exit price wont be reached until 2nd wave mid october/November.

Anyone lend me their crystal ball?

Rollinginit.. sales will emerge when there are substantial sales that are price sensitive, as bound by regulation. Not when GDR feel like it.

Anyone not questioning the traction achieved shouldn't be investing.

Sending out 60,000 tests is what many would label a splattergun approach. You'd think they'd have a few specialist distributors chomping at the bit ready to commercialize.

Point is we know nothing of their sales approach over thab channel led.

Find Magsy pretty balanced.

This board too accustomed to mindless ramping and 'guess the sp' is the problem.

Agreed Punter, I'd expect some level of market penetration in CE mark territories by now.

Given, they may have multiple ongoing conversations in the later stages, we simply do not know.

Do believe sales will come, matter of when not if. I just hope DB's 'Substantial sales' is in the 10s of millions.

Lol I actually think he knows what he is doing and just plays the board clown.

Good to see, Solstace.

Key for me is poc device market ready before the winter wave. I'm running off the assumption that there will indefinitely be a winter wave.

But if we can collate some good routes to market and sells prior the company will be in an outstanding position.

Thanks for sharing that, Ghia. Just nipped over and gave it a read.

Interesting developments. My immidiate question would be on the RTC involvement, would the condor programme look to select the tests within that consortium first.

Quite interesting the comments on ncyt approvals, how they remain on all amended lists. But that many tests are being removed.. suggests the process for approval is becoming more stringent.

Perhaps that is why it is taking a little longer here.

Agreed st.

Equally the Chinese as a society are much more compliant. The are much well versed in virus outbreaks.. take the SARs outbreak not to long back.

Was speaking to my gf, she is of Chinese descent, lots of family in Shanghai. Claimed that due to internet restrictions out there, they are unable to do real research on the virus/its implications and so rumours spread like wildfire and they are generally very fearful of ot due to previous virus outbreaks, as such are more compliant. Add into that the gov their who wont hesitate to enforce.

At the height of their lockdown, 1 member of the household was allowed to leave once per week to go food shopping.

In Europe I can not see it sticking. Look at the photos from the past 3 weekends in the uk. Mooching about like the virus is gone. Our democratic society, in these instances where we have a virus spreading, makes it more difficult to contain and so testing needed on a much wider scale.

Some real insightful posts last 24 hours btw, was a good read.

I dont personally know how GHIF engage. As in, if the proactively look to open doors for their investments, appreciate it is mutually beneficial I just know little on them.

More research required there.

Is anyone aware of some of their other investments and if so, how did they stimulate commercial engagements?

I'll look into it over the next few days and see if there is any comparisons that can be drawn on. But it is an interesting partnership.

Rishi sunak has stated it will be widened to include bio companies vital to coronavirus.

But yes, initially was focused on closing the net on Chinese hostile takeovers which is why those 3 sectors are highlighted.

It is a factor worthy of consideration in the medium to long term if your exist strategy is a buy out.

Obviously need sales first.