Member Info for Markjenn53

Same on HL
Would like to know how much of the fundraise left, spent 1m in the first month

Could definitely do with some news, the promise of lots of news in Q4 doesn't seem to have materilised and getting fed up of being in the minus 50% club now

IMO if you click on the 1year chart and draw a line from 2 April to 18 Aug and carry it on, that is where it will more than likely be in 4 months time

Kainos
Yep looked at all that
Also Slovakia factory, which if you look on the pictures on google shows a fabric roller, so I assume they can make masks there as well
Don't need a ramp, I'm up to my neck at the moment !
Hopefully they repay my optimism

Yes Kainos, Volz look a big outfit, impressive factory etc
How much of it is masks v filters we don't know
Sure we will all find out very soon
Gl too

Cardan
Very funny havent heard mouses ear and wizards sleeve for years

Your funny
69 posts since I joined in April is hardly excessive
I don't comment much because you are right the boards are full of bs

Kainos
Yes I think so as well
I have read that RNS a few times before
So I am thinking that between 26th Oct and that RNS they have forward sold all there 60m capacity
The wording does say anticipated excess demand, but also say the partner (we now know its Volz) will be able to supple part of the anticipated excess demand !
What i cannot find for love nor money is what Volz capacity is, obviously Gareth was not allowed to say, but would you sub out to someone who can produce less that you ?
Answer No you wouldn't

So in the proactive interview in 26th October Gareth confirms @ around 5mins in that they have already forward sold 25% of there capacity of 5m masks/month
Wonder how many they have orders for now ??

Table 1: Number of PPE items distributed for use by health and social care services by item, England

From the government website link below, so we in the UK we use approx 1.2billion of these type of masks a year

https://www.gov.uk/government/publications/ppe-deliveries-england-6-july-to-12-july/experimental-statistics-personal-protective-equipment-distributed-for-use-by-health-and-social-care-services-in-england-6-july-to-12-july-2020

How could ICON issue the share to EHGOF whilst stating the below in the same RNS

The Company is also announcing today that it has brought to an end any further issuances of Ordinary Shares to European High Growth Opportunities Securitization Fund ("EHGOF") and has agreed with SMC, pursuant to the terms of the Facility, that the Company will not enter into a transaction with EHGOF for a 3 year period.

There must be a reason they left it until the last day under the regulations to issue an RNS confirming the TR1, they have sat on it for 18days
If they have bought more in November up to the 28th my understanding of the rules is that it would have to been included in this RNS
Intriguing

Should be due an Apex ride update of some sort soon, the bikes we being delivered in November
Would be good to know how many they have sold

All the talk of vaccines and masks not being needed is absolute rubbish, but everyone is entitled to there opinion I guess
SO we have a delay with our machine so what we need now is a RNS with
a) confirmed massive orders in the pipeline
b) German efficiency kicks in and they are ready to manufacture pre Christmas
c) further outsourcing to fill the gap

I have been involved with production lines like these (electrical only) and it is better to have it completed and commissioned at the suppliers factory, it means they have the whole line functioning and running, it is then taken apart in sections and shipped, put back together and then tested again, it should mean only minor teething problems may be experienced this end

If you check the RNS's the original date for production to start was January 21
Delivery late November, set up and commissioning by the end of December
It looks like from the November RNS they tried to bring it forward

I am all in already and obviously down like a lot of people on here, but anyone who thinks masks are going away in the forseeable future is deluded. Vaccines make no difference to the need for masks in the medical sector and masks for public etc are not going away anytime soon. I am a fit and healthy 53yr old and do not expect to be offered the vaccine until next summer at the earliest and personally would not have it anyway.

Braveheart/RMS/Pharma2farm have sort of tripped themselves up for a number of reasons in my mind, if you check the |RNS's production was not due to start until Jan 21 (RNS 8/10) they confirmed this in the RNS 23/10 saying delivered November, commissioned by end of December, I am guessing they then tried to bring this forward and inferred that in the RNS 11/11 end of November and production shortly after, that now has not happened and we are back to the original plan.

Your not far out NHS use apprx 2m of that type of mask per day
To 30th June this year they bought 400m masks

Dont think we need to worry about demand, more how quick we can get them made, found this report on worldwide mask market

The global disposable face mask market size exceeded a value of USD 74.90 billion in Q1 of 2020 and is expected to grow at a compound annual growth rate (CAGR) of 53.0% from 2020 to 2027. The unprecedented spread of coronavirus worldwide, most notably in Europe and North America, is driving the demand for disposable face masks.

NHS use on average 2m masks per day
Between Feb and July this year the NHS ordered 400m masks
This is just the UK and easy to find, 100% fact
Masks are not going anywhere, we could be wearing them for years to come at festivals, sports etc etc

A bit of patience needed by all, yes its been a crap week, I was 126% up on Monday at 9am, I am now at a loss
Our machine can make 60m masks = £60m turnover, we would not be signing outsourcing deals if we have had enquiries for 20m masks would we.
The German company imo must be able to make at least 60m/year or there is no point dealing with them, it is probably more like 600m/year which is why GC wasnt allowed to say
Plus we are looking at outsourcing all around the world by the sound of it
I trust what GC says