Member Info for Muck165

I know we have a fair few ODX holders on here, but my reading of their RNS this AM is that their (Mologic)) test is nowhere near good enough to be the Sovereign test and, moreover, if it were then they would be making it by now. Points more in the direction of someone else to me...AVCT (which would be great for us). As it is they’re still making ABC—19 (our test) in expectation of forthcoming orders. Again, good for us.

Personally I can see us and AVCT doing better off that RNS than ODX.

Looks to like we about to turn northwards....

Like someone else said earlier - the book is being managed to "fook". Coincidence that the price fell just prior to the intra-day auction?

For anyone who missed these odx tweets from yesterday

https://twitter.com/OmegaDiagnostic/status/1387041625164029968

They are much more +ve on ABC-19, emphasising the VERY encouraging commercial discussions that are underway

It is - they have over 100 registered with LinkedIn for a start.

Ha, no. Told them I was going to a funeral (which may well be true once I tell Mrs Muck about my paper ABDX loss yesterday)

Cubed are still posting new ads for ABDX. This was posted today for a Senior Tech Transfer scientist

https://jobs.cubedresourcing.co.uk/vacancies/2334/senior-technical-transfer-scientist.html

Cubed are still posting vacancies for ABDX - this one was posted today

https://jobs.cubedresourcing.co.uk/vacancies/2334/senior-technical-transfer-scientist.html

Nice to see them boosting tech transfer resource...

Summary position on the lock ins;

On admission 64,948,008 shares were subject to lock ins. This represented 67.9% of total share capital.

Of these, all but the 4,190,560 shares belonging to Touchstone were subject to 12 month lock ins. Touchstone came out of their lock in in March.

Touchstone can sell, but only through Singer

Additionally, there were 7,387,248 shares not subject to lock in, but whose holders also agreed only to sell through Singer.

So, on admission there was 30,704,433 in free float. With the expiry of the Touchstone lock in, this rose to 34,894,993.

We had volume of 11,673,440 today, 33% of the free float.

Note, no account here has been taken of any other share issues since admission.

Useful thread for anyone wanting to read up on the lock ins.

Absolutely McGurk - 10m traded out of 96m is a lot in itself. But if I remember correctly there was only about 24m not subject to the lock-in, so nearly half the free float was traded today. Even If we were to include touchstones 4.2m, volume today still represents a third of the FF.

Don’t take these figures as accurate coz haven’t had time to recheck the admission docs

Interesting to see that Singer have come the Ask, at 61 with the other two at 57.

That is the first time in a long while I've seen that.

We’ve thought touchstone might be the seller given they came out of lock in from March, and thereafter had to sell through Singer. As at 20/12 they had 4.2m shares, less than half of what’s been traded today.

Somewhat ironically, the guy I spoke with at Cubed just called me to check whether or not I could make a production operative training day with ABDX on Thursday!

Would not surprise me in the slightest if we saw a TR1 today. We’ve had a seller for a while, with Singer maintaining an orderly mkt in line with the admission doc. We’ve been getting volume of between 100k - 200k, but today we’ve already had nearly 8m already, with plenty of block transactions. If the seller does go, and the buying pressure remains given how cheap we are, then the SP may spike.

Volume should help us out with a long term seller today...

Ouch.....:(

Agree. ABDX have recruited very heavily over the last two months despite the DHSC not coughing up, which demonstrates their confidence in the pipeline opportunities.

No worries Benx4/Apre.

Malpenn - I think this is the more interesting link -

https://www.cubedresourcing.co.uk/candidates/abingdon-health/

Looks like Cubed are building a section of their website dedicated to ABDX...

To start, and just for transparency, I’m in ABDX as well as AVCT. But I’m in ABDX because of AVCT.

Earlier in this thread I highlighted that ABDX seemed to be working heavily with a recruitment partner, Cubed Resourcing, and had even poached an HR Director from them in Feb.

Well, I called Cubed today feigning interest in the Production/Assembly (nights) vacancies they had been advertising for a LFT manufacturer in Sand Hutton, York, and this is what I was told;

-The employer company makes the ABC-19 test (so it’s definitely ABDX).
- Cubed have been working with them as a strategic recruitment partner for a year, and in that time staff numbers have grown from 50 to 255.
-18 production/assembly operatives (night shifts) started on 28/3, and a further 7 are due to start on Weds this week.
- there is an expectation that weekend production staff will also be recruited (these are already being advertised). If that gets the green light, Cubed are expecting to recruit 60 people to those positions.
- all of these nights and weekend production staff are on 3 month temporary contracts, but the expectation is that these will continue to roll every 3 months to serve demand. 3 of those who started on 28/3 have already been switched to permanent contracts, and more are expected to follow.
The company has expanded its York and Doncaster facilities.

Note that the conversation only related to production work. We didn’t touch on the various other vacancies Cubed have advertised for the same company since March, which include multi positions in warehouse staff, Quality Control, Reg Affairs, Project Mgmt, Software Development etc, or the other high level posts which have been filled since Feb.

I can’t believe it’s a coincidence that this massive scale up started just after AVCT announced its initial performance data for AffiDX, or that ABDX would shell out this much cash unless they had real confidence of demand.