Why I’m out23 Nov 2020 20:20
Hi all
I’m sure you will consider me a enemy of the state but in the morning I’ll be selling my small amount of shares.
Yes the business was not a covid business but they did what a lot of other diagnostic businesses did at the start and almost transformed into a covid business at the start of the pandemic, as reflected in the SP. after all there was a lot of money involved in getting good tests to market.
Avacta - don’t worry we have got pregnancy type test kits that will be available, the tech is there, it’s an easy product to launch ……
That was 6 months ago,
Since then we have seen other companies earn fortunes, relationships and contracts with governments.
They will be the benefactors of the new government contracts as they had the brains to be first to market, with reasonable tests, not massively accurate but that didn’t matter.
Now they have had 6 months to modify their tests ( with huge budgets because of aforementioned contracts ) and will be ‘trusted’ suppliers.
Do you guys seriously think the guy who’s last to market, has a terrible looking website ( distrib Medusa ), and has a history of poor timescales would even be considered for a government contract
It’s laughable now.
Oh and to add to that the CEO sold a half million quids worth of shares a week before revealing the fantastic news that the primary product they were spouting was game changing, is still a glint in someone’s eye.
Come on guys?