The exclusine distribution agreement with Medusa 19 will be impossible to get out of. Boohoo's record with low paid and unsafe sweat shops and unusuable PPE equipment will make it difficult for avacta to have credibilty here or abroad.
Seems a strange commercial decision made by Sir A.
An explanation would not go amiss before the sp tanks.
Dont get me wrong I think this company has a lot of potential .
But the rampers, for example, Richken, 14posts today all ramping all about glory, 100s pf millions of tests, soaring sp etc. Quite crazy and clearly with an agenda. Don't get conned by such nonsense.
Remember the sp struggles to get over £1 40 let alone £20. There is a long way to go and many competitors in the race and the politcs of the selection. Who chose the contact and trace rubbish app used at the IOW and why?
Turn the clock back a couple of years to when the director heralded BB as transformational. U tube has the videos of him and DL pouring oil.
Had this all become true we would have seen vast quantities of oil. Widening roads and new railway lines would have been discussed. The SP would have been hign. Placings, if needed, woud have been at a high sp price. There would have been no pay day loans. Bonuses would have been hailed as justified. SCC would have received useful royalties. The IOW CC would be banging on the door with me next! The directors would have taken shares.
Sadly nothing worked. Everything failed. They found water of course. The French escaped quickly.
Anyone surprised with this constant failure that Loxley was thrown out. The IOW will most likely go the same way.
So SS has failed yet again at the SSC meeting. Still we have no real news about HH2 or the CPR outcome. People are talking about another placing? Will the IOW CC follow the SSC decision? Should the BB land be now restored?
But after 2 days we are nt yet at the historic low sp bu forhow long .......
There is a view that even investors have very little idea on the success of any of the current company projects. BB was a failure, HH1 is hardly a major sucess and HH2 well who knows.? Are the County Councils also not confident in the technical ability of the company to deliver.
The sp decline by a huge percentage, the lack of investment by the board, the constant placings and bonuses most probably have not impressed WSCC and one wonders if the IOW will view it in the same way.
Yes sounds sensible but my only concern was all these 2 day 7 hour tests at Heathrow costing £120 and suddenly there is a 10 free minute test and whether that has an impact commercially for all the developers like Avacta.