Member Info for RonnieB

This reminds me of AMIGO last year, could go mental. Any interested parties I assume now is the time.

Short term pain for long term gain. Wressel bringing in cash. If Serenity is a success and Ireland comes on board £15m market cap will be a distant memory. This will be back over 3p within a month.

My concern is they put out trading updates last January, April and August about every quarter. None have been issued since and it's February, only launch of few products, the RI and withdrawal of a test. What revenue has been generated? What is the cash burn position? Update on money owed by DHSC? The interims due in March will be interesting reading. The huge investment in the manufacturing facility, could have had ODXs for £1m. Only positive is the directors have invested big time so must have faith in future prospects. GLA

More buys than sells is only positive, all covid stocks have taken the same trajectory; GDR, ODX, ABDX; almost identical graphs over the past few months.

At least MC is low, should bounce back hard. Thought I was grabbing a bargain at 28p. Phew, didn't expect this. If it hits 10p or lower I will pump in big time, for now its wait and see.

In NI Hendersons operate the spar, euro spare & vivo outlets, turnover £900m with over £30m profit. They have been upgrading stores over the past year and planning more. Two local spars beside us must be making a fortune since upgrades, extra staff employed. I joked they're no longer convenience stores due to the Qs from increased footfall. If the Morrison Daily brand can deliver increased footfall with similar profits this SP is a joke at 7p.

So if it's insolvency a real mess will occur. These things can go on for years and by the time all is paid out retaining staff, insolvency fees etc what will be left in the pot? Very little to go around if anything.

Option 1: Vote for 95% dilution
Option 2: Vote NO for 95% dilution
Option 3: Vote NO and put the ball back in FCA court; Negotiate a fair deal for agreement by shareholders or insolvency and claimants get much less.

The FCA 95% dilution as standard practice, is this a "new term and condition" just issued by the FCA? Can this be challenged in the courts?

And if the shareholders say NO we will not accept 95% dilution and insolvency it is.

English refused to sanction Hurricane restructuring plan diluting share holders by 95%. There is the precedent.

Interims should be out in March. In reality ABDX need only make £1-2m annual profit to justify current MC, should be easy target and expect more.

Share price been sleepy for a long time, herd arriving and will move quick. Great value up to 5p.

Maybe if the scheme is approved a bidding war may occur?

Over reaction: A bit like upgrading your software after a glitch has become apparent or product recall when something needs put right. Market below below £30m and worth a punt.

40p next stop, pause then up to 60p+.

With Wressle as an income stream and MC of £7m can't go far wrong.

COVID-19: US buying 500 million at-home rapid tests that Americans will be able to order online for free, says Biden.

Who is Vatic?

Pumpy I am in Hemo too, what is their cash position, any chance of a placing? Loaded up both in Hemo and Abdx can't resist at these prices and will give it a year.