Nervous market22 May 2020 20:36
The issue is every other day a new company enters the testing market. Some are linked to the government.
Some are getting full features from mainstream media. Proactive investor wouldn’t be mentioned in the same sentence as the BBC or Sky.
Just today a new test has been showcased on sky. The argument isn’t about our test is different or better. It’s about a test being talked about by mainstream media, period! But it’s on sky. Pictures, interviews. The full package. That’s real exposure.
What does GDR do? Put a placing. Don’t worry Avacta isn’t any different. It’s been hyped to the moon. For goodness sake SNG was on panorama and even that didn’t help their case.
Mark my words, the covid bubble is losing air.
Now about GDR SP, it’ll go up. I’ve no doubt it will. But anyone expecting £5 in a week is mistaken. When they announce orders things will improve. The Avacta people were saying tie up with Amazon and sell through them. Instead they got boohoo. Took a while to sink And initially the SP went lower, but it’s rolled up now. The rampers and the covid dream has been sugar coated to death. Unless you got it very early. Those NCYT gains are never coming for new entrants to the party.