Member Info for Safy

Thanks starbright.

All that glitters... I wasn’t saying this is the reason, I was asking if this could be a reason.

40% down this year and entering uncertain period....

https://www.google.co.uk/amp/s/uk.finance.yahoo.com/amphtml/news/cheap-shares-rotten-week-ftse-173225839.html

I will add one thing here,

TT normally takes 6-8 weeks, but CK has advised they are aiming for 4 weeks. That's not because of us impatient share holders.

First to the finish line or as close to the ones who have finished is paramount in order to steal a market share. For all we know we could end up supplying Scotland. They know its the moonshot.

Merch

Correct mate, honestly its inconceivable that Mologic CE mark the Antigen test and start a tech transfer to ODX and it has no impact on the SP. Its only the most in demand test in the WHOLE world.

@Merlot and Merch LOL

Correct Tony,

We have the two most in demand products in the Covid testing space with the right technology.

Antigen and Antibody LFT. One test is already known to be the best in the business, the other test is being developed by one of the best in the business (Mologic).

You wouldnt hire 60 staff if you knew you weren't going to sell a bean or just break even. Just remember whether we sell or not, the people still need to be paid. Avg payout on salary every month will now be over 200k, and the total cost of getting these people on boarded, insurance etc it'll be well north of 200k all things considered.

Our test will still pick it up. Please don’t ask for proof because if tests were not able to pick up mutations no covid test in the world would work. :)

If they took out all their holding it wouldn’t be a cause for concern. Times are hard, Covid has hit everyone hard and frankly a lot worse is still to come. So cashing in now could be the difference between keeping staff on or making money and losing staff. Nobody will know the real reason.

Why does everything have to be hijacked by Avacta members here. Cant even have a conversation with our board members without someone ramping Avacta.

wyndrum,

i dont really care about whether Avacta get that approval or not. Give it a rest PLEASE. There is an Avacta board for your post.

All i know is that Mologic and ODX are partners, I also know for an ABSOLUTE fact that Mologic are ahead of Avacta in the test development. No amount of posts will convince me otherwise. I have done my research, i have spoke to people.

If you think i talk ****, then go and ask anyone on the GDR board about my credentials.

So given that these tests sell for peanuts.... dont BBI have Avacta over a barrel because Avacta dont actually have any manufacturing capacity?

flyingmachine

i didnt know you were invested here? good to see you

So one thing that is positive is that it feels the reset button has been hit.

We've had a huge drop from 127 to 74...
Taken a hit for the Finncap report
Taken a hit on the RTC profit expectations
Taken a hit from Deek (apology isnt enough, the damage had been done)
REACT study, i expected a hit there too, but i think that if you ready it with an objective mind it tells us what we knew anyway, Antibodies wane over time, so in my simplistic mind, if an Antibody test picks up antibodies, then you are immune, that much they cannot deny, so is the Antibody test useful? yes i feel it is, did the media paint an alternative picture? yes they did.
Taken a hit over capacity, I think we should have been at 200k in Sept, then Oct, and now confirmed for Nov
Taken a hit for being overvalued in some eyes
Taken a hit for Walbrook POOR PR
And im sure there are other things too. Bottom line this is where we are, I dont think they can throw more bad news at us as everything is priced in.

For me the main news is the CE mark of the Mologic test which hopefully should happen early November, its truly Game On from that point. The RTC antibody tests are now merely an addition and not the main player, just looking at the tweet today, the graph clearly illustrates the demand. I dont think we need Colin to tell us this, but if they double up shifts and the value of the LFT is recognised then its going to be a pretty good December/January.

Mologic CE Mark the test early next month, which could be as early as end of next week.
ODX start the tech transfer, and best case in 4 weeks we could be ready to CE mark under our own brand.

I have a question here, Mologic will CE mark test before TT to us, how are Avacta doing a TT to BBI without a CE? Answers from ODX holders only.

But as i wrote above, the main thing for me is that Mologic CE mark the test. That would be conclusive proof that the test is ready and working and is coming to us.

2.5m next year around April time. Please be realistic with the ramps. That’s 5-6 months away mate.

Trip you absolute feckwitt did I say your name??

This is the problem with you idiots. Paranoid androids on auto pilot. If it doesn’t say Avacta you start losing your shiit and create noise where there isn’t any.

This is an ODX bb, we don’t give a feck what happens on Avacta’s bb.

Ok I’m going to put this matter to bed hopefully once and for all.

Mologic have designed their test to sell for £1, yes read that again, and again, and again, I’ll write it again, £1. ODX will sell that test under their own brand for more than £1. WHO procured antigen LFT’s for £3.90p recently. There is money to be made but on big volume.

Nobody knows whether Avacta have a test let alone know when they will CE mark it. If there is a test someone show me evidence of their test being validated in a live setting.

UK government will get into bed with ANY company that delivers a test. It’s 100% not solely Avacta, just look at the tests they have procured to date... simple question are they Avacta’s? Yes or no. Avacta is a small time company who are producing a covid test. They do not have ANY INFLUENCE on the government. Boris knows Mologic, Mologic is a pioneer in LFT tech, Mologic are recognised the world over for their work.

And I hate to say this but why the feck does EVERY FECKING ANTIGEN LFT IN THE WHOLE WORLD HAVE TO BELONG TO AVACTA? Why can’t these people on their bb accept that there are other companies that are more skilled than them in LFT development and could/should/would be ahead of them.

It’s a joke honestly, Boris says LFT and automatically AVCT assume it’s them, ODX day Mologic LFT and somehow still Avacta think Mologic means Avacta.

Mologic say £1, and somehow AVCT think their test would be a better commercial opportunity for ODX.

Give it a rest. I’m sick of this drivel that we get from Avacta on this bb.

Playingtheodds

I agree with you, US markets are down too. Every single stock on my watch list was well down today. Wasn’t just ODX.

AVCT
GDR
SNG - below placing price
I3E
FAR
UFO
to name a few....

This trading update couldn’t have come at a worse time. Any rally tomorrow could be cut short depending on how the markets are in the morning.

Any other day this would be 10% up.

@sjpw

I don’t need to answer that question, just ask the avacta brethren. They outlined the avacta bbi agreement as evidence of timelines.

You’re in avacta. You need to ask them why it’s 3 months to BBI. Not ODX pal. Our TT is 4-8 weeks. Closer to 4 than 8.

Regulator

You’re wrong.

Mologic intend to CE mark in November.
ODX will commence tech transfer soon after, could take 6-8 weeks but best case is 4 weeks.
Which takes us into Xmas / New year. Then ODX would CE mark test before sales.

I know this because I asked ODX.