Abingdon IPO17 Nov 2020 23:26
So I spoke to my broker today and the only information they have is you need to be a professional investor to be considered (500k in your account and having conducted X trades each quarter for one year) they want 20m if I remember correctly which is in line with what MB said.
They don’t think it’s imminent unless someone goes all in with the 20m because the details they have are minimal, and his view was if it was imminent they would have more details.
With regards to price they have no idea and nor do I because I have no experience in that area.
ODX for me is the better company hands down because we have different revenue streams post covid. However covid buyers could look as Abingdon as a primary covid pure play for short term gains and try to buy there.
I’m just going to throw something out there, AbC is important for ODX, more so with Ciga tweet, however some may argue that Mologic antigen LFT is more important or at least on par with AbC. CK certainly thinks so, just have a look at the presentation slide decks at capacity breakdown.
Feck knows what going to happen with AbC short term as there is a lot of negative publicity around that test, however the key thing to remember here is our bulk manufacturing is Mologic antigen LFT NOT AbC. So any negative press sticks to Abingdon more than it does us. And that could put off new ii investors there, certainly until this blows over.
The press seem to be going after gov in a big way, and in many cases rightfully so, there is a story in the news today about someone earning millions by being a middle man selling ppe and getting repeat contract without tender.