Classic MM’s techniques here20 Feb 2020 11:26
I’ve taken advantage of the ridiculous SP dips although was difficult- bought more in two tranches. Nothing has changed here. The final warrants issue is a wholly positive thing. The shameful screwing down of the SP is purely driven by greed. We are on the brink of something investment wise life changing and health wise, life saving and actually can help to save billions £££’s economically across the globe. There is nothing that I can think of that would stop this test from being given FDA approval. US runs on health insurance which involves risk - I think pretty soon it will be mandatory to be covered travel and health insurance to be Coronavirus free and without using this efficient, quick, reliable test how will they do this? The CE approval is extremely important because my understanding is that US gives approval whereby more stringent EU and UK accreditation is much higher. So I think it’s inevitable that this will be passed under the Emergency Authorization channels which in itself by the very nature it’s done as an ‘emergency’ wouldn’t be as stringent as full FDA in normal circumstances. However, this is not a drug, this is a test. It would be a massive hinderance if US don’t have anything to rely on with Coronavirus, how exactly do they protect their vast population, work force and businesses and move forward with a plan? We have an election in the US soon, the current leader needs to be seen doing all he can to protect US citizens. Making sure the virus is controlled by testing is paramount to this. I think we will see approval announced if not today certainly before the weekend.
This is greedy games by MM’s pure and simple. Keep your shares, hold tight and be rewarded.
All IMHO DYOR.