RE: Rns to Drop the price.. Then rns to increase price23 Aug 2021 21:07
Sharkie, you haven't mentioned the original RNS announcing the deal between P2F and VKE on June 24th. Last Fridays RNS was just acknowledging that the British High Commission had found out about it. Note also there has been no re-order from VKE since the initial 350K order.
What happened to the surge that was supposed to happen today? People finally sussed that Fridays announcement was a rehash of old news. Interims out in September, will show the lack of sales and a damn sight less than the £5m in the bank that keeps getting bandied about by here by the resident rampeteers.
People need to remember that the patents held by the company are for the method of manufacturing the nano material. If another company can produce a similar material another way they are good to go. There's no exclusivity in the nano material P2F produce, just how it's produced.
The interim results are due in September, would be crazy to buy in before then. Mask sales (or lack of) and state of the cash flow will be announced then. Could be the catalyst for the next leg downwards if bad. Poor sales income and new products to develop could be eating through their cash. Positives are that, I assume, Volz will take the lead regarding filter development, with P2F just supplying the material.