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Argh so frustrating to see people on here still trying to sell the 80p placing as a good thing. You are fooling no one.
Placing is good. Placing at 80p is bad.
People are not stupid.
Let’s be honest and accept it was a bad move. It has shaken trust in the directors. But I’m still hoping this will bounce back next month once we recover from impact of the placing.
Tomorrow might be a tough day once 10 million shares at 80p enter. Market cap will go up as new shares are admitted.
IMO DYOR
https://www.thesun.co.uk/news/11707597/brit-scientists-develop-coronavirus-inhaler-fight-disease-symptoms/
https://www.dailymail.co.uk/news/article-8356099/Could-inhaler-fight-coronavirus-British-scientists-develop-device-help-patients.html
https://www.mirror.co.uk/science/coronavirus-inhaler-developed-could-fight-22086258
I will make a final decision in a few weeks - whether to hold or sell.
We were at 300p on hardly any news. Now after CE we are at 165p.
I personally think it’s nervousness about the 10m shares entering next week at 80p. I’m still so surprised at that move by the directors.
There is no other news due imminently, maybe some update on sales...I’ll either try to stay a while longer to break even or walk away to cut my losses.
One thing to remember is that the CE news today was not really news. We all knew it was coming. We even knew it was coming this week, so there was no surprise at all.
It was great to have the confirmation. But it wasn't a surprise. SP had already priced in the CE mark before today.
Lets hope for better luck after 28 May and sales news!
How come there is absolutely no movement in share price in the past hour or so? It has been stuck at 160p for a very long time. The same thing happened yesterday. I like the stability. But any reason for it? I have not seen other stock stabilise in this way.
I agree. News about the Roche test is all over the press now. So naturally there will be some nervousness about small pharma stock tomorrow.
I do feel sorry for small pharma like ODX and GDR. Giants like Roche, Abbott etc are just so much bigger and able to dominate.
ODX and others might still do well...but some people’s expectations are just too high that they will inevitably be disappointed. ODX has gone from 10p to 50p! That is a success story in itself.
That was a feeble attempt to ramp with news from 2018. Do better..