Hi folks, I think some answers are needed (sure nothing nefarious) from the RTC as you why the trademark application, and I expect ownership is through a subsidiary wholly owned by Abingdon Health.
Do they own all the IP also ?
I will buy 1M of your shares for 0.6 if you like Jim
Interested as to the change of heart Jimiam, we've crossed swords a few times here but you have always been an advocate, seems like a 180 degree turn in a very short space of time.
What's happened in your view ? (Other than nothing this week, sigh).
MB, your posts are always of a high quality but your tone in that message is patronising and actually I think we need to Isolate two different concepts.
Having the best quality test is fantastic, however quality is just one piece of the puzzle when it comes to taking an attractive product to market. For example, who's bank manager is happier - Roche who have already had a huge UK Government order, or ODX's who have not yet had a single order that we know of.
I personally believe that we have not been actively marketing/selling because it's as yet unclear what capacity we have to supply (due to the UK potential order, and confirmed in the RNS today that they don't know the quantities yet) - they do not wish to sign a contract that they then cannot fulfill.
All I would say is that A) We are not the only company selling the UK RTC test - we are part of a consortium of many companies. Abingdon health, for all we know may be making moves right now to tie up the entire Indian Market.
I have no doubt that in a normal market, the best product at a reasonable price - with a reasonable route to market will generally play out well but these are not normal markets.
People who anticipated NCYT like boom on the CE mark are deluded - NCYT boomed because it was the FIRST test to have the CE mark.
I am heavily invested here, but even in this share have experience of all the unfounded hype based on muppets on twitter and the narrative that India will be our get rich quick scheme. TL:DR just because you have the best test doesn't mean you will sell tons of it.
Very true, however let's not forget that the test was purpose built to supply the UK government.
I agree though nothing guaranteed, and the science/winds are changing constantly.
Just see more hype on here about Indian orders as if they've seen a purchase order and are now just waiting for it to be RNS'd.
Reality check needed here I think - I'm pretty happy with the UK Gov orders that will be forthcoming.That said, I hear alot of talk of 'India orders announced imminently' - there is no guarantee of a single order from India. Nothing is taken for granted as far as orders go, though the exercising of options by the Indian subsidiary does show some confidence.
Just a note that rumours are circulating that Imran Khan may resign as PM.
Zafar Mirza just announced his resignation and a strong hint that he only joined because of IK, and now is leaving...
DYOR - I don't have time to look any further at this but an interesting resignation of a health minister during COVID-19
This is why patience is required here. Whilst we are obviously up against timelines and the market - we need to bear in mind that we hold part of the solution to a problem that isn't going away.
Vaccine talk is mostly driven by big pharma trying to get their names out on the airwaves and have trump operating as their PR executive. I am not an 'anti-vaxxer' but I certainly don't wish to be injected with a rushed, experimental vaccine that hasn't been given the runway to be tested over the long term - even if a vaccine was available today I wonder what % of UK/world population would consent to it.
By the way, in the interests of balance. I love how I get pulled up on my post, there was a chap below who said ' I wouldn't be at all surprised if this went to 20p on LOI.'
Fantasy.
I'm not moaning, I'm merely pointing out that posting a non-committal MOU while everyone is awaiting an RNS for something else smells off to me. Maybe I'm cynical but AIM pays to be paranoid sometimes - the market appears to agree with me.
I could probably get a billionaire sheikh to commit absolutely nothing to my project though, effectively this MoU is us agreeing to consider working with him is my take - rather than any commitment from him.
I invested in ORCP because of the Thar VI project, and have said before that any deviation from this prior to Financial Close is a distraction and in my view a net negative. Call me a muppet if you like, if it makes you feel better about my investment. Right now I am not feeling great about my investment - will probably make some money therefore I won't sell but I don't really trust the long term.
No doubt the SP will react favourably but this is such a nothing, distraction RNS.
Zero commitment and no actual data other than ‘expect’ and ‘maybe’. Timing fishy.
Claims appear baseless - excellent.
Market cap is amount of shares x value. For example if 10 shares existed. priced at £10.00 each - the MCAP would be £100.00
Second more complex answer is that you don't sell your stake to me - you sell it to a Market Maker who then sells it to me and controls the price - roughly in line with the market.
The data is not very accurate, is the simple answer.
No-one reports buys or sells even LSE.
A trade is a trade, and for every buy is a sell. All platforms just mark things below the mid price as sells and above mid price as buys.
Delayed trades can seriously mess with this logic as I might buy at let's say 65p, but if posted when mid price is 65.5p it will be marked as a sell.
Unless you are microtrading foreign exchange, I don't really think much is to be gained by knowing whether Joe PI bought or sold his £500 stake.
If the Indian news is legit, the old adage of RNS or it didn’t happen applies.
Approvals themselves aren’t going to drive the price now, but orders and commitments.
Hi Folks, does anyone have the link to the sciencenet article that people are referring to ?
You have your wish....
The USA trying to buy everything up - that's one of the reasons that the RTC was created I suspect to ensure that the UK gets first dibs. This may accelerate negotiations for sure!