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Well you can say that if you want, but the news says it has passed a stage allowing it to be used in some labs, while it awaits full emergency use approval. Now there is no point in them sending it for that certification unless they have expectation of selling it into the US.

But 3 weeks ago CK told us that the UK Gov had a say in supplying the RTC test to anyone that is not uk-gov, and he did not tell us they had given any ok. So my position is no such permission has been given.

And as for the US website saying they were currently in a position to supply 4M a month........

The company did not consider it press sensitive, it is designated "non-regulatory", i.e. they were not required to announce it, and is for information purposes.

"Not everything in life is based on orders."

In life, no, for a manufacturing company, yes.

"Remember an Rns contains potentially ‘price sensitive information’, it’s released for that very reason. "

Indeed, however this one is not an RNS, it is a "RNS non-regulatory", which indicates the company was not required to release the news.

Phew, left us alone, had a bit of a go at the science forecasting

So far they have attacked the testing centres, and the contract for doing track and trace.

Commercial break, I’m fearing they’ll get around to mass testing after the break

broadly agree however :-

"It needs orders - So far they are consuming their capacity to the full. You cannot sell what you can make. The lateral flow market has barely opened up yet. Next year will be the year of the lateral flow. Its about cumulative sales, not just one big order."

ODX knows when the money is arriving for the 175K RTC test (it may have already arrived). I wonder how long ODX can continue to manufacture RTC test @200K a week (and other tests to match the ever increasing capacity), on the expectation of payment ? At the presentation, ODX indicated that there would be no fund raise required to expand right up to 2M capacity. But CK has also said that he previously understimated the timeframe for RTC orders. One assumes the projected cashflow to allow capacity expansion includes ongoing payments from the 200K a week from RTC, and of course for the other LFT that contribute to the ever rising capacity. CK also said they were looking to order more kit in Dec, as part of the capacity increase.

Until we see orders, which if significant would require RNS, I have a lingering worry that we have no visibilty regarding cash income. in Dec @ 500K a week, in a month one might easily see £2M cost in making the 2M test. I can't see ODX continuing to consume capacity to the end of december, based on the capacity projections, without cash coming in...i.e. without confirmed orders before then.

Orders would mean we have visible cash income.

any word on what Abingdon's LFT capacity is ?

"firm orders" = "firm"

"BUT people need to realise that these are NOT firm orders at this point, they are little more than expressions of interest that could turn into orders IF the vaccine works and remains effective for an extended period of time."

Not entirely true, many governments, including the UK have stumped up money in advance to allow the commencement of vaccine production many months ago, on the on the assumption that some/all would work out favourable. And In that respect firm for some quantity have already been placed.

"Second order incoming. Will be minimum 5M this time."

Source, or is this an unfounded pet theory ?

"3 tests required per vaccine....."

Are people just making things up now ?

"why is it good news that Richard is out? now the expectation is the SP will rise again but then Richard could have waited...."

He has been a known seller for a long time. If he had kept some shares, we would not have known whether he had a few thousand or just ever so slightly under 3%, i.e. still a significant holding. One could suggest that he deliberately sold every share so as to remove any doubt that might still be a seller further down the line.

Sneller has indeed sold out completely. Quite unusual to see a TR1 with 0% in it. My experience of big sellers selling is that they generally hold some and all you end up knowing is that they went below 3%, the level below which there is no notification. But not this time, the TR1 is telling you he didn't even hold onto 1 share, so we know definitely no more selling from him.

A bit surprised that with all the volume at the end of last week, we didn't see a TR1 for a threshold being crossed on the increasing side.

its also an Elisa test

The manufacturer has to be a company based in India

fits in the the lot number march 2020

It does have “new” at the side of it.. so I’d assume work in progress.. but can supply up to 4 million a month currently?

Actually its out of stock, so they can supply none currently. Only 2 weeks ago CK told us they required UK gov authorisation to sell to anyone but them. If they had that autorisation, that would be RNS-able.

swell it doesn't inspire me with confidence when I see "Lorem ipsum dolor sit amet, consectetur adipiscing elit mattis arcu.", dummy text spread liberally around the RTC ordering page.

https://www.cannaobelabs.com/product/abc-19-covid-19-rapid-test/

but maybe its a work in progress

"Remember ODX has got agreement in place to sell outside of UK govt "
My understanding from the presentation is the the UK gov needs to give the RTC permission to sell to anyone other than the UK government. And that permission has not been forthcoming, given clearly supply to UK gov needs to be prioritised first.