Member Info for unvrkw

https://www.cityam.com/healthcare-firm-unveils-10-rapid-covid-19-test-for-back-to-work-push/

One pro and con for signing up to do much direct government capacity is exactly that based on customer demand.

Abbington supply the majority at around £3.50 per test. When the test get MHRA approval and agreement to sell everywhere they will supply government first at £3.50 And then sell on to everyone else

Odx gamble, agreement is so many to government, rest direct to customer at £20. So pretty much 7:1 ratio test to price and relative to capacity.

Likewise with Mologic antigen one price to government, different price to everyone else.

Looks like Abbington are going USA side to sell there, next few weeks contractually will be interesting, I think odx will sell capacity. This virus is I’m afraid going no where fast

People get confused with the tests so much

The visitect are odx branded tests, can be sold anywhere for professional use and await MHRA approval. Far more expensive based on who they sell to and development was through Mologic

I would suggest the antigen test will go exactly the same way, get branded under visitect and sold alongside under the development deal any other types of test Mologic development is done with odx as it’s an initial three year deal,

The RTC is government deal, price far lower through Abbington, interesting until the deal is done it restrict Abbington from selling antibody tests to anyone bar government as they have no other options hence why odx done limit their capacity to government only as they have other options,

When rtc has MHRA approval, government deal agreed then they’ll all start selling them

Odx could announce a deal with visitect test through a professionalisms administered business anytime, ie boots???

.

Lab based kit

I’m not sure at what point the value of the notes from the broker becomes worthless. They’ve not issued a single sp prediction based on anything and are awaiting all results to a point I guess before committing. Think it’s time to change

Are there anymore

That is significant

The lamp test is being used as it doesn’t require a lab and can be done it 20 mins but they admit it’s not as good. The antigen reference is the need to send to labs and there is no validated antigen poc so they can’t reference that as yet

In regards being left behind, they are now selling all forms of validated antibody test bar direct to public which they await and bearing in mind first vaccine by spring at earliest and the need to use with vaccines I’m not so sure their late

In regards antigen would have been good to have from feb but it doesn’t unfortunately work like that, again how long will this be here for and honestly is there a better, quicker more cost effective test than a validated point of care? The question will be is the waiting worth while.

Will the best tests gets their moment?

Sorry zac Mir.

Not the guy from one direction

Also on the Tom W podcast had zac Malik and I think overall it was a really good three hour listen, enjoyed the podcast, seems to have consolidated early sell and steadying itself?? Next should be more process orders, clarity over funding for legal case and confirmation of orders sold through block back into China

In the end government will use uk based businesses when they are available and this is there main way of breaking practical and political impass

https://twitter.com/sebastianepayne/status/1318148790591934464?s=21

Interesting to see the impact from Covid or not as they operate differently than standard, high street banks. So will the brand, ways of working allow them to expand, take an advantage through this current period? They shouldn’t have as much baggage ?

Sure a dam it everyone would have complained no rns and a government contract has been secured. Did you expect it to really start with an order for 20 million?

You could read that both ways. Government don’t wish for third party sales as they will want them? Third party cone of spare capacity, government don’t wish the test to be sold elsewhere? I think a timing and knowledge thing. Government haven’t worked out in connection to vaccine where they stand.

The agreement is as expected, the MHRA and ability to also sell to third parties is also key, margin must be higher than 50%.

Odx always set out to only want to have a % to this test, we’ve never specifically been told why but they have others to make and sell. They are already selling visitect branded antibody test, plus other cd4 business.

They need the third party deal, ability to sell direct is huge. Everyone assumes and jumps from one product to the next believing it has to max out capacity.

If there is a vaccine these will be used heavily, if there isn’t a vaccine likewise the mologic, no doubt visitect branded antigen test. Sold globally, to schools, government, airport etc. This is a fair and positive update based on what we have previously been told.

Last year next one came in January, 6.6 c. Will they have more cash to share and go earlier?

As you know my position, sitting tight whatever now, I think there comes a point where realising the loss against the potential high risk, low chance of success is worth taking. Ie lost most of the money already, let’s take the 3% chance it’s pulled off because if that happened the reward could be huge.

What’s a million m2 order worth and to note that’s not promised in anyway just mentioned.

The interview was a week before the results came out and Chris was happy with what was going to be published. Based on Covid, year gone, block sales banned he thought they’d done well considering

And questions from Tom over quite a long interview more stretching and direct

Need 3.5 million euro to breakeven, no change there, town square orders coming in, gave assurances they have sufficient cash, no raising

At 4.5 million euro revenue they’d make 500k gross profit easily

Block starting to be sold, two quarries open to sell block and start supplying factory again

Early negotiation of a 1 million m2 processed order, very big, very early, no guarantee but would jump, revolutionise the business. Would need more kit

Court case progressing, the claim is potential lost revenue from stone alliance project, next two months get a litigation funding partner agreed. Negotiations are ongoing with two between them, lawyers and funders

Fundamental difference between this company now and a few years ago.

Very positive, very direct and confident, doesn’t wish to dilute and I know we have heard this before, certainly going to look a complete fool if he back tracks on some of the comments