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I'm invested here with a small amount as a punt and i am no expert on this industry etc but I think the concern generally with all LFT manufacturer shares / investors is the uncertainty of a) Who will get their partners names on the list b) and who will get the Home use permissions ( the big one, i understand) .....I think people are changing their stance on a daily basis , one day positive, next uncertain and this shows in the daily sp movements.

However, with some confirmation of good news sometime this week hopefully I would expect a wall of money to hit this share price ....hopefully UP.
Its not unreasonable to expect some investors LT / ST investors to bottle it, just when the decisions are about to be hopefully made public.

BUYSELL. You mentioned TAAT. The reason i introduced TAAT onto this BB was they are very good example of a company who know how to promote themselves.
There is news at least once a wee, often more

latest news from Friday is this
"In the past 60 days, the Company has added 19 new distributors in the United States, who have contributed to the rapid growth of the Company’s store count which recently surpassed 1,200 stores within just ten months of the initial launch of TAAT™".
.."and we look forward to building upon this growth for our first international launches ( UK) that are presently underway.”....
and " An interactive store finder map of TAAT™ retailers can be found on the Company’s TryTAAT portal at the following link (must be 21+): https://trytaat.com/pages/sca-store-locator "

ALL this and more in just one news release. I think CHILL could take a leaf out of their book as far as news flow goes. Hopefully with Viridian on board this will happen.
" https://taatglobal.com/taat-adds-19-u-s-wholesalers-in-60-days-adding-distribution-in-new-states-to-include-virginia-oregon-and-missouri/

I imagine if this is the case then Viridian would be contracted to work with CHILL over the five year period because as the DR mentioned earlier, its difficult to tell at what point Viridian could in theory exit.

Ok. still not convinced but I've been wrong before so If this is the case. This deal is extraordinarily. They have given Viridian the rights to buy 5% of the company in the future at 1p per share, once the SP is over 60p which the share price was in June 21! i guess this is an excellent deal for Viridian and hopefully CHILL as Viridian do not need to make an investment and have no risk...as sp will not hit 1p .

I'm happy to see what others make of the warrants RNS but thanks for you opinions.

DR.

I am not at all convinced that Viridian can take warrants at exercise price of 1 pence per ordinary share !!!
this sound wrong.
Warrants however they are structured, forgetting the timeline choices have a strike price. this strike price is always higher than the sh at the time of the warrant's creation. The strike price is 60p , not 1p .

How Much Is My Warrant Worth?
"First, understand some basic terminology: The strike price, also called the exercise price, is the price the warrant holder pays for the underlying stock when exercising the warrant.

When the warrant is issued, the strike price is higher than the market price of the underlying security at the time. The strike price may rise over time according to a predetermined schedule.

To determine the price, you can use multiple methods. One such method is the Black-Scholes method. But each method, no matter which one is used, demands a basic understanding of things that can influence warrant prices. First, understand that the intrinsic value of a warrant is just the difference between the strike price and the underlying stock price. So, if the stock price is above the strike price, the warrant is in-the-money and has intrinsic value. Time value refers to whether a warrant, and its underlying stock, will increase in price over time (or that it will be in-the-money), but it usually declines as it gets closer to the expiration date, called time decay. If the stock price never exceeds the strike price, it is worthless upon expiry."
https://www.upcounsel.com/stock-warrants#:~:text=First%2C%20understand%20some%20basic%20terminology%3A%20The%20strike%20price%2C,price%20of%20the%20underlying%20security%20at%20the%20time.

If I may give an example of Power Metal Resources .

"Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce it has received notices to exercise warrants over 15,747,400 new ordinary shares of 0.1 pence each in the Company ("Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 3,997,400 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the Company; the exercise of 6,250,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in the Company; and the exercise of 5,500,000 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each in the Company."......
"The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 966,988,942 ordinary shares of 0.1p each."

The warrant strike prices are .7, .75 and 1p
https://markets.ft.com/data/announce/detail?dockey=1323-14815444-2OJ0B8JAV5H1EOVG7IKBK4V830

Thanks for your reply blue.
So are you saying that it is only in the first year that Viridian can't exercise for under 60p ? Where does it say that?
and also
If they have the right to buy shares at 1p, ( forget timeline stipulations for now) as you said then they will have a 20 bagger at todays price by this time next year! They could sell warrants at 20p or more or less
I thought ( maybe wrongly) the 1p is a nominal value often shows up with other company's in similar situations. The key number is the 60p, and any warrant they sell over 60p ( regardless when etc ) will then be in profit, obviously the higher the SP over the warrant price the more profit for Viridian.
It does state "which are exercisable on the Company's Ordinary Share price appreciating to 60 pence". It does not say in first year?

This is not a criticism, just trying to find out how Viridian could take a 20 bagger , maybe a 40 bagger in 12 months time, where is the incentive. The real incentive would be Viridian don't get any profit from their warrants until SP is over 60p whatever timeline they choose.

So Viridian have taken the warrants as salary and will not get paid unless the SP rises over 60p, over next 5 years. Therefore, if the SP only trebled in the year ahead to 59p then it would not be worth taking their warrants.
The following year they can take 25% of warrants every quarter if over 60p if they wish.
It seems that for every 10p over the warrant price ( 60p) that Viridian sell at will equate to approx. £1.1 m pound !
If CHILL hit the £1 again Viridian could sell All their warrants and make £44 m, or 25% and make £10m and kep the rest for the future.

DrB83. Thanks. I think your interpretation is better than mine.

I think the problem your having at the end of your post is that if they sell anytime for 60p, they will not make money . They have warrants which allow them to buy at 60p anytime in five years ( the shares will not be added to the total number of shares in company until they are sold) . If they sold at 65p. then they would make a 5p profit on each warrant - so if they exercised the warrant, they would buy / get each share for 60p from CHILL and sell it on market for 65p - so they can only ever make a profit on anything above 60p a share.

so yes theoretically, if the sp went to 65p next week they would be free to sell for the 5p profit, or hang on in hope of better returns later. BUT, after the one year holding measure they can sell in 25% amounts, if over 60p ..thereby taking some profit and keeping some warrants in for the bigger share price increases.
Hope this makes sense.

Thanks Muck .
The most recent mention of Vatics activity in the US that I have found was in an article on the 4th OCTOBER 21 in the Oxford Science Park web site.
"This strategic partnership offers the potential for 70-100 million UK invented and manufactured covid tests per year. The test is registered in the UK and EU already, and a clinical trial is ethically approved and ready to begin in the US to seek emergency use authorisation there, with multiple other geographies in the export pipeline across Asia, Africa and South America."
https://oxfordsp.com/category/2021/

DrB83.
This is just my interpretation from what was given in the RNS.
RNS
"As part of the agreement, Viridian has today been issued warrants exercisable into 4.9% of the Company's fully diluted ordinary share capital (representing approximately 11,290,826 ordinary shares), with an exercise period of five years and an exercise price of 1 pence per ordinary share of 1 pence each ("Ordinary Shares"), which are exercisable on the Company's Ordinary Share price appreciating to 60 pence, or otherwise, exercisable at 25% per quarter following the 12 month anniversary of the grant date."

Viridian have been allocated warrants for 4.9% of the company's share capital which is 11 1/4 million shares. The shares are today (20p) so deal is worth approx. £ 2, 250, 000 TODAY.

They have been given two options on how they take their warrants.
Option 1. Hold the warrants / shares for a maximum of 5 years and they would be able to sell if SP is at, or over 60p at this time. Would be worth minimum in five years of £6, 750,000 if at 60p a share.

option 2. Viridian are locked in and unable to sell for one year until anniversary of the grant date (which would be 30th September 22) and can then opt to sell / exercise a maximum of 25% on any quarter!! Now, I do not know if this means they can sell 25% at any quarter over the next one year, or over the next five years.

So, if the CHILL SP doubled each year for the next 5 years and they chose option 1 the share price would be at £3.20 in 5 years’ time x 11.25 m shares = £36 million profit for five years consultancy.

If they preferred to take option 2 then in a years’ time once the grant date had expired the SP would have doubled to 40p (and as they can sell through this further year the share price will double again to 80p) – so they can sell throughout this year at an average share price of 60p.

This would give VIRIDIAN 11.25 m shares x 60p = £6,750,000 after two years consultancy – if they sold 100% .

If it was me then I would think I had a good deal here with option 2 because depending on my performance and the company’s performance year on year ( which , lets be honest is an unknown), I would always have an option to sell up if things looked bleak, yet also have the option to hold on longer for up to five years, if the company took off.

Since early July I think, Vatic have been mentioning in their press releases that ..
"Vatic is also now doing clinical trials in the US to secure Emergency Use Authorisation from the FDA".
I am assuming this will also be for home use and if it were to come off - will be another big day on the ABDX board to look forward too. I think these things take as long as they take - but in theory could be sometime soon.
I can only find reference to this in July and August - so if anyone has anything to add to this form more recently that would be appreciated.

I understand there will be a new list identifying any new company's that will be allowed to sell " at home tests".
Does anyone think that this list will be a separate list, maybe published earlier in the week? or will we just get the one list on Friday - detailing each company contracted and what they can sell (professional vs at home) .

I agree. Borrowing money to invest is a road to ruin.
However, shorting a stock with no volume and it's SP seemingly dead in the water ( Sold Value £11,940 / Bought Value £731.25 ), leaves CHILL vulnerable.
The fact that no one is buying in any real quantity before the presentation gives you an insight in how confident CHILL investors are at present. If the SP is cheap you would think that some peeps here would put their money where their mouths are, show some belief.

https://www.which.co.uk/news/2021/10/is-your-lateral-flow-test-illegal-for-travel/

Unless more information is leaked over the next week then next Friday will be D Day. God knows what time this list will be published but its going to be a bit of a scrum, once out. imo. I've taken my position now, so to avoids the scrum and now its all down to whats on this bl%^dy list. As Happy Days has just mentioned we get three bites of the same cherry here.

Me neither. But if there is a raise and its to be used primarily expand, generate millions of more sales...then that's a positive thing right! as opposed to a raise to keep the lights on with no short term likelihood of making any sales.

must have started over a month ago, according to a BBC interview given by Transport Secretary Grant Shapps. in September 21.
"Covid testing firms are facing a shortage of lateral flow tests, says Transport Secretary Grant Shapps."

"Mr Shapps said it would take several weeks to switch from PCR tests to lateral flow tests."
"But my understanding is that the ramp-up of supply of lateral flow [tests] through the private testing sector has some way to go"
"When questioned by MP Ben Bradshaw about why this was an issue, since many test providers also offer lateral flow tests, Mr Shapps said it was a question of scale."

"We go from a situation where ( my assumption he is referring to manufacturers) they are providing a low number of thousands [of tests], to probably millions of tests very quickly and need a few weeks to scale up on it," he said."

If this is the case and the LFT manufacturers have been scaling up this past month then Abington should be working to full capacity soon! The silence from the company and others can be explained by the government wishing to make the announcement themselves on the 22nd Sept.
It must be a done deal, and ALL manufacturers on that list will be working towards full capacity now..... to ensure a gentle transition form PCT to LFT late next week.
https://www.bbc.co.uk/news/business-58656292

AVCT and ODX both on 2% spread and we get lumbered with a 10% spread which is not helping.

"Eligible travellers will be able to order lateral flow tests from Government-approved private providers, a list of which will go live on the Government website on October 22."

https://www.lbc.co.uk/news/lateral-flow-tests-to-replace-pcr-tests-for-international-travel-from-october-24/