Member Info for wadogara

@teabiscuit. We aren't relying on orders from the government as we already have "significant" orders from Avacta and Vatic.There's a massive private commercial market out there and as already proven by recent DHSC shenanigans with Abingdon,Omega and Ncyt..we're so much better off without them.

@FTH. I don't know who you are but it has to be said..you're a bit of a legend on this board.If this all works out then many of us will owe you a mahoosive gratitudinal debt.Thanks for all your input.

Exactly @maq.
Also from the prelims :
"We strongly believe that we are at the start of a paradigm-shift in the use and application of rapid testing"
"Our long-term strategic objective is to become the largest automated manufacturer of lateral flow tests globally."
(and this little nuggett)...
"We have received significant purchase orders for manufacturing batches from Vatic and Avacta,in advance of completion of technical transfer of their products"
They've already stated Avacta TT due by end of year and a range of other TTs are in their final stages.
MCap of just £40m,fully funded and owed over £9m from the DHSC (having signed a non-binding agreement and recently had very encouraging discussions for it's collection).Flexible production to move with any new variants,distribution agreements signed,expansion complete,..about to pop ?

34.5p / +11%...she's outta the traps !

33p and rising +6.2%

Incoming ?

A lab-based antibody test,2-3 day wait..at £50 a pop..no thanks.

We also need the non-compliant section of society to cease from watching a few 5 minute,cleverly skewed clips on social media and believing that this then equips them with instant expertise in all things viralogical.

Prelims RNS 18th Nov. :
"..our significant technical transfer and manufacturimg capacity means we are ideally placed to support any changes in product specification of existing products if new variants emerge."
"Our long term objective is to become THE LARGEST automated manufacturer of lateral flow tests GLOBALLY"
..quite a bold statement of intent.Current mcap... £29m.What a bargain.

@TraderB. Why don't you just use the filter button

As per fundraise RNS :
We've received a " significant order " from Avacta and an IPO of 600k from Vatic (Know Now)..and
"Vatic have previously stated that demand could reasonably increase to 2mn tests per month and ultimately reach 100mn per annum."
WOW!

@pumpky.Am not in Avacta, what price are the director's options exercisable ?.sorry for being lazy..

I think the amount showing is the amount you have asked for.I don't think we willl know how many excess shares we've received until the 21st..could be wrong.One thing's for sure,if i don't get my requested amount i'll be straight in at the market SP.

@Brentw1. That's promising tohear you got all you asked for,i will too then ,hopefully. 25p..such a bargain.

Still being held back by the 2nd placing shares due for admission on 21st.According to h/l i will find out today how many open offer shares i will receive and the payment will be deducted from my balance.Once we all know how many extra shares we are/are not receiving in open offer,this will fly imo as the fog clears.Big news on the horizon re TTs (in final stages as per RNS) and Avacta/Vatic approvals and orders.

Yes,of course we need sales to complement approvals.Those of us here long enough know the volatility/trading that goes on,but it's not like we need to safeguard against a 40-50% spike this morning.Today's RNS is confirmation that our test has the same performance parameters as Covios which was cleared last week.It also confirms Colin still 'expects' commercial opportunities to be 'unlocked' following approvals.We know we can make 50-100 million tests per annum and we know the world is crying out for accurate,reliable LFTs.There is NO future covid revenues accounted for in current SP,doesn't even cover the rapidly expanding non-covid divisions.Imo..we've been battered down to here by a string of disappointments..but this is cheap now.

@stas20. That's like saying " we always knew ODX would sell millions of LFTs after they got approvals"..after we get CTDA and HUA.The trick is to get in before all that happens...

@pumpky.You asked earlier how many tests ODX have sold to date ?
Answer : alot more than GDR..and they trebled in a week on CE.mark and no sales....
Gift at these levels,just before approvals.

"Commercial opportunities to be unlocked following approval"
Same performance as Mologic Covios against Omicron and other existing variants
Just need approvals to land and we're off

CTDA approvals surely must now be fast-tracked.Approval and i imagine DAM will be inundated with demand to administer in-clinic as there's such a shortage on the streets.