We would love to hear your thoughts about our site and services, please take our survey here.
HDU probably has feck all to say and is a disappointed as the rest of us.
The 2.7 million minimum deal is now worth nowt.
Commercial launch of the Knownow test hasn’t happened as per Abingdon’s last guidance.
We don’t have a clue what’s going on with the Taiwan deal.
How on earth were able to issue the initial newsflow on the above?
On the plus side, Vatic could happen. The Taiwan deal could happen (won’t hold my breath for either.
They are currently working on 6 tech transfers, 3 of which sound close if Abingdon are to be believed.
Cash burn is considerably lower now with the reduced head count so assuming there will be some revenue, they probably have cash for a year and a half providing the directors don’t pay themselves huge bonuses for doing such a great job.
It was a pointless RNS without EUA. It’s the same as someone declaring a 10 million house purchase before being approved for a mortgage. Pointless and has caused more anxiety for investors expecting to hear news.
Of course I would love to be proved wrong.
Listen to yourself.
Abingdon have more than 4.9 million in cash alone, plus assets, plus some revenue.
I’ve been invested in AVACTA for a long time but they are currently loss making (far greater than here) with a 285 million MCAP. Great company which I’m confident will succeed but you appear to be confused about the fundamentals.
Thanks for the response. This is what confuses me and it passed me by at the time. They posted about releasing the results on Twitter too and then nothing. Someone must know something.
https://techround.co.uk/news/trials-of-accurate-testing-against-mutations-vatic/amp/
I’m rather hoping we hear about completed TT for the 2.7 million deal next week. Taiwan, who knows wtf that’s all about but it may surprise us. Having done a bit of digging on Vatic, I can’t see anywhere the extended clinical trials completed or the new data set published. Can anyone shed any light on this? It really wouldn’t have made sense to have applied for EUA without this information and more to the point, I don’t think the original sample size would have been enough.
Yeah, patience all the way down from a pound. I can see a rebound from if they get some news out but let’s say it how it is. If you participated in the fundraise you have around 36% of your investment remaining. Far from ideal and it’s Ok to discuss it.