Abingdon Health Share Discussion Threads

[1347] 16/9/2021 20:05

Three new contracts awarded on Bidstats - looks like more Chinese tests while UK diagnostics companies go to the wall,. What's the effing point of keep enriching the Chinese to build up their military capability? Who the hell is Johnson really working for?

[marc antony] 16/9/2021 19:19

Word on the streets brokers contacting clients if they want to take part in the placing. I am not sure if the 12p price is correct.

Has anyone been contacted here? Tends to be advisories brokers, not execution only.

I wonder if Timbo has been contacted, as he usually buys placing shares.

[punjabi_guy_band_wala_scene] 16/9/2021 18:07

Shocking!!!!!! Back to 20p soon

[bigjock36] 16/9/2021 14:30

Its old news ignore this duffer

[pomp circumstance] 16/9/2021 14:28

Relevant news, they are all going down!

[pomp circumstance] 16/9/2021 14:19

Get out ASAP and what ever you have left contribute tot he GLP to get this trutht twisters out of govt.


hxxps://www.crowdjustice.com/case/abingdon-health/


The Government supported the creation of the UK Rapid Test Consortium (UK-RTC) back in April. The idea was that the companies and institutions involved, including Abingdon Health, would create a rapid antibody test. On 2nd June, Government awarded a contract worth £10million to Abingdon Health for the materials needed to produce the test. On 14th August, they handed Abingdon Health another contract worth a staggering £75million.

Despite these huge sums of money, Government seems to have ignored widely held concerns that these tests were not fit for purpose. So a £75million contract was awarded without competition, on the basis of profoundly flawed research. And when confronted with evidence of these flaws Government tried to suppress publication of that evidence.

[david gruen] 16/9/2021 09:34

2021 triple bag that one Jock.

[bigjock36] 16/9/2021 09:29

I bought at 38.6

[grosstonnage] 16/9/2021 09:23

volsungYou won't regret it

[boysie72] 16/9/2021 08:47

Dave - yeah, backwards robot and the village people crew are con artists and validates why groomers like them must be filtered. Imagine what harm they could be capable of elsewhere on the internet.

[chilltime] 16/9/2021 08:42

Whatever the beef with BR is doesn't matter.

The fact is they are low on cash v cash burn, the cash from the government supply is on hold, subject to a legal challenge.

They need money now, so it's absolutely bonkers to dismiss that a raise isn't likely.
Lack of admission to that by holders, under the documented circumstances is just complete madness.

[mega bozzer] 16/9/2021 07:25

Something is clearly not right here, heavy selling has persisted last three weeks, my guess is that they will have to soon issue a funding warning. Could go in administration if they can't get funds.

[dt1o1o] 16/9/2021 07:12

I made a mistake here, I should have cut my losses at 50p, I did not know there's a funding issue.

[johncraven2] 15/9/2021 18:36

BTW, I do not think it's obvious for share puffers here, they do not even know about the cash position of this company.

[johncraven2] 15/9/2021 18:21

So what price is the placing? BR is saying 10p.

They have to satisfy the IPO holders, allowing them to average down big. Otherwise, the price will plummet a lot more when IPO holders start dumping in 3 months time.

Either way, it does not bode well for the share price. It will be difficult to get enough to survive for the next six months.

Could be the shortest IPO ever, as administration is clearly in play now. No contract.

[columbarius] 15/9/2021 18:12

I think it’s obvious they need cash. How many times with aim companies have we seen a share price jump then decline into a placing as insiders benefit from knowledge of the placing price.

[david gruen] 15/9/2021 17:24

Shut up you clueless nonse.

[bad robot] 15/9/2021 17:23

C'mon people, you guys are nonchalant. Let's discuss some numbers together. Please do not pump and palm this dead duck on noobs.


BR
IN BR WE TRUST
RED MERCURY CREW

[bad robot] 15/9/2021 15:24

July, August and September would be another £9m, but they had only £4.9m in June, even they cut costs, by 30%-40% which is nearly impossible, I can say they are using credit cards to pay bills now.



In six months, they spent £15.1 at the end of June 2021 and had £4.9m cash. They were spending £3m per month.

Now we are approaching the end of September; I suspect there's no money left. Hence why non-rns statement, trying to do a placing, the rats in the know are running.


Expect a placing RNS this week or possibly next week. There's a likelihood of forward selling!!!!!



BR
IN BR WE TRUST
RED MERCURY CREW.