SP . Price movement, page-2000

I actually do think we are still late even though there are significant covid cases around the world. I think it for a couple of reasons.

1. Customers who have requirements for a Covid test have already signed up to existing suppliers with a product already on the market. We wont break into those deals.

2. Vaccination rates are increasing around the world and countries are opening up.

3. USA are allowing vaccinated people to go to concerts (no test needed) and have dropped masks in some areas.

4. UK coming out of lockdown. Tests will be needed but only for hospitals and nursing homes etc.

5. I suspect India's true Covid count is much much higher than what is being reported so I wouldn't be surprised if they reach herd immunity within 6-9 months.

I have no doubt Anteo will sell their Covid test but not in the numbers we were expecting.

The only space I see where big numbers may be achieved is if we sign contracts with Airlines to restart travel (and this option is still a good chance). Unfortunately suppling the product to resorts and mining sites isn't going to give us the numbers we want to see.

I'm also a little disappointed that only now customers are trialling the product.
Why weren't trials completed in parallel with the official testing? Did they not know about the product? If not, why wasn't it marketed behind the scenes as a potential premium test highlighting that test results were still pending?

Why are company representatives only now being recruited for France and India?

Why haven't they already recruited for UK and Germany? What about other countries in that region?

Management oozed confidence so why hadn't all of the above been put in place already? Was it a lack of funds?

Surely other have the same questions and thoughts? At 34 cents, is the market telling us that the sales numbers wont be as big as what we all hope?

Let's see what eventuates in the coming months but I'm proud of the company that they have now set up a path to commercialise many other products going forward and for this reason I haven't sold any and recently took part in the SI placement and SPP.

Bring on next week.