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Ann: Cellmid's Shipment of SARS-CoV-2 Tests Received, page-282

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pachinko

213 Posts.

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18/04/20

15:20

Post #: 44117921
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Originally posted by Von Rico: ↑

“If ALL18 POCT antibody suppliers were able to provide 12000 tests each”

As you know, these tests come in packs of 20 and are not sold separately, in the same way that Panadol might be sold in packs of 24, you don’t just buy one.

The question still remains then, does CDY have 12,000 tests which is only 600 packs at a wholesale cost of approximately $60,000, or do they have 12,000 packs of 20 at an estimated cost of $1.2M? After all they did raise $6m.

If it is the former as you say and all these suppliers just sell 12,000 tests then that’s only $60k stock each at cost based on my estimate.

Hardly worth the effort from a business point of view.

I thought CDY had exclusitivity, but doesn’t appear to be the case.

For the record I have been a holder of CDY going back several years. I don’t currently hold stock but have traded a few during this current rally.

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Hi Von,
the values of this shipment around $100,000 for 120,000 test kits and CDY did not have to pay for this FIRST order,
hopefully Maria can sell all of these test kits before end of this month, then she can make further order with our $6 Million fund
Pachinko

CDY Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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