LDX lumos diagnostics holdings limited

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Definitely curious as to why we are being held down here market...

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10ur

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13/02/24

09:56

Post #: 72374224
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Originally posted by FindMyBroker: ↑

I think personally the wording of the announcement made it sound restrictive to US distributors. "Lumos appoints Henry Shien as US distributor" It comes across like they are our only distributor and that they would be the only major to come on board. It reads wrong to me. Having a title such as "Lumos signs non exclusive distributor agreement with Henry Shien US" would make it sound like "ok, they have signed a major, who else will now jump on board".

Yes, we are dealing with Henry Schein. Yes, they sell Febridx in the UK. Historically sales in the UK haven't been substantial, but its a different market. So the market may interpret is as "great, they have expanded the partnership, but Henry Schein has sold bugger all to date in the UK". Which is why there may have been the pump and sell off when it failed to run on to .10c

But given the regional partners sold around $200K worth of product in a few weeks in the US, you would think that being the 6th largest distributor and an active marketer of the product, we should see a good uptake of sales of the product. Granted, with CLIA waiver, we should expand to a larger market, but for the time being, HS being on board is a major win.

These photos are from September 2023 and January 2024 in the UK:

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Definitely curious as to why we are being held down here market might want confirmation in sales numbers

Market depth is faked to look sell side look strong

Last edited by 10ur: 13/02/24

LDX Price at posting: 8.1¢ Sentiment: None Disclosure: Held
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Definitely curious as to why we are being held down here market...

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Definitely curious as to why we are being held down here market...

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