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Why Biolidics share price significantly dropped
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Stocky901
Supreme |
22-Aug-2022 18:17
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Best option now is to exit asap. Usually post rights price is very low and can go below rights price. I. e. 0.035..😶
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Wordee
Senior |
15-Aug-2022 17:27
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this stock made its mark during covid, now the end is near with the rights issue to be an exit strategy by major share holders
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ahhuat08
Elite |
15-Aug-2022 14:09
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what to do, desperate for cash flow ba
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Stocky901
Supreme |
15-Aug-2022 14:08
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Quite a low ball rights issue. 1 for 1 at 0.035.😪 | ||||
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Stocky901
Supreme |
15-Aug-2022 13:49
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You can sell your rights in open mkt when they are listed. Must monitor closely. Good luck.
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ashish
Member |
15-Aug-2022 12:18
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Anyone can advise can this right issue entitled shares issued on equities held be sold directly in market without actually purchasing right issued shares | ||||
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mistrally
Member |
27-Apr-2020 13:52
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Yup, Zhejiang is legit. I' ve dealt with Healgen also, these guys are not bad. It' s just that they don' t have approval to export from China after the export ban on 1 April. It could just be a paperwork issue or not enough testing or it could even be the product is not good enough. But they are not fly-by-night companies. Getting approval is tedious and tricky, sometimes one piece of paper missing then can' t export for months already.  
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actan99
Master |
27-Apr-2020 13:04
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And if    Nanjing Vazyme, also good. This from Canada government. https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-devices/covid-19/diagnostic-devices-applications.html Biolidics market is overseas which is always BIGGER.  Not target singapore.   |
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ST3-trading
Senior |
27-Apr-2020 12:59
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Maybe aytu investor already know , that why their shares up
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actan99
Master |
27-Apr-2020 12:32
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Hmm so its zhejiang healgen initially ? and others pointed out its vazyme.    Btw the zhejiang one looks legit.  Zhejiang Orient is actually a receipient under BILL GATES foundation. Bill gates support one. See link below. https://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2018/11/OPP1197153
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guards80
Supreme |
27-Apr-2020 12:26
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BIOLIDICS: Q& A on its COVID-19 rapid test kithttp://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13485-biolidics-q-a-on-its-covid-19-rapid-test-kit |
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Joelton
Supreme |
27-Apr-2020 10:25
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Biolidics: Response to SGX Queries Question 1: Please explain and elaborate on the due diligence process conducted on Aytu, by the Company.
 
Company&rsquo s response: The Company had considered certain factors and conducted due diligence before appointing Aytu as the distributor for its test kits in the USA. These include assessing the financial standing of Aytu and conducting searches on Aytu on web-based global/financial databases, such as Bloomberg, Reuters and NASDAQ. The Company also noted that Aytu, which has been listed on NASDAQ since October 2017, has been appointed distributor for various pharmaceutical products addressing significant medical needs such as hypogonadism, cough and upper respiratory symptoms, insomnia and male infertility. Further, the Company also noted that Aytu has experience in obtaining regulatory clearance under Section 510(k) of the USA Food, Drug and Cosmetic Act, from the US Food and Drug Administration, a federal agency of the United States Department of Health and Human Services.
 
Question 2: Please explain if the Company and its business plans will be impacted by news on investigation of potential claims on behalf of purchasers of Aytu. Please disclose if there are any financial impact on Biolidics arising from this.
 
Company&rsquo s response: While the Company is not privy to the grounds of investigation of potential claims on behalf of purchasers of Aytu against Aytu (1), the Company believes that it would not be impacted by news on such investigation (the &ldquo Relevant News&rdquo ) as Aytu is only a distributor for the Company&rsquo s COVID-19 Antibody Test Kits.
 
The Company believes that the Relevant News is unlikely to have a material impact on its business plans in view of the following:
(1) The Company has completed the listing of its test kits under Section IV.D of the &ldquo Policy for Diagnostic Tests for Coronavirus Disease-2019 during the Public Health Emergency&rdquo of the USA which enables the Company to distribute, market and sell its COVID-19 Antibody Test Kits in the USA through various channels
(2) Based on the terms of the distributorship agreement as announced, Aytu is required to fulfill certain conditions in order to remain as the exclusive distributor for the COVID-19 Antibody Test Kits in USA, such as meeting the minimum purchase quantity within 3 months from the date ofsigning of the Agreement. If Aytu fails to meet these contractual conditions, the Company may appoint another distributor for the COVID-19 Antibody Test Kits and
(3) The Company may immediately terminate the distributorship agreement in the event of any breach of the terms of the agreement by Aytu or any of its sub-distributors, employees, agents or other representatives that have not been cured within 30 days following a written notification by Biolidics of such breach.
The Company will continue to monitor publicly available information on Aytu and will take appropriate steps to mitigate any potential negative financial impact on Biolidics arising from such developments.
 
Question 3: Based on the Bloomberg alert, on 17 April 2020, NBC News had issued the said report (the &ldquo NBC News Report&rdquo ) and on this news, Aytu&rsquo s stock price fell 8% on that day.
 
(a) Given that the Company had entered into the distributorship agreement with Aytu today, 23 Apr 2020, please disclose if the Company had been aware of the development pertaining to Aytu which was already made known publicly since 17 Apr 2020.
Company&rsquo s response: The Company was introduced to Aytu on or around 31 March 2020, by a business associate, who is based in Denver, Colorado, where Aytu is also based and was aware of the contents of the NBC News report entitled &ldquo Unapproved Chinese coronavirus antibody tests being used in at least 2 states&rdquo (&ldquo NBC News&rdquo ) on 17 April 2020 (2).
 
(b) When did the Company first become aware of the following, and what did the Company do to verify the information?
(i) investigation of potential claims by a law firm on behalf of purchasers of Aytu
(ii) allegations in the Bloomberg alert / NBC News.
 
Company&rsquo s response: The Company became aware of the investigation of potential claims by a law firm on behalf of purchasers of Aytu and the allegations in the Bloomberg alert / NBC News on 17 April 2020. The Company had not verified the information as the Company understands from Aytu that no law suit has been filed. In addition, the Company had evaluated and believed that Aytu is a suitable distributor based on the factors set out in the response to Question 1 above.
 
While the Company has not sought US legal counsel advice, the Company notes from the internet that at least three law firms have announced similar " investigations" on behalf of investors in Aytu. These firms have indicated that the press release may be considered " Attorney Advertising" , which the Company understands to be legal advertising by US law firms under the applicable law and ethical rules. The Company also notes that one of the law firm has launched similar investigations in respect of a number of listed entities, not just Aytu.
https://www.biolidics.com/newsroom/biolidics-sgx-queries-announcement-aytu-26042020.pdf |
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actan99
Master |
27-Apr-2020 00:25
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Wow she still have time can posts so many in 1 day ?  I thought SIA and Virgin airlines ( SIA own 20stakes in virgin airlines) in big trouble already, dont need her help meh ?  |
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NT7979
Member |
26-Apr-2020 23:26
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You are right...I roughly counted the number of posts she shared / typed today on her fb...it is about 145 .. but still what' s up with that? Hahahaha.
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AhLiang
Elite |
26-Apr-2020 23:16
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I don't believe. If one doesn't sleep at all, one can post only 144 posts a day if one spends on the average of 10 minutes per post. The post I saw clearly needed more than 10 minutes to type.
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ST3-trading
Senior |
26-Apr-2020 20:57
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https://www.who.int/news-room/commentaries/detail/immunity-passports-in-the-context-of-covid-19
They still need this |
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NT7979
Member |
26-Apr-2020 20:31
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See if this works. https://www.facebook.com/permalink.php?story_fbid=1418133081707855& id=100005335308340 just realized she post few hundreds post each day!?!?.. what' s up with her anyway? CB = Clearbridge. |
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jot906
Member |
26-Apr-2020 18:21
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Cant see the link leh...
What?s Cb?
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Innocent
Veteran |
26-Apr-2020 18:21
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@actan99, well-said for " OEM, rebranding, exclusivity distributors, dealership , reselling, aiyo so common in supply chain business.    Just an analogy. Just like you buy a kia car in spore, u must go to Cycle and carriage singapore and buy. Why dont fly to korea go kia factory in korea buy 1 unit ? You think korea factory wana sell u 1 unti. They sell in volumes. Thats why sometimes need middle parties. Lower margins but got volume still ok."     WELL-SAID!!!
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actan99
Master |
26-Apr-2020 18:16
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China and US always have tensions between them. GEOPOLITICS, Rivalry on the global stage,  Probaby thats why the US have to find ways to receive the product, from  friendly democratic country. ( Like Singapore ) Maybe the USA wana save face ? At least they can say they buy from singapore and not from China ?  Thats probably why their disributor in the USA gets the product from Biolidics am I right ?    OEM, rebranding, exclusivity distributors, dealership , reselling, aiyo so common in supply chain business.  Just an analogy. Just like you buy a kia car in spore, u must go to Cycle and carriage singapore and buy. Why dont fly to korea go kia factory in korea buy 1 unit ? You think korea factory wana sell u 1 unti. They sell in volumes. Thats why sometimes need middle parties. Lower margins but got volume still ok.    So its a win win situation for both the USA sides and boliidcs if they can excute it properly right?  |
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