EFH Ltd    Last:0.051    +0.006

Why Biolidics share price significantly dropped

Monday alot selling, T+2 and T+4. BB not so nice to collect to push up de

 

Approval by FDA usa is a huge thing to begin with. Hence approval by HSA SG and approval by Philipines FDA did say something to getting a higher chance of approval by USA. 

If USA are viable in getting test kits, why would they promise to purchase 1.25 million kits in first 3 months? That shows that the demand is too huge and allows different companies to compete to meet the demand for different states in USA (all purchasing their own test kits without assistance by Federal). 
For now, OXford university are in the midst to start the experiment of vaccines on human , the fastest they can do is by September and no promise guaranteed to produce a viable vaccinne as shown by Gilead failure to do so. 

Hence, the test kits for immediate result is needed . Branding is still important in marketing. I believe the approval by SG HSA meant a lot to USA buyer. We all use Hua Wei system for internet and some also use their phones. China made might have issues if they are NOT verified by any credible party.

Hopefully we will get lucky too in the sale of their test kits hehehe. Luck do play a part lol

humbleman      ( Date: 25-Apr-2020 09:41) Posted: Yes i mention before in earlier post. I bearish on biolidics.  Approval by FDA does not mean sales.  A few things going against it  1. China made( this is the reality of current political situation, nothing personal) 2. Serology in contrast to PCR that is the gold standard(many other point of care PCR in the market now and soon)  3. Accuracy still needs time to be verified  4. Huge competition  5. No uptake even in local market is strange  Do your own diligence  wolverine23      ( Date: 25-Apr-2020 09:22) Posted: seems like a hell lot of competition. depends really on how good Bio product is ....any expert views

 

To be fair to Biolidics, I think it has done well for a small company by developing a test kit that is supposedly good enough to sell to the world. Imagine lives being saved due to their test kits. I would be proud if I were part of this test kit team. Investors who are stuck at higher levels would have to think if this company is serious. If so, this successful test kit will hopefully earn the company some interesting profits, even if this is not a very huge figure due to competition, and allow the company to move forward with their newfound fame, contacts, confidence and knowledge. Moving forward, Biolidics may need to do other things like linkups with educational institutions and other medical institutions. It would need a broader and more solid base of products and services. Bear in mind this company has a history of losses and a company has future only if it is profitable. So even if one is optimistic, it is better to limit exposure to a comfortable level.

 

If a small company in Singapore called Biolidics can do it and another listed Singapore dental company is trying to do it, and there are so many companies that are already making or trying to develop test kits, obviously competition will be intense. Very intense. When domestically sourced test kits are available, why would a developed country like the USA want to source foreign-made test kits from small companies? If foreign-made test kits were to be of substandard, whose head(s) is(are) going to be " chopped" ? If a large US company were to make substandard test kits, it can be sued for lots of damages. Initial emergency orders over a couple of months from small foreign companies for test kits would be an expected best case scenario IMHO.

wolverine23      ( Date: 25-Apr-2020 09:22) Posted: seems like a hell lot of competition. depends really on how good Bio product is ....any expert views? ST3-trading      ( Date: 25-Apr-2020 09:18) Posted: https://www.msnbc.com/msnbc/watch/fda-announces-approval-of-first-at-home-coronavirus-test-kit-82544197813 What ur think .?

 

Yes i mention before in earlier post. I bearish on biolidics. 
Approval by FDA does not mean sales. 
A few things going against it 
1. China made( this is the reality of current political situation, nothing personal)
2. Serology in contrast to PCR that is the gold standard(many other point of care PCR in the market now and soon) 
3. Accuracy still needs time to be verified 
4. Huge competition 
5. No uptake even in local market is strange 
Do your own diligence 

wolverine23      ( Date: 25-Apr-2020 09:22) Posted: seems like a hell lot of competition. depends really on how good Bio product is ....any expert views? ST3-trading      ( Date: 25-Apr-2020 09:18) Posted: https://www.msnbc.com/msnbc/watch/fda-announces-approval-of-first-at-home-coronavirus-test-kit-82544197813 What ur think .?

 

seems like a hell lot of competition. depends really on how good Bio product is ....any expert views?

ST3-trading      ( Date: 25-Apr-2020 09:18) Posted: https://www.msnbc.com/msnbc/watch/fda-announces-approval-of-first-at-home-coronavirus-test-kit-82544197813 What ur think .?

 

https://www.msnbc.com/msnbc/watch/fda-announces-approval-of-first-at-home-coronavirus-test-kit-82544197813

What ur think .?

 

Ehat news?

westpoison      ( Date: 24-Apr-2020 21:45) Posted: Good news coming  Kai189      ( Date: 24-Apr-2020 21:37) Posted: 23/4/2020- i would reckon a lot of retail investors went in from 0.8 onwards. so T+3 ( wednesday) or thursday there could be alot of forced selling if cannot hold the shares. in all honesty ...this is a potential good counter just need to hold for few months when its values get unlocked. Just hold if can. and reinvest in other counters to earn back.

 

Okie. I saw the numbers

Ryuuenji      ( Date: 24-Apr-2020 22:37) Posted: Next week, probably you will witness... Just sharing my Observation. Justice888      ( Date: 24-Apr-2020 22:21) Posted: Means

 

Next week, probably you will witness...

Just sharing my Observation.

Justice888      ( Date: 24-Apr-2020 22:21) Posted: Means ? Ryuuenji      ( Date: 24-Apr-2020 22:19) Posted: --- Post Removed by User ---

 

What coming ? 

Sgvale      ( Date: 24-Apr-2020 16:23) Posted: Coming !!!

 

Means ?

Ryuuenji      ( Date: 24-Apr-2020 22:19) Posted: --- Post Removed by User ---

 

yea,, hope every1 huat from this counter. see many ppl so anxious reminds me of my younger yrs in investing....easily can lose $20k in a trading day

westpoison      ( Date: 24-Apr-2020 21:45) Posted: Good news coming  Kai189      ( Date: 24-Apr-2020 21:37) Posted: 23/4/2020- i would reckon a lot of retail investors went in from 0.8 onwards. so T+3 ( wednesday) or thursday there could be alot of forced selling if cannot hold the shares. in all honesty ...this is a potential good counter just need to hold for few months when its values get unlocked. Just hold if can. and reinvest in other counters to earn back.

 

Not hurting.. juz boh liao ..im also sharing my thoughts..
Why u also kanna butt hurt too.. yucks..

shortking      ( Date: 24-Apr-2020 21:10) Posted: why hating hes just sharing his thoughts if he is 100% true he wouldnt be here

 

Good news coming 

Kai189      ( Date: 24-Apr-2020 21:37) Posted: 23/4/2020- i would reckon a lot of retail investors went in from 0.8 onwards. so T+3 ( wednesday) or thursday there could be alot of forced selling if cannot hold the shares. in all honesty ...this is a potential good counter just need to hold for few months when its values get unlocked. Just hold if can. and reinvest in other counters to earn back.

 

23/4/2020- i would reckon a lot of retail investors went in from 0.8 onwards. so T+3 ( wednesday) or thursday there could be alot of forced selling if cannot hold the shares. in all honesty ...this is a potential good counter just need to hold for few months when its values get unlocked. Just hold if can. and reinvest in other counters to earn back. 

 

 

why hating hes just sharing his thoughts if he is 100% true he wouldnt be here

 

Hope can go up to 70c

 

I feel that it will go up but probably to 0.50++ only. Unlikely to hit 0.60++ or higher unless got very good news support. Just my opinion haha😊

mistrally      ( Date: 24-Apr-2020 18:32) Posted: Sooo... what do you guys think will happen next week and why?

 

can infer from AYTU price today to gauge the trend ba.... ALL definitely hope it will go up but Shortists for this counter will hope to beat it down at the right time too lol 

If there is more deals with other distributors in Europe , then it will be go up to where some of us bought wrongly lol

polarinda      ( Date: 24-Apr-2020 18:53) Posted: up mistrally      ( Date: 24-Apr-2020 18:32) Posted: Sooo... what do you guys think will happen next week and why?