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"At this stage they should just start using the loaned equipment without further delay by way of mitigating their loss and commence legal proceedings against the DHSC for breach of contract."
What breach of contract are you suggesting has occurred? I'm assuming that you're a contract lawyer or contract specialist who has reviewed the Contract in detail t make such an assertion...
I agree as I can't see a breach of contract and unfortunately ODX have been played and we the PI are picking up the pieces. There other things in the pipeline but I will hold and see where it goes. As for the contract there is nothing to see and certainly nothing illegal or breached in its current form.
"At this stage they should just start using the loaned equipment without further delay by way of mitigating their loss and commence legal proceedings against the DHSC for breach of contract."
What breach of contract are you suggesting has occurred? I'm assuming that you're a contract lawyer or contract specialist who has reviewed the Contract in detail t make such an assertion...
Hopefully it'll be completed by the time they revert back to LFTs
We don’t need to use the Kit at the moment, we have no antigen LFT to actually sell - until we clear regulatory clearance
“The Company though does need to go on the front foot without alienating DHSC”
The Company has been royally screwed by the DHSC why should they care about alienating them? At this stage they should just start using the loaned equipment without further delay by way of mitigating their loss and commence legal proceedings against the DHSC for breach of contract.
Additional view from NXC - just shared on ADVFN:
I have been reflecting on the potential for upside from the current price ( which I believe is underpinned by the other two divisions).
1. DHSC - much has been written about this and the Company found itself in an impossible position having been in active dialogue with DHSC until very recently. I guess it had a choice as to alienate DHSC or wrap some wording around the contract expiring and leaving the door open for further dialogue both with regard to the use of the equipment and/or supplying the preferred DHSC test. The Company has been accused of misleading investors re DHSC and whilst I feel badly let down I suspect that there was a genuine belief right up until Mid-November that they were going to secure a meaningful bit of business from DHSC.Will the opportunity ever return ? One would like to think given the many extra miles walked by the Company on behalf of this Government that there would be some recognition of this. However right at this moment in time it is impossible to forecast and any attempt to put any positive spin on the situation would be met with howls of derision. The Company though does need to go on the front foot without alienating DHSC and more actively engage with those that can rightly influence those in power.We have a good offering a good story to tell. I think the DHSC angle is far from dead but meaningful revenues will not be seen until second half of 2022.
2. HUA - I am confident that HUA will be forthcoming and that will provide a significant boost to revenues with commercial discussions awaiting final regulatory approval.
3. FDA - I personally do not see this happening in short order and even if it does happen the main action is in self-test and not professional testing. The scale of investment for the former is in my view beyond ODX's reach as it does not have the capital resources necessary to exploit the opportunity.
I am left with the impression that the Company is as shell-shocked as we are by the decision of DHSC not to award any business currently to ODX ( do not get tied up with the legalese as that is just a convenient smokescreen) however all is not dead and I would like to think our country ultimately needs ODX and other UK diagnostic companies if it is to get out of this mess.