Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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"Perhaps he was under the impression (as most of us were) that UKGOV were actually going to give them an order. Funny that!"
a company should not rely on one customer - no matter how lucrative. yes if they had got some of the cash it would have been transformational...but there were plenty of other opportunities if they had not just put their feet up.
the securing of CE mark and selling in europe should have been started even before the gov contract was awarded. there was always a doubt on how long the pandemic would be around for due to possible vaccines and cures.
NCYT got a gov contract and still went out and got other business. they got even more shafted by the gov but are still making a profit.
the elephant in the room is that odx cant seem transfer a good portfolio into sales. it suggests that there is a weakness in management and sales team - if there is one?
they are seemingly also not strong on contracts or strategies other than getting placings under way
Oh if only we had an honorable govt but that discussion is for another day / place. Bottom line is the Simon, jag, the sidekick finance guy and colin are / were paid hundreds of thousands in the understanding they understood contracts, minimum value clauses and the complexities of business ect. These excessive wages are meant to ensure the post holders (in short) know what they are doing. In the cold light of day what we've found is the directors at odx appear clueless idiots who seem in my view to have no more business skills than the average 15 year old, that's the real disappointment here for me.
Perhaps he was under the impression (as most of us were) that UKGOV were actually going to give them an order. Funny that!
Still, most of us are wise in hindsight apart from the desperate who want to continuously **** a naive trusting BOD....
Still, it was a pandemic.....after all....and I'm pleased now we didn't even get one order as ODX can go after the bastards.
We wont hear much as UKGOV good at playing smoke and mirrors.....just hope when the placing is complete the lawyers get motivated.
Hmm is that jag that was part of the team that sunk 10 million + into alva and sold it for a million a year or so later, I doubt based on that he has much understanding of numbers.
Does
Do anyone think Jag has noticed that it is cheaper to buy ODX on the open market?