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Pretty solid stuff, dare I say, might be worth a top up. Sorry bed moisteners.
That is just the margin for pre-production. Margins will naturally be higher but these have not been disclosed and Omega is not at liberty to disclose these
Well that puts that to bed, so higher for future production and no placing.
Imo the moneys already rolling in gla
@Wadogara, the point is not about figures, we know the capacity is 2m by end of may, the point is half-truth after half-truth, their communication is shocking, either dont mention capacity figures or make sure they are accurate and up to date
@Computer..bedwetting and yapping at its best."Oh give me an exact figure to calm my anxieties,please,please !..why won't they give us some figures!!..my cotton wool is really starting to unravel here!"
@Magpie21: we are overdue an April trading update, but looks like they aren’t bothering this year, its not as though its investors are clamoring for news
“No we don’t want to keep a share price low and would prefer the share price to rise based on actual news on the performance of the business or changes to the expected performance of the business (and not on any misunderstanding of a Government contract disclosure).”
I thought we had actual news that was transformational to the company already, Walbrook are beyond useless and condescending to Investors, the misunderstanding only comes from Colin’s vagueness
Do we know when/if there will be another presentation from CK to provide an update on all aspects of the business?
Why the sudden secrecy around capacity, all they ever bang on about is capacity targets, surely even a figure on actual capacity would clear up a lot of the bul****
Some solid responses, very difficult for the share bashers to use for de-ramping.
So no apology for the Tesla comment which quite a few of us found disrespectful - especially on losing 15% of the SP.
Q5 Can we please confirm via official channels any sales of the new visitect antigen test to restore shareholder confidence and not just say we don't divulge this information to shareholders as we feel we deserve you to go out of your way after the Friday night twitter episode to restore sentiment.
As and when there are significant sales or commercial agreements then Omega will announce these yes. They only launched this on 30 April and are in commercial discussions with a number commercial partners.
Q6 Can we request that you get behind any rise and allow the share price growth or do you want to keep it low for institutional investors?
No we don’t want to keep a share price low and would prefer the share price to rise based on actual news on the performance of the business or changes to the expected performance of the business (and not on any misunderstanding of a Government contract disclosure).
Q7 Can we ask why you are quick to correct any misinformation that causes the share to rise but not correct misinformation that causes the share price to fall?
You’ll have seen that previously we’ve corrected misconceptions of imminent Placings, claims of fraud and also suggestions that Colin had sold his entire shareholding.
Q8 Are we at 2 million a week capacity or nearly there? 1.5m 1.8m etc
I’ll pass on your desire for an update on production capacity – I cannot provide that to shareholders individually or via email.
I appreciate your time and look forward to your responses.
Source: https://twitter.com/adamd1976/status/1392890976012754944?s=21
Reposting as the whole thing wasn’t posted…
Hi Guys
Q1 Can you please stop putting brakes on any potential share rise going forward? Maybe hire a social media manager?
No-one was trying to put the brakes on a potential share price only to prevent investors from incorrectly interpreting the recent Government disclosure. It was evident from posts on twitter and emails received from investors that there was a worrying misconception that the additional Government disclosure made on Friday had somehow confirmed a contract award of £374m (beyond what had already been previous disclosed in March) or that Omega had in some way had purchase orders for this value confirmed. That is not the case and the caveats that were stated in the 15 March announcement still apply. We simply made it clear that the disclosure had not changed anything in terms of the contract, or the expected performance of the business beyond what had already been stated, and we reiterated that the Company still awaited news on which test to produce and subsequent news on actual purchase orders for these tests.
I believe the approach reflects the Company’s desire to be honest and clear with shareholders, to ensure that expectations on future performance are correct, and that investors are not mislead or deceived by false information or an incorrect interpretation of the Government disclosure.
Q2 Shareholders feel that the director sales were poorly timed as really positive tweets were communicated followed by a director sale, could we ask that as the majority of shares are owned by private investors to take into account what impact this could have and communicate reasons for sale i.e timebound etc.
Tweets and other social media posts are entirely coincidental to Director dealings, they were not co-ordinated and we are not able to control individual Directors actions. They did not sell shares in possession of inside knowledge and you’ll note that Colin King has not sold any shares.
Q3 As discussed with Sam can you please apologise to shareholders as this has cost us 15% off our share price and it continues to fall.
I don’t believe the Company needs to apologise for being honest and clear with investors and making sure people didn’t interpret the disclosure incorrectly. We appreciate that the Tesla comment has irritated a number of shareholders but it was only meant to be light-hearted, however we recognise the strength of people’s reaction to this and will bear this in mind for future communications.
Q4 Can you confirm the 18% margin mentioned in the contract is just for phase 1 pre production phase and is an amount on top of machine set up and upscale reimbursements as it is being used to devalue Omega and as this is factually incorrect I think you should address this.
That is just the margin for pre-production. Margins will naturally be higher but these have not been disclosed and Omega is not at liberty to disclose these.
Hi Guys
Q1 Can you please stop putting brakes on any potential share rise going forward? Maybe hire a social media manager?
No-one was trying to put the brakes on a potential share price only to prevent investors from incorrectly interpreting the recent Government disclosure. It was evident from posts on twitter and emails received from investors that there was a worrying misconception that the additional Government disclosure made on Friday had somehow confirmed a contract award of £374m (beyond what had already been previous disclosed in March) or that Omega had in some way had purchase orders for this value confirmed. That is not the case and the caveats that were stated in the 15 March announcement still apply. We simply made it clear that the disclosure had not changed anything in terms of the contract, or the expected performance of the business beyond what had already been stated, and we reiterated that the Company still awaited news on which test to produce and subsequent news on actual purchase orders for these tests.
I believe the approach reflects the Company’s desire to be honest and clear with shareholders, to ensure that expectations on future performance are correct, and that investors are not mislead or deceived by false information or an incorrect interpretation of the Government disclosure.
Q2 Shareholders feel that the director sales were poorly timed as really positive tweets were communicated followed by a director sale, could we ask that as the majority of shares are owned by private investors to take into account what impact this could have and communicate reasons for sale i.e timebound etc.
Tweets and other social media posts are entirely coincidental to Director dealings, they were not co-ordinated and we are not able to control individual Directors actions. They did not sell shares in possession of inside knowledge and you’ll note that Colin King has not sold any shares.
Q3 As discussed with Sam can you please apologise to shareholders as this has cost us 15% off our share price and it continues to fall.
I don’t believe the Company needs to apologise for being honest and clear with investors and making sure people didn’t interpret the disclosure incorrectly. We appreciate that the Tesla comment has irritated a number of shareholders but it was only meant to be light-hearted, however we recognise the strength of people’s reaction to this and will bear this in mind for future communications.
Q4 Can you confirm the 18% margin mentioned in the contract is just for phase 1 pre production phase and is an amount on top of machine set up and upscale reimbursements as it is being used to devalue Omega and as this is factually incorrect I think you should address this.
That is just the margin for pre-production. Margins will naturally be higher but these have not been disclosed and Omega is not at liberty to disclose these.
Q5 Can we please confirm via offic