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cl81227 - Can't argue with your post. The issue surrounding social media, Twitter being the choice for most is that a lot of companies feel they are under pressure to inform investors, nothing sensitive, just re-hashed info to keep the PI's from not selling out. For months and months a lot of investors wanted tweets, wanted news, rather than just waiting for the official channel, the RNS - This is the result, Omega using Twitter and not fully understanding the impact, positive or negative.
Who gave the green light for a Friday night tweet needs to have their head wobbled, stuck in a bucket of water, with a apple inserted into the mouth, and kicked up the arse by all PI's. Elon Musk can move a market, is that the reference to Tesla, someone trying to be clever and link themselves to EM, why mention Tesla out of all the blo-doy cars on the market!
#cl81227. The Tesla tweet is unsolicited it was a wink wink nudge nudge to the shorters. Thanks for your excellent write up
Vgla
First post as an investor who has been in for 10 months, so class myself as an LTH.
I'm taking to post because I'm not happy about what went on yesterday and the company's seaming obsession with twitter.
Let me start by saying in a company that is in such a boring run of the mill manufacturing business, making diagnostic tests, not attempting to make diamonds from charcoal or similar, I cannot believe the number of nut jobs this share attracts, WHY. ?, its beyond me.
Anyway lets disect what went on yesterday and what I thought began on the two days before, when ODX started to tweet numerous positive messages, including big things about to happen, videos of LFT's coming off the production line and boxes of shrink wrapped stock all sending out a positive message that big things are coming.
The problem I have with this, is that this gets seized on throughout social media and gets re tweeted with the add on that owners add their own positive slants, and as we saw by yesterday afternoon this had got out of hand and a feeding frenzy had ensued, accompanied by most part of the day by a SP rise. Sell off towards the close and ended pretty much flat. I'm old fashioned if companys have good news it should be announced to the market in the traditional way, what is this fixation with social media. Then as we all know, we get a comms via twitter just before 10, which could be interpreted in all manner of ways, as some have tried to argue since.
But I will tell you something for a fact, the MM's who thrive on volatility, will interpret the Tesla tweet as a car crash, and in the absence of any more substantial updates between now and Monday open, its heading south. And that's not the first time in 10 months we have seen two steps forward and one step back.
Please ODX concentrate on the job in hand, there really is a good story waiting to happen, you don't need to be engaging in these social media campaigns particularly late on a Friday night. You only have to look at the massive number of posts that have appeared since, to realise that was an absolute PR disaster. If the SP loses 20 % on Monday morning as a consequence of this, you cannot deny this wasn't market sensitive information which was issued at 10 pm on a Friday night. That Tesla reference was completely uncalled for and has been seized on by day traders and shorters and the usual trolls. Please ODX concentrate on the job in hand, and when you have genuine substantiated good news release it to the market in the conventional way. Rant over.