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"I think Colin genuinely thought he had his strategy right, he took flak for not ramping up the £374M contract, "
No one asked him to ramp the rns. however if you can't deliver great news that everyone had been waiting months for in a non negative way then it questions competence in looking after shareholders interests. Sorry but the price is where it is solely because of him.
I think Colin genuinely thought he had his strategy right, he took flak for not ramping up the £374M contract, he duly goes the other way once he thinks the Mologic TT is complete and his PR go to town resulting with
#inColinwetrust, the Omega team truly believed they had cracked it.
However the variants/ coupled with Mologic partnering with Avacta to produce a reputed 100% accurate test resulted in events outside Colin’s control.
It does look like the standalone Mologic test is not coming to the market but we will be manufacturing a test with the Mologic/ Avacta biotech for the Government - if it’s as good as claimed.
It will come through for ODX in the end but realistically we have a wait now for maybe 12 weeks including TT before we can generate any income from an Antigen LFT assuming we get confirmation from the Government in the next couple of weeks.
@Vascular, @NelsontheDog et all
Anyone who feels they are being left in the dark should actively communicate that to the company, for what it will be worth !
I agree with Nelsonthedog.
There was time when i thought i knew what the plan was for ODX, step by step so ODX could start selling one or other of its covid tests. I am now more confused than ever! Are the sands behind the scenes shifting and timelines changing without PIs knowing, or are they still the same as before.
The 2 m per week production at end of month or early May is probably a given but who's tests are we manufacturing and who are we selling ? often discussed yet still not confirmed. If we have to wait for another 8-12 weeks for yet another test to be TT and CEd etc, i think ill bail and wait on the side lines. Its now end of April 21 there needs to some update on the vision and opportunity, if only to confirm to investors like me what the state of play is at this often quoted significant date in the company calendar. Its called an update.
"Oh! Because the govt haven't decided yet then don't expect them to be doing 2m by next week. Doh!!"
No, but when they wanted a good price for a crony selloff, they were quite happy to put news out on twitter that they would deliver 2M test a week, when it was clear they had no chance of doing so, now people are seeing that for just what it was a blatant ramp of the SP and nothing more.
This bb is more like an agony aunt's page. The knicker wetting daily is hilarious!! Supposed investors needing their hands held every day. Get a grip will you. Oh! Because the govt haven't decided yet then don't expect them to be doing 2m by next week. Doh!!
Reflective reflection - laughing at my own poor word smithing. Hopefully you get the gist anyhow.
Nelson, correct me if I am wrong but isn't TT a given where CE is granted, which is the case here I believe.
I suspect newsflow is impacted by the Government not yet apparently having settled on LF Test of choice, or has it? Certainly 200 plus employees are doing something.
The dam will burst and we will have torrents of news but I agree hurry up ODX where you can.
So frustrating currently.
Fourfigures
I am not disgusted - that’s a strong emotion. I am disappointed - a more reflective reflection as befits a passive investor. The bod hasn’t done anything to invoke extreme emotion and there isn’t a problem we know of to be disgusted by. I am just reflecting that I genuinely have no idea what they are doing. That isn’t the normal state of play as an investor.
Please don’t try and superheat my comments to continue the undertone of urgency that often prevails on this board - it isn’t helpful in gaining others views, which is after all what we hope for from a bb.
Gla
NtD
Nelsonthedog i agree with your sentiments ... i also hold Genedrive and Hemogenyx and find their updates are awful as well and therefore every relies on Tweets which are generally from rampers or derampers. When something then doesnt happen the next day, the price goes down. This has been happening with ODX as well for a long time and I agree that all it needs is an update every month to allay the negativity and keep the investment into ODX flowing
Spot on Nelson!
If your so upset , depressed and anxious about colin and the whole ODX company , then why are you here? why are you telling us all your depressing opinions?
haha i dont understand half the comments on here.
Buy it because you see growth in the future.
Sell it if you see no growth in the future.
Absolutely pointless coming on here and crying to us all about how upset you are. We aint your mother to comfort you. Man up and make a decision but guess what? Dont fuking tell us cos we really dont give 2 fuks hahaha. Boring ass comments . Back to normal life for me . peace out
I have held Odx for about a year and there is so much view on this bb that I rarely feel need to add. However I must say I am disappointed in the comms now. We know from tweets that we have 200 employees and they are busy. But that’s it. TT is overdue by our guesses timeline and personally I would like an update on both of these.
I still feel there could be plenty of upside given the macro scenario and hence still here but I will continue to derisk at first targets as I feel they are abusing my trust with this continual silence.
I have invested for 20 years and I have never had less idea of what the underlying status and progress of a company might be. Don’t react by calling me a deramper, but rather go through your own investments past and present - have you ever had less idea as to what is going on?
In summary greed keeps me holding on but I am beginning to consider how much it would hurt to take the drop to firmer ground. Prob end may will see me leave if no further progress.
FFB - Why you on here! You can sell if indeed you are invested. But you are clearly very unhappy. SO you are convinced this is a rubbish stock SO LEAVE! Bye :).
sentinel85uk
"Listening to comments on this board is as useful as a chocolate teapot )"
Or an ejector seat in a helicopter.
Listening to comments on this board is as useful as a chocolate teapot )
Everyone has a opinion but literally no one has any facts haha.
I see no RNS today so im off. No reason to listen to girls fighting in a playground.
The TT & Sovereign test RNS will come as will all the other announcements relating to Visitect. I’m sure CK & all his hundreds of new employees & all their new Covid wartime machinery aren’t sat idle waiting.
I can just imagine them all with their ear defenders on, I reckon them machines will be deafening in overdrive.
I’m sure the engineers will make sure theyre kept in good order for them to run at full capacity!!!
"knows he needs to deliver"
I'm glad i am not relying on him to deliver my morning newspaper, if i was, i'd just be reading about something new called Covid coming out of china.
And Cadburys was sold to the Americans!
I did feel that way but I believe he is too busy with Commercial launch of antigen test and TT completion as he knows he's up against it he only has a week and knows he needs to deliver.
"Omega will be like Cadbury’s!!!"
Chocolate Teapots spring to mind !
If you compare the covid testing industry to the chocolate industry, Omega will be like Cadbury’s!!!
and you know the UK can’t keep themselves from buying Cadbury’s daily!!!!
"We are almost ready to ship 2m per week"
I thought we were delivering 2M test a week in April?
"MEGA MANUFACTURING COVID WARTIME GIANTS "
That takes the all time biscuit !
Their antigen LFT is in R&D => not ready, in research and development. Just shows the demand is there.
We are almost ready to ship 2m per week, we are way ahead.