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One other point. If they really are interested I'm focusing returns. Then
Offer their new manufacturing to anyone who wants to produce tests which they could manufacture. Don't fully dally first come first served inmo. Ethics has gone out of the window with this one now. If you cant trust lth and so called advisors then well. This is just another investment one that really does need to produce sales in the short term . Especially now that the majority of shareholders are small holders
I think your missing the points being raised . For me it is now the complete lack of trust emerging from lth. In terms of pr and financial advice they could not have handled any positive news more badly inmv. It is if this has been designed by advisors and the largest holders to depress the share price as much as they could. Maybe there is a tax reason but this is rapidly becoming one for the fca to look at imo. Something is not right here inmho.it wasn't right when the price was manipulated for years at 13 p. Only to have a select placing at 10p.
One comment ref new shares, I thought as of 8 am this morning they went into circulation?? I certainly have mine tradable in the account.
So today’s loss in % change also had several million more shares in the pot.
In regards Richard sneller, he’s entitled to sell whenever he wants as that’s his right as a shareholder, he’s done well, leveraging gains against investment no different to everyone else so when done suggest after they have sold I would buy as Richards selling!! Well maybe he’s just doing the same as everyone else, he wants to slice some profit which makes perfect sense.
I wrote yesterday that no one truly knows the next six months, UV levels will change, temp, lockdown lessens leading to ???? All sorts can happen and whilst vaccine possible it will take months with quick trials.
The ceo will look for as much value as he can, he can’t magic tests, he can’t magic orders before tests and you know if Covid is gone by sept then to bad, we missed it like nearly every other business.
Diagnostic businesses are more on the map, capacity on site won’t be a problem for years, developing relationship with mologic which may go way beyond Covid and distribution working hard to sell.
People will sell just of their expectations which is high and their choice. Your either playing short, medium, long term
Ironically if you leave for other stocks, Covid does re emerge, exchAnges crash as unemployment come through, Covid stocks may jump and your new investment dive! Get this wrong and potentially long term implications, not just what your in but what will you go into?
unvrkw
The story still fits well for me apart from the timing of sales from larger lth holders. This needs answering inmv. Very bad timing for ever reason . This is what is now tarnishing the company inmv. Its a shame, but how can this be answered. A bulletin board will not provide the answer unfortunately.
As for results. Noe one in their right mind should be expecting anything good with them. They have already given a trading update prior to this. just hope the spivvos don't mark this down too much, Good buying opportunity if they do. so long as more charitable donations doesn't follow. As I said previously anything that goes to charity to charitable is honourable and ethical, but maybe think of timing. i.e. Get the largest fundraise the company has ever seen out of he way and results. just a thought. overwise ask the company to see if anyone would like to purchase the shares off market. That way everyone benefits
The reason why they raised £11 million was firstly they got advised and told they could which has been seen to be true, when placing try and do infrequently and as larger chunks as possible, within reason whatever you do it ****es investors off so keep it quick and get through it.
So they raised the money, some said wait for orders and use profits however we all know there is a lag between test development and manufacturing so buy kit now, install, increase capacity and he ready. As people comment we have or will miss the boat, this assured both with Covid and / or other business focus they are ready and capable to get going when necessary.
PR never meets people’s needs, most invested in the way up so want at least double which from 30p as an example is far higher, original investors are more around 13 p so doing ok,
I think the update from bomber was good last week. Current sp is justified by cd4 alone, add Covid, allergen, other POC, food intolerance then Odx has a good future. I can see Odx pumping out many millions of different tests annually, good profits, good development and an improving and growing divi 2022.
Results for last year tomorrow, presentation live on Wednesday afternoon and many hoping for future insight rather per say than talking last year which is understandable.
Results due tomorrow?
unvrkw
I cant speak for anyone else, but my views have nothing to do with the ceo and his team. Its to do with the shinanagins re fund raise/inside advisors and lth investors turning negative. Im afraid pr and sentiment is an extremley large part of omega now. Especialy as lth investors have in a large scale and in large volume left . for whatever reason.
When i sold 20 percent of my holding at 6/7 when covid first hit. i was slaited and recieved some vile abuse from so called lth investors. i even bothered to e-mail via bb and posted on this board why i did. only to see a couple of weeks later news hit.
This for me stinks. Why didnt the bod raise less funds if orders are about to materialise. 2.7 miion for a future project. come on .
Im sorry , but it really does come across that institutions do not have faith in the current fund raise. fwiw i took mine up
It is now coming across that they are now relying on new investors to support them for the next couple of years. new guard replaces old etc. Being a fairly lth it is STILL not coming across very good inmo.They need to come up with something especially in terms of institutional . otherwise i will almost certainly be the next one to move on. I certaintanly will not be bothering to explain my actions as to why.
Listening to the non invested group on here seems like Colin and odx have a job on their hands tomorrow to turn last years results and the future into something so spectacular that by 930 it's hit £1.12 or otherwise what a **** job they've done.
I'm not sure what more Colin can put around the results bar explain them a bit more clearly as many still post we actually lost over £8 million and no wonder the so dropped.
Progress on tests? Good stuff but many don't give a **** about actual tests anymore as there all too late
Then there's magical pr. make sure everything is said in the most positive, profit making angle possible and in fact yes over promise on the day, get the sp up for me and who cares about actually running a business and what you need to say later.
I mean tomorrow I'm sure Colin and his reports will be a well oiled machine, he should claim I would suggest potential 10 million tests to India by xmas even if the deals not signed? I mean like government promise anything, don't worry about later you can blame others.
It will Drop 20% because last years profits are still the same as when they last announced and they haven't found a magical way to change, goes on and on and on.
Invest, understand the risk, accept, thank you very much. Don't invest, no problem, thank you very much. An emotional roller coaster designed to take your money, allow you to feel worried 99% of the time and lucky just that 1% of the time when things just seem to go straight up.
Pretty chilled, sold some, awaiting updates, long way to go, virus here at xmas no doubt and there obviously aren't many vulnerable people on here who whilst the infection rate is low question every time they go out, who to see, how many, from where and what might happen who need and want testing everywhere until safe as getting the virus suggests a very high chance they might die.
Have a thought for those people when suggesting and believing it's gone.