The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I see no contradiction. A test will be required - the buyer gets to pick - only fair as they will be paying. We are ready, HMG already shown their hand by helping to fund our development and naming us as one of the 3. We will sell all that we can produce and Okehurst is right with LFT’s in the news every day it will not be long now.
You are on fire tonight Twatcher. I think you you may be right. Why would they pick a test if ODX are already manufacturing it. Explains the delay in talks. Who'd of thunk the great TW turns into a positive soul?
Strategy does not explain why Odx has consistently (until July 13th) told shareholders that” Once a suitable test has been approved the DHSC will license the test for Omega“ and they were“still waiting for confirmation on which test it will be required to manufacture.”
Both statement are unequivocal in saying that it’s a matter of when the gov pick a test, not if.
The truth , assuming the foi response is accurate ,is that the government has no commitment to select a test for Odx to manufacture.
And noticeable that Odx has stopped telling shareholders that they are waiting for HMG to pick a test. Why the change of message when the terms of the contract have not changed. Did Odx misunderstand the government commitments ?
Colin has explained that his strategy, it’s pretty clear.
We should know this week / next , serious rerate upwards if we succeed
Think most of us know the risk / reward here
Like one of the reply’s says, Been saying that for months.
Only conjecture from Twitter.
No firm info on developments.
Be on to next pandemics by way this is moving
https://twitter.com/tom_the_bomb__/status/1442918307925872644?s=10
Question 218 as above
Response is quite clear from Omega re their strategy
We must be close to hear one way or another, taking the view Phase 3/ 3a Porton should be near / or complete
Ditto the fact Q218 is quite clear Omega should inform us
of the outcome.
Old news,once again over-dramatised,.but thanks again for your ongoing concern for OUR investments.
Certainly interesting, perhaps we should all read the AVCT board in addition to this one although I don’t think I personally have the stomach for it, perhaps those invested in both will keep us abreast. In relation to the information obtained I struggle to find anything that we did not know. Most of us read the contract at the time it was published and debated the facts that it was potentially for a total of £345m but that it might not actually be taken up and could be cancelled at any time. Many of us felt that this was a very loose arrangement but we were hardly in a position to demand anything else. It does not however change the fact that we are one of the 3 companies that have been identified as the intended recipients of the LFT contracts when they do materialise. We know that for a time ODX we’re waiting for DHSC/HMG to identify a product to manufacture and we believe that we, at their instigation, have been cassetting for SureScreen and our own product is well advanced in achieving home use approval here and in Europe together with professional use in the USA. As we are invested we believe that there is a need for high quality LFT and we believe we are best placed to manufacture them. Nothing has changed we will sell all that we can produce. Hold hard and don’t get blindsided after waiting soo long.
Well, now we know why ODX omitted the "Omega is still waiting for confirmation on which test it will be required to manufacture", wording from the full year results, wording of such like that previously had been commonplace, and I noted had been dropped.
Following is an 8th sept reply to a freedom of information request
"The contracts with both Global Access Diagnostics and Omega Diagnostics do not contain any
commitment to volume or value and in addition THERE IS NO COMMITMENT FROM HMG TO FIND A TEST FOR THESE 2 COMPANIES. The contracts in place are flexible, with the ability to purchase tests on a
month-by-month basis. Also, these contracts contain clauses to allow us to exit at short notice if
required. DHSC does not comment on any payments made to the companies; this is commercial
in confidence."
(my capitalisation).
So DHSC is under no obligation to find or select a test for ODX.
https://www.whatdotheyknow.com/request/782164/response/1871668/attach/3/1355046.pdf
Now many of the so called real investors here have made no secret of the fact that they also frequent the AVCT board. So I'm guessing I'm not the only one to be shocked that this 13 sept posting on the AVCT forum containing news highly relevant to ODX, never got so much as a mention on this board.
Wonder why that was, clearly if they thought it was great news, some happy clapper would have splashed it over here.
So whilst we were informed for months that ODX was waiting to be told by DHSC which test to make, the DHSC was never under any commitment to tell them which test to make !
I'll leave the usual suspects to the usual name calling and diversionary tactics.