Member Info for Atanasoff

Anthony

With respect, can I ask out of concern for you that you ask your carer to remove all sharp objects away from you? Mental decline is a tragic affliction.

For everyone else - the RNS in the first paragraph says:

"has received a summons for its subsidiary Omega Diagnostics in relation to an alleged historical breach of HSE regulations. The alleged offences relate to Omega South West, a company previously owned by Omega Diagnostics Limited and sold in 2018."

If you read my post on the subject you will see that the sale in June 2018 included the management and running of the lab for 12 months following sale. As it was the faculty closed before the end of 2018.

They arent there as a witness.

Some of you clearly have zero idea about the court system.

The summons to crown court doesn't mean the matters seriousness is "minimal". It isnt the end of the world but it cannot be dismissed. As I noted last night:

"a summons in of itself is, apart from the legal costs, is not in of itself too worrying. Various factors need to be considered,"

As then stated in a later post I expect a low fine and moderate expenses if found guilty.

HSE have a process of which a summons is a step in this circumstance - visit the site for the guidelines to help you understand a bit more rather than spout ill informed nonsense and conspiracy.

The main issue here is yet another incident that poses uncertainty and risk, will impact the results and is a distraction to the board when they need to be totally focused on Q4 sales performance.

Faye

It’s a toxic scumbag so it’s anyone’s guess. Desperate to pump so my guess is it is trying to trade out of its loss.

On the bright side - even if it ever got even it will still always be a friendless loser.

No one is going to jail. My guess is that IF this goes all the way it will result in a fine under £100K, possibly less than £50K. Costs awarded under £100K. Cost of defence? £100k?

The company was only making £300K on paper (excl centralised costs) and the time elapsed is significant.

The main issue here is yet another damocles sword after getting rid of one less than a week ago and yet more negativity around a company that has its most important trading period of the year.

To understand what may be going on with the summons we need to look back to when the alleged breach happened.

2018 was another loss making year. In fact Colin "couldn't motivate a chicken" King had been appointed and the great sell off of assets began. India. Gone. Germany. Gone. The 4 companies were combined (oops - that worked well).

Food Intolerance sales were £7.56 million. (just consider that - this year the forecast is between £8.8m and £10.5m. 7 years of near stagnation and counting).

Regulatory approval in the US and a reduction to just two partners hung heavy with promises to improve performance. For the Lolz I quote direct from the RNS:

"we are actively pursuing opportunities to target and add additional sales channels which we firmly believe have the potential to create significant value in the world's largest market for food sensitivity testing."

They've been cut and pasting this ever since.

Ironically the big hope in the trading statement was CD4. LOL. You can't make this up.

RIGHT - let's get to south west.

This was sold to Novacyt SA in June 2018. BUT what they havent said is that they would be operating the facility for 12 months from sale (28 Jun 2018 07:00) .

It gets worse. The unit was used for infectious diseases. Now, if they were dealing with a Containment Level (CL) 4 facility this could be messy. Investing.com states it is in relation to the "management of biological agents".

We know that ODX had a rather cavalier approach to management and governance. They failed to renew ISO certification and the factory became a complete shambles. Getting regulatory approval (or not getting it) has been instrumental in the failure of the DHSC contract in 2020. As I have stated time and time again the regulatory landscape is getting tougher (read more expensive) and this is only set to increase in key markets.

It wouldn't be a huge leap that they took the money and let things drift until the site closed. Or that they weren't in great shape before and the HSE have finally caught up due to something coming on the radar.

Who knows? We can only find certain information and at this point hypothesise.

One certainty - this is going to be a distraction for an under pressure board and it will cost the company even if the hearing (likely at crown court) comes to nothing.

Hi Captain

I was asked earlier why I follow this stock when I have no financial or commercial interest. Tonights RNS is EXACTLY why. It beats any book or TV show. I mean it is an utter car crash - just when you get a glimmer of things turning around you get a bolt from the blue like this.

I notice the green striped idiot has been busy. What's the latest excuse?

LOL LOL LOL.

Well I DID say the sell would drop back to around 3.5p - it looks like that will happen rather sooner than I was expecting.

Weird how the HSE summons comes so soon after the government walked away from £2.5 million of taxpayers money. This is likely a coincidence but it still amuses me. Plus it will mean more juicy legal fees for someone.

Time to track down the case as that should make interesting reading! I actually feel some sympathy for the board here and it is a huge distraction. But this is what happens.

Just as a bone to the idiots - a summons in of itself is, apart from the legal costs, is not in of itself too worrying. Various factors need to be considered, however HSE can be very aggressive so this will be an interesting one. Time to invest in popcorn.

Looks like you timed that well. Sorry for the loss you've experienced but sometimes it is better to just to close a chapter and either write off the money in your head or come up with a way to trade out of the loss on better shares.

Shls3834

I have explained why I am here countless times. I have a very active mind that doesn't enjoy trivialities. I have plenty of physical activity but I also have moments when I am procrastinating instead of tackling a particularly onerous or dull activity such as case file or contract prep or review. I have many Teams meetings that require presence but not much input. As a result I greatly enjoy distraction. AIM is perfect for this. It allows me to use my commercial acumen and love of analysis.

I dabbled in the markets during covid and did well apart from a couple of stocks. One was a cancer research company where I didnt do my normal due diligence (lost £35K which was annoying as that would have gone towards a new boat if it had paid off) and ODX where I lost a few grand of pocket money. I dont like losing money and thankfully I made some large wins to make a bit back (notably Menzies and a CPD company that went wild and I got out before the inevitable crash came.)

So I decided as a little hobby to fill those days when I cant be bothered or I need a distraction to stay awake during meetings (such as the one I am in at the moment) to create a list of dog shares. I am good at spotting bull and AIM is full of it.

I ended up with a list of 5 I thought were on borrowed time. I wanted to avoid exploration/gas/oil etc stocks because it is too obvious. So my list was diverse but interesting. I wouldn't short or buy the stock as that ruins the fun. I could also highlight those that didn't have a clue or were ramping. Consider it pro bono work for the public good.

Two have failed - Superdry and NNN. Both total dogs. AMGO is breathing its last. SYME is hilarious for all the wrong reasons and likely criminal in operation. Then we have CNSL. CNSL is the sort of business I would like to be in to kick into shape. It has potential but is like many SMBs in the UK.

So now you know. Not that it will have any bearing as you seem like the other others on here who claim to understand the company and its potential but instead just bleat at others or repeat utter tripe.

I will always engage with those that actually want to consider research (that isnt repeating RNS headlines) or discuss the commercial market more fully. (Did you know about the changes in legislation that will impact CNSL? Thought not).

Toodle pip.

No - I have no financial or commercial interest in this stock and me posting has zero impact on the share price. I have no wish to buy this stock either - far easier ways to make money.

It makes me objective and an impartial commentator. Unlike you.

Hmm - someone’s rattled that its pump has fizzled out. An idiot wouldn’t be consistently right on this stock or be in demand for the services I provide. That must be frustrating. As frustrating as knowing you’re plucking figures out of thin air to try and claw back your losses.

Not working that well is it?

Makes you wonder who the idiot actually is.

So far today only 4 trades. The slide on the sell price has happened as I said it would.

Volume down. Price down. The ramp is over because the RNS makes no difference to the underlying business issues.

I think sell was around 3.73 before the RNS. I believe we will see that again and trading may, without news, bump around the 3.5p to sell mark. That is based on my research. Do your own.

I am a bit surprised we haven’t seen a TR1 but this isn’t material.

Don’t say I didn’t warn you.

“4p I can see still positive hope go to 10p”

You’re either a troll or a fool. Which is it?

I know I'm wasting my time ! That's the whole point of being here !

He likely uses auto sync to pretend to himself he is better than he is. May even pre mix a set. Just one of life's losers whose only noteworthy accomplishment will come only if he has filled in a organ donor card.

“Alessandro Zamboni represented to the Company that he does not anticipate this Appointment will impact the time he commits to SYME Group “

Technically that could be a correct statement if he isn't spending any time committed to SYME.

Utterly shambolic.

Kiddies DJ

I find it amusing when the lower orders automatically assume their betters are narcissists. I am not.

As for the content - I realise that the closest you likely get to reading anything is the text on a scratch card or a "story" in a tabloid "newspaper" so having structure and form in posts is likely to be too challenging for you.

However, as I am invariably correct in my analysis it would be perhaps opportune to consider the content I so graciously provide. If some of you LtHs holders had listened to me you wouldn't have lost your money.

Toodle pip.

The topic of this thread is regarding the barrier at 4p that has been hard to break and in part to the Simply Wall Street notice . So here I give some points to the problem this stock has:

1) Fundamentally small cap shares are driven by sentiment rather than grounded in commercial realities, however, for investors they will want to see that the market is realistic. I have written a great deal on valuations of SMB and SME businesses. From my perspective CNSL is not worth the current market cap of £9.28 million. Talk of fantasy share pricing like 10p would result in a totally inflated MC that could not be justified by any metric. They are just numbers plucked out of the imagination of people either paid or those without the first clue.

2) As per the RNS of 10 Nov 2023 the warrants are now all cancelled. The other resolution that totally passed you idiots by (Resolution 5) expired in September, not through want of trying. However, the company is still seeking funding. You have to wonder why if they have a float of £5m. Perhaps that £5 million isn't all it seems. (which you would understand if you had a clue).

3) This will be another loss making year according to the Board of Directors. Revenue is likely to be a mere £8.8 according to the paid for Chartwell report. They also revised EBITDA down due to legal costs. I have provided the benchmarks to show a company in a growth cycle and why I believe to maintain the growth will be challenging.

4) Simply Wall Street issued a Risk notice for CNSL on Friday 17th January. In it they state CNSL is:

"...more volatile than 75% of British stocks, typically moving 9.8% a week....Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks."

So in summary - this loss making business has not shown that the fundamental issue of sales performance has been resolved,, its paid for broker has adjusted down expected figures for 2024/25, the lack of liquidity and volatility is a risk and question marks remain around funding.

Just so you know.

Shis

Yes a mighty buy at 4p totally just over £3. I’ve heard that the peasants can’t even get a bag of chips for that these days.

I’m getting live quotes at 3.86. The sells are flat lining around 3.7p

I’ve told you where the trading will be once those excitable souls have left again. Worth noting that the sell price has not moved much since the RNS. If your average is still 8/9p you may have recovered a bit of loss but unless you cashed out at the peak yesterday then you only have yourself to blame imo.

Can you join the dots yet?

Complete bull and if it was true would be insider trading.

Idiot

Sniffer

If you find a post on a small little share forum about a penny stock that has only managed to rise 0.04p (on sells) the "funniest thing of the day" I would strongly suggest that you reflect on your life choices because that sounds so desperately sad and lonely I'm actually feeling sorry for you.

Thought your Erskine avatar was banned.

Must hurt that my predictions were spot on again.