Member Info for Atanasoff

If anyone is in any doubt about this stock then today's trades speak volumes. A CFO leaving suddenly is a "bad thing". Normally that would mean that you get a higher volume of trade with sentiment either in favour (when the CFO has been poor) or more commonly negative because what it typically signals (see below).

Today at time of posting we have had just 7 trades. - Less than £5K in total. This stock has ground to a halt. On a day like today this SHOULD petrify anyone hold a large volume of shares. It means that the markets are not interested. Only buys are those averaging down (again). We may have a couple of small bets but look at the volume of the trades - these are punts at best.

We have zero II involved which brings another problem as you have the vast majority of stock held by small investors and that often can bring volatility when things turn nasty.

It is a distinct possibility that those with large holdings would currently be unable to sell - they would likely have to sell small batches - which in a fire sale is not always possible.

Today may mark the beginning of the end. If you're reading this and not a nutter then please do your own research, think things through, check the trends. Don't be left holding the baby.

Chris hasn’t been with ODX that long and he seemed someone who was credible. I have posted many times that (before the bonus debacle) I strongly supported him and he was a real benefit to what was a rather small circle of people that had worked together for too long (at c suite level this is never a good thing).

The issue here is two fold -

They now don’t have a CFO - this is bad for governance and has obvious issues for strategic decision making (in other words it is wreckless to make any capex until someone is appointed).

BUT the second issue is much bigger

He is gone immediately. That means he has likely fallen out with the board. Anyone in this position would have a 6 month notice period. This isn’t a shelf stacker. So why the immediate walk out? One thing is sure - simon is lying in this RNS. If that were the reason you would go through an unwinding exercise.

This is dreadful for ODX. Cannot be dressed up. It is yet another thing to tackle when they have a monumental number of issues ahead.

As I have said - the strategy is right but I am not sure they have the resource, time or skill to implement it. Today’s RNS would support this.

Someone doesn't understand FUD.

It isn't me.

Try harder sweet cheeks.

Wow - you lot have been busier than the sales office at ODX today.

As for todays record - Ive had bottles of wine more expensive than the volume traded today

Still can't believe the bonuses they paid themselves. Just staggering and deceptive to blame the additional loss t shareholders as abortive relocation costs. If they pay that themselves again then the money will soon go.

I'm going to bet that the 6mth trading update puts them under £3.5million in the bank. It wouldn't surprise me to have only just scrape 3.. Anything below that would be a disaster.

TBF to Jag - I doubt many c suite get out of bed for £500 because what would be the point? But then Jag isn't C suite material.

This is a good appointment, She brings experience and depth to the board. This is badly needed and will improve governance.

Credit where credit is due.

You okay hun?

That one was kept under the radar wasn't it? So it would have been the £2.5 million loss if they hadn't given themselves bonuses for failure. Dressed up as writing off the relocation aborted attempt (well done guys).

If I was down 90% + that would make me angry. As it is it just confirms everything most of us think about Jag and the board.

Colin was many things but he did seem to care at least. Just an average MD in an average little company.

You are right Jag and crew should have spent £20K. The fact they didn't speaks volumes. Remember - in the presentation they confirmed they didn't think any warrants would be exercised. That means they don't see this going above 4p this year.

As they cant turn a profit and have a EBITDA that would embarrass most business owners it seems they have chosen the "suck the business dry" approach. This has NNN written all over it.

Trebles all round.

Wonder if the green stripe non entity still thinks this is a winner?

Captain Stanley

Thanks for your honesty. I sold around those levels after losing a chunk. Follow up - and I know this is painful - have you accepted that you will never see that?

My claim was that the very few buys that drip in were from those deep underwater and "topping up" or "averaging down" (whatever way you want to spin it). No one looking objectively at this stock would buy unless they fancy a gamble.

We have had HawaiifiveO own up and he has been joined by djframboise.

This is...interesting. Any other lurkers to these boards want to own up? Things I am interested in genuinely:

1) What do you need the price to be to break even?

2) What has given you confidence that "this time it is different" ?

3) Why now, knowing that issues are continuing and they will not be profitable, according to the board, until at least 2025.?

As mentioned - I think the new strategy is likely the right route. I am less than convinced they have the time, resource or ability to deliver, especially with the way things are looking for 2024.

If you've been the one adding that is hilarious.

At least we know why a big buy came in yesterday. £8k is reasonable for a small cap company. Shame it wasn't a show of faith by all the board but you can't get everything.

Captain

I am not sure how they could do that. You could have some share consoladation and then a dilution but after the last fiasco I am not sure they would succeed - forget how much they tried to raise but it failed. Funding through normal channels is a no go - they couldn't even get an overdraft facility.

I am going for a flip of a coin - The next trading statement will be crucial. By March 31st unless they have made significant inroads on sales and cost controls it will be over all but for the scraps. We will see but form doesn't look good currently.

Freddie

Sorry for the loss. The event around that time were scandalous and "that" tweet still sticks in the craw. However, forget any "justice". It always happens that a group of investors will try and get together to launch an action before realising it is a waste of time and effort.

I believe that in RNS and forward looking statements the board made false and misleading statements. I have even posted clues about these on here before someone in angry denial that she has lost so much money had them taken down. Can't be bothered to do it again but it doesn't take a genius to find someone motivated enough could get together a case. The problem is that action costs a large amount of money for an uncertain outcome.

AMGO, NNN etc etc - the LSE is full of casualties. Very few make it. My losses are put down to hard lessons learnt.

This may recover in the future. We will know around the end of the year what direction it will take. It will either get a grip and against the last 5 years of form start to realise its strategy. Or sales will be down again and the continued cash burn will have continued towards ultimate demise. The next 18 months are literally the last throw of the dice on this one.

Boris Homes twitter profile has been deleted with just a placeholder saying it has been shut down.

Ominous.

DJF

No. LOL. It didn't did it? As I posted previously low liquidity can do that - and when you have a sucker spending £500 ish more on a stock than someone else did for much lower volume a couple of hours previously, on a stock that isn't doing anything but being sold off I can only assume they're idiots. Their money I guess and one born every minute.

Means those selling get an extra 0.002p based on revised pricing - no wonder 100,000 were dumped soon after.

Rest of the post is valid. No Institutional investors. All PIs with gambles that don't meet the notification criteria. Not good. Not good at all. No wonder the board each have less than 1% in the company (even after being given shares).

No one is buying at 2.7p. The VERY few buyers are paying 2.5p ish. Most, as I report are reluctant sells trickling out. They are currently getting 2.35p - that is unlikely to last.

Always happens when near zero liquidity.

Those buying would need a 27% rise in the price to recover from the instant loss they would hold. This is huge - good job such small volumes are being traded so it doesnt really matter to most. I can only imagine the very few buys are from people averaging down. This has further to fall imo so I hope it isn't any new suckers.

I spotted a shocking thing today - they have no institutional investors. None. Those that have declared (Spreadex, HL etc) are ALL just brokers.

This means this stock is an almost all PI stock - that is incredible and not in a good way.

Slight correction - I said it is in better shape that ODX and therefore you may want to compare the two and see if the market cap of ODX is justifiable as a result.

MHC like most covid stocks has a number of big challenges and is vulnerable as it is mainly a retail offer.

(PS - If volume is up and this includes significant buys I will of course post as it is interesting. However, currently if you buy today you need a 25% recovery to break even before trading cost. That would push it beyond 3p, of which, based on my analysis of the accounts their would be zero reason for except speculative gambling.)

Think you will notice that I have said the strategy announced is actually a good one. My doubts are on the ability to deliver in time.

No taxable profit forecast until 2025(as announced in the FY22 results RNS) and the board being certain that no warrants would be exercised (nov deadline as per the shareholders presentation last week) would indicate that you have more confidence in the potential share price than the board.

It's as though you didn't do the research and now deep under water and are clinging to any little thing that hints at you getting some of your money back.

It may - come back in 2025 and it will either be bust or the mkt cap will have risen.

Without raining on your parade too much:

1) The consultants would have got them through the ISO accreditation. The fact they had no QMS standard before is utterly terrifying. I had just assumed they did.

2) They aren't showing on UKAS. As you will likely know ISO certificates can be issued by a number of certification bodies. For example BSI are UKAS accredited as a CB. UKAS is the gold standard as the audits are of a good quality. At the other end you have QMS and others. These are typically tick box exercises where documentation is typically poor (templated) and the auditing not as robust. Omega aren't showing up on the UKAS directory as yet (although sometimes you get a delay)

3) As for MDSAP - again this is concerning. Just like during Covid they didn't get the paperwork right for the test (see previous RNS's) thereby delaying submissions the MDSAP is 101. Why didn't they have this? Don't they know the law on medical devices? No wonder they haven't sold much in the US. This is simply appalling and shows that they simply don't know basics. I dread to think what this app is like - let's hope it was done with due diligence and was security tested rather than winging it which seems to be policy.

If you're impressed by this news I can understand why you're badly down on this stock. Doesn't anyone do research these days?

Seems the secret is out - to top up my six figure salary I get paid 10p to make a post.

I can understand how some people get suckered into forming stupid ideas (37% of the Uk voted for Brexit after all). But what never ceases to amaze me is they suspend all logic - if they have any - to jump into a belief before doing any cursory thought about the likelihood. The other funny thing is they always always do it based on their own life experience and values. It is a huge giveaway as to whom is behind the keyboard. In most of the “rampers” case here they don’t seem that bright or well off.

Record day btw - not enough traded for even a decent meal for two.

Them's the facts. So why the price rise? It's an illusion to try and get clueless mugs in. A spread of 22% means instant loss that based on the evidence won't be recovered any time soon.

Remember folks - EBITDA matters. As per RNS no taxable profit until 2025. No wonder the sell off continues - albeit slowly.

# Trades 10

Vol. Sold 101,438

Sold Value £2.42k

Vol. Bought 38,860

Bought Value £N/A