Member Info for Atanasoff

Hahaha

You would be buying a dead brand with no assets. The assets you invested in have all be shuffled to another company with no compensation or agreement.

Some would class that as theft. Here it is called AIM.

Forget the branding. They are changing it to screw you as an investor and other debt holders. They will still get paid of course and likely give themselves a nice big bonus for the all the money they have saved.

Sorry to all the LTHs who will lose everything. If you haven’t already then sell quickly and leave the remains to the day trade gamblers

Jedcmpit isn't that bright.

Learn to read.

Since the last RNS a glacial slow sell off has been happening. Not huge trades. Just people fed up. Realising that this isn't going to be recovering any time soon. A stock where the only holder of significance that has added is spread betting firm.

# Trades 11

Vol. Sold 241,077

Sold Value £6.08k

Vol. Bought 18,911

Todays list of things that didn't happen:

"This is a massive discount.. just bought £8000 more"

Anyone buying - of which some seem to be doing are mugs.

As usual the shareholders are left holding the baby. Sorry to all still holding. This has been a P&D since it filed so hope all LTHs got out and only traders are left.

The week has closed with the sell off continuing. Higher number of trades to days as long suffering holders have had enough and accepted the losses they have suffered.

Trades 8

Vol. Sold 587,783

Sold Value £15.10k

Vol. Bought 132,760

Bought Value £3.66k

PE Ratio -0.427419

Earnings -6.20

Dividend 0.00

Yield 0.00%

Spread makes buying insane and any bad news will lead to the usual story for low liquidity stocks being played out.

Thanks - by ignoring the green stripe trolling this board can be better. Plus by the number of green stripes it is driving them mad that no one is engaging it).

Just a little bombshell that I’ve only mentioned in passing:

The signalled intent was to market in the US. As part of the £10million raise this was stated as one of the objectives.

Does Footprint have HIPAA compliance?

You can have the best sales team in the world but unless it’s compliant it is for nothing.

Ask me how long achieving compliance takes.

We don't know about sales but we can look at the track record of failure in the accounts. It has been very up and down since 2017, but mainly down. You will note that most of the growth came from a Chinese client that took a big order (but was never heard of again).

As I posted some months ago you have to be able to do some basic math. Unlike gut microbiome tests IgG antibody tests are pretty basic. You have two types - in field and lab based. We know the margins being made on these tests and to make it really easy we can go for a 55% GM per test. That is obviously WS price and we can assume that dependant on service provider they will want a 20-40% margin themselves. We also know roughly the cash burn in ODX.

Now, here is the basic math. If we stick with the premise that sales is vanity, profit is reality we simply work out

ODX Costs per annum / Product nett GM per unit = Number of units to break even.

I challenged those invested at the time to give me some numbers. It takes less than 5 minutes. I was met with spamming and insults by the usual suspects but no answers.

What the answer gives is the challenge ODX has. Fundamentally it is a simple question:

Is the demand for ODXs 3 products sufficient to be able to generate enough margin to cover costs and then make a profit while taking into account likely/realistic market share?

Not much else matters and if those that hold this stock did this basic math and a little bit of research they would likely decide to cut losses and sell in my view.

They need to break America bigly and they need more products in the portfolio. This is a huge ask for a company that was within a quarter of bankruptcy less than 12 months ago. It would need a very skilled and motivated board to do this. I see no evidence they are either.

Re USa:

2020:

Our strategy to address the US market has suffered a setback following one of our partners running into financial difficulties and we have now terminated its distribution agreement. As a result of this, we are now assessing different options to grow our revenues in this key market and expect to commence implementing this revised strategy towards the end of calendar year 2020.

2019:

We are also exploring how best to grow the US market, in light of and in full compliance with any regulatory requirements there.

2018:

Our US strategy was delayed because of a key partner's internal difficulties and, along with increased competition in our mature markets, resulted in a 6% decline on the prior year. We believe that this was a short-term issue and expect to return to the growth in our Food intolerance business that we have previously enjoyed. This will be driven primarily in the US as we work with our strategic partners to capitalise on the significant market opportunity. In addition, we are looking at a digital strategy to provide a better level of service for the end consumer.

The above excludes the announcements in the various raises/dilutions they have had to have over the years to stay afloat. Some of these mentioned specifically the US market development.

They know why they haven't broken the US.

Now that the Crown Jewels of ODX's portfolio have been sold off it is worth wondering what is left. If you're a shareholder and still don't know then more fool you. However, here is some help to show why ODX are in so much trouble strategically.

The gut microbiome is the new frontier for health and wellbeing science. It is still largely an undiscovered area of science. Books like Food for Life by Professor of genetic epidemiology genetic, Tim Spector, are highlighting the correlation between food, gut health and disease. Meanwhile Henry Dimbleby and many others are demonstrating how this all links in with Ultra Processed Foods (UPFs).

To understand the gut you have to test. Testing is not absolute. It is still early days but by taking a stool sample you can get a good view of the gut microbiome and based on studies from the last decade make some educated guesses.

These tests are not perfect but they are accepted as credible in an emerging field. As such research money is pouring in and the science is being developed.

Here is a really basic starter that shows test outcomes and gives a basic intro to the gut microbiome:

https://joinzoe.com/whitepapers/gut-microbiome

All this sounds great news to the casual observer of ODX. But actually it should be sending massive red flags. Why? Because ODX don't do gut microbiome testing.

This may come as a surprise to holders that gambled on a stock they didn't do any research on.

ODX sold off the jewels in its crown and is busy burning that cash. It is left with the health and nutrition division which has a 3 core tests in its portfolio. The main one being "FoodPrint". This is a IgG antibodies test. NOT a gut test. It is a basic blood test.

IgG antibody tests are not credible scientifically and have been around for years. To repeat, food-specific immunoglobulin G (IgG) testing is not a recognised diagnostic tool for food allergy. Ref:

https://www.aaaai.org/tools-for-the-public/conditions-library/allergies/igg-food-test

By understanding first what a company does will help in the appraisal of the companies strategic objectives and how these align with markets.

TL/DR ODX don't have anything to do with the biggest development in health and wellbeing science and instead flog tests that lack scientific credibility.

No news on consultants

No news on government contract repayment (although holders will be aware of the accounts committee report last week)

No news on US sales strategy developments

All that is certain is the cash burn continues......

"Apologies 9p for non traders"

Traders know that 0.9 is not a denomination. In accounting it would indicate 90p. In trading it would be below a penny.

The current price is 2.5p from a traders perspective. Expressed in accounting terms 0.025p

Either way you're wrong and I doubt why anyone would want to give you their contact details unless they are as stupid as you appear to be.

It hasn’t been 0.9 so that’s rubbish

What average do you have sniffer?

4 green stripes since posting. Lovely. Very relaxing. Like most lunatics they can scream all they want but they only get power if they are heard.

I made the fatal mistake of unblocking the culprit for this board being total trash. That was a mistake.

If all block it then it can continue to spout nonsense as nothing else seems to be going on it’s pointless life. For each green stripe one of us posts the facts on the company. Because we will only see a green stripe then the response won’t be to the victim posing/ horse racing tips etc - just the fact that this company is a car crash and is slowly running out of money.

Obv up to you but the green stripe is coming back and unlike a certain liar I actually mean it

Another day of slow sell off.

Usu suspects bickering like children .

Carry on

"I didn't mention Atan - YOU add nothing except FUD. "

You spelt facts, reason and logic incorrectly. I would LOVE to see something positive but I'm not a dribbling idiot. Perhaps you can explain how that feels like.

Pot kettle black.

You hypocrite . I’ve never seen you make a constructive post