Member Info for Atanasoff

ODX has been here before. Not sure how it will turn out this time.

Be careful everyone.

Pump or dump or leak? Who knows. Whatever the case congratulations to all holders (apart from the two who spam this board).

Could be interesting in the morning. If RNS drops a call to the FSA may be in order.

So many green stripes - the non entities are working overtime tonight.

People clearly can’t read. Or they don’t understand. Or they don’t want to admit they understand because it would show the spam on here to be complete rubbish.

So, RNS. A bit of software that will basically tie in with testing - diet advice, perhaps a schedule tool, maybe a dashboard with the results to make it client specific.

Hope they have done this securely and conducted a full DPIA.

As always the details are light. I think that instead of “strategic partnership” they have employed a dev company with the promise of a cut of sales as they won’t want to spend £250k upfront.

Upshot - as with everything ODX this has potential but without any facts it is a ramping RNS. The market agrees

# Trades 22
Vol. Sold 482,535
Sold Value £12,699.87
Vol. Bought 295,569
Bought Value £8,199.31

Relieved I sold on Thursday. Sorry to all those left.

Wonder if Tom will buy it without the debt etc. either that or next.

Qazwsx1 - You didn't did you?

I have 18 green stripes just on page one. The two I block make more posts daily than ODX gets trades in a day. Says it all really.

I wonder if they will look back and realise what a total waste of organs they are. As expected without news:

# Trades 8
Vol. Sold 508,771
Sold Value £13,488.11
Vol. Bought 98,751
Bought Value £2,757.52

Only reason for the rise was the increased spread. If they don't get that full £4 million I wouldn't want to be holding.

“Egg on face yet again I imagine for the green stripes. (so dumb they reply to me even though I cannot read there posts). “

What happens? Two green stripes after my post.

Word to the wise - better to be suspected of being stupid rather than demonstrating it (in your cases daily)

Well we at least know where the #10K buy came from now.

Egg on face yet again I imagine for the green stripes. (so dumb they reply to me even though I cannot read there posts).

Incentive scheme is a good idea. 2p a share effectively and can cash out after 3 years (if the business survives). At least we know why it will be ramped to hell in a few years time ("we've made our first profit/ looking to expand into US / found a test for monkey aids - so fakey2 can get the confirmation after all this time etc etc).

In meantime - directors sticking #5K into a SIP isn't exactly inspiring is it? Market today has been the usual low volume, more sells.

This is turning into the share equivalent of one of calamity Kate - boring and holds no interest.

Night night.

I sold this morning after visiting my local joules. Lots of stock and not much footfall. The RNS wasn’t great. It is Tom or bust. Since selling it recovered a bit but tbh I was so far down it made near no difference

I am hoping for a low price raise and will get in again as I like the brand. We will see

Are we due a trading update or will this now be after xmas? Trading seems really poor on the high street although this wet weather should see lots of sales of joules wellies !

We need a cold snap so lots of jumpers get sold!

You have and 4.5p is more than realistic. Also agree it would soon drop off again.

If the board had any clue they would be setting up the £4m, settle with the tax payer (so pay back £1m ish for everyone to save face) and then sell the company. With 5.5 in the bank the market cap wouldn't make much sense at what it is currently.

Trades show what has happened -

# Trades 16
Vol. Sold 463,531
Sold Value £11,320.07
Vol. Bought 69,156
Bought Value £1,778.07

Low volumes = low liquidity = large spread. At least we had three pocket money buys today. Perhaps the horse racing botherer / former slum landlord had another flutter to "average down". Who knows? Who cares? Upshot is that buyers have got a 5% loss already before fees. Classic ODX.

Until the £4m news drops this isn't going anywhere. On bad news expect worthless bits of paper. On good news we could see a big jump to 5-6p but then that would trigger huge sells as people in at 4p will want to realise profits.

Very sorry to all holders. I am a fan of MADE and it is a pity it has come to this.

All the best.

I do wonder if anyone on here does any research. They can't seem to debate issues raised. Very odd considering, based on the number of green stripes, they are prolific posters.

The #4m, if confirmed will "rerate" ODX. Of that I have no doubt. However I have major questions over the sales channel and numbers when compared to the competition. I have been taking a close interest in media around food intolerance and gut health. It seems to be the trend de jour which in theory is good news for ODX (if they had a decent marketing team). Media attention is increasing.

Food Detective is being sold from around £60 and Food Print around £225. So with 60% margins that is good at volume.

BUT I remain to be convinced that "practitioners" can sell these tests in the volume needed. Some look good (CNS), some are shocking (won't link as don't like naming and shaming).

As this stuff is on the medical fringes the mix is bound to be mixed. We don't have NHS contracts for example.

Meanwhile todays trades speak volumes. I wonder about those that shout the loudest (horse betting, ex slum landlord) have topped up? If they are so confident why not?

"team have signed up 100 practitioners. Not 100 sales people. Now who has to try harder."

Whichever idiot said the above (one of the green stripes) they have no clue. This is not a medical device per se. "Practitioners" ARE sellers. They will vary between quartz gazers and those jumping on the gut bio band wagon. But fundamentally they sell. Most people do. They aren't doctors. They are simply people offering a service (oft to the gullible). They can dress up in white coats and have lots of certificates but it isn't scientific.

If you don't understand this basic concept then you don't understand anything.

You won't get a payment from the DHSC. Period.

Would agree with that. In fact, the results said the balance was "about" £2.5m whereas today it was £2.5m. It is only 6 weeks and any fool can fudge accounts for 6 weeks but that was a ray of sunshine.

Concern on what sort of comments they would need to respond to the WHO on and the sales figures are a joke. I can sign up 100 new sellers in a week or so, doesn't mean they will sell a bean, especially in the homeopathy space they are currently in.

Will rise in price on success of #4m - long term jury is out. I do like the new CFO.

When you look at solicitor and barrister fee's along with other court costs you can understand why. They get eye watering really quickly and every minute is billed. Actually the way it works in legal is that you have a minimum block of time - anywhere from 5-15 minutes is norm. So this post has taken me a couple of minutes but if this was a client I would be billing them for 5 minutes as that is my time block.

You would need to be very confident of your case for it to go beyond arbitration unless you had very deep pockets and were willing to make a punt.

To put is another way you owe £11.85 for this post. (to be clear - I am not a solicitor or barrister - they earn way more than me)

On the subject of moderation.

This is a typical move within any commercial dispute. Courts want to see that the parties have at least tried to resolve the issue and reach an agreement before they are involved. It is also good for the parties because it can save on the substantial costs that action (including appeals) can incur. ODX just don't have the money to take on someone who is happy to spend other peoples (i.e the taxpayer) money and it is too much a gamble.

It is not an admission of liability or compromise, although that is recommended.

If ODX have any sense at all they will ensure they have representation during these discussions. I would expect that a compromise will be reached where both parties can save face. Could be a million plus saved potentially ! If they have to pay 1-1.5 back I would take that as a win.

Lol.