Member Info for Beynon

Can Colin see where the demand is coming from yet?

The government have 100% created the situation they are in. You reap what you sow but unfortunately it’s the ordinary residents that pay the cost of their incompetence

The government must be very pleased it has hacked off the entire national diagnostics industry at a time like this. Superb

This scenario may well be for part of the reason the shareholder press conference was so bad. Make clear the company sees no demand other than the government contract.

I’d hope our CEO is doing the same. We’ll done !

Best outcome for odx is get a test, manufacture the test, sell to UK government without all the deal making of the subcontract manufacturing, and return the £2m on that volume under a supply of lft contract. Alternatively similar clawback on production volume on third party supply to tests. I am sure we are using the Chinese tests until we get to a “managed” herd immunity.

What ever you may think as to “lot” what basis of value do you see here now? The venture to covid has left the company worse than it was before the pandemic. Unless the tides turn fast this is not good. Not good at all. The financials are poor and can only be changed with selling covid tests in volume. The only other option is that the board bury their heads in the sand focus on the core business and just let things bumble along forever more.

Stats is dead on the button. Colin has almost scuttled this company here. I thought 11p would have value - thinking 5p now. I still painfully have shares here but they have made such a mess.

I suppose they can argue until the court rules against them giving them time to generate cash if a test can be produced. This is not far away from a shed in a field now. Can’t believe the mistake I made here. Everyone talking about legal departments etc need to understand this is in the middle of nowhere. They wont even have a trained commercial lawyer in their staff.

Also - of note - the £2m is not in the p&l so any swing is based purely on cash movement for me. Overdone unless this is the placing

Looks like they have well and truely drawn the big bath now. I think there will be a change in management which will be timed with test approvals and growing supply to the private market. I do think there is a funding requirement on the near horizon for ODX but what is better is that the DHSC let us down now rather than decide not to pay for supplied tests £10m in. No comfort today, at this price, but may all be for the best in the long run.

I believe so - no test to sell, Chinese tests over bought, no government contract. Extended overdraft - likely no positive cash flow from covid for a good number of months.

With a placing on the cards for a q1 shortfall - so similar to abdx

I do have concerns regarding liquidity until a proper order is received.

Surely - Colin needs to be moved into a technical role and a business orientated leader put in to ceo. A firing would be a revenge act

A thought from all needs to go to the staff at omega. Likely all going through a drastic re-sizing and seeing all this play out on noticeboards and Twitter. Colin must be beyond embarrassed (maybe not that self-aware) and the place super depressed.

And to continue is the difference here - 1 dunt news release then a call to follow to worsen it. Not the first time and there must be some standard somewhere that they should not do that

Or a company releasing a RNS stating talks still ongoing and then doing a presentation to say it’s a dead dodo? What is wrong with these guys - every time he speaks it is a disaster. Take the hint - don’t speak

Twaddle

Sorry guys maybe I am being slow. If the contract is in theory expired how do they know they have access to the equipment - would that not be matter of fact through notification from DHSC ?

He did not say it had been confirmed expired? I do not remember him saying that. They just said expired and
mumbled about long stops