Member Info for BIGBangs

Well, as I recall it, we have never actually been told the number of tests that were ordered. We were told that of the tests used few were reported on the government site (crazy, please register your tests) and this may have led to some confusion. I apologise in advance but I actually hope that they have run out and are now forced act. There evidently are no large stockpiles which is good news - for ODX. Give us HUA and we can sell you 2million a week - manufactured in the UK, paying UK wages to UK residents and paying all corporate taxes for the good of the UK society - why does it seem so simple to me but not the government we elected?

We can offer them a solution, just hope they don’t turn to the Chinese again. It does seem ridiculous that HMG would launch this without having planned supply but there again many ridiculous things are going on.

This guy is the political correspondent on LBC. James O’Brien is talking about it this morning. If anyone can ring in and talk about HMG being in dispute with 3 UK diagnostics companies whilst giving all the orders to the Chinese, I am sure James will be glad to run with it, he never misses a chance to kick HMG.

Looks like you were right KahunaJim lots of talk today about LFT shortage. If you can bear it listen to James O’Brien on LBC who has suggested he will be talking about it - all about Covid today anyway.

A week or two after you booster jab you will have increased antibody protection for between 12 weeks and 100 days then the protection reduces dramatically so what do we do then - start thinking about the next booster and test.

Just to answer your original question Kahuna Jim, I have ordered some more tests today and received confirmation they are on their way so must be a local issue for you. We should all be ordering as supply will get tighter and we certainly want to be reducing any Chinese stockpile that may exist and give HMG the chance to order from ODX.

As a slight aside, this morning I was chatting to some Italian friends and they have not even heard of LFT’s which I find amazing. They checked on some Covid provider platforms and they only offer PFC tests (at around €120) - massive market available for someone and I am sure DAM, Lansdown and possibly even ODX will be considering the opportunities there.

The press also speculate they we will very shortly have 1m people infected let’s call that 7 m tests and speculate that each person my have come into contact with 5 others before they began testing that is 35m - plus those used in schools and the NHS - hopefully tearing through any stock held and just perhaps allowing HMG to rethink their decision re ODX?

Thank you for taking the time to reply Asher, I was not offended I just wanted to confirm that whilst I may not always agree with hasiba I do certainly vouch for them, for whatever that is worth, as being a genuine and honest poster who posts what they believe. Many of us are unhappy with Colin and the BoD but I have been clear in my own view that unless a better candidate appears we are better to stick with him and hope that he has learnt from, what we can probably agree, have been poor communication. There are many posters on here that confuse me and I am certain that despite their protestations to the contrary have a vested interest in spreading misinformation and unrest amongst posters for their benefit and not ours, I do not believe hasiba is one of those and the opinions therefore expressed are just as valid as yours and mine. Again thank you for reconsidering you position, genuine investors should be on the same side although we do not need to always agree.

Hasiba, although between us we may not move the SP in reality I do firmly believe that the sentiment generated on the board does effect the decisions of those of us that contribute or read this board and frequently consider never reading the boards again. Vested interest and dubious posting confuse and concern me. Sometimes I have to take a few days off as reading the posts is entirely negative for my own investment decisions and indeed my own mental health which, like many, has been challenged by living through this whilst invested. ATB.

It seems to me that if any of the £2.5 million is repayable it would be after ODX have accounted for any and all of the costs that they legitimately expended in anticipation of the contract. It is not unreasonable for HMG to ask for a breakdown, they need the paperwork to be in place, but once ODX have offset their legitimate expenses against it there should be nothing to repay - it would be different if the expenses were offset against future production for HMG and this is how I would interpret the contract.

I am fairly sure that we determined the value of the machinery at £17 from Bidstats although I don’t actually remember for certain. I do not believe we will somehow be given the equipment for free or on paying back any balance from the advance. We would be required to pay a reasonable market price but only if and when we were in a position to afford it based on future commercial contracts. We would be the best buyer and we would hope that we could acquire it for a very reasonable trade price, perhaps with a discount as it is insitue, we will not be expected to do anything until we are in a position to do so and would probably be offered a very competitive rental by the government. The fact that HMG appear to have missed the one month deadline to remove the equipment certainly works in our favour and we are in no rush to sort this out, playing to Colin’s strength. Approvals remain the most important next step and I continue to believe we will get them. ATB

Sorry Asher but if you have now started filtering posters such as Hashiba who are long know to many of us as an honest, fair and reasonable poster for simply expressing an opinion as an investor then I think you should take a long hard look at yourself. I ask you to reconsider. If you do not see that CK has, at the very least, been less than great then we must be invested in a different company.

‘Originally invisaged’

I agree biglad but people are worried falsely believing that if it is repayable it would be demanded in one go - I certainly doubt that. I still believe once we finally get the approvals we may well be asked to produce tests fir HMG in which case the £2.5m will take care of itself as was originally in is aged and if we don’t the commercial deals will bring in lots of cash.

Of course we should be insuring it. Someone asked about written down value - I don’t know how it works for HMG but a normal business would be able to write the machinery down by 100% in the first year which would mean it would owe them nothing - or I suppose that means a company would have potentially reduced their tax bill by the cost of the equipment. That does not mean that it would not still have a value and it certainly would to ODX but the price should be very flexible which could be spread over the useful working life of the asset.

Totally accepting that everything that could have gone badly has and that I am in a potential minority of one I still believe that signing the contract was (and remains) a positive and presents us with opportunities that we would not otherwise have. I doubt any of us, whatever our experience may be would not have signed it although I would certainly have taken excellent professional advice at the time and bearing that in mind would have been very careful as to the twitter comments I subsequently made. Approvals will still change the game, no benefit in returning the equipment until we are actually forced to do so and date I say that even given the debacle we are experiencing I do not believe it will come to that.

Not being clear on the status of the DHSC contract within the first RNS then issuing a further one at 9.30 rather than 7am surely gave insiders the opportunity to sell and as Okehurst has pointed out created a false market. The onus will be on HMG to prove that they are owed the £2.5 million back - the contract does not imply that they are but that is for another day. I struggle to see how this could have been handled worse but for what it is worth little has changed other than we are dealt another blow just when we were beginning to build ourselves back up - Twatcher was right again. Everything will change for the better when approvals land but it is hard to feel anything but contempt today. I actually believe the market has totally set us up for a takeover, the board here are crippled and would not fight it and I do not believe any of us would support them if they did, perhaps that is now the only and best way forward. Little has changed, ODX is worth more than the SP, approvals will change sentiment and we have capacity to produce 100m tests per annum using the government kit, which I believe will still be available to us.

Sorry wrong board. Pretty pleased with this one.

I am still at the point when any day that is not a disaster is a good day. Surprisingly hopeful of news landing but reticent.

I note that HMG officials are boycotting the Winter Olympic in Beijing due to human rights abuses but they see no problem with investing billions of £ in the Chinese economy buying LFT at the expense of the UK diagnostics industry. Doesn’t anyone join the dots?

Let’s hope for those approvals to finally come through so ODX can redeem itself. ATB