Member Info for BIGBangs

Javid expects that we will have 1m Omicron cases within a week.

So we have moved to plan B. The interesting thing to note is that Boris suggested we will move to LFT every day to remove the need for isolation. Just need HUA and just perhaps that could include ODX.

Following Ashers original post I have just taken the trouble to register for the Global Passport app and confirm that Dam are the only UK supplier of tests listed. Once we get approval this must be a positive for ODX,

Thanks dsaf, we have common ground. I noted at the time that CK commented that they had the legal opinion the day before. The fact is that if the contract had lapsed in April as suggested by the Chairman then their due diligence should have made them aware of this at the time or shortly after ie well before many upbeat tweets and (surely the most damaging) was that until the day of the meeting the £374m contract tweet was pinned to the top of their page. Approvals will lead to orders and orders will give us a much better SP - those invested will accept that this is just a matter of time. Anyway I wish everyone, Good Afternoon.

The blame for ODX’s failure lies squarely with HMG failing to approve a test that is evidently the best in the market whilst constantly ordering more stuff from China. ODX have failed as they have clearly not managed our expectations as to timeline and progress. Surely enough here as we type the SP falls 10% yet we bicker. I’m off to do something else for the rest of the day.

Sorry dsaf but you are obviously misinterpreting my posts and they are written down, how much easier would it be to misinterpret a conversation that is not recorded? I am not looking for a battle with you dsaf our goals are aligned, I am content to accept we can both believe that ODX offers potential but for different reasons.

I am certainly willing to accept that CK was always careful not to pass on any insider info but simply holding a private conversation with you, Big Jock or any of the others who may have claimed a direct link was foolish and only served to add to increasing the hype that we have all been subjected to. CK had no control over how you interpreted his comments or indeed how you reported them to others. I am not suggesting that you have misled this board dsaf but I certainly believe any CEO and certainly an inexperienced one who is not used his every world being scrutinised and interpreted is best served by communicating only in a public forum available for all shareholders. I am disillusioned with CK but have commented previously that I do not believe it is the right time to remove him but he has a lot of work to do to make up lost ground - this will be almost entirely in the Covid field and I would like some confirmation from him that he appreciates and accepts this or better still a RNS confirming some success.

A CEO talking to individual shareholders is normally dangerous and always foolish.

Colin lost the ability to talk only to those investors who were around prior to Covid when he took £11m in a placing to pursue the opportunities it provided. I do not doubt that the other parts of the business are worthy and improving but that is not what many of us are invested for and I personally find it very frustrating that when it is obvious that the goals and aspirations of the business in its larger form have so far stalled that commenters can suggest that they and by implication we should be happy. I am far from happy and I place some of the blame for that with CK and the board and expect better going forward.

I am sure that it is not too presumptuous for me to ask you to be more specific. Accepting that this is a newly formed group, how many shareholders have registered with you and what % of the company do they represent?

Unfortunately Woodstock integrity and ability do not always go hand in hand.

I have become more interested once I noted the concerted effort to remove posts and threads. My suggestion is, if you are willing to put the work in you will get more support. Go back and start again, contact the shareholder association previously referred to then come back with a plan of action as outlined by them and with their support. I fear that the number of shareholders involved to achieve 5% will be too great and their commitment to fickle to make enough progress to achieve something that could become irrelevant once a positive RNS lands.

I had started to post this on a previous thread but that was removed before I had finished - I certainly agree that removing the posts seems to be a pretty poor response to a reasonable suggestion,

Although I am not 100% sure and although it certainly used to be 10% shareholders required to call an EGM, I am fairly sure that the % is now 5%. I certainly would have preferred it if a call to action had come from a known and respected regular poster on this board - Okehurst or Tricky’s support for this would have given me confidence. I would have also been more relaxed if the Shareholder Action Group Organisation referred to by Stats had already been contacted as their notes do certainly represent a very good basis for action. This process is very difficult to set up and manage and tends to fail the first time you ask for any funds - which you will certainly require. I am reluctant to come out against any positive action as I certainly now view a string of Tweets and certainly the fact that the £374m tweet was pinned until the day they announced the contract had lapsed many months before was misleading and inappropriate but I believe that the board believed what they were posting - they were just wrong and over excited. I also believe that the entire sentiment surrounding this share will change immediately a positive RNS lands. I feel sure Colin and his fellow board members understand the extent of shareholder feeling although constant talk of the other (older) opportunities for the business are enough to appease us or indeed mitigate our losses is frustrating.

As e cannot be trusted to test and self isolate unfortunately it looks s like another lock down is looming.

There is also evidence that more than one in four (27%) British workers would turn up for work with symptoms of the Omicron variant because they needed the money, including 23% of those whose job puts them at increased risk of infection. Also, 16% of workers say they would be able to work from home, but are not allowed to by their employer, according to polling for the Royal Society for Arts, Manufacturers and Commerce (RSA). Just 31% say they would get support from their employer beyond statutory sick pay.

HMG confirms that a PCR or LFT required before returning to Uk. As noted earlier many countries also insisting that a pre travel test is required. First time I noted that Omicron strain referred to as super variant. Concerning comments suggesting it might be more harmful (although not specifically dangerous) to children than previous strains. More countries added to red list.

Also heard several high ranking commentators from around the world recently suggesting that we should expect to having vaccinations on at least a yearly basis for the foreseeable future or possibly forever. Covid and testing will be a part of our lives from now on. The sooner they exploit the benefits of LFT’s over PFC’s which have a specific but limited application the better.

Good to see you back online Tricky.

I am struggling slightly to understand why a LFT is not required before you get on a plane (both ways) and potentially a third a few days later which if positive is followed up by a PFC test (free). Can’t see the current system lasting very long or the PFC procedure being able to cope with testing everyone who travels.

Ok Harvey, so as you have sold your shares the financial interest you have can only be to benefit from driving the share price lower - some of us may not like it but this is a perfectly legal and acknowledged form of investing. You will forgive me if as a holder of shares invested in the hope of seeing the SP grow I will view your posting in the light of your stated goals.

I was not going to reply so against my better judgment here goes.

In hindsight I was far to relaxed about the Director sales, my reticence has cost me but knowing how few opportunities there actually are for a Director of a listed company to sell stock and having myself done so, in a rising market to fund a particular purchase I did not give it the significance it deserved. In my own case I knew that fresh share options, at a favourable price would accrue to me and to be frank I needed the money, I suspected the ODX board members had gone through the same thought process, I was clearly absolutely wrong. Although bitter I cannot let this error blind me as to the real opportunity that still exists for ODX - almost despite everything. We will now need no convincing that the ODX board ore useless at sales, useless at understanding the contracts to which they have entered and useless and communicating to their shareholders but I don’t think any of us seriously consider ODX to be useless at manufacturing tests - this is what they do and have always done. Will they be able to cope with producing 100 million tests per annum, I hope so, it’s will be a big shift but I believe they will finally be playing to their strengths. The board have no credibility, of course I agree and if you believe all is lost all you can do is sell, hanging around exploiting the pain and dissatisfaction of shareholders, continually encouraging them to vent their spleen is pointless. Pursue a legal case against the board if you want to but if you remain invested you must look at the opportunities going forward.

Harvey, I have attempted to explain why I remain here and why I am trying to stop crying over my losses, please do us the courtesy of explaining why you are here?

Drlong, I agree. In our contempt for the CEO, the ODX Board of Directors and the comm’s, we have lost the point. The stock market works by attempting to value the future potential of a company, what opportunity it represents. I will not bother to list the many ongoing approvals we have in progress and I don’t think any of us, whatever our disappointment at this stage, disbelieve that ODX now have a capacity to produce 100 million tests per annum and few of us doubt that Covid will be around for a while yet and LFT will be required at home and across the world. I still hold to a market price for LFT’s to be around £3.75 and I remain comfortable that our costs to manufacture are no more than £2. Others have suggested that OG sell tests for £2.75 (from memory), quite possibly, it is amazing how paying your employees a few $ a day can help with your overheads. I could argue that HMG would be better paying £3.75 for a UK produced product than importing from China at £2.75 but even if the harsh reality is that ODX had to match this price in the market that would still present a major opportunity. OK my aspirations of £2.50 a share seem long dead, at least whilst I type but 25p really? At £2.75 and producing at full capacity and a p/e of only 3 would comfortably give us £1.24. We are all dissatisfied with the way this company has been managed, this is a separate thing to the company having the opportunity to manufacture 100 million LFT per annum.
I am as financially hurt, angry and contemptuous for the way we appear to have been misled, as anyone. What were they possibly thinking? How could they have acted so badly? Why would they issue so many tweets to confirm our bias that they were busy, negotiating hard on a government contract that would surely slot into place imminently and of course that commercial opportunities in the USA would play a large part in our future? All shocking and we certainly have a right to question their credibility, seek to have them removed and possibly sanctioned but we must not let our justifiable pain blind us to any positives that have managed to hang in there despite everything else.
I do not believe a take over at this stage would be to our advantage we need approvals and orders first to have any chance at receiving fair value. We have cash in the bank to certainly see us through 12 months, probably longer but certainly until we can actually start producing. Investors are hurting but let’s not let our own disappointment and anger blind us to the reality of producing 100m tests per annum - with this board or a new one.