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Looking at the filing documents...the thing that stood out for me is that (as i read it) that the gov amended their claim on 6/12/22 - not sure how common that is ? one would have thought they had plenty of time to get it right in the first place?
seems to have been in response to an order after ncyt submitted their defence and counter claim
today we learned that they are trying to get a judgement on one particular point.
which ncyt say has a very weak argument - must be to put it in an RNS
I wonder if the gov will decide on pursuit of the rest of the case in light of that decision - if it should go ncyt way?
Any thoughts ?
Well the MMs put a massive spread - so not surprised momentum was killed ...for the moment
Warren...I doubt it has been settled and leaked ..it seems to have been under a pretty tight NDA.
April may...would have been my guess at a settlement all along....it is a game of chicken...so we we are close or close to the court date.
There will be some froth in the market leading up to it.
And now is defo the time to get in if you want to speculate
Thing is saint..cash would underpin the sp to a certain extent.
I would go as already said...but any dip in sp would being others who would look at value more on cash held.
Maybe not frustrated with the company so much or not aware of the last two years of non progress.
Overdraft was removed before cash from colin came. so it was super important at the time we were discussing it.
as the survival of the company was a huge question mark
All in RNS - which you said you dont have to save as always easily available....just read them...might do you good
Agreed Harchris - if it were a rise of 50% in a day fueled by a rumour on twitter etc...then possibly
The last thing we want is a speeding ticket ..ffs
be careful what you wish for.
imho it is just market dynamics - correction on an over sell...new tax year....and people positioning themselves for the court case or possible settlement.
do you really want the company to come out and say "we know no reason?"
Interesting - why would they have been restricted in what r&d news they could release?
if they win and the sp rockets due to cash - then it should stay there for a bit. however they need to start generating more profits.
would they have been planning for ygen so far ahead? or was it an opportunity that evolved quite rapidly from LR cash mismanagement?
i agree they dont care about share price or shareholders...lets face it we are just an inconvenience for them
The overdraft being removed was a big deal because banks dont lend to those who need it to survive and cant pay back....this showed the company was running on fumes before their good mate colin bailed them out
"When did they confirm loss making year?"
read RNS
Overdraft was removed as some of us discussed on here - as it turns out shortly after they didnt need it as they got cash from their old mate Colin (lol)....which was good news
Gizmo - can you elaborate on what you are hinting?
I am interested on your take
Jeez....still trying to "talk" to someone who doesnt want to talk to you? desperate kate?
captain this captain that
CHECK THE RNS - it is in there. £1m+
which is the beginning of a 7 figure.
of course you deceive by trying to insinuate it is up to the highest figure
If they are vigorously pursuing - why do we hear nothing for months and months? what exactly are they doing?
surely they would have started court proceedings if they strongly believed they had a case?
sounds very similar to the company saying " busy busy" " big things coming" like they did with all the covid work ?
i look forward to seeing the progress in 15 months since they released the RNS on us "expansion update"
and how it has translated into increase sales - not jam tomorrow
just remember the company have already confirmed their loss making year - and that things were as forecast. doesnt sound like there have been major new sales added?
cash burn leaving £3.8m as forecast
"So Captain criticises that I didn't reply soon enough, "
No tbh actually I would prefer you did not keep trying to drag me into a conversation.
You always do safe in the knowledge that 99% I don't respond . When I do..you easily disappear and when you return change the subject cos you never have an answer.
So still no apology for getting it very wrong in the usa contract of £50k ?
I am sure the company is sick of you ..
Like your local police...solicitor and LSE
When you call they are probably rolling their eyes..
Agree with john
some would say their reputation was only due to gov....
what have they tried to achieve since? what was the plan?
Lol...i am with Ted on this!
great to see some traction
""Omega (AIM: ODX), the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition, announces that it has now received the maiden purchase order ('PO') for its FoodPrint® system from a CLIA certified ('Clinical Laboratory Improvement Amendments') laboratory in the United States, and has appointed a new US importer for FoodPrint® kit"
jeez...again you miss the point.
the rns is to update the market on a new contract
where are the other RNS on new significant contracts ?
if £50k was enough to release an RNS in other words it was significant - where are the rest?
Don't worry it will all come out in the wash
if you have been in touch with company - when is the financial update coming?
gonna be really interesting to see what progress has been made in the US in the 15 months since that "update"
and how you will try to excuse any lack of progress.
"No Captain I think you'll find the £50k contract in America was included in an RNS so not as you try to imply."
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this is the comment that started the exchange.
I said that no significant contracts have happened as no RNS to update. £50K was a very low bar
you tried to say that the £50k was not the RNS but just included in one as an extra in other stuff.
I have shown you that this is not true
no apology or admission of getting it wrong (again).
but try to deflect cos I missed a word that we all know was an update
we know you try to respond within 20 min - to any post i make.. so it has taken you hours to a) find the RNS and b) come up with that pathetic defence of you getting it very wrong
your focus is all wrong. instead of making vendettas with posters on here - do research.
but you won't as you will then have to admit we are right and that this share has serious issues
Nope wrong again - the RNS was titled US expansion and said
"Omega (AIM: ODX), the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition, announces that it has now received the maiden purchase order ('PO') for its FoodPrint® system from a CLIA certified ('Clinical Laboratory Improvement Amendments') laboratory in the United States, and has appointed a new US importer for FoodPrint® kits.
Although the value of this initial PO is circa £50,000, the US market is a key area of focus for Omega's growth strategy.....
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maybe instead of saving my posts - So you can try (unsuccessfully every time ) to trip me up ...you should
save RNS?
but you are more interested in me...and arguing .... than the company itself?
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As for believing what the company says ...figures - yes as they are absolute. it will either have £3.8m or not and have to say why not
vague terms that they cannot be held accountable for
eg "busy busy" "big things coming"...we believe blah blah" etc etc
not so much
in fact not at all - going on history
and neither does the market as evidenced by the SP - another figure and FACT
Lmfao...no fakey. all good mate,
don't know who reported your post?