Member Info for CaptainSwag

there is no indication from RNS that this will realistically get to 12p.

was a paid for research note by the same people who arranged the placing. they hoodwinked a load of bucket shop flippers into buying at 4p....so they have to do their part in trying to pump it so the bucket shop flippers can get out.

the market wasn't buying it....anyone who knows the AIM game wasn't buying it.

just a few on here trying to hoodwink newbies and reeel them in.

WB- i always thought patsy was American in origin? eg Oswald claiming he was one

amers - one would like to think we are at rock bottom...and that sooner or later some news might come to boost SP.

however my suspicion is that the update due will not have too much tangible jam..and therfore we could drop a bit. but i would expect this to recover within a week/10 days to where we are now.

i think buying in before any trading update is always risky with aim - as in my experience it goes down much more often that up. even if exactly as expected.
the market seems to have no qualms kicking you again again but much more reluctant to help you up again.

only my opinion - i am sure others on here will disagree with everything i say.

"A board position for a foundation is hardly a sign that his career is flourishing."

he has done well for someone who was a ski guide and sales rep 25 years ago. i suspect he will get another ceo position at some stage. lets be honest it does not matter to many the size of the company if you are pulling in the wage.

was he a patsy? maybe.
but the reality is he got well paid for 3 month walkabout and rehashing the same powerpoint and chart a few times in the space of a year.

well he has done good for himself - pumped up his cv with a ceo position...hardly anyone will ever know how he destroyed 80% (or whatever it was) of shareholder value through salad.

always remember a sign outside a pub saying that no ever good story started with a salad

"I can't really see how the update could dent sentiment any further but it's evidently not going to be a catalyst or turning point either."

don't tempt fate!
thing with AIM these days is that even confirmation of what is already know tends to hit SP.
I suspect we will drop on the update..especially if there is no smearing of jam tomorrow

tradesin - post of the day!..lol

"Failing that the FCA for misleading all the ODX investors that they would lose their shirts in this.."

haha....yes we advised people on a board that they would lose money if they bought in...and the price keeps going down and down....
what exactly is the complaint going to be? they will be rolling their eyes..lol

"Why is anyone's guess."

seems that is the strongest counter argument some have on here. - why people are on here to go against the ramping echo chamber.

if that is the extent of your conviction and research.....then good luck!

if those "invested" in odx were confident in the share they would not be so vitriolic and providing accurate rationale arguments in their favour.

the SP is what it is for a reason. just because it keeps going down does not mean it is becoming cheaper....

just means that the market has less and less faith in a company who cannot sell significant amounts of anything never mind the most contentious product that is all that is left of their portfolio of products

you can believe those who hold and are trying to pump the share so that newbies buy in and they can get out or those who are critical of the share and have been all the way down to 2.65p. it is your money. nobody ever lost money by not buying odx - plenty have lost money by buying.
DYOR

"As I posted a couple of months back rejecting mediation is not a good look in court. Even if you cannot reach settlement it shows a level of good faith. ODX are unlikely to take this to court because, removing the emotion of it, the contract is clear. Maybe unfair but that is another matter (and likely the only defence)."

agree both will want to show willingness to negotiate should this go to court....
odx won't want to go to court imho as they could end up having to pay costs as well - whilst they have done the right thing in playing call my bluff they must know they are more likely to lose.

so it really boils down to what the gov can walk away with and still call a victory...

atan - i would have to disagree on talking to the birds as the gov is asking for the whole amount back. if a compromise could easily have been negotiated then it would have been. personally i think with a third party mediating a compromise could well be made but I would not bet on it.

we agree on "the show"..as I have said all along the gov will want to be seen doing the right thing in looking after tax payer money - and unfortunately odx being a uk company are an easy target

if odx have to pay £1m back that will hit SP...by about 0.4p

caley - i would not argue against your claim that the gov acted in bad faith or morally owe odx .

however the pre production payment was always going to have to be paid back - via profits from tests produced. the fact that nothing was produced for the gov means that it still needs to be paid back.

i really can't see how odx will get out of paying. they have clearly refused to pay but the gov will want to be seen pursuing covid companies for the cash wasted. unfortunately the gov can't pursue chines or turkish dodgy companies so will again hit the easy targets of uk companies that they had already treated very badly throughout the pandemic.

mediation may negotiate the amount but a contract is a contract

jco - can you point out in the accounts where the (potential) debt has been ring fenced?
As I haven't seen it nor in any rns.

jco - has the £2.5m been ringfenced? I don't believe it has? in which case it will be coming out of current cash in bank

if their cash is halved it would have a material effect on sp.
currently the market cap is £6.4m (2.7p)
if they were to pay £2.5m back then this were to reduce to £2.5m +£1.4m = £3.9m the SP could be 1.64p

efficiency in manufacturing is all very well - but is this what is making the company a loss making venture? possible it would bring the cost of sales down

however the biggest issue is that they are lacking in sales.

Caley..I read the contract fully and again in parts several times.
Pre production payment can't be due if there was no production. The contract clearly stated money only to be used in production of gov product and not improving facilities.
Odx jumped the gun. They did not understand the contract...which is why they only realized it was over a month later.
I don't blame them..there were financial penalties if they could not supply enough product on time.. they were presumably worried about this in the hiring of extra staff etc.
Morally the gov were in the wrong but a contract is a contract.

Odx are clearly refusing to pay...doesn't mean they will be successful in mediation.

If they come out having to only pay half ..it will be a great result.

The issue is that odx signed a contract that they never understood...as I always said Colin was a nice guy but put of his depth..

"Leveraging core capabilities to become a leading, global clinical diagnostics company targeting annual revenues in excess of £100m in five years"."

unfortunately as i believed at the time - i still think it was just word salad.
DA was the master of telling people what they want to hear - unfortunately with no substance.

we seem to be even less clear what the future plan is than with salad man in charge....which is unbelievable

"I have added at these levels. Risk .v. reward looks decent."

lol...there was one issue at the end of last year with late orders that could not be fulfilled on time. their biggest issue is not generating enough sales .period.
how much will this consultation cost v the £1m to upgrade machinery?

as for risk v reward
lets look at the case that odx lose gov dispute (good chance) and have to pay £2.5m back and carry on with current losses and cash burn of £2m ish.

how long will the £5m last then?

it is not uncertainty that the market is objecting to....but the business model. one product line which is contentious and can't produce a profit.
apart from cash in bank what else do they have to offer to generate value?

dj- i think you should go all in fella!

dsaf...yes crazy that anyone blames posters on here and not the company itself

"The appointment of Walbrook, having now had time to mull it over, doesnt seem to fit, with improvement, unless they are intending to borrow/raise further funds? Walbrook may have risen to second place on the aim market, in gaining new clients, but indeed some of these clients, have not really benefited from them being their PR arm?"

it is an interesting take. can't see ncyt raising unless they lose gov dispute. That still must be a way off from being resolved even if pre possible court case.
i hope it does not mean that ncyt are going to become just another aim share -

"wally will make you broke" seem to rely a lot on twitter - i wonder what value for money they will actually bring?

i suppose we might start getting "research notes" - you know the ones that value the company as multiples of current SP?

i totally agree that ncyt should be doing more to enlighten SH- the owners of the company. At the very least an indication of a forward plan.
it is hard to conceive of a more useless company in that respect

"unlike the atan/ Pinocchio derampers who were wiped out three years ago under Colin,"

fakey - as accurate as ever!
3 years ago was april 2020 - pretty much the start of covid!...and way before the gov non contract!