Member Info for CaptainSwag

"So, unless you've bet against it (more than likely), you are doing nothing AT ALL, to support it to TRY to gain some of your losses back?"

and so you go on ad nauseum
so what you are saying is that we should lie?
the sp is where it is - only the company can change it..if ramping on here worked you would have got us back to £11

"For those lacking the mental acuity to comprehend that Winterplex is not a covid test ."

real-Time PCR SARS-CoV-2 Winterplex® is a COVID test..it kinda gives it away in the name ....it also tests for other thingies

"I can sign up 100 new sellers in a week or so, doesn't mean they will sell a bean, especially in the homeopathy space they are currently in."

don't forget they are already supposedly selling in over 100 countries - considering their sales figures - it must surely be pitifully low quantities everywhere

"Probably by saying there was a 2 million trade which was reversed which he is unwilling to prove and something about a cave in Thailand."

haha...yes with accusations that we are the same gang paid for by some imaginary boiler room cartel etc etc

"Stop talking like the case is settled in our favour. At best it’s 50/50 and could be many years away."

i put it higher than 50/50 in our favour - but there is always a risk. unfortunately the risk could wipe out cash in bank. so at current salad man pace i hope it takes years and in the meantime some of our cash gets used for accretive projects.

"Have you already forgotten how many deaths per day we had."

fortunately omicron was the gamechanger - milder and more transmissible - giving a good natural immunity and not so severe statistics.

hopefully there is a market for the winterplex . however more importantly i hope ncyt are busy working away on the non covid portfolio and marketing.
we could do with some more rns on these other products and hopefully contracts

As previously indicated, H1 revenues are expected to be softer than the prior period, down 18% to £3.4m,
FoodPrint® revenues are down 24%,
Food Detective® sales were broadly flat,

" regulatory change has impacted customer order profiles, particularly those of our larger distributors in North America and the Middle East."

so the american dream of the key market is faltering already? the middle eastern crusade has run out of fuel?

wonder how fakey2 will try to spin the big fakearound?

"Would agree with that. In fact, the results said the balance was "about" £2.5m whereas today it was £2.5m. It is only 6 weeks and any fool can fudge accounts for 6 weeks"

they expect £0.5m loss for this financial year which is £40k a month ish.
6 weeks is £60k ish

they could easily have had £2,560,000 down to £2500,000 and both would have been about that figure in rns

i would worry about soft sales getting softer

"That indicates to me the company may be cash positive and certainly not leaking cash like before."

5-0 as they said forecasts were same as previous- they will expect to lose £0.5m by yr end 23
so they are leaking just nowhere near as much

dsaf - they did admit sales were soft...lol.

not the strength to strength that fakey2 suggests in his fakearound?

atan - i read that most commercial litigation that does get filed - gets agreed on before trial anyway. i think there is currently 2-3 year wait as well.

"however the big big question for me is WHY would a gov ask a companies bod to mediate with them unless there is more to this than we know about , from a legal standpoint it doesnt make sense ?

interesting point. my suspicion was that the gov wrote asking for money back...odx wanted to know why....i am guessing both sides kicked the can down the road a bit....gov works painfully slowly....odx could not have afforded to pay and so were prob quite happy for any delays.

the gov probably finally got their act together and put wheels in motion - at which point odx may have played a blinder with rns threatening about damages. whilst i doubt they would get any it may just be a successful bluff - in that the gov might not want to be in court over this.....even though they want to be seen pursuing "money back from covid"

as always interesting times with odx...should be a movie

"Europe Marxist!? "

some would argue that the west is being taken over by "cultural" marxism....further education has become more and more left wing with any opposing discourse shut down by hysterical screaming......and this has a knock on effect in all areas... look how much wokeness has accelerated relatively unchallenged so quickly even though probably only spouted by a very vocal minority

fakey2 - i can assure you that i am neither buying or pretending to buy odx shares at the moment.

the best bit in the update for me is that the gov are willing to mediate as opposed to going straight to court ..as i have said before if odx can halve what they owe then they will have got a result.

wonder how the fakey brigade will try to spin "soft" sales - not such a fakearound?

I would tend to agree Hodge.
The gov behaved abominably towards to the uk diagnostics industry - and anyone who thinks things will change is probably looking through smeared rose tinted glasses.

atan - it is a very good question. clearly the bod were clueless in much of their dealings in covid. i think they got excited by the thought of working with the gov and big cash - and really didn't know what they were doing. they also seemed to assume that they did not need a plan b...fine if the gov contract had been bulletproof but they were in effect being used for being on standby.

i suppose it is understandable in that it was a company worth prob £10m before covid - with unfortunately that level of management. however they were not competent enough for dealing with £300+m contracts

the same with test applications - why on earth did they waste time and money seeking pro use for lft test in usa? would have been much better to focus on eu

they did not appreciate that the pandemic could have a short life ..choose the right strategy then fill the application forms properly - we heard they kept getting the forms returned - and get it in a market you can sell.

"The Company can also confirm that as part of the UK Government manufacturing contract announced on 11 February 2021 it has received cash Preproduction Payments totalling £2.5m (excluding VAT), with £2.0m of this cash payment received after the year ended 31 March 2021. It is expected that an amount per test, sufficient to recover the Preproduction Payment, will be deducted until such time as the funds have been repaid."

so ODX knew the funds had to be paid back..was going to be by tests...but oh....they did not produce any for the gov? so now gov want cash instead

hashtag where do odx get them? lawyers for us?..lol

Has anyone seen Joe blogs ?
He seems to have disappeared...and he has such worthwhile contributions!

mudget - good letter - did you receive any reply? will you post if you do?

"Captain Pinocchio, wrong about my average price, the amount I hold and my sell price. "

you did a 180 at around 3.5p changing from slating the company multiple times a day (as evidenced) suggesting you bought in around this price.
you supposedly averaged down further - you now say average is less than 3p which fits
where is the lie?

you say you have a 7 figure sum....assuming you are being truthful...lol...i used 1,000,000 as a minimum to show the minimum you have lost this morning in the fakearound.
why don't you give a more accurate figure? I will in return tell you more accurately how much you have lost this morning?

sell price? you know better than most there are a gazillion shares waiting to be flipped by the bucket shop boys .....at any price over 4p placing. this will stop any sp rise dead in its tracks...
i doubt a) odx will ever get to 12p and b) you will be in anywhere near 12p

hashtag fagan fakey2...you gotta "ramp" a pocket or two!......
suck those newbies in