Member Info for CaptainSwag

caley - it would seem to be a life long struggle or at least 30 years

difficult to see how a company who can't sell in their home country (uk) or continent (eu) are going to crack america?

"Health and nutrition sales up to £8.6m in 2021 up from £6.8m in 2020 so they are selling and growing that element of the business."

umm...so £1.8m more than a year that was largely spent in lockdown.
what is the profit on that revenue?
because that is all odx have now

freddie - the pre production payment was made - but odx never produced anything. so what exactly were they entitled to?

morally the gov used odx and should pay - but the contract was quite gov friendly at the expense of odx....personally if they want to claim it back i dont think odx will find it easy....unless it goes to court and the judge is anti gov - which could happen.

say what you like about the chinese but they are amazing at copying stuff....and they can do quality if they want to. just seems they are happy to pass off a lot of cheap stuff in bulk at silly prices. consumer either gets lucky or very unlucky

if odx thought they were going to sellregular to china that was a bit naive tbh
i would guess one batch for the chinese to reverse engineer and thats it.

seem to have been proven right?

Dav...yep the current finance person certainly has been a key part in the transformation of the last 9 months. The sp suggests that the company has hardly turned things round

Placings / sale of alva at a serious loss / trying to dump cd4.

Caley..my suspicion is a lot was wasted on wages...there was overjoy on Twitter at the mention of 200-300 staff etc...but when you look at what income their labour brought in...something was very wrong.

I think odx will try to claim some of these expenses back off the gov...but as they never produced anything for the gov the responsibility was really theirs..the contract was quite clear from my reading

lol.....
wonder what happened to the sweaty sock puppet?
Did he eventually meet up with someone he was threatening and either ended up doing porridge or got battered himself?

the track suit king does not go to work premises during the summer months - it is prime garden time. however he checks email on fridays to check payslip arrived

it is very interesting looking at the psychology of share buying and selling. specifically at what point you bale on a share that SP crashes.
what keeps holders in on odx? genuine belief it will rise like a phoenix? belief that it has gone so low that it must surely go up ? blind hope? resignation of it has dropped so much not worth selling? denial? etc etc

trader - good post and i agree there are many better shares out there.
before the recent placing i would probably predicted the company folding.
however the shrewdness they have shown with the latest placing makes me wonder if i had failed to see them as a very successful aim lifestyle company. 30 years is a long time to survive with poor sales

i would not be surprised if they obtained some other test which could be used as jam tomorrow - ,maybe even to promote future placings.
i am really not convinced they can make a go of food intolerance testing. i think it is a good test in an expanding market but.....why as a company do they struggle to sell?..

it has been a fascinating learning curve - although costly ..and i am very intrigued in what happens next

"I can't see it doing much but I do get the feeling the drop is now bottomed. I still think the company may go bust but not in the near term (1 year to 2 years is not out of the question though). I just don't think there will be any significant upward movement with this one."

trader - seems a very reasonable assessment.
personally i can't see it getting over 4p until open offer closed - unless a massive pump by the track suit king.
see it bouncing around this price point - the markets are rough at the moment but i think 3pish is the bottom.

as for the future of the company - see what more they can raise in open offer. then there is the potential sale of cd4 which i am guessing will be under £3m.
a lot will rest on the gov claim for pre production repayment - as this could wipe out any gain from cd4 sale.
all the above will determine if/when the next placing - unless leopard (should be jag---uar i suppose...lol) changes spots and actually sells significant quantities of food intolerance

think there could be potential for a trade at this point for some - not for me as i won't trade stocks unless i think they have secure future. like you i question this on odx

crober - if you are not interested then why log in? rather than try to dictate who and what people can post. no one put a gun to your head

if the posts are not to your taste - why don't you lead by example and post some amazing insight or research you have done?

"Ukraine just has to keep inflicting massive losses on them and then financial cost will do the rest. Russia is not a rich country and its got massive costs to cover. Economics wins more wars than soldiers in the end."

whilst i agree in theory..the issue is that the russian mentality is pretty stubborn. war has increased putin's popularity and it is most likely being viewed by enough as a ideological war of Russia v west and the liberation of russians in ukraine against nazi extremism.
i don't see how russia can be seen to lose on this? which could drag it on the more the west does supply ukraine with the means to fight.
biden is laughing in his indirect war on russia until the last ukrainian remains

"it is also a question of how much the European/USA financial support of Ukraine will be tolerated by their respective populations, in the face of recession and inflationary pressures brought about by the war."

totally agree. however it will take stones to speak up against the likes of boris "altruistically "donating money and weapons to ukraine - to allow him to posture on the world stage.
think we have some way to go- as people are not realising what is coming

Caley ..at the time I made a lot of excuses for it...I know there were some on here calling them out for it ...but I wanted to believe in odx...tried to excuse any negative with the promise of the big contract.

Few months later and I joked that calamity Colin didn't get the memo to sell like everyone else...it may have been nearer the truth than I had imagined...maybe the rest of the directors knew the company and the contract limitations better than the clown king as I affectionately used to refer to him

Caley ..very good point on the directors sells. How much did they know or predict from info about the contract that sh were not privy to?

With time the actions look more and more dubious to put it politely

"Traderbuckie did you ramp odx for £2"

caley - a lot of us thought odx would fly through £2 - back in the day.
I even advised a friend to buy in when it was 90p....luckily colin released one of his infamous rns and i text her immediately don't do it. could you imagine having to try and explain 4p to her?

"Time will tell. 4p is NOT cheap and is not an opportunity for a company that cannot make any money and needs to keep getting its hat out for a whip round solely to survive."

it is a good point - until odx can prove it can sell product - and I don't mean the factory or part of their portfolio in a firesale because they cant afford it anymore - the question is "is 4p cheap?"
They need to start showing the market that it has got things very wrong

They will soon have one product type - they need to make it count and soon.

trader - i agree the gov will go after odx...why? because they can. the gov could never chase the money they wasted on chinese or turkish pony trap....but they can go after uk business and be "seen" to trying to claw back money. it is not right but it is what it is. I certainly hope odx legal advice is better than the one that failed to inform odx of the original gov contract end date etc.

Sound financial footing is director speech for got next year's salary. Thank you very much

Hashtag Choo Choo..all aboard multibaggrr express

"You know why i dont believe this hardship exists. Because my mates brother spent 10 years getting off his face on Mcat with his girlfriend and kid in the house. Neither worked because they claimed all sorts of benefits ,"

oh well that explains away world poverty then.....