Member Info for CaptainSwag

Turtle - the other difference is that any shares got through open offer rather than buying in the market dilute the whole issue.

The company need to learn to make enough money to survive without constantly penalising existing lth who gave been faithful

"it will go with closer to 10 mil, its cost them around 6mil to develop and they will want that money for it and charities etc will want it"

ask yourself how much they spent on Alva and how much they got for it when they sold it? i will give you a clue - a lot less......

The thing odx has been making a loss of £300k per month...so they are desperate to sell and quickly.

I am sure some company can make money off cd4 test ..but then they would also be shrewd enough to get the best deal off odx as possible.

I am going to go on record and say my guess is that any offer to odx for cd4 will be under £3m...and that is being very generous

Freddie ..not sure how you know whether buys or sells in reality ? As it is deliberately muddled for ordinary punters.

The only real known fact is the sp which is shown as 3.4p to buy....bit even that needs an online quote to confirm.

At this price hard to see anyone taking up open offer - unless odx do some serious pumping. In addition the bucket shop flippers will be looking dump asap

Choo Choo...or is that boom boom!

Reggie's waiting for Thursday ...Ctda Thursday or else he will be on s gold command call to all his buddies

Sorry trade..mea culpa!

Don't even know where Alva is but you can blame me...I did it.. all of it...

Roxy..the only worry is that war creates a lot of profit for some. Bidens £33b will go into someone's pocket whilst the tax payer foots the bill.
Another thing a lot of people are ignoring is that Ukraine will have to be rebuilt...who will pay? You and me as Boris feels good by sending funds to Ukraine after funding further destruction.

We are going to have the mother of all recessions and every day our leaders posture on the world stage and encourage it the more we will eventually suffer.

The west is happy to give Putin a bloody nose and weaken him...with Joe bloggs picking up the tab as our energy and food prices sky rocket.

I hate to say it but i think support for cities we can't pronounce would very quickly evaporate if people really knew what the future personal costs will be

Carley..don't worry I haven't lost the plot. Water of a ducks back. Totally understand people who are heavily under water losing it...but needs to be directed at the culprits...odx directors.

Besides do you really think someone who has to have a pop behind the safety of a key oard will say boo to a goose in real life ?

Kara..you are a very brave boy behind that big plastic keyboard...guess it is the only time you can abuse someone without any consequences..

5-0...don't forget £1.2m of the placing is earmarked for cd4 divestment. So should they make £3m for a product that currently generates losses of £300k per month ..there will only be a profit of £1.8m.

The open offer prob will not generate much interest unless a serious pump by the company starts. If it does go above 4p you will have a lot of the bucket shop flippers selling and also the possibility of shorting based on the warrants issued for free.

In my opinion it will be hard to sustain any so rise for quite some time. Worst case scenario not before they place again.....

Freddie.
Odx need to take responsibility for Colin signing a very poor contract with his crayons. Yes the gov could have done more for UK companies v Chinese competition. However odx could see abdx and ncyt already had problems and so should have been more on the ball

In any case..they should have gone for CE mark much earlier...done proper paperwork so it was not sent back a number of times and made sure they had the necessary data.

The issue is that they signed a gov contract they did not understand and sat back thinking they did not have to do any more work.. they now laughingly say they got distracted so could not work on other products.

It is funny how they always can complete the work when it comes to placings...bet this forms go through perfectly first time and on time

"it's only fact when it happens TB.... in the meantime your last post reads *******s"

Haha..Freddie are you a friend of marik?
It is already a fact that the gov are pursuing the pre production payment. They have asked for it back

It is odx who say they don't believe they will have to pay it back. ..and as we know contracts are not their strongest subject on mastermind

Personally I think odx don't have leg to stand on as they never produced anything -Having read the contract in detail ..

The gov will also want to do their best to claw money back....as they frittered billions abroad and UK companies are an easy target

part of the deal on selling the placing was that the placees get warrants.
without the additional sweetner of warrants they would not have had takers for the placing

"Who’s going to buy the warrants? "

the warrants have already been issued to the placees. as a sweetner to get the placing over the line.

they don't have to buy them but if the SP goes above 4p - which is what existing LTH are expecting/hoping then they have the option of buying at making an immediate profit if they can sell above 4p

freddie - ultimately it will depend on odx selling their products (in usa?) in a way they have never sold before. I have said all along trying to sell to the chinese is not going to work. If they can do this then there is always a chance. it is a good product in a new an very interesting field.the price point needs a health conscious affluent demographic. my question mark is as ever odx ability to sell. it is a big old country and needs an aggressive sales strategy.

the dilution will slow any potential recovery - and the placees and warrant holders will no doubt just want profit on their cash and so sell out asap - creating a large overhang. this will need to be worked through before any serious rise in SP. i suspect odx will try to pump the share as they may want future placings. however they are out of favour and it may need time for the dust to settle.

i wish you well with your odx stake

Actually it is quite a cute move by odx. I think there was a limit on how much they could place without shareholder approval.

Seems they got round this by placing 50,000 but doing warrants of 90,000!!!

So anytime the SP goes above 4p potential for huge additional dilution

If only they were as shrewd in their contract dealings and sales department...they would not be in this mess..

Anyway just a brief pop in ...time for a beer!

As far as I understand warrants give the option for a person to by at a specific price. Let's say 4p

Now if the price rose to 6p they could then buy shares at a discount (33%). Firstly this dilutes the current share total. Dilution is not good for sp. Secondly they would probably want to sell and make instant profit. So now you have the potential for a lot of selling which is not good for sp

Now the really nasty thing is that it allows someone to short the stock say at 6p knowing that they have the insurance of covering themselves with the warrants in the worse case scenario.

Warrants are great for the people getting issued them...not for ordinary holders.

The fact that they needed to issue warrants to get placing away prob tells you all you need to know

Problem is every time DA speaks the SP goes down.

Not sure why you want 21st to come?

oke - it shocked me too. I do remember reading in my research that most diagnostic companies don't make a profit but to still be making a loss after so many years is quite a feat

going back through some RNS - they seem to survive on placings and selling bits of their portfolio.

hash tags trades today just got into double figures