RE: ODX presentation25 Feb 2022 11:19
take away from presentation - it was very much as expected.
the question is why employ so many staff for so long when they were doing absolutely nothing? that is why they had a huge cash burn. it was not "operational" expenses as nothing was being produced or sold.
twitter pumpers were delighted with 250+ staff....car park with 50 cars and lights on after 7pm.
so many staff should never have been taken on - and they wont get the dhsc to pay for their incompetence. i strongly suspect that they will need to pay back some of that pre production payment as nothing was produced. how can the gov expect to pay for something they did not get?
a question when did they realise they could not compete with chinese prices? really?
bit like selling a first order to the chinese of food intolerance test and then expecting repeat business? what world do these jokers live in? just look on amazon / ebay for gawds sake
the obvious thing was to get their higher quality but more expensive test to market quickly or secure a gov contract. although having a product early doors they wasted so much time before applying for eu approval. why on earth they bothered with pro use in usa for lft never made any sense? opportunity was lost while they were sitting on their harris casing their free options in. they didn't waste time there.
no strategy and no common sense.
no sales team for covid - well we know why the big launch was a non event.
govt contract that was as one sided as could be - no minimum? short expiry date that they were not aware of until after expired
the fact that they could talk of bonuses when the company needs a placing to keep their salaries just about sums it up, complete lack of empathy with share holders.
covid stocks are pretty much untouchable at this time for anyone not already at a huge loss and hoping or averaging down.
the liquidity will dry up just as the bod want to dilute more than a homeopathic medicine.
contrary to their marik definition of "new" it is the same bod flogging the same portfolio without a clue.
we are to believe they don't need money and there is a massive improvement in sales (well compared to a pandemic year where they sold nothing) but they still need cash or else......
i am afraid there is nothing to see here. dead men walking
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