Member Info for CaptainSwag

So this news last summer would probably have rocketed the sp
As it is we are about 1p higher than where we were before the placing scoop.

Why ? It is good news.gdr doubled or something when they got theirs.

Trying to puzzle it out I can only think of this

1) is it the elephant in the room placing possibility
2) the market don't believe odx will be able to monetise
3) sentiment is so low in odx ...
4) the market is uncertain of COVID test future

Any more ideas ?

Rx..I believe they are allowed to sell. The bigger questions are will they and how much etc

Odx have a woeful history of selling anything. They do have an existing contract with dam...and I would be happy to have an exclusive with them in Spain where they have outlets. I hope odx don't give it for the whole of EU. At least Jag seems more shrewd than colin

There is a very nice earner in Greece where you can only go out to bars etc with a test.they issue 5 free a week for working days. But anything at the weekend has to be private at around 15 euros

Would be happy to tap into some of that

daz - actually i write for my own benefit. it allows me to vent having lost a lot of money here as well as puzzle things out. the market is a cess pit and you need to learn the ropes. nobody is forced to read my essays they can filter/skip etc. there are those that i skip as i know there will be nothing on the share itself - just other posters

odx has a good portfolio ..they also now have access to eu self test market which for a long time i have been saying is their best hope in terms of covid tests. there is potential if they can get their act together and actually start selling something!
i am in and have lost such a high percentage that it is not worth me selling...i will watch and l earn and hope for a recovery

marik - i will post one last reply to you because you keep mentioning me

i spent a lot of time previously explaining things you asked of me and yet when ever I asked something of you I got nowt in return
yesterday on a thread you told me to basically "do one" as you were "in discussion with computer." i was/am happy to do it .
possibly you were a tad hurt that i did not want to dm you privately as you asked earlier? was nothing personal. just the more i read from you i dont feel you will really offer me anything of value

anyway i will take your instruction and so will not engage with you anymore. tbh you strike me as someone who is happy to sponge off others but give nothing in return. that is fine but i am not interested.
tbh i find you a little arrogant and disingenuous as you constantly repeat the narrative you want others to believe even when proved wrong

my suspicion is that you are or are trying to set yourself up as one of those pro trader types on twitter

ps. this is not some sort of attempt to get back in to engaging with you - so i wont respond. but do feel free to have the last word and then please refrain from mentioning me again in attempts to get a response

"So they have cash market conditions arent favourable so why place. "

Omega can confirm that it currently has cash balances in excess of £2.5m and an undrawn overdraft facility of £2.0m. they are also in dispute with gov over the repayment of a £2.5m pre production payment,

having spent time reading the contract there are some areas that I could see where the dispute would arise from. there are also reasons why the gov might decide to pursue odx for it

in all likelihood neither party would want to go to court and so an agreement should be reached - which will quite probably cost ODX something. odx will prob want to keep gov doors open no matter how badly they feel they have been treated. so depends on how much both sides are willing to dig their heels in

if it goes to court personally i favour ODX to win

however it is in dispute and with the gov. if you have to pay you cant escape. and so the £2.5m should really be ringfenced for prudent accounting

i suspect the placing is to ensure the company definitely survives whatever happens in the next few months - and of course directors salaries are paid

Monday 31/1/22 RNS
notes the recent online speculation and confirms that it is in discussions with certain investors and shareholders regarding a potential equity fundraising.

hashtag rumour proven true

"why do people insist on calling the fund raising discussions a rumour, its like a head-in-sand scenario."

There is only one person who is continually repeating it as a "runour" no matter how many times I point out odx confirmed. I suspect they are trying the tactic of if you repeat a lie enough times then it will be perceived as the truth ..or else people will just get bored of calling it out

hashtag twitter pro trader types

RNS of 19/1/22
Further to recent speculation, Omega can confirm that it currently has cash balances in excess of £2.5m and an undrawn overdraft facility of £2.0m. Thus, there is no short term need to raise additional capital.

Friday 28/1/22 - scoop that ODX have been a seeking placement of 5 million for 5p all week

Monday 31/1/22 RNS
notes the recent online speculation and confirms that it is in discussions with certain investors and shareholders regarding a potential equity fundraising.

if your spidey senses are not tingling then be careful....

"They are also a very leaky ship."

indeed....
someone is going to no douubt post soon - "couldn't be - that would be against the regulations"!!..lol

"in the meantime that RNS this morning is the most clumsy and deliberate attempt to ramp the sp ahead of a placing I have ever seen."

Skeletor - that is my big fear too. we know from the scoop/ confirmation RNS that they have been discussing with other parties. so would seem just a question of what price and when. scoop suggested by the end of this week and conditions are much better than last week. will odx be able to resist?

what i am interested in is that there seems to be a definite shift to the RNS writing. is that a delib pump or have they decided to play the market game

5p sp to get funds was toooo low then and still is now

from memory the scoop said they were looking for 5 million at 5p- not that was what was offered. it may be that they were struggling to even get that.
today i suspect that would easily be obtainable. if not more

Just happy the sp is on the up

agreed prime. unfortunately the elephant in the room is the placing.

prime - you raise a good point about if they "knew". presumably if they knew last week they needed to inform by RNS

the scoop on the placing wrote that they were looking for 5 million at 5p. since odx has confirmed that the scoop was correct (and not a rumour) that discussions had taken place then i think it is reasonable to assume the details are correct

if they suspected the CE was imminent they have used this as leverage - however it is clear from the RNS that they were struggling to get a decent price...so either they didn;t know or the bucket shops were still not hugely interested

latino - no doubt DAM are one.

they can already sell pro test in a few of their branches abroad.
the issue is that i suspect dam will want another exclusive contract. and they only have exposure in spain as far as i am aware. so woulfd not be a good move to give this

i believe the conditional is because they self certified rather than when through an ENB

"Lovely rise the last few days"

we are only just above where we were before the placing scoop.
and still way down on where we were before jag yook over

however it is very good news . i have said all along eu is the market we can capitalise on. they need the extra data to complete CE and a selling strategy. one hopes that they had already been putting feelers out during the last 7 months and are not trying to do it from a standing start now.

CEBO - it was NEW

stas - i have liked your 10.34 post

in my opinion there is more probability of an rns on a placing being agreed than cancelled.

personally i would not be surprised if we hear this in the next week

if they were after 5 million at 5p they could easily get it now and have a good excuse for shareholders

stas - no you need to read the case. it was illegal because the placing did not occur. they did not get punished for forward selling. which you said was impossible - they got punished because they did not have the shares to buy back

as far as i am aware it is a common practice. obviously the only proof we hear about is when it goes wrong

hashtag not interested in scoring point just knowledge.....always be able to admit when wrong