@upomega: This is a government that can deny a contract ever existed, when they previously issued one and its available to see in black and white, and simply not pay the bill, case in point the Abingdon contract in October 2020. They have made it clear they don't give a ****e what anyone thinks
@wessley: What was actually said was “ability to supply tests produced within the UK remains a key priority for the DHSC“
It may look to by semantics, but in reality if you look at the DHSC/ODX contract is the difference between the pre-production phase we have completed already, and the full contract enactment to supply tests
"to potentially 5p or 10p as could happen here if this crash continues"
The threshold that will focus Colin King, Kieron Harbinson and Jag Grewal mind will be if this gets anywhere near 30p, at that level they will be all over the pump so as to maintain their share options due in Jan 2022.
Well if you look at the SP a week before the DHSC contract announcement we were in the 70's, so the contract value with regards to SP to date is -20p or looking at mcap reduction of £36M, Well thanks a lot UK government !
Share price 19th June 2020 - 54p, Share price today 55p, Colin King has added zero value to this business whist taking an £11M cash injection. His continued insistence to follow the UK governments rhetoric is amateurish to say the least. The DHSC contract is now obviously a lights on contract for ODX, and his lack of regulator engagement for the Visitect antigen tests in December (when it was CE marked by Mologic) is criminal and should cost him and Angela Robertson their jobs, and as for Jag Grewal our commerical director who the hell would miss him ?
From Monday 10 May, NHS Test and Trace are introducing a new type of LFD test called Orient Gene. These are for use at ATS in schools and colleges. These tests involve double nasal swab samples only – a throat sample is not needed. The Orient Gene devices return a positive or negative result in under 30 minutes.
Colin has to take at least some of the responsibility for the failure to "exploit" the Covid opportunity we were led to believe our illustrious BoD had identified.
Getting involved with this government has been catastrophic for all the companies involved in the UK-RTC, ABDX down more than 50%, ODX down 50%, BBI a take over target after existing for 50+ years. The idiot Bell led these companies into believing the need for antibody testing at the beginning of the pandemic would be huge and they have been crapped on by the government ever since, even last week a DHSC minister stated that there was no contract issued in October 2020 to Abingdon, and that was for the only Covid tests we have officially sold to date. It was clear that the real demand (£3.2B worth) was antigen, but Bell didn't disclose that at the time did he?
Fool me once, shame on you, fool me twice shame on me. So what does Colin do, he jumps back on board with the idiot Jim "Bugger up" Bethell, and his much trumpeted support for the uk diagnostics industry, and look how thats doing for us. The only winners out of the Antigen consortium are the management consultants paid to set it up.
Rather than recruiting more, there should be some serious culling going on at BoD level.
"This government plans to put its money where its mouth is"
The only place this government is looking to put our money, is into their (and their cronies) pockets, They are desperate to delay any public enquiry as by the time that rolls round Bojo, Han**** et all will all be long gone reaping the rewards of their lucrative corrupt control of the Uk governments spending in this pandemic.
RE: We losing money and still defending ODX18 Jun 2021 16:35
"there's absolutely nothing we can do....... Contsant moaning of the same carp will change nothing'
I thought we were told by the Company, that they were listening to Social media (Tesla Tweet) and acted on price movement based on incorrect information circulating on twitter, Or did they only mean when the price was going up?
RE: We losing money and still defending ODX18 Jun 2021 15:49
@sentinel85uk: If you look back to the period of Feb and March 2021, with what we know now it shows that the company communication was intentionally misleading, There was no way on earth they could have been in a position to deliver 2M tests a week in april, as we now know Colin only two days earlier had signed a commitment to the DHSC to have the capacity available by the end of May, and was still commenting on the commissioning work into the second week of may, and as we all know the test selection had not been made, and the estimated Tech Transfer time was 8-11 weeks, again in the contract Colin signed on the 12th february.