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New people coming into a multi-billion pound market, well thats a f***king surprise Donkey, there was i thinking we were the only company making a covid test !

He clearly hasn't got a bloody clue what is going on

Developed at such speed, I just spat my Coffee over the screen !!!!

Bingo !!! Mumble, Mumble, "Not within our Control", Mumble, Mumble

Oh FY23 is the transformational year !

Did he actually say "We are really pleased" F***K me !!

Jesus Christ he now wants to buy a lab in the States, guess who he will expect to pay for that ?

China Partner has over stocked, I'm surprised Donkey hasn't given them their money back, sale or return

Congratulations Donkey you have taken £11M and maintained pre-pandemic levels, Absolute Muppet !!!

Perhaps one of our illustrious members of parliament will query the governments support for the UK diagnostics industry in PMQ today

or perhaps they are all a little pre-occupied with their second jobs or lying on the beach in the Bahamas !

@TraderBuckie: "but it is the Covid Wave that is the main driver and they can still make headway with their products in this sector"

Whilst i agree there is still the possibility to recover some headway with the Covid "Opportunity" they appear to have no handle whatsoever on regulatory approvals that is the biggest issue for me that Donkey needs to address this afternoon

continued ...

Question 8:
With the government confirming last month they have a LFT stock of in excess of 320M test, do you honestly expect any substantial orders to come from the DHSC in the next calendar year? , is it not now clear (if not previously) that the DHSC contract with ODX is a farce worth nothing close to the reported value, and definitely nothing to drive the expected 'transformational" growth you eluded to in previous communications.

Question 9:
On the 12th July 2021, Jo Churchill in a written answer to parliament stated:

"The Government continues to explore different operating models to make best use of the capacity created in the United Kingdom diagnostics manufacturing industry. There are a number of ongoing conversations between Global Access Diagnostics, Omega and third party test developers which we hope will provide opportunities to further increase UK manufacturing output of lateral flow tests."

Over 4 months since this statement, what exactly has the progress been with regards to Omega revenue stream from the DHSC contract. (Please do not mention ongoing dialogue, it is disrespectful to the long term shareholders)

@Dibs61: These are a selection of questions i have already posted for tonights presentation, i suspect all we will get is mumble, mumble, mumble though...

Question 1:
With what has gone on with the Company over the last 18 months, missed deadlines, disastrous business decisions, unmet deliverables and a period of shambolic operations, Does Colin King think he deserves the continued backing of the Omega shareholders, does he feel his track record warrants remaining in the role of CEO, or has he considered stepping down for the good of the company that has become the laughing stock of the AIM market.

Question 2:
With a reported capacity to produce 2M tests per week since April, and only recent confirmed orders for approx 200K tests to DAM, What exactly have the 200+ reported staff been doing for the last 6 months

Question 3:
Omega's reputation in the market has been eroded by the company's poor results and investor communications, how can the company attract Institutional investors when the market sentiment and the sentiment of the current private investor base is so low.

Question 4:
What are the company doing to address the history of poor market communications that have taken place over the last 18 months. With every market announcement made by the company investors have to now decide what the company has not said rather than looking at what they have. The latest example being the DAM announcement being made on the day the company's test loses its regulator approval to supply to a large proportion of the DAM business.
Question 5:
What logical reason can the company have for signing an exclusivity agreement with DAM for the professional use test that has no minimum order quantities, when historical figures for DAM seems to indicate they are in a position to utilise only a very small fraction of the Omega manufacturing capacity

Question 6:
As stated many times by the company. and in-particular in last year's placing document the Covid pandemic should have been a massive opportunity for a diagnostics company, in reality poor decisions and continual failures have meant that the company has failed to take advantage of any of these opportunities. How can the BoD hold their heads up in the presence of the shareholders here today.

Question 7:
If the company fails to commercialise any of the covid opportunities will they need further help from its investors in the next calender year, if so looking at the recent placing results from another diagnostics company that boasted much and delivered little with regards to Covid revenue, Gendrive, does the company expect a similar 40% discount to be necessary in order to attract investors, noting that even with the discount at that level the company failed to attract the full investment they needed.

I have always said that that the DHSC contract was worthless, but this is actually worst than worthless it has cost us money.

I have also said before that Donkey King was an out and out liar, and the differences between their twitter feed and official communications has been criminal. (I note that they have blocked replies on twitter now, in a bid to push their heads further into the sand and hide from the s h i t storm)

With the SP below 30p they cant take their options in January, so i suspect there will be a concerted push from the company to get back there before that time

£200K+ a year for Donkey King, and £300K+ a year for that idiot chairman !!!

These absolute idiots have taken £11M investment, the biggest ever global demand for a companies product and turned it into a bloody loss, but still have the nerve to post on twitter "we're pleased to announce ....", what bloody planet are they living on.

There is only one question for tonights presentation: "Colin, Why are you still in a job?"

The only games that get played with ODX is frustration !

or Colin's favourite

https://www.theworks.co.uk/p/strategy-games/would-i-lie-to-you-2nd-edition-board-game/5060004970773.html?CAWELAID=720011340002920396&gclid=EAIaIQobChMI9eTYk7Sv9AIV2uFRCh0VNQmyEAQYBCABEgIzKPD_BwE

@Wadogara: ....we still have over 4 months in which our game changing contract...

We have gone from ...

2nd March 2021
“We look forward with confidence that the coming year ahead will be truly transformational for Omega."

15th September
“we are optimistic that these will conclude successfully and positively impact on our H2 performance.”

Full year, Half Year, now 4 months, what next, 1 month, two weeks, 24 hours left for Donkey King to transform the company revenue.

"posting articles from Feb '21"

Yes like an RNS about a manufacturing contract with the DHSC worth £374M. which stated

"DHSC contract is expected to have a significant impact on the future performance of the business and whilst volumes are unquantified at this stage it is likely to result in substantial revenue growth in the financial year beginning 1 April 2021."

Absolutely hilarious !!!!

"I think we have a decent chance we will hear we have cleared CTDA ‘in clinic ‘ professional use.""

They don't even have any idea as to the timeframe they are looking at, its a non-sensical situation that multi-million pound companies have no clue as to when such a critical piece of the jigsaw will become available. There is no commitment from the regulator to deal with authorisation requests in any supplied time.

Sweepstake for Thursday?

Revenue to Date ?
Profit/Loss to Date?

Number of times to mention
"Out of our Control"
"Dependent of DHSC"
"Waiting"
"Constructive Dialogue"
"Transformational?

"how a company with a so called agreement with the government for a contract of £375 million has a share price at 43p"

You also have to remember the 20% share of the UK-RTC manufacturing agreement, 2 screw-ups out of 2 !