Member Info for Computer909

@JHolder :

"RE: Contract Award07 May 2021 14:37
On award status it has full £374M not 50-374M I would take this as the full amount has been awarded."

Now we know who ordered a Tesla !

"but NOT to act as daily therapist" = Tesla tweet !

@pinksunshine: They wont pull out of the contract, why would they need to, they can just pay Omega the minimum to hold the capacity open, so they can draw on it if needed, excellent contract for DHSC, not a disaster for Omega because they get a margin of 18% for doing very little

Where can i buy a Visitect Antigen test from, anyone know of any distributors yet ?

@furey : I'm defo not here for the DHSC contract, its a lemon, said before Mologic Antigen sales should get us over £1, but can they get sales?

"demand outstrips supply for these beautiful little lft’s", have we sold any?

"COMPANY ARE SUPER CONFIDENT", Bod selling and the "tesla" tweet wreaks of confidence!

“£50m only at 18%” THATS HILARIOUS YOU SADDO, read the contract, two distinct phases, phase 1 is all we have commitment for, the standby capacity, hence the minimum value.

Beyond the two a week for school kids i don't think that will ever happen, unless something goes drastically wrong in the roadmap

@upomega: anyone in the uk can already get tests delivered by post if they want them

https://www.gov.uk/order-coronavirus-rapid-lateral-flow-tests

“One thing he has not done so far is to exercise and sell shsres“

Yes, have to give him that credit

@grant1987: Proven incorrect, please do elaborate?

"Not to mention keeping the underlying business going during this pandemic"

The only thing that has kept this business going in the pandemic has been the money raised in last years placing, which is a sad state of affairs for a diagnostics company when all its peers have increased their revenue many fold.

I know you look to have a soft spot for Colin, but look at his results, and now his half-truths are beginning to put him under pressure from all directions.

@upomega: with the best will in the world CD4 is not going anywhere until Covid is a distant memory, Food tech could take off but relying on china is always a risky business, they show little regards to patents and copyrights, at best the non-covid business supports an SP of 40-50p. Like it of not the fate of this company is hanging on the covid returns, and the HMG contract if we only get to phase 1, just isn't going to cut it £50M over 2 years with a margin of 18% is £4.5M profit a year, transformational when you consider it against a previous loss, but nothing to support the current mcap.

They have to sell the Visitect antigen in large numbers to make any traction, or obviously the UK pandemic roadmap falls apart and we do secure large production orders from the government.

This is purely my speculation, Visitect Antigen or bust.

ABDX mcap of £56M with targeted capacity of 3M a week by the end of 2021, or ODX mcap of £142M with a capacity of 1M (2M if you want to pay a commission of the second half), which acquisition looks more attractive to you ?

The only play for Omega is to secure some commercial sales outside of the HMG sh*tshow contract that Colin has got us into.

@upomega: What exactly to you think we have that Avacta would want that they haven't already secured from ADBX and Mologic/GAD

Colin has been banging on about 2M capacity by the end of april, that is actually contracted to be end of may, and half that capacity we cant use until a government who aren't in any hurry does or doesn't ask us to produces something, even when a test is selected we could have 8-11 weeks tech transfer and still no actual orders (This imo is the £50M minimum contract value that is the equivalent of the nightingale hospital, we just standby and wait, Phase 1 of the contract.)

The DHSC may deem it allowable for us to us that equipment to manufacture for other contracts if any actually exist, but they would want a slice of that pie as well, has Colin asked for that authorisation already and does he know what the payment to the government for the use of the machines would be, i hope he has, but i very much doubt it based on previous experience.

@megatro: “Currently being validated or evaluated"

Omega have said they aren’t involved in the evaluation of the test, unbelievably!

@wadogara: The guy has failed to deliver on anything he has eluded to, i say eluded as he’s very careful not to comit to anything, we do know for definte that they lied to us in February about what they would deliver in April, when they had the contract in hand that meant there was no way the could possibly deliver until the end of may. The guy survived on throwing scraps of information and promoting confusion and speculation.

What gave we actually learnt over the last week, simply that you cant trust Colin King as far as you can throw him, as each little bit of information becomes available its like peeling an onion of deceit, untruths and lies to get him and his cronies where they want to be, and screw everyone else

“I was expecting the drop to be a lot worse”

The daily grind of an ODX investor!

There is obviously the risk that the commissioned GAD/ODX capacity will be like the Nightingale hospitals, built and ready to go but eventually not needed and dismantled !

@Wallbrooke2021 : How did the trip to the Tesla showroom go over the weekend?