Member Info for Computer909

@ErrHum : “ Large events might have 100,000 people at them”

https://www.statista.com/statistics/268576/clubs-of-the-english-premier-league-by-average-attendance/

@junior2020: we dont know which test will get selected, if you look at the S&S figures from the Avacta and Mologic tests they are very close to each other especially at low viral loads, the Mologic test has the advantage of giving a result in 10 mins compared to 30mins, which for testing large quantities of people attending events in stadiums could be an important factor

https://www.bbc.co.uk/iplayer/episode/m000vt6k/bbc-weekend-news-late-news-02052021

Interview starts at 22:30

The 10% figure was quoted by Melvin Benn the festival organiser on the BBC weekend news yesterday, you can view it on iplayer

“All ticket holders had to take a supervised lateral flow test at one of four testing centres in the city the day before, and were only allowed in if the test was negative”

“They were also strongly encouraged to take more sensitive PCR tests on the day of the show and to do so again five days later, on Friday. That will be crucial to working out whether there was any spread of the virus.”

The whole point of the experiment was so we are more informed when we look to open up other events, we wait to see the findings

“Re 500 Heard it on the news last night think it was BBC cause MOTD followed”

The promoter of the event was interviewed on the news and said they had around 10% (approx 300 people) that had failed the test and had their ticket money returned. Interestingly there were only 1500 ish officially reported cases on that day in the whole uk

“How come innova..or the Chinese manufacturers were so ready to supply billions of tests...?”

For the same reason the western economies collapsed and china now owns £146B worth of uk leading companies

Forewarned is Forearmed

@Okehurst1: “if we are manufacturing 2M of cassettes a werk then we know we may be generating up to £15M a month revenue”

If we are generating £15m revenue a month do you not think that would be price sensitive news the company should release, when you consider the total reported revenue for last year was £9.7m?

Lets see what the actual S&S figures the Avacta test achieves when its brought to market, if you look in detail at the results they are pretty much the same, and it could come down to the difference between a 20min or 10min result time

I did not the difference in the headlines from the mologic tweet (100% specificity and 96.4%), to the ODX Rns headline figures (97.8 / 98.4), once again ODX succeeded in raining on their own parade

"hence why the exercise price is only 4p"

4p is the nominal value of the ODX share not the exercised price.

@Rob_: The numbers involved in the RNS are not the issue, its the timing and the constant share options that all add up to a poor sentiment

Remember these shares being issued as an incentive to the staff for a job well done, are all dilutions, yes small amounts but even a dripping tap will eventually fill the bucket (or should we say trough)

@SkyMonkey : "Constant Reassurance"

If you needed that in this share you are defo not going to get it, ODX are experts not saying a lot with the most words possible.

BingBongClucker : The certainly aren't performance related are they ?

@Rob_ : 33 RNS announcing the Exercise of options in the last 12 months, when we are a 'Global Diagnostics Company" in the midst of a pandemic and we made a full year loss, Rewards and incentives for what exactly?

Couldnt make it up ..

MIDOX: If you take your head out of your arse perhaps you will wake up and smell something other than the crap you keep shovelling.

Abc-19 Antibody test, ramped the crap out of that, expected to be used alongside vaccinations
Visitect Antibody test, not sold any worth mentioning, i suggest you take the time to ask the Comercial director where you can buy one from, he cant even tell you that and directs you to the ABC-19 test instead.
Elisa Antibody test, expected to sell massively into India until we realised we couldnt compete on price in that market
Visitect Antigen test: we await the actual sales figures.

With regards to reading and interpreting RNS data, i suggest you take some time to go back over the numerous RNS's released since May 2020, and actually look at how may of the companies expectations have come true.

@Jholder: "We’re they not able to take orders pre launch?"

Unfortunately we have heard this too many times from ODX, their expectation of sales never seems to materialise, every time we get a test launched they dangle the expectation of major orders and have yet to deliver a single order exceeding 175K tests.

So it looks like we could have actually have been "Delivering 2M tests a week in April", but unfortunately it appears those test were repackaged Innova tests, Is that really what the jewel of the UK Diagnostics industry has been reduced to, repackaging cheap chinese tests to support the UK governments desire to hide the source from its people and abuse the NHS trusted brand, at least we know now why there was a minimum value placed on the DHSC contract.

It appears that Santa Colin has recruited a few elfs to wrap innova christmas presents, sure wasnt the present i was expecting.

So they will argue their tweets in february were accurate, but how many of those delivered tests were wholly manufactured in Alva, not many i suspect.

Also worrying is the comment regarding what is holding up the DHSC test selection, waiting for a test that can get home use approval, does that sound a familiar story, MHRA approval?

I honestly thought that the Mologic Antigen test would push us over £1, now i'm not even sure it can get us to the 80s

@John2015: "Do they have any idea of how a business should be run ?"

Simple answer no, Colin has spent weeks pumping the 2M capacity and 250 staff narrative, but nothing has gone to the timescale he was hoping, the silence is becoming a little comfortable, its like a school kid hiding at the back of the class because he hasn't done his homework on time and hoping the teacher doesn't notice him.

@Porky: Novacyt test has not been approved by PHE either !