Member Info for Computer909

"But in the meantime odx could manufacture mologic test", without tech transfer being complete ?

@Trickeymatters, You didn't answer the question, if ODX have the facts in hand to state "We will deliver 2M LFT tests per week in April", then why haven't they shared those price sensitive facts with the market via RNS, Its always bull with ODX, "capacity", "delivering", yes, delivering what and for how much, and for how long?

@Trickymatters: So if we aren't delivering 2M test a week by April whats the consequence of a ramping set of tweets, nothing. How are you defining a successful diagnostics company, by the amount of loss it makes in a pandemic?

So how can ODX keep tweeting "2M Delivery in April" when we don't know what test and we don't know how long tech transfer will take and we don't know what the government will request, Surely if any of this is known it is price sensitive so we should hear, and if it isn't known then the tweets are incorrect ?

@bakky: because we have been a burnt by the government already this year as part of the UK-RTC, until we see the colour of their money and a signature on a contract with numbers on, can't be sure of anything.

@Russky: remember also we gave ODX the money to up its capacity in the placing last year, what have they achieved with that, paying off the overdraft and very little else.

@Russky, We have had this discussion, do try to keep up, ODX have stated they will announce any substantial orders via RNS, as yet the have not done so we can deduce there aren't any as yet, We have had "capacity" of some quantity since the start of the pandemic and have only reports the production of a grand total of 175K tests.

If you believe BigJock the DHSC equipment will be used only for that contract and will be located separated from the rest of ODX capacity, not sure ODX have ever stated in an RNS they will be producing 2M tests, i think they only stated the "Capacity"

@Sledgey121, Absolutely no affect what so ever

@JAdam, The CE/CA mark covers production and manufacturing process, they cant have achieved that whilst they are still installing equipment. (I am referring to the DHSC test)

@E_AL, I am sure we will make a few for the government some time in the future, whether its millions for months on end i'm not convinced, yes contract will be transformational for the company's operations, a profit of a couple of million fits into that category at the moment, but transformational for the mcap, not so sure any more. The government spent less than £20M on the production equipment, that can be written of as contingency at any time without anyone batting an eylid.

@E_AL, We cant produce what we don't have, the government don't have an approved test for us to produce yet, The test will require CE mark, so that could be anything from 4-14 weeks to achieve (or longer)

@JAdam, Should i clear a space under next years christmas tree?

"Everyone’s talking nonstop about LFTesting", shame we don't have one (antigen) to offer them.

Will have, could have, don't know when !

@Bushmaster

"We have no idea where the TT is, what the contract (s) ar, the value of the contract (s) the clients Omega are talking too outside of the UK Govm- We have no idea on their current/today stock volume, meetings with perspective clients outside the UK."

Thats exactly the point, we have no news from ODX, other than the same bull**** we have had for nearly a year on capacity, We do know they haven't got a test to offer possible customers that they may or may not be talking to, we do know they aren't on the EU or US recommended antigen test list.

Colin bumbles from one golden goose to the next and ends up dropping all the eggs, We already had one transformational year that ended in us posting a loss, with him chasing government contracts that don't actually amount to anything.

The ABC-19 test is a lemon, if they have been making thousands per week for the last month, (which i doubt) we are likely to see them in the bargin bucket at poundland or a carboot sale soon.

@pepesmint, "Such Poor research", how do you come to that statement, exactly what research has been poor?

"Ready - Test - Go"

We aren't ready, We don't have a test, and we are going nowhere fast

We need an update on the Mologic Tech Transfer now, at least we would have something to sell then

"people think virus is over with...", I dont think anyone is under that impression, the problem with ODX, is time to delivery, they are always behind the curve, government contract means nothing without a test available and confirmed figures. Mologic test is nowhere to be seen, who honestly believed that we would be nearly into march and still no sign of Tech Transfer complete, let alone CA/CE approval and actual sales, Will the government test take as long for TT, that could mean we are in Q3 before we have anything to provide under the DHSC contract, and then the government wont want them, does that sound a familiar story for ODX?

The issue is this morning it after yesterdays announcements, as expected the governments response is expected to result in the review of all measures by the end of june, that means possibly a time limiting factor for ODX to actually use some of the mythical capacity to meet government demand, whilst CK is always careful to not say anything regarding timelines for delivery that he can be held too, the market is just becoming aware of his smoke and mirrors bulls*** and need some actual facts and figures.

@Tecmuchin, we know that 3.4m secondary school kids will be tested twice a week from the 8th march, so that is 7m a week, big question is how long that will be maintained for, and this initial phase obviously wont be us (will be surescreen) as we dont have a test to supply as yet,