RE: New advice for NHS testing with lft's07 Jul 2021 08:30
Unfortunately this isn't "innova on the way out" its simply the planned move of the NHS away from the decentralised distribution of the LFT tests that they could pick up on site, to the centralised NHS test and trace website request for their staff
They are basically saying use up any that have already been distributed to site before requesting more.
@Wadoraga: "We only need demand for 1 million LFTs per week to satisfy govt"
And that comes back to your previous post regarding the oversupply of the Innova test, (and abbott and orient gene). If the numbers are correct we wont see a demand this year based on the current usage let alone any diminished demand based on the "everyone can catch it" approach the government are looking to move to.
One thing is certain that now the government have given them away for free, there will be little or no appetite to pay for them by anyone in the uk if it isn't going to gain them anything
@Lth73: "Unless the self isolation gets dropped for doubly jabbed people"
Today's announcement means just that for close contacts that have been doubly jabbed, if you mean for people that have symptoms and are tested positive but are double jabbed, there is no way the government can drop self isolation in this case when we know they can still spread the virus
@Wadogara: "Or..you could say,Colin was just being honest"
There are a number of facts that we know now that clearly show Mr King was being economical with the truth around the time that they signed the DHSC contract, The two weeks around mid February marked a distinct change in the message coming out of ODX compared to before and after that period. Its personal choice as to whether you think the misinformation was intentional or just Colin getting carried away, but either way he's in a position that means he should have known what he was doing.
"The Options issued to Colin King, Kieron Harbinson and Jag Grewal contain an additional performance condition which states the Option shall not be capable of being exercised unless and until the middle-market quotation of a Share is equal or greater than 30p at any time on or after the second anniversary of the Grant Date, after which the Option may then be exercised in whole or in part in accordance with the Rules of the Plan as if no further Performance Condition applied."
"both the company and the Government have led us on"
Well officially if you read both the governments and ODX press releases they have always stated the contract was to ensure capacity, nothing more. When the post-mortem comes the government will point us towards the official press release
and Colin will point to his dampening of the contract announcement when he warned the value of the contract should not be used to calculate its likely worth, in order to justify the situation and stay in a job.
But even with the dampening to put this statement out in February via RNS
"...but the Group expects that this supply contract will lead to significant volumes of tests being delivered over the coming weeks and months. Utilisation of our weekly production capacity for the supply of antigen tests under the 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."
whilst a large proportion of the directors were offloading, and then for us to arrive at 51p five months later, Colin can't really hide from that, with most things ODX you can be forgiven for trying to read between the lines and getting it wrong but this statement, coupled with the we will "deliver 2M tests per week this April" is plain english ramping to a criminal degree.
@Sonnets: Very conspicuous by his absence, I have only ever contacted him a couple of times, once regarding purchasing the Visitect Antibody test, and he basically said they would recommend the Abc-19 test instead and directed me to Abingdon, and the most recent was to enquire as to distributors for the Visitect Antigen test, i'm still waiting for that response, but it was only two months ago so no rush i would think !