Member Info for Computer909

Don't give them the steam of your pi ss, when it comes to the EGM vote, vote against it without the BoD being culled

Anyone who thinks that this is still an investable company needs to take time to go back over the details of the past years RNS and twitter announcements.

They have spent the last two years banging on as to how they are a manufacturing company and are working to this or that amount of capacity, and they are test agnostic and can manufacture any test, a truly flexible "LFT manufacturing titan", now they say the will look at outsourcing manufacturing, have you ever heard anything so ludicrous, a manufacturing company that outsources manufacturing. This BoD have taken us for mugs for years and are still at it,

The CD4 test will obviously now be made in china (well at least the first batch before they copy it), but have they investigated how that will play with the CHAI and WHO agreements they have in place, i expect not.

"Lansdown Strategic Capital, I believe, have a few cards up their sleeves"

Who the hell do you think set this stellar deal in motion?, More brown envelopes of Chinese cash in our friends pockets

The naivety of this BoD has been unbelievable.

This about sums up how corrupt the ODX board of directors have been over the last 20 months:

Thu, 10th Feb 2022 13:33: "there is no certainty at this time that any such fundraise will proceed
"Fri, 11th Feb 2022 07:00 : "announces that it has signed a conditional sale and purchase agreement
"Fri, 11th Feb 2022 07:00: "announces that it has raised gross proceeds of £5.0 million via a Placing and Subscription of 100,000,000 new ordinary shares"

Less than 18 hours between the statements !!!

And finCapp think that is acceptable ?

This has all been about shafting the existing shareholders, whilst keeping their own pay packets stuffed.

Looks like the pit of vipers that is the BoD was being held off by Colin, and since he has gone its just been a free for all.

All this time without any approvals, over 14months from first CE mark anouncement by mologic, and 12days after they supposedly get eu approval they do this sh it, even if they do get any antigen orders now, a TT to a manufacturing partner will take months again (I cant see Mologic allowing OrientGene to manufacture the visitect test). They may as well have come out and ripped the bandage off and state they were dropping the Covid side of the business, but again they try and twist the narrative.

So OrientGene can manufacture in the UK with the same equipment and the same staff, and make a profit but the Jewel of the UK diagnostics industry can't?

Firesale ? Jag and Chris Lea have poured petrol on the shareholders and stood there laughing whilst they pis sed all over us.

And they expect us to accept them staying in their roles ?

@marik: "when is your prediction for the it's a done deal?"

God knows, based on the recent performance of the ODX team, they probably want to drive the boot into the shareholders a couple of times more, before they actually secure the cash, so we can expect...

Still looking , still working on it, still offering a discount

Busy, Busy Busy, what a busy bunch of bees we are !

Lets be brutally honest, if the conditions didnt affect the lifestyle of the BoD it would have been a done deal already

@marik: "I'm on free ride, you already know that."

Well most of the LTH have been taken for a ride, so you will excuse our scepticism on your blind wittering !

@Marik : "I once "forward sold" my Grandma...."

Well who would have guessed you would sell your Grandma for a quick buck !

@Marik, I for one never claimed the placing was contingent on anything, we as usual are left wonder what the hell the ODX RNS actually said.

Myself i think the conditions were more about reducing overheads and streamlining operations than any sale of Alva etc.

Also will be about keeping the BoD in the manner they have become accustomed to, very little else

"In my next post, I will explain in simpler terms anyone who still doesn't get it."

Out comes the magic pencil and paper !!!

I Wonder what the Donkey is thinking at the moment ?

"Shareholder approval hasn’t been secured"

Unfortunately this is AIM, all they have to do is insinuate that without the placing the company can no longer operate as a going concern, an hey presto everyone left holding is forced to approve it or kiss the little they have left goodbye !

"What probably is a problem for them is they need further cash to fulfill the obligations of an upcoming contract they have in the bag imo which they have been very careful to keep quiet about "

I think we have heard the NDA story too many times now to actually believe ODX have anything on the order book

@Marik : "Some valuable insight:" for you from the ODX LTHs

https://www.youtube.com/watch?v=mlpYAaS2Efc&ab_channel=fenix182

"when Covid wasn’t heard of!"

I'm sure most of us are wishing we had never heard of Omega Diagnostics !

"announce purchase of machines (and therefore increased production capacity"

Unless its accompanied with the signed minimum numbers contract for actually using the machines, then we don't want it.

I think most ODX shareholders have had it up to their necks with "Capacity" that just sits there doing nothing and costs us money !

"Anybody know how i can reach out to him? "

I think you have to stand in front of a mirror and chant his name three times for him to appear !

"It's looking like they need this funding for working capital"

If there was anything substantial on the horizon, the banks wouldn't have laughed Chris Lea out of town when he asked for an overdraft extension. This cash is just about paying their inflated wages for the foreseeable, will be very interested to see the placing doc though !

"we can now sell our VISITECT® COVID-19 Antigen"

What we can do and what they actually do is a very different thing for ODX !

"We look forward to being able to update the market on the progress made"

Is the standard line they have rolled out time and time again, i'm still waiting to hear from the special commercial launch of the Antigen test, that warranted a special RNS all of its own.

Commercial launch what a joke, a barrow in the car park is the extent of Jags commercial launches!

"18 months and £11 million pounds later and still we wait"

Don't forget the £2M of taxpayers money they have had as well

https://www.youtube.com/watch?v=QCui-UrNCME