Member Info for Computer909

Unless you are saying we end up with a share price of 2.5p

ABDX placing @25p current shareprice @18p (23% of shares in placing) - 28% below pricing
GDR placing @25p current shareprice @19.5p (37.9% of shares in placing) - 22% below pricing

Its not ridiculous to think that if ODX places at 5p for £5M then the SP could be 5p really quickly.

Shal1000: A 50% discount to 5p will see the shareprice fall to meet that price if not below (as per ABDX) , so that’s 50% reduction for current shareholders, then a 33% share dilution on top of that,

You do the sums, we can just hope this is bull

If the are guilty of touting for cash already, whilst issuing the most recent RNS, then the Chairman we have to go, his position would be untenable

“existing shareholders will own 33% of the equity “

Well at the moment this bunch of charlatans that call themselves directors of this shi tshow are looking to arrive at the next AGM with every shareholder having taken a beating and wanting their balls on a platter, but a £5m @5p from a few IIS will swing that balance in the BOD favour and 66% of the equity will then be in more comfortable hands, once again the PIs get burnt and the insiders and IIs cash in

"We are almost into a new month"

Time since we were told EU regulator engagement was started

234 days
33 weeks and 3 days
64.11% of a common year (365 days)

Another day, week, month, year, its all the same to ODX

"share price drops they are then exposed to a cheeky bid"

And Chris Lea was very proud of he previous experience with selling off his employer !

"Who authorised the Tesla tweet late on a Friday night?"

Walbrook have stated the tweet came from ODX, at that time Kieron was responsible for investor relations/communications

1+1 = Kieron cashing in and running away as fast as he could.

Anybody asked Walbrook when we will hear from Jag and got a response ?

"Already on a witch hunt it's only been a week"

Make no mistake Jag has a lot to answer for, as Commercial director he was responsible for basically NOT commercialising the covid-19 opportunity, it was only recently he jump ship from that weight around his neck to the Food Tech side of the company, and landed the sh itshow on Jon Bannisters lap.

The guys reputation with the shareholders is rock bottom even before he was made CEO, and has made no effort to even attempt to address that situation.

@Thinkin: "The BOD needs a full investigation into its mis information and Twitter pump and dump scam "

In June 2021,I reported ODX's activity around twitter to the FCA, in particular the move from always talking with regards to capacity, then moving to "we will deliver" before the PDMR dump, and then back to "capacity" again, Also the Tesla tweet, and the continued misleading of the market around capacity figures and timescales.

Whilst they acknowledged the complaint and later confirmed it had been passed to the Market Integrity Unit for investigation, clearly nothing came from it, (other than Omega's twitter account clamming up)

This is AIM, it's the wild west, little if no regulation is applied much more than lip service.

I think ODX has been a learning experience for most PIs on who/what to trust with regards facts and news being presented by some unscrupulous company officials.

"the lft market could be huge in the future."

In the june 2020 placing, ODX told us they were taking cash in order to progress with a TB and Meningitis test, neither of which have been mentioned since, all the cash has been wasted as well as 18month, so once again they would be well behind where they should be.

They were blinded with the DHSC contract and took their eye of everything else, apart that is from a bit of insider trading when they saw the opportunity.

@avastar: "ODX would of course cry foul, DHSC took the equipment from them to donate to a competitor. As has been done to death on here they could have been asked to manufacture any number of tests over the past year and anyway their own test is pending CE marking for self-test."

Have you missed what actually went on ? Mologic failed PD, no other test owner was willing to license to the DHSC,(Because they we happy to pay over the odds for test supplies), so what exactly was the DHSC supposed to "ask" ODX to manufacture, they couldn't secure a test !!!

The bottom line is that ODX should have been all over the Mologic/Visitect failure at PD like their lives depended on it (because it did!), but they were happy to "not be involved" and were gullible enough to believe the DHSC could secure the IP for a test.

"Donating the equipment to Surescreen would open up such a toxic can of worms surely even the hamfisted DHSC Whitehall clowns would flinch from that."

And realistically the only company that would call foul on "State aid" if the DHSC donated the equipment to Surescreen would be ABDX, and with them currently on the other side of just such a case how would that look for them.

Without the Mologic / Visitect test being approved for Self use, it makes no sense for the DHSC not to give the equipment to Surescreen and look to reduce their per-test cost by recovering a charge.

"Donating the equipment to Surescreen would open up such a toxic can of worms surely even the hamfisted DHSC Whitehall clowns would flinch from that."

So rather than,

"We originally boosted three UK companies with equipment, but two couldn't get a test to manufacture, so we have concentrated our efforts on the one company that can deliver, and we will purchase from this government supported UK diagnostics company until the end of the need."

You think

"We originally boosted three UK companies with equipment, but two couldn't get a test to manufacture, so we have sold £17M of equipment for £1"

Sounds a better narrative from the DHSC?

"HE WAS PUSHED..............."

I am sure he was pushed, but i don't think by the Chairman or anyone else on the senior management team, My opinion is the pressure from his investors was too much for him.

I know that i was copying large sections of posts from here on a daily basis to him, trying to spur him into some action, and twitter was no less cutting on their comments.

The guy was a useless idiot who lied through his teeth, and wasn't sharp enough to deal with the sharks at the DHSC, and that combination ended up with the ODX shareholders getting burnt.

Looks like Jag hasn't got a plan either,(or that plan seems to be hide and hope it goes away), all the ODX management team are not really PLC management material, they are small town kids that tried to mix it with the big boys and got an almighty slap for their (or our) trouble.

"Donate it to China?"

its appears that Surescreen will be the prime candidate to become the UK's long term supplier of Covid-19 antigen test, more than likely they are prepping a corner of their massive new premises to take the equipment from ODX and GAD.

"The Chairman has probably needed Jag’s vote help to kick Colin and the non exec director hence we didn’t go to the market."

I don't think Donkey was pushed, i think he bailed due to the pressure.

Not sure Jag will be making much of an impact, and looks to be hiding from the sh itshow that ODX has become. perhaps he's waiting for some good news, but if we have learnt anything from ODX in the last 2 years its that good news seems to be few and far between when it has to be backed with some substance.

Realistically I think most were hoping to hear from the new man, that he was steadying the ship.

i) Actions to address the regulator delays (and not simply "its out of our control")
ii) Actions to address the DHSC demand for £2M
iii) Actions to address the company spend and reduce overheads
iv) Actions to force the DHSC to remove their equipment or pay through the nose for ODX to house it
v) Actions to address the shareholder sentiment (perhaps sacking Wallbrook)
vi) Actually recognise the issues that have taken place with the company in the last 2 years and set out a plan to address
v) Any commercial progress on any front?

But we get silence other than telling us that they are off to Dubai for a jolly.

Somewhere back in Jan 2020 they must have had a plan to push the SP close to 30p (based on the EMI options targets for Donkey, Kieron and Jag), so let's dust that off and take a look at his proposals.

Sajid Javid is as low as they come, slithering around alongside BoJo and the rest of this government, when it comes to corruption.

This wannabe Chancellor, is the hatchet man for the privatisation of the NHS

https://www.thenational.scot/news/19732674.report-reveals-sajid-javids-links-private-health-sector/

and now he starts to funnel cash from the NHS budget to private hospitals

https://www.theguardian.com/society/2022/jan/13/sajid-javid-nhs-england-private-hospitals-omicron

@jubblylane: The big issue with ODX hasn't been the PI rampers/derampers, its been the company itself, Just plain lies and half-truths put out via twitter, when we now know everything was turning to sh it, Most people understand that people posting on twitter or message boards have their own opinions, but when the company releases news, most expect it to be true and accurate.

Realistically any company that puts out "This April we will deliver 2M tests a week" and then delivers none, should be subject to multiple criminal investigations, I was surprised the Donkey lasted as long as he did, Kieron took his cash and ran, and Wallbrook should never be allowed to operate again.

Two Hundred and Thirty Two days !!!