Member Info for Computer909

232 days since ODX informed us on the 8th June 2021

"Omega announces that it has begun the process of engagement with its European Notified Body seeking CE marking of the VISITECT® COVID-19 Antigen test, a rapid point-of-care diagnostic test for the detection of active COVID-19 infections as a self-test."

And that was 6 months after Mologic had received its CE mark for the test.

So what the hell has happened ?

The role of the CEO

https://executiverecruitment.co.uk/chief-executive-officer-ceo-job-description/#:~:text=Chief%20Executive%20Officer%20(CEO)%20Purpose,as%20setting%20its%20overall%20vision.&text=Within%20this%20role%2C%20the%20CEO,product%20development%2C%20logistics%20and%20marketing.

"Communicating, on behalf of the company, with shareholders, government entities, and the public"
"Developing fresh ideas for the running of the company.

Looks very much like Jag has been schooled in leadership by the Donkey !

Bugger Up Bethnell is as corrupt as they come

https://questions-statements.parliament.uk/written-questions/detail/2021-11-19/78414

In bed with Randox, together with John Bell

@Maximillian3: "China simply cannot cope with demand"

Unfortunately for the UK diagnostics industry this and similar articles are most likely to have been driven by the government itself , so they can continue to justify their shady emergency purchases on the basis of "Global shortages" rather than following due process.

"and provided investment in capital equipment and facilities expansion at three UK manufacturing companies?."

https://atamis-1928.cloudforce.com/sfc/p/#0O000000rwim/a/4J000000kGWF/r6IZcQe9syh4ZG0xns783ALda6NOsCOYeodrO0HjEcE

7.1 The Authority shall:
7.1.1 provide the Machinery and Tooling to the Supplier as set out in the Award Form, Schedule 2 (Specification), Schedule 3 (Commercial Model) and Schedule 35 (Lease Terms);

So Surescreen got Machinery and Tooling supplied by the government also, It looks more and more like the failure of the Mologic test to pass PHE was the nail in the Coffin for ODX and GAD. Donkey King an the BoD (including Jag) would have surely known that !

"and provided investment in capital equipment and facilities expansion at three UK manufacturing companies?."

Three?, not just ODX and GAD, so again we assume this is Surescreen, but where is the awards notifications and transparency docs?

https://questions-statements.parliament.uk/written-questions/detail/2022-01-04/96746

"19 January 2022
In October 2020, the Government commissioned work to support the United Kingdom’s diagnostic industry, to secure a lateral flow antigen test and increase domestic production capacity. The UK Make programme delivered two clinically validated and regulatory approved UK lateral flow antigen tests? and provided investment in capital equipment and facilities expansion at three UK manufacturing companies?. Over 100 million tests were produced for deployment by the UK Health Security Agency and production capacity of lateral flow antigen test increased by 3,500%. The first UK-made self-test lateral flow device is currently due to be deployed in January 2022. The UK Make programme has also increased capacity and resilience for current and future public health challenges?."

"The UK Make programme delivered two clinically validated and regulatory approved UK lateral flow antigen tests?"

two approved tests, Surescreen and ?

@CaptainSwag: My thoughts are they will be happy to supply them until they reduce the amount they have in storage (they wouldn't want to be accused of poor procurement processes if they are left with hundreds of millions in storage), with them ordering 300+ million in january. I think june will be the cutoff unless everything goes tits up and we get another wave.

"i did predict june as end of free tests"

BoJo mumbled today in PMQs, free LFTs will continue whilst necessary

"Sp has fallen back owing to the rumours that Bojo has been earmarked as ceo for his next challenge!"

At least there would be a good party, or should we say work meeting !

"Regardless what the RNS said this morning (it was a little ambigious too), this is AIM and companies raise on AIM."

True, but what it did, is tell us (if you believe them) that they weren't actually actively working on the placing, i think many thought that they were (me being one of them), and were presented with the dilemma of to sell before the likely placing or hold for the approvals news, as of yesterday both were equally likely to happen, now we think the approvals news will hopefully arrive before the placing is forced on them.

Hopefully it looks to have stemmed the daily 5% fall pattern, at least in the short term.

Regulator approvals in quick time, will give us a little more confidence that Jag can push it along a little, some sales contracts would be better still !

These figures shouldn't come as a surprise to anyone, we know their recent 6 monthly cash burn has been around £2.8M

https://www.investormeetcompany.com/investor/meeting/interim-results-22/presentation (Page 18)

I for one got the impression that Chris Lea was surprised at that spend, and was confident in reducing it in the next half year.

That's two of the three parties responsible for "Te****ate" that have now left (Kieron - Investor relations director, Donkey - CEO, One left dancing with a pocket full of cash, the other booted out with his head low), for me the best thing Jag could do to increase investor relations would be to bin off Wallbrook, although Walbrook are the poundland of PR so binning them off would come at a cost.

Most important thing is that Donkey going has hopefully stemmed the constant investor exit, and we hope that others will now just hang in a little longer to see if Jag can steady the ship.

We do however need the regulator situation sorted by the end of January or it could all be too little too late.

"Like all growth companies....."

They are taking the pi ss aren't they ?

Lets also not forget that they supplied ABC-19 tests to the DHSC through Abingdon and didn't get paid for them (yet!)

For the DHSC contract negotiators dealing with ODX it must have been like taking candy from a baby.

And the DAM contract doesn't look to be much better, if any.

"Good afternoon all you experts out there, what could ODX had done different"

How about starting the regulator engagement at Christmas 2020 when Mologic received their CE mark, rather than waiting until June 2021 to start.

How about reading the contract before signing and actually understanding that having been burnt once by the DHSC then a minimum order would have been the sensible approach.

How about ensuring he wasn't spending ODX money on provisioning DHSC capacity they had no commitment to use.

How about when there was a reported global shortage of LFT manufacturing capacity securing more that a little cassetting and pouching contract with Surescreen and Orient Gene, that barely covered the cost of the exercise.

How about not misleading the market with "This April we will deliver 2M test per week", when they had no chance of doing so, even to the extent that the DHSC contract didn't require the capacity to be in place until the end of May, let alone "April"

How about not drunkenly tweeting don't order a Tesla, because the contract is actually ****e

How about not spending millions on Elisa and Screen4 (remember them !) which never sold a single test.

How about not wasting money on the Visitect Antibody test, that never sold a single test.

Do you need me to go on ?

"We'll be at Medlab Middle East, Dubai 24 - 27th January 2022. Visit us on stand Z5.A10 where we will be co-exhibiting with our Middle Eastern distributor, Babirus Medical Equipment Trading LLC."

https://www.babirus.ae/personalized-medicine/

Babirus LLC don't even offer the Visitect brand, on only offer the food intolerance products

'We'll be at Medlab Middle East, Dubai 24 - 27th January 2022.'

Medlabme 2022 diamond/strategic partners Roche and Abbott

"If ODX are reading these post please give some news!!"

I've taken to sending Donkey a selection of the most active threads on here daily now, so he can read between Ticktok swipes, I'm sure he has filtered me, but you should do so also.

"Seems as if he’s happy now to watch the SP drop into an abyss!"

Will suit him down to the ground in sleepy Alva !

@TradesIn: "and why would you jump in at 10p placing when it likely fall to 8/9p! After the 40p placing I could have bought on the open market for 38/39p"

Most investors that were hoping to see a medium/long term return on an investment would prefer to take shares in the placing rather on the open market, in order for the cash to support the company. (in the hope the cash injection would achieve what the company raised for), rather than just go into the market.

ODX however have achieved only two of the stated goals for the 2020 placing, that being paying off the overdraft and spending operating capital, Medium term investors that took part in the 40p placing are now 75% in the hole, so not sure many would look to back the idiots once more, so any placing without news will be at such a discount that the IIs can take the lot and offload as soon as possible, making their 10-15%, that discount will need to be 40% plus from what we saw with GDR.