Member Info for Flashy500

HarveyF: "I don't use twitter so have no idea, but I wonder if one of the reasons they have recently changed their twitter account is to 'lose' a few of the inaccuracies of the past! I assume it's not like here where everything posted is there for life?"

I actually downloaded oll their tweets yesterday using https://www.vicinitas.io/ - all in a nice spreadsheet. Colin and his ilk can neither run nor hide!!!

CalderK: I take it you think 'lapse' is too polite a term? I'm not yet willing to saying we were told stright up lies, though evidence for that seems to be growing. Thanks.

Although Computer - could they not have writtne that as a legitimate expectation of having hte capacity installed by that time? Cheers.

Thansk Computer - more ammunition!!!

Sorry Kate who are you referring to? Thanks

Yes I think so. I'm still puzzled by how they could ever promise to deliver 2m LFTs in April when they were still only on stage 1 of the contract though - that is, I think, a very severe lapse of communication to shareholders. Cheers.

Twatcher:
Whilst I agree there are many questions about the comms with ODX and the DHSC contract, I'm not sure your point is valid in this.
For the FOI it reads: "Phase two required the company having an approved test for manufacture. Unfortunately neither
company has an approved test to date and have been unable to move to phase two."
But it doesn't explicitly say this means it's been cancelled or expired.

Bigbangs - no problem - I'm a bit grouchy after this week. Hope I wasn't blocked as it's good to get alternate views. Cheers.

Bigbangs: I'm saying I think there is potentially a case akin to a 'stock drop' in the US. I have actually spoken to a senior corporate advisor who works at a city law firm in the last few weeks about ODX's behaviour and it's certainly not so clear cut as you seem to think. Furthermore, on the ADVFN board, the user NXC is David Evans, a former Chairman at ODX, who has previously stated: (08th May 2021)

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"ODX need to stop using Twitter.
They need to clarify via RNS any situation that needs clarification - my view is that they have dug themselves a hole courtesy of their inappropriate use of Twitter and should rectify this before they dig a bigger hole."

And before that on the 03rd May 2021:
"I just think Twatter is a minefield when you are a public company as a medium to communicate with your Stakeholders - Tesla demonstrated the pitfalls of using Twatter to release "news" I think some of the statements on Twitter sail far too close to the wind as far as ODX is concerned - I understand the temptation to use it in order to fill an information vacuum but they should know better - it just needs one complaint to FCA/AIM from a disgruntled investor who has acted on one of the (for example) game changer tweets and the Company and the Board will be in the crapper."

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So forgive my response at my answering your sarcastic comment with facts son, but it seems to me you're the sort of person who gets used to picking up the soap in the prison shower. Other people do something about it.

Tomfoolery aside, the question is: If a shareholder action group is set up to force change at ODX, would you be willing to be a part of it? Thanks and have a good evening.

Bigbangs: "I can’t explain it to even my satisfaction from this viewpoint but tweets are not legally binding, they believed it was true at the time. Things changed."
- I agree I can't explain why they tweeted a certain delivery before the contract was signed. In my view that is completely unacceptable for a company where you have share buyers/sellers. And Twitter is a source of market information by the company and I believe companies have been prosecuted previously for 'ramping' on Twitter. I don't see that what ODX did in Feb'March is any different - in fact I think Finncap would alos be culpable as their Nomad. Cheers.

Sneaky - I had exactly the same email as well. Thurs 25.11.21 at 14.33. Cheers.

Bigbangs:
Can you then please explain to me how ODX put out 2 Tweets in Feb/March this year that said: "We will deliver 2m LFT per week in April."
This was also BEFORE the contract with DHSC had been signed! I think that is absolutely wrong for them to have done.

It's in the contract thtat they permission I believe (from memory). However I don't know if the contract states that if the contract expires we can then use it. My view is (unless I've missed something) that we still need permission to use it. The RNS last night that "have access to govt backed machinery" isn't clear if this is confirming permission - and I have already drafted an email to wallybrook asking for what that term actually means. Thanks.

Hi Maninpink - do we have a source for that please? I haven't seen it in an RNS unless I've missed it . . .
Thanks.

ODX need permission to use them I think. Cheers.

I think Colin will be out by the end of January (with his options). When I saw the presentation on Thurs the first thing that struck me was how he looked - he didn't look too good if I'm honest. As others have pointed out, this Chris chap has come in to replace CEOs in previous companies and in fact ODX will probably be profitable in the next stage of results anyhow (DAM contract). BUT that's not enough to shore up the price to the mid-50s where we want to be again - that will require new contracts in my view.

Good points Twatcher.
I think the ODX Twitter account does need looking at as it seems obvious now there were genuine untruths / massive exagerations told on it.
I also think the rampers and detractors of anyone with a different view on this board need to step back and look at themselves and way "how did we get this wrong?" as that's important for them to hone their skills for the future, and to better deal with critiscm.
I know you had an altercation with BJ - and he was out of order definitely. He needs to re-examine the way he deals with people - especially when he's under stress as I suspect he's deeply under water and likely on borrowed money.
Your best point is one I absolutely share though: What CEO would have kept dealing with him when he behaved like that? Wallybrook should have also highlighted this as it created a gap in their comms management about how the company was perceived - although I use the word 'management' in this sense very, very lightly and with no small sense of black humour.

DSAF: "I would suspect he's at home, with his wife and children not worrying about what a muppet is posting about him on LSE."
I think it more likely he's digesting the shell shock news of his investment and is struggling to comprehend how he read the situation so erroneously. He's surfaced on Twitter today but not in ODX. At the end of the day, he put himself in a position where he was passing on news to a wider audience and that has probably led to people staying in who would otherwise have sold (much like ODX's tweets did to me). I don't blame him at all as I think he was acting in a way he believed was useful, (and I checked his identity with Wall Brook to make sure he was someone who had a relationship with Colin).
My personal opinion of him: someone a bit naive and young to be doing what he did and who now needs to lick his wounds, re-evaluate his actions, and get a bit more maturity in his dealings with others - I'm sorry to say his language didn't work in his favour at all. I am glad he's tweeted again - at least it shows he's alive. Cheers.

I always thought it was inappropriate to say the least. There was one interview where there was some confirmation of information that until then had only been suspected, though I can't off the top of my head recall what that was. To me, it smacks of the inexperience of the CEO and how he lacks communication skills. He should have politely told BJ to stop re-broadcasting his message, and instead opted for Twitter or for even a 'progress update' on an RNS. It was obvious to all in the ast year that goals were not being met, so part of the CEOs job IS to manage shareholder expectations. You don't do that through back channels where the messenger is a young 25 year old chap who can come across as aggressive (I do hope he's OK thought as I suspect he's lost money he borrowed - I don't know that but he was topping up all the time so he might be in an unfortunate situation). You do do it by clearly phrased comms either by RNS or by even Twitter. Take the latest tweet from ODX, last night: "We have access to govt machinery." I mean what does that mean? Can we use it for our own production now? As investors, we haven't had the communications clarity we need to make proper decisions frankly. So I think Colin has failed in his duty to us in that sense, let alone the others.

Bought in with the money I sold on Monday. Hoping we'll get a few authorisations in the next 2 weeks which should give us a bit more confidence.