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The covid things did rely on the government helping out but they chose to ignore and hamstring the entire UK industry in favour of their Chinese friends. The potential here is far better than the covid side but you need a bit of patience as the sales are into the medical industry and they take time to come around. Just sit and wait and don't expect massive sales one day after the RNS announcement. You don't sell a house and get the cash the next day as it takes time to go through the necessary channels.
Glad I'm not one of the new staff they have taken on at Littleport. I would be looking for another job right now.
and the 5 million making git 9.5 million in total. Definitely not a director or even all of them together ten fold. Maybe it is Bigjock selling off his holding.
it is too many for the directors to be selling!!!
They have taken on 2 new senior scientists at Omega this last 2 weeks.
This young fellow is happy to announce he is stating a new job with Omega Diagnostics. Lets hope they pay him in cash and not shares..
https://www.linkedin.com/search/results/all/?keywords=omega%20diagnostics&origin=RICH_QUERY_SUGGESTION&position=0&searchId=b166ade3-98ab-4063-8c09-4adea1104c9b&sid=Wau
job is being advertised for the Littleport site (No mention of Ely) paying in a year what the BoD earn in a month! Lets hope they are selling things to pay for them.
When you purchase a house does it all go through in one week? Not usually so the same will apply to sales here. They have approval and a product but now it is up to the buying committees to release the funds after the necessary further steps. This will include separate and additional quotes from other companies (even though it is a unique product that box has to be ticked to cover somebody's backside) . It takes time so just sit and wait as they go through the buying protocols and then it will happen. There are a lot of boxes to tick yet just to buy the thing.
ODX expects to report a 41% increase in revenues to £12.3m (2021: £8.7m)
The big word for me is: EXPECTS. Haven't we heard similar before?
I expect I will maybe a millionaire from AIM trading but don't be surprised if I am not!
Says it all to me.
To put it into context, many private companies have a higher turnover with much lower BOD salary costs. For me two big issues are: no salary cuts by directors and no share buying by directors especially at such low prices. They have put out some percentage increases figures to hide bad results . As another poster noted they seem focused on maintaining their salaries rather than building the company back in the short term.
I still keep up with here but glad I sold all my shares at a big loss but better than the major loss it could had been. This BOD needs to be accountable to the law for what they did. I would love to have access to their emails over the past 2 years, especially when they sold at 92p.