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I urge everyone to keep pushing and encourage everyone to VOTE,
This is a distraction by the BoD, a last ditched attempt
The investor meeting is on the 24th after close of play
so if people decide to vote after it takes roughly 5 to 7 days for brokers to register your proxy votes. that's 5 -7 WORKING DAYS
24th of Feb is Thursday, so if you put your vote in via post it won't reach the broker until Monday at the earliest when the team comes back and opens letters and accept your vote, therefore, those brokers that require 5 days to process may get it in on time, those that require 7 days won't as the deadline set by Omega is 5th March at 11am which is a Saturday, typically a non working day.
your votes have to go in today, this is all deliberate and the BoD continue to manipulate shareholders. Lies and manipulation, lies and manipulation. Rinse and repeat
Please pass the message on to those that have not voted yet, encourage everyone to send electronic instructions to your broker
Well looks like they BoD are running scared now, they now know we have the numbers
We have spent a lot of time talking to fund managers to understand the landscape
I mentioned yesterday we had identified the bucket shops and no doubt they have now forced the BoD to come out of hiding
I said yesterday that we suspect that their is a naked short, many of you also agree and the placing is only their to cover their short,
This investor meeting is a distraction
It takes roughly 5-7 days to register your proxy vote with brokers
With Feb being a short they are deliberately trying to.run does the clock on support
Vote No today and if you change your mind after the obvious lies from the board on the 24th then it only takes a phone call to cancel.your vote
They lied about not having a placing and then only few days later we got hit with the biggest placing the business has ever seen. Look through the previous rns's, read the lies and then make your mind up.why they called this investor meeting
And no, it was Never planned
Thank you for everyones support
hi Brandonboy,
I would make the proxy "Halifax Share Dealing Limited" per their website,
I would also recommend you write your account number after your name as well
hope that helps
I have some investors who are with halifax, i am waiting on responses, this is best i can do with the information available to me
Instructions for Halifax holders to vote in ODX AGM
"If you want to give your corporate action instructions there are two options available to you:
Provide your instruction online or via the mobile banking app by signing in to your account and selecting ‘corporate actions’ in the right hand navigation then ‘notifications’ and choosing the relevant account.
Send your instruction by post to:
Halifax Share Dealing Limited
Lovell Park Road
Leeds
LS1 1NS"
Hi brandonboy
For Halifax please see below instructions
"What is a corporate action?
On occasion, some companies that you have invested in will propose an event that could affect your investment. The event is also known as corporate action.
In some cases you’ll be able to choose to participate and in other times it’ll be mandatory.
How do I respond to a corporate action?
To respond to the corporate action, you’ll need to sign in to your account and select ‘Corporate actions’ and then ‘Notifications’.
If you have any questions regarding corporate actions please read our FAQs as we’ve included the answers to the questions you ask us most. "
here is the link to follow the instructions on their site
https://www.halifax.co.uk/investing/help-and-guidance/existing-customer/what-is-a-corporate-action.html
I hope that helps
Brandonboy,
have you brought through broker?
if yes, then no, you will have to go through your broker
There you go Phantom25
You wanted to know how I know my vote will be counted
Picture uploaded to my twitter account @ jafTrades, confirmation by my broker, broker has recorded my vote
Method for ig account holders
Download proxy form from Omega Website
Sign it
Email it to corporate.actions@ig.com
Send physicals copy also
Corporate Actions department
IG Markets Limited
Cannon Bridge House
25 Dowgate Hill
London
EC4R 2YA
OkE,
Me also mate, not everyone is on social media and we need to make them aware and either support them to Vote or encourage them to vote.
Also I see alot of people don't know how to vote, education is a big part of this journey
Phantom25
You clearly never voted before.
Your broker acts on your behalf as per your instruction, hence the need to download proxy form and follow your broker's proxy voting process
Nothing wrong with not knowing how to do something, new shareholders need to be educated on how to be counted
Hope this helps
So OSAG has spent last few days reachinhg out to funds/fund managers and large investors to garner support on voting NO. We have a better understanding of the battle ground now.
Most larger PI support our effort which is excellent news
We also now have a better understanding of the funds (bucket shops) that will support the BoD for the fundraise.
We estimate that the BoD has roughly 20% support for the raise, we suspect that these bucket shops are the ones involved in the raise in the first instance and a vote Yes will give then everything they need to close out there naked shorts.
A vote No will mean they will have to buy in the open market and could mean share price has a twisted coil effect up.
My concern is not on what the share price could do, my concern here is the support the BoD has managed to secure
What it means, that there can't be any compliancy by shareholders
If you own shares in ODX, you have to Vote No. The board is relying on shareholders not voting to win. That is why knowing, what we now know, we have to push even harder
OSAG has had significant growth of support, we estimate we can push roughly 7% of the votes if all our members vote No, that means we need help for other shareholders outside our membership to also vote No
Even with 20% support for BoD, still leaves freefloat of 75 to 80% vote against them. Only way we can lose this vote is if shareholders do not vote
Please help ODX shareholders and encourage others to make the effort to vote.
We will shortly write what we now understand what the battle ground is for the vote
After spending the last 2 days reaching out to funds and having conversations we think we have a very clear idea who the bucket shop are and what % of the ODX BoD have secured in their favour.
I will let AIMissionary post first on twitter but will then advise what it means for us
Thanks for Voting Comp and anyone else with AJ Bell
I have sent off my Proxy form and my wife's via recorded deliver and sent emails to my broker
will chase for confirmation tomorrow or by Friday
VOTED NO!
I understand Chriszzr,
but one is conditional and the other is guaranteed
and your absolutely right about the paltry amount being invested, speaks volumes
Vote No,
The company will have to come to the table and work with shareholders rather then side lining us as they have done so far. Alva and covid was the drag on the company, the company BoD incompetency showed its ugly face and we got to see then for what they really are.
By voting yes, the only outcome is that you will get diluted and irrespective if the share price stays at 5p your voting power will become negligible
The BOD are playing you, me and every shareholder for a mug
They are positioning themselves with heavily heavily discounted shares
Jag currently has 236K shares, he should only be allowed to subscribed to (236K/9)*2 = 52K shares @5p = £2,600 roughly). so basically 52K shares at a value of Roughly £2,600, but NOOOOOO, he is actually allowed to subscribe to 400,000 shares.
reason is simple, they are abusing their position of power for self interest, rewarding themselves for failure
Can't Argue with your comments Stas20
The action group in all fairness has been going on since last year but i was not involved, AIMIssionery on twitter was leading it (and still is) but uptake was very slow. Like me and many many shareholders, we all had rose-coloured glasses and believed in the BoD,
but yes we have our self to blame for not seeing through the sh*T show, for believing the liesbut that does not mean we rollover and die
people will make mistakes in life, you have to get up and stand up for yourself
Voting against this proposal is first step in correcting our mistakes
So my theory on this is, based on what i have experience so far
The BoD created barriers for the OSAG so they can get this placing underway, it will heavily heavily dilute all our members and LTH
then they can get on with their pathetic life's and fleece the business for another few years
They are that deluded to think the LTH will accept a 70% plus dilution,
once we VOTE no, they will have no choice to come to the table, if they are sensible they would resign before they are kicked out
Exactly tuan6
how stupid do the BoD think shareholders are?
I am more insulting that they think we will allow this
heads need to roll and BoD needs to be replaced
Stas20,
That is exactly what we are doing via the OSAG,
AIMissionary has instructions up on twitter for shareholders to follow outside the OSAG group and we have sent emails to our members.
the frustration is the ODX and Walbrook have put up many barriers, Deliberate to stifle us. 4 weeks notice to tabled resolutions, passport copies to verify individuals etc etc. We are working with external parties to address barriers but still encouraging to continue emailing Walbroke with proof of holding and supporting our objectives
in the immediate term now our focus is to stop the placing, stop the ridiculous dilution for our members and LTH shareholders. It will force them to come to the table and we will start a meaning dialogue
@union,
Bat away your nonsense
Extract from Annual report on going concern
"Going concern
The directors have considered the principal risks and uncertainties
the Group faces taking account of the coronavirus pandemic.
While the impact of the pandemic in terms of length, severity and
disruption to business is not possible to forecast, it also represents
an ongoing opportunity for the business. The Group balance
sheet remains strong and the Directors remain comfortable that
the Group can survive significant reductions in base case forecasted
revenue for at least the period through to 31 July 2022 and have
sufficient cash resources in its downside scenario. The Directors
therefore continue to adopt the going concern basis in preparing
its consolidated financial statements"
Company has already stated that their is no immediate need for a raise
its making revenue of rough £12m expect FY, with rough 50% margin
Our biggest cost base at the moment is the covid side which they have really messed up
if raise is required then £3.2m working capital with no real plan is not acceptable at 5p
Agree with you captain that yes through the placing the money will go to the company. But again as you pointed out that the money, based on past performance will be wasted.
I don't trust the board and want to see a change at the top,
Jag has been in the role for a few weeks now and he has been hidden worse then Boris Johnson,
can everyone please check their fridges