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Totally agree
Why take up share offer if you can buy now pretty much the same price in the open market.
the raise was not designed to enhance shareholders value or work for the best interest of the shareholders. this is one of the worse, most obvious rinse and repeat jobs in AIM.
Jag the coward, has anyone seen him
how long has he been in the job now? only time anyone heard from him is when he was shaf*ingPI with a raise
VOTE NO on the 7th of March
Make sure you have downloaded your proxy form if not attending in person to provide to your broker
it can take up to 7 days, Most brokers required signed copies so i suggest sending (via signed for mail) and emailing you broker with you Proxy form
As OKE stated, we the shareholders are in control, the board can't vote us down, only we the Shareholders can let this get away from us
thanks OKE,
Shows our OSAG is not just talk and we can deliver change, small win for us as LTH but first of many.
Again everyone, start sending your proxy forms today, tomorrow but definitely this week and VOTE NO
Link to ODX website to get proxy form
https://www.omegadx.com/Investor-Relations/Corporate-Information
It is very frustrating that I have to send another form to my broker but this convoluted attempts to stifle our objective will not work. I told you i and members of the OSAG will not be deterred
So finally got the ODX business to listen after my call with Walbrrok this morning
They have just added their proxy form for voting to their website
link HERE:
https://www.omegadx.com/Portals/0/175689%20Project%20Fenland%20-%20Proxy%20%28As%20Printed%29.pdf
Thanks
Really glad more people are actually seeing the value in Voting No.
If any one needs helping in vote, i am happy to help
keep up the momentum and it will be easy to beat the proposed resolutions.
Shareholders new and old will be heard
OKEhurst,
I understand people want to make money and do what they did, fine, but as LTH shareholders, we have also got to get up and fight for our share value and not give it away, we have hundreds of members in our OSAG group now and honestly some of the peoples lives have been ruined by the BOD lives,
I will continue to fight for them and every other shareholder that has been hurt,
I think education is key, some people here are new to trading ( i won't call aim investing) and just need to be guided on how to vote, thats fine, no one is born with this knowledge
I have shared approach here and on my twitter @JafTrades
There was some distrust signing up to the OSAG (fine i understand) but now this requirement to VOTE is with your broker directly and not the action Group, so people should have less reservation or concern about giving your information, your broker will already have your personal details, you are only providing them instructions.
and to everyone stating that the company will go bust, no it won't, if the resolution fails, i see a serious short squeeze and should push this price much higher, then they have to buy back their shares on the open market. It will hopefully bring the BoD to realise they are being held to account and this type of behaviour will not be tolerated.
It's also very sad to see people laughing at people being hurt by this share, everyone hold your head up and stand up for your hard earn money. Aim is littered with badly run BoD, the BoD only get away with it because shareholders don't stand up for themselves
OkEhurst, Thank You finally somebody gets it,. The Placing is all for the benefit of the institutions and not the shareholders
Shareholders selling down has not helped themselves, if you really want this to go up then Voting against the resolutions will force the the markets to cover their naked shorts.
The BoD don't, they hold barely anything
Shareholders need to take action, Each broker is different so process will be different, I have posted a letter for people to use as a template,
Get on the phone to your broker and understand the process
average broker takes 5-7 days to process your proxy vote, so there is enough time to get your vote counted if you do it this week
I have amended it now to make it easier to just be sent off
Please send this to your brooker
for IG
You can send the above details and physically signed proxy form via email to corporate.actions@ig.com or via post to:
Corporate Actions Department
IG Markets Limited
Cannon Bridge House
25 Dowgate Hill
London
EC4R 2YA
For HL Brooker
"If you wish to attend a meeting and vote you can be appointed as a proxy by Hargreaves Lansdown Nominees Limited and attend and vote in respect of your holding held on your behalf by Hargreaves Lansdown Nominees Limited. A request to be appointed proxy can be sent to Hargreaves Lansdown by secure message or post. Please note, 5 business days' notice in advance of the date of the meeting is required in order to vote/attend. Alternatively, if you wish to vote without attending the meeting you can send (by secure message or post) a voting instruction to Hargreaves Lansdown and your vote will be forwarded to the company."
Proxy vote letter to copy and paste
"Dear {INSERT BROKER NAME},
Please accept this form as my formal request to act as my proxy for the up coming AGM to be held by Omega Diagnostic Group PLC (ODX) on the 7th of March 2022 at 11am
As stated in the Omega Diagnostic PLC Circular dated 11th February 2022 (Page 59 of the Circular) proxy form should be available from www.euroclear.com.
Below is the Electronic Proxy form available from Euroclear.com:
Link: https://my.euroclear.com/dam/EUI/Public/Legal%20documentation/Other/electronic-proxy-voting.pdf
Electronic Proxy Form:
I, {INSERT NAME HERE}, hereby appoint {INSERT BROKER NAME}, my Broker as my proxy to vote in my name and on my behalf at the general meeting of the company to be held on 7th March 2022 at 11 am, and at any adjournment thereof. This form is to be used in respect of the resolutions mentioned below as follows:
Ordinary Resolution No 1: Vote against
Resolution No 2: Vote against
Signed this ………….day of …………….2022"
The form wording to send to your Broker in the meantime until i have a response from Walbrook PR
"“…………………………………PLC/Limited
I/We,……………………………………………….., of …………………………
……………………………………………………………, being a member/members
of the above-named company, hereby appoint……………………of
…………………..as my/our proxy to vote in my/our name [s] and on my/our behalf
at the general meeting of the company to be held on ………………………………20
[-] …, and at any adjournment thereof.
This form is to be used in respect of the resolutions mentioned below as follows:
Resolution No 1 * for * against
Resolution No 2 * for * against
* Strike out whichever is not desired
Unless otherwise instructed, the proxy may vote as he thinks fit or abstain from
voting.
1
These words were substituted for “An instrument appointing”.
2
These words were substituted for “instrument appointing”.
Signed this ………….day of …………….20 [--]” "
So guys I have got off the phone to Walbrook PR and advised that their Proxy voting link (www.euroclear/crest) does not work and the individual also agreed it does not work
I am waiting for a response to get their proxy voting form to provide to my broker
In the meantime
if you go to following link
https://my.euroclear.com/globalsearch.html?q=proxy%20voting&offset=0&f.facet_documenttype=page&f.facet_documenttype=asset
and on the right hand side you will see "Electron Proxy voting..."
Page 7 provide a form. we can use this in the meantime to make sure that our effort to proxy vote has been logged
There are Barriers that OSAG have to overcome that ODX has deliberately put in front of the group to block our effort, efforts to cartel our resolutions being tabled, thats fine but what we can do is VOTE NO to the placing and bring them back to the table.
Take away their freedom to do as they please when they please
Understand how to vote, and collectively we can succeed, even if you don't join the group you can still send them a message, Just VOTE NO,
We may have to accept they the business does need a raise but 77% or thereabouts dilution is a non negotiable for our members and LTH shareholders. The BoD can not continue with a lifestyle company with no accountablility.
We want change of leadership, clear direction and alignment to shareholders interest.
For all those that have never had to vote in AGM or EGM, to vote down a resolution if you are not attending, call your broker and they should provide you with a form to fill in for a proxy vote.
Make sure you do this and ensure your vote is counted in a timely manner, could have tight deadline, make sure you call your broker or email them TODAY to understand their process.
Support the OSAG by responding to Walbrook directly per the instructions given by AIMissionery on twitter but more importantly make sure you know how to make your vote count by understanding the process.
OkeHurst, the action groups demands are simple
Vote no to placing
Replace Jag,
Replace chairman
Replace Walbrook
Cancel Share options and align boards incentive to share holders interest and not reward failure. I have suggested 40p.
The board can not be trusted, they lie through their teeth,
At bare minimum people must vote No to the placing otherwise we are selling the company diluted by over 70%
Link is on twitter just incase it does not allow it from this page, otherwise the missing part is "*************"
not an endorsement but just explains where your angry should be focused rather than other people
I think it is worth listening to TW podcast,
https://www.*************.com/views/60665/a-free-to-access-podcast-from-tom-winnifrith-for-shareholders-in-omega-diagnostics
Only people to blame is the company and it's management team, as i have shouted this many many times.
AImissionary will be sending out instructions today on showing support in the EGM which i have been campaigning for over the last few weeks and AImissionary has been doing for the last 3 months.
We need one voice and we need to be heard.
Join the Action Group if you want any chance of making an impact. The company lied to everyone of us
Just for the record i think the fincapp valuation is absolute bull, people calling 3p or even 2p i think are sensible but do your research. I think if you want an indicator when to buy seriously, buy when the directors buy some serious position. I think my cat has a bigger position then the board has as a collective
I want to offer some advice to LTH. Today you will feel like Sh*t and you just seen your saving disappear. Remember if you feel low and helpless you have family who rely on you, you have your house, a home and food on the table. You have love from your partner, your family and for those who are lucky enough have kids, love from you children which is unconditionally.
Today is my sons 6th birthday, it took every strength in my body to bottle my feelings and put a smile on my face and take him to school, it's going to take more when i pick him up and make sure he has a beautiful day to remember.
My advise to you all is
1) switch off, you can't change what has happened
2) reflect on what you have not what you have lost
3) Please Please do not REVENGE trade, it will barely ever work. You need a week or two to absorb the situation and recalibrate your focus.
Anyone wants to talk, hit me on twitter @jafTrades and I'll be happy to listen
best of Luck to everyone
Head up TWatcher,
i'm double your loss, makes me sick to my stomach but looking at fincap valuation, in 2024 i will still have to take a 50% loss if i want to get out
Finncap Valuation excludes covid business, but by the looks of it ODX pretty much given up on it as well
I agree Barnetpeter, I've seen this many times
on one hand i wish they get the placing over and done with
on the other hand it will create such a churn for such a long time that any rises will be sold into and we wont see real material share rise for some time
rumour of £7m is crazy amount when CEO hasn't even shown his face since taking over
we have to take action together
we have to vote him out
Clearly there was a reason for the sell off other day
I think this may be the reason not placing although placing rumour is not helping
"Omega remain in the review process under CTDA regulations, which were introduced on 1 November 2021. Further field study data has been recently requested. Omega is seeking this information from external parties but this may not be available prior to the current extended deadline for submission of 10 February 2022."
tomorrow we will know if they have submitted the the requested data but have already said they will not be able too. we can hope for some positive.
Marik,
I am not aware of a rumour regarding placing, has there been another leak or our we still referring to the TM article
If we are referring to the TM article about placing around 5p (£5m) then ODX RNS'd that yes they had gone around asking for placing, why they need cash is beyond me as in the same RNS they stated that they have "Significant cash..."
As i said before, they are horrible at writing RNS's. As i read that RNS, they pretty much confirmed that they will do a placing but when the market is more favourable but it will be at a discount (still no explanation as to why we need the money). They need to RNS that they no longer going to carryout the placing to bring back shareholders confidence or "we" as a collective need to stop them through an EGM
the stupidity of the company board makes my blood boil, they will issue themselves with heavy discounted share options soon before they get their act together ( i pray and i really really hope I am wrong)
if there is another rumour, please point in the correct direction.
I think most LTH are seriously underwater and still need this to go up significantly to make any raise worth getting happy about. I called the GAP at 7p few weeks back when i stated that there is a GAP in the daily chart at 12p which is the target i had to average down, which i did but i would have averaged down at 7p but the placing RNS took away all my confidence.
Just to be clear, i agree that ODX has some great asset portfolio, i believe that the company is easily worth more than todays Market cap, my opinion is 27p minimum. however the company is run by imbeciles hence the action group initiative.
Let ODX management show their hand, and we will decide what the next steps are.