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Hi Dug
I really don’t see Burrows vision.
It all seems hap hazard to me. Everything seems to have been done wrong way round.
The costs of his strategy are being felt everyday.
The number of sales per day is no where near anything needed to break even.
Burrows has said they anticipate to be selling 1000 tests per month come the end of the year.
That is a huge number compared to the 60 being sold today, unless they are combining both tests in the 1000, which is then 120 as of today.
I still think they will need another placing as I don’t think they will get close to the number of sales & profit needed not to need another funding round.
Regular updates are needed to the number of sales,
They need to be good to raise the SP so the funding round uses a smaller number of shares.
If the market is informed that sales are not progressing as well as expected then the SP will tank. And the company will spiral into free fall and that’s a fact
I do not believe Oxford, Burrows are insider trading nor the nomads,
The problem is Burrows is misleading the markets and the nomads are not policing the RNS correctly
People are buying shares with their hard earned money on the back of what Burrows is saying and when it comes to it’s all lies and shareholders are loosing vast amounts of money while the BOD are being paid very good wages and it’s morally wrong on many points.
The nomads need to reel him in and look in the mirror themselves
Another fund raiding at the end of the year is almost inevitable
Hi Dug
I`m with you all the way. The nomads are here to police the rns, they have lawyers that over see the RNS to make sure its all above board.
This clearly as you say is not happening. The nomads are here to safeguard ourselves, This clearly is not happening and they must take responsibilty for that.
Burrows made it quite clear he wanted to fundraise without diluting shareholder value. Burrows new full well he couldnt do anything other than what hes done.
The fundraise will only keep the lights on until xmas and they will need another fund raise because sales will not match their ambitions.
Their own ego is the problem here, they can only sell the tests to private companies simply because the test is NOT VALIDATED. that is the biggest problem they have.
why are Oxford not in the NHS up coming programme ????
Why cant Oxford sell the tests to the NHS ?????
They are still building infrastructure in the USA and UK. But what are the timescales and costs ????
Oxford can`t sell tests anywhere else in the world because the`ve got no infastructure !!!!!!
The company is being run by amatures with inflated egos so as to sustain their huge salaries.
Burrows has surrounded himself in puppets that wont stand up to him. the apple cart is rotten
Taverham
Until Oxford get this validated and into mainstream target instead of private companies. They are going to struggle.
This fund raise will only get them to Xmas
They need to be ramping up sales now otherwise they will defo need another fund raise by the end of the year
That’s a fact
Hi Dugwalker
I have to agree with you 100%
They are only targeting private companies like Bupa etc.
Their product needs to be validated otherwise they cant sell to the mases, IE goverment funded organistions like the NHS.
Until this happens, Burrows and his "hand" picked team will fumble from day to day.
I notice on linkedin, all their posts are only liked by a handful of Oxfords employees.
Its a total joke. there will be another fund raise around november time as this money will only last until the end of the year.
Significant numbers of tests need to be selling now to stave off the next funding, But selling only 2 per day isnt going stop this.
Oxford have been selling circa 2 per day of both tests since december.. The new sales guy employed in december has not effected sales so far to date, with the numbers given to us.
I also note, when we got an RNS on the 17th of janurary, we got the number of sales up to the day before.
This last RNS we only got the sales figures up to the 9th of feburary, which was over a month ago. !!!!
Has sales dropped off this last month ?
Or has sales increased quite a bit so the board can notify us shortly, thus giving the institutional investors a door to get out and make some money for their gratitude of keeping the lights on for Oxford.
Call me cynical if you want but no doubt time will tell. !!!
Kong