Member Info for Okehurst1

Or… the naked shorts have had the nod the BoD have lost the vote and need to cover their position ?

Looks like the threshold for the CPS to prosecute a director of a PLC to issue false and misleading statements to the market has been lowered

I guess that’s the starting point, did the Omega BoD know the DHSC contract was worthless when they ramped the shares and sold into ?

Remember the £50M minimum amount as well ?

Too many lies to list but plenty of self inflicted Tweets from Omega BoD as they ditched at 90p.

The Marketing Director especially …

An on line tipster / reporter has claimed he has sent a file to the AIM team regarding the conduct of Omega directors, guess this will take time.

FCA statement after the sentence

‘found guilty of two offences of making false and misleading statements to the market’

https://www.fca.org.uk/news/press-releases/former-redcentric-cfo-sentenced-five-and-half-years-imprisonment

There are too many gaffs / lies from this BoD to list but it’s quite amazing that they said via a placing document that they would only be investing £400k into the only business left within Omega - put aside they are spending the same to raise £5M

So out of £5M net - with the open offer - they will only be investing £400k back into the business to grow it, the rest is for their salaries

This BoD has to be the worst of the worst

Wonder if Chris and his concert party are dumping their shares ?

2M already sold today

No buys for 2nd day

Thanks

Genuine question

Please can anyone advise next trading statement / update ?

Appreciated

Go on Chris …. Top up

Chris has had multiple opportunities to explain his Concert parties ‘ Bull Case ‘ for the Omega placing even though they are now not buying into plus considering he says they are holding a block of shares that can call an EGM think we can say he has no substance…. The only Bull is his claims

@ 40p

295M shares

It would have a market cap of £120M

Based on £8M of sales and losing ££

How do we achieve £120M ?

Chris,

So you haven’t invested in the company via the placing but took a punt at buying the shares @ 4.6P in open market
you say ;

‘Many still here bleating while having sold. Punters...not investors...betted and lost’.

Fair enough.

So you have not taken up your rights when you could have and you say your not an insider so your not in the £5M @5p
your just punting with your concert party - with an equity stake that could call an EGM at any time - and buying in the open market, so in effect you agree with the NO vote or your happy for the mug spivs to put their money in and for yourself / concert party to get wiped out ?
So in effect punting ?

Many of us including OSAG have set out our views, would be helpful to explain how do you think the share price will look post raise and why !
NCYT and Abingdon are valued at £cash IF post raise Omega have £7M cash why would they be worth more than 3p a share ?

Would appreciate your input as I may buy back in if am missing something ?

Strange choice of noun by Chris, considering a colleague is
‘a person with whom one works in a profession or business’

Ditto his reference to being part of a concert party

Either way not a PI, he’s on dodgy ground if he is an ‘insider’

Captain
Something not quite right with this posters posts - certainly not a PI

Ditto no substance nor debate on why the £5M fund raise is commercially viable ?

Max the BoD can raise us now is £5M after expenses of £400k now that the open offer was a flop

Will be interesting to see what the AIM investigation uncover’s, plenty of information out there especially around the use of social media

Redcentric directors getting 3 years in prison is an indicator of the sentence if found guilty

Trader,Captain

Worth a peek at Chris’s posting history, notice his comments him and his ‘ colleagues ‘

Chris is either an employee of Omega, Walbrook, insider connected to the BoD

To be fair to Chris’s posting history I don’t think he’s a bucket shop spiv

Each to their own but anyone dropping onto this BB as it’s the last day to vote be aware I have asked Chris in the past to explain how this placing stacks for current shareholders and he has still yet to explain other than call OSAG out

I do hope the Investigation into the BoD by the AIM team expands to social media and eventually the CPS , it will be interesting to see who from the list above have been posting anonymously on social media to influence investors

Redcentric directors just got 3 years in prison for false statements , this crew will eventually face the music

Worth a read - feel for Abingdon share holders

How long before another Chinese Co buys their manufacturing plant? Without the fund raise they would have been insolvent

Fair to say Omega & Abingdon should really be private companies, the directors of Omega receiving £200,000 a year each remuneration plus option bonus’s whilst owning no shares of note and at the same time raising £5M after expenses - that’s the max it can be now IF they win the vote
after £400,000 fees

Plus at the same time only £400,000 of the £5M being invested in growing the business, it’s unbelievable really.

‘Trading update



Group revenues were approximately £1.7m (H1 2020: £7.7m), with the year-on-year decrease being predominantly linked to no DHSC revenues being recognised in the Period, as well as other non-recurring COVID-19 related sales falling in the prior year. This decrease in revenue versus the Board's prior expectations was caused primarily by the lack of use of the AbC-19™ Rapid Test by DHSC against initially forecasted sales and also in a period when the Company continued to develop new products and invest in its operating infrastructure, with a consequential impact on the level of losses incurred.



The cash position as at 31 December 2021 was £5.9m, following the fundraise in December which brought £6.1m (net of fees) into the business for working capital and R&D investment. The Board believes that cash balances are sufficient to meet the Company's current requirements, with a range of mitigating actions available to conserve cash if needed’

Danl,

If THG dispose of Nutrition then it’s shouldn’t matter?
Retain working capital in both - the BoD will decide the quantum

Beauty retains quote , spin off Ingenuity

The catalyst to unlock shareholder value has to be dispose of Nutrition?

Apologies Benny, on reflection v bad taste

Just noticed RNS - not holding ODX anymore

The BoD wanted £7M cash total
£5M of which was off the Spivs looking to make a turn
£2M was off any mug shareholder

So out the £2M they raised just £475k with 33% of the £475k taking up an extra allocation - to hit £475k

It’s a resounding statement from the shareholders that 3 out of 4 shares didn’t support them, £475k pays Jag for a year plus his options and few quid for the Chairman

Another interesting data point is only 6M plus shares took up their rights, say 12% of all shareholders is my quick take, so 88% of all shareholders less the BoD didn’t back them - some dumb shareholders are in both 1:3 of the open offer
The BoD have close to zero shares (£37k)

This will be a close call for the BoD, IF they lose the vote they don’t get their hands on the £475k, they now know they only have financial support from 12% of the shares

Hi Jaf

It’s been a costly exercise and I have learnt the hard way, think it was time to disengage myself from this BoD, yesterday’s interview was worse than I thought it would be tbh, these jokers really have been misrepresenting the facts in an industrial way.

I wish yourself and all the shareholders the best of luck in the future