Member Info for Okehurst1

TW, maybe political ?

Alva just becomes a ‘ wrapping centre ‘ ?
Wasn’t that what we were doing for OG anyway ?

Guessing … but OG make ¥¥¥ off the bulk of the contract Alva is just a red herring to say they are ‘ U.K. manufacture’

Possible…

If you bought in a placing - outside a tax wrapper be that pension / ISA - pick any of the multiple placing Omega have had and you participated there is a chance that these shares can be written down against your income tax of same year

All depends on the status of the business - asset wise etc - before the new money, it’s only qualifying AIM companied BTW not the main market.

One for the accountant of course but may help some on here

Ha! He’s been at Omega for 10 years but now he’s apparently ‘ new ‘ to the business

You have to laugh, this BoD would mug anyone to pay their £200,000 a year salaries

Danl/ Kach

Good debate guys re Shein

I hadn’t thought about the casual / loose fitting clothes / swim wear not being affected by how long it takes to get delivered - within reason

I guess the argument goes that there are less chances of returns for this segment ?

Defo a binary play ? Agree as it stands

Sell or vote NO

The left field ball however could well be the Spivs pull out ?

We’ve all been mugged by the Ponzi scheme, you would have to be brainwashed to buy more shares at 5p if your an existing shareholder, the Spivs however, just can’t see them being kidded ?

The share price was 15p when they were presented with 5p buy in… that’s a nice profit on the turn even at 8p

Now ? They are probably looking at a 20% to 30% hit IF they proceed, these guys aren’t dumb, as you say good chance this placing will get pulled.

Captain

The guys who backed the Bucket Spiv Shop must be worried

The Bucket Spiv Shop can’t lose they nick £400,000 of the funds by finding ‘ more Mugs to buy into this Ponzi scheme’

Anyone putting a chunk in , say £100k as a number and thinking they could sell at 8p - remember the share price was 15p at the time of their talks

These guys are now looking at a £20,000 loss, in £100k easy , maybe even more .

Reckon a few will be seeing if they can back out here

Worth reading the Chairman’s letter published today ,do your own research into these jokers, even today they are lying, your going to get kidded like we have been.

If you thought you could flip the shares bought at 5p then it won’t happen - it just won’t

You are looking at 20% hit day 1 as 140M shares hit the market

As I say read the letter, this guy and the BoD don’t have a clue

The Chairman’s letter is terrible, it’s actually embarrassing.

Suggest Alva would have took the Company down, the fact the Chairman says we couldn’t compete with the Chinese - If we are paying more for Raw Materials than what we can buy the full LFT from the Chinese then what chance have got ?

Selling Alva for £600k probably saved the business / 150 jobs, pity we lost £12M in the process

My big worry is replicating Alva in Ely , just outsource the LFT , back to back orders, make a margin

Please don’t do Alva MK2 it’s not the right move

When you read the Chairman’s letter it’s actually embarrassing

These guys are out of their depth

Any views ?

Bottom page 2

Chinese tests cheaper than the Raw Material cost to Omega
in effect we can’t compete
Fair enough … why do we need to replicate Alva in Ely then? We just buy Chinese like everyone else

Totally pointless recreating Alva in Cambridge

Chris, worth a read of the Chairman’s letter.

We just need to stop the placing and giving these jokers £11M cash all in

£5.6M is more than enough and we avoid massive dilution

IF the BoD win and we see another 140M shares hit the market even the Spivs who hoped for a turn will lose money, it’s 4.9 BID today, has to be a 20% loss with 1/3B shares in total IF the BOD get their way.

It will be ironic that the existing shareholders / Spivs looking for a turn all bath on this one and the BoD don’t get effected really - just £37,000 of shares between them today
but they will have £11M of cash to blow / for their packages

Only one winner in this scenario, no need to say who it is

Page 2 paragraph 4

Gist - this is not an emergency fund raise, we have no immediate use of the funds ‘

Ergo from the horses mouth, IF you are on the fence why would any existing shareholder back this BoD with more money ? I have no idea why?

They can raise £1M via placing 10% new shares

Gives them £5.6M they don’t need £11M and £400,000 extra costs

At least that’s put to bed now

https://twitter.com/aimissionary/status/1496427543754334210?s=10

Interesting to see Genedrive announce worldwide distribution deals

Omega who have moved to ‘ outsourcing ‘ have not announced anything, other than lose £12M of our money on Alva … then sell it for £600k .. and now they want to replicate Alva for £1.5M in Cambridge -to be near Jags house- to manufacture CD4 tests that we sold £137k worth last year

Jag’s performance as commercial director has been abysmal, the moves he is making now show just how terrible he is as a businessman

‘The Genedrive® COV19-ID kit is a rapid molecular diagnostic test
Performed directly from a mid-turbinate nasal swab, the assay targets the ORF1ab and N genes of the SARS-CoV-2 genome, adding robustness against emerging SARS-CoV-2 variants.
The product was CE marked on 8 December 2021 and was subsequently sent for evaluation purposes to interested parties. The Company has now entered into distribution agreements covering Spain, Portugal, Oman and the United Arab Emirates, with other opportunities continuing to be assessed in other EU countries.’

£50k on Dubia jolly ?

These jokers just bathed £12M of our cash on Alva and sold £300k a year of Covid tests, then they sell Alva for £600k net they now want £11M cash but only need £400k to grow our remaining assets

Unbelievable how this BoD operate , we need to bring them to heel, Vote NO

OSAG are apparently forwarding their correspondence to anyone who has joined, should make for an interesting 24hrs

https://twitter.com/aimissionary/status/1496176997084585995?s=10

This may help understand OSAG plan

https://twitter.com/aimissionary/status/1496114341959151622?s=10

Hands up, I got well mugged by this BoD but who in their right mind now knowing the facts would buy shares at 5p when the Bid is 4.9p

Knowing that 140M shares - a total of 330M shares - will hit the market at 5p

This share is heading to 3.5p on the Bid IF the BoD win - they won’t care of course as they only own £37k worth

Vote NO bring them to heal

Anyone in the placing … seriously look at what the market is saying, your going to get spanked like we all have before you by this BoD

Dav

This is the problem with BoD, they say they have an order like the £800k CD4 but they did the same with the £374M DHSC contract

When does it start, ditto finish, they say gross margin is 33% are we getting more ?

They tell us they will outsource the manufacturing now they have sold Alva - they bathed £12M of our cash on Alva for £600,000 of Covid tests over 2 years ( that’s all we got cash wise )

Why say they want to replicate Alva for £1.5M ? It doesn’t make sense , either we are outsourcing or we are not?
If not why sell Alva and all our kit for £600k ?

You have seen the history of this BoD , Jag the CEO was the commercial director the last few years throughout this mess , his performance is shockingly bad - other than selling out his options at 90p he timed that perfect

Putting this into context , Jag made up to £400,000 last year via Omega … on his watch he sold £300,000 pro rata of Covid tests (£600,000 net over 2 years of Covid sales )

The man and the BoD are abysmal , we can’t give them another £11M to blow, the 330M shares that will be in circulation won’t matter to them , they only own £37k between the lot of them today

They are one of the worst Bod’s on AIM