Member Info for Okehurst1

Looks that way

Yeah but what about Colin allegedly getting the Job running Alva for the Chinese ? What will Col get out of it ?

Chris

Let’s get the Vote No vote through first - without that we are doomed as shareholders in terms of influencing this dodgy Bod

Once the BoD lose the vote they can then return with a more comprehensive breakdown of what they require and reach out to shareholders to support

As it stands today they need £400,000 to expand their / our only remaining asset - that’s what they have told us

Plus they want £3.5M working Cap, which is fine.

They will have £4.6M after the disposal of Alva

Raise £1M as they can do without shareholder approval - they can issue 18.3M shares

That’s £5.6M and we have 200M shares not 330M

Even better offer to existing share holders and avoid £400,000 fees

This BoD do not need £11M for a division t/o £8M a year that they tell us they need £400k for.

Looks like the ‘Bid’ is weakening

No idea how far below this will fall with an additional
140M shares in the market ?
4p … maybe 3.5p

We current shareholders have been mugged of by this BoD
surely they can’t do it again and Mug Spivs buy at 5p to be worth 4p or less and a massive over hang of stock ?

Been Mugged myself by this BoD but you would have to be really dumb to buy in this placing and regardless of posts on social media the market has already spoken

Not sure how the placing can go ahead ?

These are the numbers from the BoD ;

- CD4 , they sold just £137k worth H1 2021
they think they have an order for £800k but we don’t know over how many years ?

- Heath / Nutrition £4M Revenue - maybe £8M full year ?

- The Gross margin was 33%

- They tell is they need £400k to grow Health/Nutrition

- Ditto marketing is 16% of sales

- 2025 they may do £18M full year revenue

Am guessing the Spivs are now seeing these numbers as well and they realise they are going to lose money here like the rest of us have

Anyone buying in @ 5p must be looking at all this and thinking ‘ what am I doing ‘

As per Captains post, no way they can get this away, who would hand over their £cash to see a 20% drop day 1 ?

Maybe even 3.5p and a 35% loss

Be it a Spiv who is new to this BoD/ Omega or a current shareholder who has bought into the 5p placing / open offer you would have to be really dumb to send your money off when you can buy cheaper in the open market

One question .., Why buy @ 5p and lose £money?

Captain

Tbf to a Spiv looking to make a turn buying in at 5p when the share price was 14p it looked a no brainer

Reckon some are forward selling to protect their down side as they realise this is going to 4p or even lower

Feel for our current shareholders who got suckered in to buy more at 5p in the Open Offer, good money after bad

There will be 330,000,000 shares after the raise

For a business - that’s left - that generated £4M of cash H1 2021 and the BoD are planning to invest £400k to grow it

Even the Spivs can see they are going to get lose money on this one

Say a Spiv bought £100k to spin - our share price was 14p when they where told they could buy in 5p

It looked easy money but it never is with this BoD

So £100,000 in this example they will be lucky to get 4p so a 20% hit … £20,000 loss

You would have to be really really dumb to put your money in

They must be worried now we are 4.8p and the additional
140M shares are yet to hit the market

We are heading to 4p … the Spivs are going to lose 20%
Day 1

Any of them watching this BB ?

Welcome to our world - your just getting a taste of what it’s like dealing with this -bunch - BoD

Good luck trying to even get your money back

Even the ‘ new ‘ money getting jittery

Unless someone has a ‘ naked ‘ shirt every gets shafted by this BoD, you do have to laugh, why anyone would buy at 5p when you can buy it cheaper

Even the Market Makers won’t hold the stock

It will be 4p IF the BoD win

You do have to laugh the BoD with just £37K must be having a right old giggle together, the Spivs just got scammed :-)

Omega is past any ‘ ramp ‘ it’s a total Con and we have been well and truly kidded by this boD - I got well suckered by them

Voting NO is the lesser of 2 evils.

Just don’t give them another £11M to squander - after they have just bathed our £12M - on a business that did £4M H1 2021

This BoD has to be one of the worst on AIM

M/pink

The BoD have produced a placing document it’s all in there, no need to email the BoD we know the information they have told us - Tbf they laid it all out there

They want £11M total cash to run a business that generated £4M of revenue in H1 2021 and that same business they need £400,000 of cash to invest in to grow it

This is their £numbers not ours - the shareholders.

They don’t need £11M to run the business it’s to pay their excessive salaries / option packages

How can anyone justify being on £200,000 a year plus cashing in £200,000 of options when they run a business that generated £4M in H1 2021 ? The BoD packages almost cost the same as our Gross profit which was 33% of H1 revenue

Thing is no one can justify , that’s the rub here, this raise to bank £11M is cash grab at the expensive of the shareholders, the BoD don’t care they only have £37k of shares

With £11M of cash they can sit back for years

We have to win this vote hence its Vote NO

Freddie, agree

Not 1 shareholder has been able to put an argument forward why the BoD need £11M a of cash today to run a division generating £12M of sales and that same division they are only investing £400,000

This is their £numbers not ours …

So they tell us they need £400,000 to invest in the remains of the business, the £10.6M balance is just keep their £200,000 a year packages funded

Don’t forget these guys make their money selling options / raising money … not selling product

If the BoD with their £37k of shares win then its game over for us shareholders who own £11,000,000

Vote NO

The Omega Chairman should resign when he loses this vote
it will be a blight on his name if wishes to find another cushy gravy train AIM gig - no credibility

Reckon Jag is going to have to be carried out though ,with his track record at Omega he’s not going to get another Job paying £400,000 a year with his options chipped in

Under his watch as Commercial Director we collected just £300,000 a year of sales over 2 years as a diagnostic business with £12M invested in Covid testing facilities, on the middle of a pandemic - hard to make up

I hope Jag is embarrassed at his dismal performance over the 2 years and how he’s dealt with the communication the last 5 weeks, his performance in that time matches his last 2 years, abysmal.

Published today

https://twitter.com/aimissionary/status/1495739334296842240?s=10

Captain

Perfectly put…

Plus why are they not buying more shares ? They are taking some serious money from our loss making business?

IF they win the vote we will have 330m shares @ 5 pence
that’s £16,500,000 m/cap but the BoD will have just over £100k is shares, they are not aligned to us the shareholders

But why buy shares when you can a load up options every year for Free?

The BoD as always are taking us for Mugs

After ramping the stock Jag sells £200,000 of options at 90p

And now Jag and his crew have awarded themselves a load more, to replace the ones sold …. And more
Check out link below

Jag’s CEO salary is over £200,000 a year , so he’s nicked £400,000 plus doubled his options package same time

What did he deliver as Commercial Director?

We received just £600k of Revenue from Covid Testing over 2 Years

He helped us Bath the full £12M they raised from us the last 2 years …. he blew they lot !

He sold Alva to the Chinese and we got £600,000 after costs

He’s raising money that we don’t need with £400,000 fees

CD4 sales just £137,000 H1 2021 !

And to top it all off the BoD between them have just
£37k of shares … that’s it £37k between the bunch of them

If anyone voting Yes can justify why this shower need £11M
Cash yet show in their own placing document that they don’t need that amount then it would be interesting to see a counter argument to VOTE NO

We need to stop this crew, they are the unacceptable face of AIM Directors - as bad as it gets

https://twitter.com/jaftrade/status/1495362429634723844?s=10