Member Info for Okehurst1

Novice does have a point Tbf

IF the BoD win the vote we will be 4p on the Bid if we are lucky - massive overhang

We have to win this vote and stop the BoD issuing 140M to pay their wages

Our best chance short term is we stop the BoD

The Spivs have to buy in the open market to buy back the shares they ‘sold ‘ at 10p but didn’t actually own to sell - they only own them to sell IF the BoD sell them at 5p

Once things settle we get an offer for the business over the BoD’s head , would be buyers of what’s left of this business will know that they don’t even have to negotiate with the Omega BoD who only have £37,000 of shares between them and when the BoD lose the vote on the 7th March their weakness is fully exposed

Congrats to NCYT on CTDA , not a complete like for like business to Omega but worth looking at its key numbers

Suggest this is relevant when get 1 post jokers on this BB saying ‘ just do the rights issue at 5p the shares will be worth 20p ‘ because we will get them as the pressure drops onto the spivs who have ‘ sold ‘ shares they don’t own

NCYT has £100M cash and a £140M m/cap on £100M sales
and a respected BoD who have delivered - they also have ££50M owed by DHSC , if they get that back they are valued today at the £cash in bank only , worth thinking about that when measuring against Omega

Omega has just £12M sales and IF the BoD win they will have £11M of cash and with a stomping 330M shares IF the BoD win there is no way the market will value Omega at even 10p a share - £33M m/cap

Omega BoD are one of the worst on the Market and individuals have written to the FCA / AIM team asking for an investigation into their conduct, there is no goodwill off the market

So how could the m/cap look with us beating the BoD and voting them down ?

We would stay on 184M shares
Have £4.5M in the bank
£12M in sales

On a good day the market may be generous and give us a £18M m/cap ( 10p) but there is no way the market will value the £7M new cash at £13M to get us to £33M m/cap and 20p

We the current shareholders get crushed by the BoD - who don’t own shares really / diluting us away

The big problem for us IF we lose the vote is that we are finished, the BoD will have £11M of our cash and will milk it for themselves over the coming years, the share price will hover around the 5p - maybe lower to £cash level - as the cash is burnt by the BoD , who have just blown £12M of our cash for £600k return
Note not their cash they own no shares

Vote No and we could see a spike in the share as the Spivs try and close their position and have to buy in the open market

Just maybe someone may come in with a Bid once they see the BoD have no clout with the shareholders

Pdes,

Agree, best to vote

Sends a stronger message to this shower

It’s a neutral effect on the vote

That’s why the BoD are going to lose this vote

No way with them having just £37,000 of shares & no institutional investors up against the £11,000,000 retail investors who they have mugged off the last 20 odd months and even today are still trying to do them over

For the BoD to think the £11,000,000 will vote to give the £37,000 yet more £money when they don’t need -it and the £11M gets diluted by almost 70% - other to pay themselves £200,000 a year plus options is actually quite amazing and shows the arrogance of Jag & the BoD

Fully understand that they think we are thick and it’s hard to argue that we haven’t been stupid - like really stupid

But let show this shower ‘ enough is enough ‘ it will be a shot across the bow to them , our share price will rise when we win and we then know we can influence events over dilution moving forward

Kate
Reckon the new posters - ‘ no posts ‘before today

They may well be Spivs who have ‘ sold ‘ omega shares that they don’t own at say 10p on a T20 - so they have 20 trading days to deliver the share certificate

They will have an allocation off the Bucket Shop at 5p - they knew before we heard about a placing

IF we were stupid enough to vote for the Bucket Shops to get 100M shares then the Spivs just set off against their new 5p shares and keep the 5p - the difference between the 10p sale ‘ and the 5p placing

Say a Spiv took £100,000 of the placing they make £100,000 profit for doing nowt at our expense

IF we vote NO and the placing fails they then have to ‘ buy ‘ back Omega shares in the Open market we could see a scramble to purchase our shares, we should get back to a healthier M/cap as the market now knows loss making Alva has gone

Expect to see more Spivs joining the BB as these guys are in real trouble, they may have to buy back at 15p - the price we were at before the ‘ leak ‘

On the example above the Spiv loses £100,000

Worth noting the Bucket Shops will be posting on here as well as they get a whopping £400,000 from the placing to the Spivs

Excellent post Comp

It hurts when we have lost £money and read the charge list below, is there a worse bunch of directors of a quoted company today on the AiM market ?

Got to be up there ?

I emailed them asking Walbrook to ask their client to consider they way they have handled the situation and it may be wise to pull the fund raise as they are definitely going to lose the vote.

Suggested they could place 10% new shares as per the articles ( £1M) and this gives them £5.5M cash in total and plenty of head room as they have told us they only require £3.5M of working capital

They then focus on their/ our remaining asset in Cambridge, drive the sales up and if they have a business case to £raise at that point then approach shareholders and offer to them not to Bucket House Spivs

I have heard nothing back although I didn’t expect to tbh they are a dodgy crew.

Kate

Suggest you may wish to consider the following

- Do you trust the BoD ? Have you found them honourable in their dealings ? Have they cost you money ?
Do you feel comfortable giving them yet more of your hard earned money to pay their big salaries?
How come they only have £37,000 worth of shares between them yet we have £11,000,000 worth today ?

Onto cash … they tell us they need £3.5M working capital that’s fine …. They will have £4.5M after selling Alva why do they need another £7M ?

That’s just to make life easy for themselves , their total option share sales -that they pumped - at 90p when they sold was worth more than the £650k of total cash collected from Covid sales over 2 years after wasting
£12M of our money investing in Alva - we get £600k back on the sale

Now they are trying to place 100M shares at 5p with bucket shop money lenders who are charging us £400,000 for the privilege who themselves have sold onto Spivs ,in effect we end up with 1/3rd of BILLION shares if we let this go through, the spivs will try and make 10% to 20% on their 5p and the share prices stays low and it’s pretty much game over for us .

However if we vote NO and stop them then they have to manage/ make our remaining assets sweat to keep their £200k a year salaries and option packages

If you have any good feelings towards the BoD or are happy with the way your investment has gone then consider giving them more of your £cash

If you are not happy then Vote No

Skel,

Think of it like a referendum, each share is a vote, the most shares counted win each resolution.

Usually Directors of public companies have shares of note in the company they manage, this BoD have just £37,000 worth out of £11,000,000 market cap , their interests are not aligned with their shareholders.

Ditto there would normally be Institutional Investors to keep a board in check but we have none with substantial holdings as this BoD went Feral .

Vote NO

Xxxk the BoD Hani

The BoD have £37,000 of shares between them

We have £11,000,000

We’ve got this one …

Nice one Comp - like it

Stew
How’s that going to happen with an almost doubling of the shares to 330,000,000 ?

For 20p we would be on a £66,000,000 m/cap

For a business with £12M of sales and a dodgy BoD milking the cash who will have at that point just over £100,000 of shares between them

Absolutely no chance £7M of cash turns this car crash into a £66M Mcap

With no new money we could see 10p

Fully agree, this is personal now, many of us have lost money after the manipulation of the BoD for their own benefit

How can the BoD issue an RNS last month saying the company has ‘substantial’ cash then just days later RNS saying they want another £7M !

If it was just that one RNS but it’s been 20 months of taking us shareholders as fools and us trusting them , be it Tweets or RNS’s

As I say it’s personal now, embarrass them personally and we can get the share price back up, win win for us shareholders

IF Omega finds itself on the receiving end of a cheeky Bid there is a chance of it priced right then shareholders would except, the BoD with their history as directors of a plc are finished in the public markets - unemployable

They will struggle to get a gravy train job like the one they have paying themselves £200,000 a year with Options

Jag made at least £300,000 to £350,000 last year all in as commercial director of Omega, we got paid £600,000 for Covid tests over 2 years

That was just 1 directors total remuneration selling his options at 90p after the BoD ramped the stock - plus his salary

I wonder if traders are picking on the noise on social media of existing shareholders going to vote down the BoD ?

With £11,000,000 m/cap and the BoD owning just £37,000 just can’t see the most ardent fan of Jag - like his Mum - would buy shares knowing it’s likely the BoD will lose, more than likely traders will weigh up this placing will fail and the share price will go up? - saying that maybe Jag’s mum has Sussed that one

So ..

Post BoD defeat

£4.5M cash
Losing making division disposed of
£12M a year profitable business @ 50% gross profit

All against £11M m/cap !!

Looks cheap when we win the vote

Nb of course volume of shares weighted not number of shareholders

Captain

On the day …it’s based on votes submitted, it can be won by just 1 vote

The BoD have no chance

£11,000,000 vs £37,000

With the BoD having just £37,000 of shares to count on, I wonder who would support them from the £11,000,000 balance ? - put aside Jokes like Jag’s Mum

No one who has shares today in Omega would actually vote Yes, not unless they have learnt nothing from losing money by getting mugged by the BoD

The BoD are going to lose this vote

Jaf, spot on

Good honest post Captain

You took a lot of stick on this BB , off me as well but you and I kept it respectful and debated our views and never fell out ,however you called the BoD correctly, I was wrong.

I guess many of us now are just wanting to stop this dodgy BoD rip us all off yet again, if we stop them raising money via the Spivs to keep them in their £200,000 a year jobs they will have to actually do some work and generate sales / profit to get their packages increased rather us giving them more £££ just so they can pay themselves.