Member Info for Okehurst1

Jaf ,

Suggest most of us shareholders know the Omega BoD have kidded us multiple times and they are just
‘ trying it on yet again ‘

There has not been one credible voice from a long term poster who has come out and say the BoD have done a great job bringing the Company to this point in time, the BoD have no credibility, they need to learn and start working with us the owners of the business

The BoD are going to lose this vote

Union
How will the share price rise after the raise ?

There will be 1/3rd of a Billion shares and bucket shop Spivs who have bought at 5p will be dumping to make a turn

So us the current shareholders get toasted

The Company doesn’t need more than £3.5M they have told us that, they will have £4.5M Capital without the fund raise

There is no commercial reason for a current shareholders to vote Yes to the BoD resolutions and get diluted away and hand nearly 70% of the business to the Spivs on the cheap

In this instance we the shareholders are in control as we own £11,000,000 of shares and the BoD just £37,000 that’s fact

The BoD will lose this vote, they can then reach out to shareholders - us the owners of the business

Explain their business strategy and come to direct for any additional funding

Let’s not forget they can issue 18.4M shares at whatever price without share holder approval, they could try that move and raise almost £1M

They would then have £5.6M cash
No debt
The loss making arm disposed of
£12M of sales at 50% gross profit

We won’t have 330,000,000 shares the business above will have a market cap of £11M to £12M backed by up to £3.6M of cash plus £2M from the Bank and a business generating £12M sales at high margins

As I say there is no commercial logic for a current shareholder to vote with BoD

Vote NO

Captain

What’s your view ?

Would you give the BoD any of your cash? Are you taking up your rights to buy more shares ?

The Omega BoD are in weak position

Us the shareholders hold £11,000,000 of shares

They own just £37,000

The BoD must have thought the Omega shareholders are right mugs who keep giving them their hard earned £cash via rights issues, we did them for £12M over last 24 months let’s do them for another £7M, it’s no cost to us the BoD we don’t own any shares so we can’t be diluted, let’s fill the coffers and we sit back on our £200,000 jobs we can’t be touched … we will let the dust settle then issue a load of of options to ourselves

Rinse Repeat …

However this time they have a problem, they won’t get enough Omega Mugs to agree to them issuing 100M shares at 5p to bucket shop Spivs

IF we stop the placing the share price goes up … simple

The BoD have access to the votes coming via the Registrar, they will be following social media, don’t forget these guys don’t sell that much Omega product they need our cash to pay their salaries

It wouldn’t be a surprise if they pull the resolutions 1 & 2 before the day as they see they won’t get this through,

Vote NO

TW

You nailed it

We need their interests aligned to ours

I think they are in for a shock on the 7th March

Who out of the share holders today who control £11,000,000 of the shares would vote for the BoD proposal that currently own £37,000 of shares and who will issue 140M shares to make their life easy and squander another £7M on top of the £12M they just wasted on Alva - they received just £650,000 net Covid sales over 2 years for £12M these guys don’t have a good record, put aside all the money that went into Alva over the previous years and the Chinese nicked it for £600,000 net

Let’s not forget Jag was the commercial director through out the last 2 years.

Vote their proposal down , Vote NO

We force them to ‘ read the room ‘ and then come back with a better proposal

The share price will rise when they lose the vote

Kate

This is how they bathed our £12M is last rights issues over the last 2 years

The last thing we need is Alva mark 2

They told us last week they will out source manufacturing to Alva/ Chinese, that’s fine by us IF CD4 secures a contract for XXXX the BoD can get Alva / whoever to manufacture the LFT … Omega TT the Biotech, they work the margin to
make a profit

Last thing we want is these jokers replicating Alva in Cambridge and not landing contracts, this is what got the company into the mess to start with…

Cambridge should generate £12M a year currently, leave that as it is, Outsource the rest

If they were smart they would have negotiated fixed prices off the Chinese when they negotiated to sell ( give away ) Alva for £600,000 net

Union let’s wait and see but Omega ain’t going bust
show us how they are insolvent today ?

They need £3.5M working cap - that’s what they told us last week

They have £4.5M

We force them back to the table for the benefit of the £11,000,000 share holders vs their £37,000 stake

You have to laugh….

Just enough to buy a 2nd hand Tesla

£37,000

That’s it’s ….£11,000,000 m/cap.

They own just £37,000 of shares

They own Diddly squat of our business, they are just mugging us yet again

Vote No to both resolutions

Well done Jaf

Just on CD4

We had sales of just £170k H1 2021

Who in their right mind would spend £1.5M on a test that let’s be honest the sales numbers are abysmal

The BoD advised us they will utilise Alva and the new Chinese owners, give them a contract to match the contract the company wins and make a guaranteed margin

Keep it simple

Please don’t replicate Alva all over again in a suburb of Cambridge

The directors have No shares

The extra £5M of cash keeps them on their £200,000 a year wage packets for a few years

They can then issue a load of 5p options and pump the share price in a few years time

Just like they have just done over the last 24 months it’s a gravy train

We have all been mugged by this Bod , existing shareholders won’t forget that … the BoD are going to lose on the day

It’s all about ‘ on the day ‘

The Omega shareholder Action group gets 20% to ‘say no ‘there is no way the BoD will find 21% of the current shares to agree to this mugging

Union

How do they call in the Administers with £4.5M cash in hand when they told us last week they only need £3.5M ?

The company has no actual debt today and they got rid of the loss making division that had pretty much no sales and they retain the profitable division doing £12M @ 50% gross profit

So they are not insolvent , they have no debt to pay today, no winding up order ( other than winding us up) no CCG’s

The BoD can’t put the company into administration it’s impossible

Put aside the week before last they told us they had ‘substantial ‘ cash

The devil we do know is the Spivs who want in for 5p at our expense

They are going to get caught out when this £raise fails - which it will, no sane shareholder will vote for it , many may not bother to vote but there is momentum with shareholders who are voting against it

Worth noting again , The BoD have no shares themselves of note and no institutional investors with big blocks of shares to vote in their favour

It’s going to be funny watching the Spivs try close their T20’s when the BoD lose the vote

Well said Jaf

Jaf, spot on

Personally it won’t be institutional investors as we think of but bucket shop Spivs who take the order , forward sell £5M at a 65% discount to the share price at the time - that’s why the boD had to keep the charade with the RNS that the company had ‘substantial ‘cash .. it did but they wanted more

Their clients … smaller Spiv is then aware of the heavily discounted placing and the top Spiv gets £400,000 fees

The smaller Spiv then sell shares in Omega at 15p/ 10p even 7p but has 20 days to complete (T20)

Buy back to cover at 5p

They just need us Mugs to fall for it

Fair doos to the Spivs

They will have authority with Omega articles to issue 10% of the shares without a new proxy

I suggest that’s fine, ideally come to us shareholders save the £400,000 they don’t even require an EGM

Raise almost £1M and they contribute £100,000 - they are contributing £80,000 as it stands

They then have £5.6M cash

They need they say £3.5M working capital

Alva will go either way Kate

The BoD can sell assets they deem they need to

They can’t however sell / increase more than 10% of the share capital without a shareholder vote

Topcat

The only thing this BoD are good at marketing / selling at a high price ?

Their share options

If someone bought today at 5p in the market

And the placing fails as it possibly will, the share price will go up, we won’t have an almost doubling of the shares to 330,000,000

More chance of the share price going up this way for us and as I say the BoD are funded either way

We have £4.6M

Kate your spot on

The market has reacted to 5p placing we are at 5p

However …

Spivs drove our market cap down to £11M by selling - they would have been aware of the bucket shops being offered the 140M shares

They then sell Omega shares on a T20 and cover the contract note with the 5p share, it’s a nice trade at our expense

IF the BoD fail at the meeting on the 7th the Spivs will have to buy in the Open market … our share price will go up

As I say we don’t the £7M the BoD have told us they need £3.5M and they will have £4.6K and we save £400,000 in fees

What’s not to like ?