Member Info for Okehurst1

Not sure if the company can only raise 10% of the total share equity without an EGM ? I think that’s the case

So here’s one …. If we ALL voted against the transaction then the Spivs in the £5M raise who forward sold would have to ‘buy back ‘ in the Open Market - now that would be funny

Leave AIM Team to look into the legalities of the BoD they will get their comeuppance but burn the spivs

Unless they secured a vote at the last AGM they can’t place more than 18M of shares without us allowing - the BoD have no shares

Any thoughts ?

This may be of interest to anyone thinking of subscribing to the open offer and voting in favour of the overall transaction

For what it’s a worth if I have an opportunity to vote for/ against the placing - even the £2M - I will be voting against it

http://www.*************.com/views/60680/tom-winnifrith-bearcast-ww3-inflation-and-tern-vs-omega-similar-deceipt-in-the-portfolio-of-death

Interesting article The Times today

Firewall but gist ;

- Inflated cash position, persuading them to not reduce their holdings

- Made false statements

- Forced to pay shareholders £11M

- 3 years prison



https://www.thetimes.co.uk/article/59683a62-8b73-11ec-a837-0153f5f4adaf?shareToken=4f041a2b56706eeb2fc64b91dc84e791

Hi Captain

I thought the concept made commercial sense, however it was the £1M received that took me aback, the Chinese have nicked the asset .

Say they would have received £10M - as a figure considering they had EU HUA and invested £12M

Then no need for 66% dilution

As you say highlights how poor they are at running a business, saying that it’s not their money, Jag got his cash out, the show goes on for this BoD

Share prophets

No longer following the BB but felt had to share this link as many of us feel/ know the Omega BoD need investigating

Interesting developments, let’s see if the London Stock Exchange thinks it’s ok for Omega directors to break the rules

http://www.*************.com/views/60678/omega-diagnostics-letter-to-aim-regulation-investigation-needed

TW, Captain , Comp, you guys called the Omega BoD for what they are, I took them at face value and trusted their comments, I was totally wrong.

It’s been a harsh lesson.

See you on another BB maybe one day.

Good luck to LTH’s moving forward.

Omega BoD over the past 2 years sucked investors in like
a ‘ siren of the sea’

We were all battle hardened- and weary - after seeing how they operate

Marik came to the ‘ party ‘ late on, think Marik believed the information that was out there even from the company itself

Marik, come and join the rest of us who invested in a British Diagnostic business, lost money and ended up with shares in a company that tells you if your Gluten intolerant

At least we have the biotech within the LFT to sell ….

Hang on … we don’t even own that, Mologic do

Congratulations to the Chinese

What a lesson this has been

Agree, it’s unbelievable what’s happened , don’t forget the
only contract ( by default ) they received an order off the Government for was the Antibody test for £650k and they didn’t even get paid for that, whilst Innova bagged another £750M last months

TW,
It was the only way to go for Omega, manufacturing LFT’s is a commodity product - Chinese co’s offering for 59 pence each

DAM & others sell the EU HUA antigen test, sub contract manufacturing, move HQ to Ely, focus on Health & Wellness products and distribute to wholesalers

This was always my 1st choice from a bad hand however the £1M is light but at least they are out of high fixed costs.

The business focus’s on Health /Wellness from Cambridge

Apologies … 1/3rd of a Billion

Captain
If Alva is being used as what it’s set up to be then TUPE should apply ? Hopefully redundancy to the minimum.

It will be interesting to see will they shift CD4 to Ely with Food etc

Jag understands this part of the business having ran it for the last year or so.

All to be revealed egh ? …

They will have raised near on £20M in just over 24 months and for what?

Pump and Dump at 90p - including Jag

We will be heading to 400M shares post funding, talk about value destruction

Captain

It’s just how much for Alva ? Or are they shutting down ?

Hopefully it’s the former and 155 jobs get saved and we get some money into the Company to invest in Ely

Captain

Any views on will we get any £££ from Alva ?
Or is this £5M for restructuring?

What do you think ?

Crober,

Let’s just hope they bring some cash in with a sale

Gut feel … the DHSC kit is getting returned

Kate, agree.