Member Info for Okehurst1

Personal view

GAD kit failed at PD - ease of use - affected Avavta & Mologic and by default Omega

Omega of course eventually nailed it with the EU

‘Omega remain in the review process under CTDA regulations, which were introduced on 1 November 2021. Further field study data has been recently requested. Omega is seeking this information from external parties but this may not be available prior to the current extended deadline for submission of 10 February 2022’

Can’t see U.K. HUA is incorporated with EU HUA ,would be brilliant news but as it stands it appears the test has had to have cleared Porton Down first , as frustrating as it is…

It would be brilliant if EU HUA was fully reciprocal in the U.K. but I don’t think it is for Home Use (U.K.)

Avacta had same situation, cleared EU HUA Q4 2021 and at the time they still couldn’t sell Home Use U.K.

Good points Wad.

They may been informed verbally EU home use was imminent and sounded out the market in advance ?
Either way it was clumsy to say the least.

Let’s hope they can generate revenue now they have a test to sell and we can avoid a fund raise at £20M m/cap - make the assets in - situ sweat first

This time last week Truant had a fair point

EU HUA has changed the landscape for Omega

They just need to take advantage commercially now

Looking forward to hearing their plans

If we have EU HUA this has to be the market to target ?

USA/ U.K. we cant sell direct home use

Good debate Captain - didn’t think USA was a goer

I wonder how Amazon stacks on the other 27 states ?
Ditto will the rules be relaxed in Germany for tests with HUA as Europe moves to live with Covid and coupled with the public now at ease in general using LFT’s?
Who knows ?

On line pharmacies as you say ?

Agree both main points - lansdowne focus on introductions and 3rd party distributors

Amazon ? Why not give it a go ? Nowt to lose really

Omega Health / Wellness division trade under the name Cambridge Nutritional Sciences with Jag on the BoD there since 2021

Suggest the web site should be more retail focused, identify what the various Tests offer , keep it simple and keep the heavier data sheet / fields for distributors who wish to study in more detail

URL same to on their Amazon / similar outlets, it’s basic stuff and not a big capex / opex spend to put right

https://www.cnslab.co.uk

https://www.cnslab.co.uk/

Agree Captain , jury out on Lansdowne.

We know that marketing costs in Food Tolerance is running at 16% of sales, we probably don’t have the mix of products to justify an in house e-commerce platform and it’s possibly cost prohibitive to ‘take a chance ‘ and/ or have a £raise to fund

Omega require multi channel sales outlets with minimum upfront capital expenditure , Amazon / peers with their fulfilment centres offer a low cost entry for Omega to dip their toe in, it would be interesting to see can they sell their Health Wellness products ‘direct ‘to the public rather than via channel distributors ?

The public in general are now accustomed to using LFT’s at home, test the water with other products not just Covid related and go ‘direct’

The issue for the market is Omega don’t have a good track record in the sales / marketing department

Lansdown can initiate introductions for commercial deals but to sell direct to the public it’s either Omega invest in their own e- commerce platform which can be expensive or use others, Amazon kind of fits the bill for where Omega are today.

Makes a difference for shareholders today, we could avoid dilution via a fund raise IF the BoD can make the current assets sweat, being able to sell direct to 440M is big opportunity if they can get this right.

Put aside the DHSC kit at Alva that we think can manufacture 6.5M (ish) per month LFT’s and can we secure a sovereign state order.

We think we have 2.6M per month LFT’s to sell via our wholly owned manufacturing equipment

After this weeks news -, which was welcomed and unexpected, tbh I had given up hope - we can now sell to 440M direct into their homes across the EU.

Should Omega consider using Amazon to sell / distribute on their behalf?

Leave DAM / Others, to deal with the Test Certificate market for whatever reason it’s required, be it now or next winter?

As we learn to live with Covid 19/ Variants it may well be Governments only provide for free LFT’s in health care / social care environments and the onus is placed on business and individuals to test for the virus and it’s variants?

Amazon will take 30% of the sale price but it’s a simple transaction for Omega, assume a price of €7 Euro via Amazon delivered to your door , less vat , less Amazon 30%

Ball park €4 for Omega, they could drop to €5.99 via Amazon and still make a decent margin as they manufacture the kit.

As I say leave DAM / others to focus on the market that requires a test certificate

The EU Home Use market is a big market to go for, Omega could then promote their other products in the Health / Wellness sector via marketing literature they add to their packaging?
They have the manufacturing / engineering skill base, start shipping product in volume , Food Tolerance etc ..,

What do we think ?

It appears they have outsourced sales to lansdown - who as we know put the DAM deal together

Hopefully they have been working their contacts / leads

Let’s hope so Bigbangs, we have had our first piece of good luck this week with EU Home use

Captain,
Mentioned earlier, agree there will be a settlement.

Ideally ? - Know this is just wishful thinking

The settlement is no more in ££ than the settlement pro rata that Omega receives via Abingdon

We would take that ?

And IF we do have ‘ substantial’ £cash then we don’t need a £raise unless Omega land a firm contract that justifies it ?

EU HUA this week has provided Omega an opportunity/ chance to trade their way out IF they can settle £nil cash DHSC

TW

2M a week capacity

1:3 split as below

2.6M per month : 6M per month

Unless I am missing something, this is correct.

Whimax

2M a week , 8.6M a month ( ish )

As below ?

TW

Omega told us capacity was 2M a week - we assume with DHSC kit

8.6M a month ?

We think their owned kit can do 660k a week ?

Hence the 2.6M and 6M via DHSC kit

May be wrong but just working off what Omega have mentioned previously?

Am I missing something / got this wrong ?

Fair points Captain

Elephant in the room is the £2.5M DHSC claim - feels like we have a strong case there but who knows, as you say a settlement of sorts?
Ditto Omega via Abingdon have £650k the other way with DHSC

Ovs we can’t net off one for the other but the CFO may be looking at the £650k as the £number to settle? IF we had to settle and Abingdon successful

Speculating of course but we would take that today and hopefully trade our way to generate cash without a £raise

Captain, good point re Placing

What we do know is that they have ‘ substantial’ cash - no firm idea the quantum but we can guess £4M with Bank funding ?

They don’t need the £raise yet

We can assume once / if they secure contracts then depending on the terms they may attempt a raise then ?

Securing EU HUA is an opportunity for them but they may need ££ to fund inventory, so no fund raise is my call until they RNS a contract of note