Member Info for Okehurst1

Particularly like this paragraph from the Government website this morning ;

‘This is to address any potential shortage of supply while work continues at pace to ensure only high performing tests are ultimately approved to remain on the UK market’

Mr Gates bought himself the best test in the world, love him or loathe him he’s a shrewd operator

Private sales for Home Use

£25 per LFT
Less VAT
Less 30% distributor cut
£14 gross per LFT
Less Bill Gates cut

100M capacity ? £10 gross ?

Serious ££opportunity here

Not sure we want the DHSC contract ?

Yeah … you can almost write the script

‘We now have better British LFT’s that are highly accurate’

Harvey
I think the ‘ trade ‘ in ODX has gone until the news breaks

It won’t be 50p on the offer IF it breaks in our favour which it’s starting to look increasingly likely it will

Suggest the LTH’s who are left are not selling their shares into this market, the ££cash generated could be off the scales for Omega selling direct to the public / via distributors

Yes there is risk - as with all investments - but this could be a serious upward rerate with market makers having little stock in hand

Agree Gary

Omega shares are a lottery ticket but the data is with us.

Will be interesting to see how many LFT’s Omega have in stock / readiness ?
They have obviously been informed by the Government to stock up -

We know they have the capacity for 8M plus a month, could be more ?

£25 a pop less vat , 30% to distributor

Maybe £14 a test gross less haulage ? 100M capacity

Omega shares are currently a lottery ticket

100M capacity - one of the biggest in Europe
Scottish Engineering Co
Best in class Antigen LFT / independent trials - user ability included
Bill Gates owns the biotech
Shortage of LFT’s
£17M U.K. Government kit
Government statement over night

The data is on our side

Looks like the Government are going relax their rules for tests pending validation and be allowed on the list.

Quote straight from their web site

‘The government will extend regulations and publish protocol to allow some tests supplied to the private testing market that are pending validation to remain on the market in the short term. This is to address any potential shortage of supply while work continues at pace to ensure only high performing tests are ultimately approved to remain on the UK market. The government will continue to publish a list of private testing providers who meet the minimum standards for the public to choose from, with PCR test options available as well’

https://www.gov.uk/government/news/lateral-flow-tests-to-be-introduced-for-vaccinated-international-arrivals

Mr Big / Sia

Think it’s so much out of Colin’s hands that they have nothing really they can say?

We are all relying on the Mologic Biotech - in the main

Would Bill Gates have acquired Mologic if he didn’t believe in their data / peer review data?
The original inventor of LFT’s was in fact Mologics founder - his son now manages the day to day
Moligic are well considered within the Global diagnostics market, as a ‘ family ‘ they are well respected.

It’s just all down to will the Mologic data - and our user ability trial - clear the FDA & EU HUA ? Can Bill Gates assist as he is well connected ? Even only on procedural matters?

If you think Mologic will clear then hold your investment, any doubts investors need to consider their position

Personally I’ve come this far and bought into the Mologic biotech and Omega’s diagnostic engineering skills but I still think there is 10% risk here but the upside is well in our favour, as such am here until the news drops one way or the other , think most LTH’s feel the same.

Binary investment in my eyes

Harvey
Just on pure Saliva LFT - it doesn’t work
The industry has given up on, of course do your own research but pure saliva is currently technically impossible.
Hence no one out there with a commercial saliva antigen test, if there was that would be a true Gamechanger, Vatic wouldn’t be a start up with £3M of capital it would have been purchased / JV with big Pharma

It is possible for an antibody test but the accuracy is not independently proven

Harvey
If you have any independent data on Vatic it would helpful for the debate ?

FIND / Welcome Trust measured Mologic alongside its peers and it came out as one of the best each time

Worth mentioning clearing FDA/USA is not about Omega, it’s about Bill Gates & the known data on the Mologic test.

If you think it’s 95% not going to happen that’s your call/ opinion and no problem with that but based on Bill Gates track record - not Colin’s btw - am going to Gates to pull it off .

If it was left to Omega on their own then you would feel it’s 50 -50 ( if that ) but now that Bill Gates owns Mologic coupled with a company on the same programme as to Mologic - who received a smaller grant from RADx - have secured FDA approval ….

FDA approval must be very close now

This outfit secured $6.9M from the same NIH grant / body that Mologic secured $11.9M

Just secured FDA approval

Looks like RADx helps the process / throw in Bill Gates owning Mologic, hopefully ‘ our ‘ turn soon

Xtrava Health CEO Sameh Sarhan said: “We are honoured to be selected as part of the Rapid Acceleration of Diagnostics (RADx) initiative to help significantly increase the number, type and availability of Covid-19 tests, which is essential to a full reopening of the economy.

https://www.fda.gov/medical-devices/coronavirus-disease-2019-covid-19-emergency-use-authorizations-medical-devices/in-vitro-diagnostics-euas-antigen-diagnostic-tests-sars-cov-2

https://www.medicaldevice-network.com/news/nih-funding-xtrava-test/

Omega recently acknowledged that their shareholder base was predominantly made up of Private Investors and they now use Social Media to communicate to the same.

Put aside their earlier Tweets - Tesla etc which we have moved on from - it’s noticeable they have been quiet the last 10 days, guess there is no more that can be done or said?

The BoD must be sitting there patiently waiting for the email/ tel call from Mologic for USA and EU for HUA

We are all in the same boat together …. if you don’t hold shares and the RNS lands then there is no chance getting in at these levels , LTH’s are not selling up as so close to finish line hence price has hit a support level.

Calm before the storm - whichever way you think this is going to go

Here Kitty,
Looks like the Market has discounted Ingenuity to zero

We can look at what value X Rev on the websites as one snap shot ?

Not like for like businesses Fast fashion to Beauty & Health but as examples re sales Rev - how many weeks Rev as a valuation ( circa )

ASOS - 26 weeks
BOO. - 52 weeks
THG. - 104 weeks

Not an exact science of course as margin important but it does focus the mind

Hi Danl

Usual fire walls - 2 articles in today’s Times

One on governance / other on the Investment Bankers who IPO’d the business
Difficult to reconcile the Bankers recommending to Buy on one hand then selling into the market on the other

https://www.thetimes.co.uk/article/02478c3e-2c3b-11ec-a1c0-649c1183346f?shareToken=077702a79a9ba7a01e025f2a69e5a20b

https://www.thetimes.co.uk/article/72a67c1c-2c5c-11ec-a1c0-649c1183346f?shareToken=1f062ebefb64b02de5853b1bf6e2bc5f

££Off the scales Asher

Transformational :-)

Distributors normally nick 30% ex vat

It’s big $$ gross profit - we just need a break / bit of Lady Luck and we get passed via EU HUA

https://www.airportwatch.org.uk/recent-airport-figures/

That’s a lot of LFT’s required

The expected £price as well