Member Info for RegulatorUK

"At best the Omega BOD have misrepresented the facts"

They haven't...

..and with this comment you've earned your place in the green bin.

"They need a manufacturer"

They have one - TTG Electronics.

Old news (many of us are also invested in BRH, who own Paraytec). Not a threat to ODX as a different focus. More of a threat to GDR (and better than what GDR has at present, as it can be rolled out to other diseases relatively easily).

"Rapid antigen tests detect Omicron. The bulk of mutations in Omicron (i.e. on Spike) are NOT near the sites that most rapid antigen tests pick up (Nucleocapsid protein)."

https://twitter.com/michaelmina_lab/status/1465329717385572359

"How does the GDR test compare to ours?
GDR flying this morning.
Thanks."

Ours knocks the GDR test into a ****ed hat. It's:

- faster (for both positive and negative)
- quantitative

"They could have chosen any other Greek letter why an anagram of Moronic. They are taking the Michael keeping us where they want us for the sake of big Pharma. If if it means more LFT sales......carry on destroying our lives."

Oh great... *another* Covidiot infesting the board.

"At this stage they should just start using the loaned equipment without further delay by way of mitigating their loss and commence legal proceedings against the DHSC for breach of contract."

What breach of contract are you suggesting has occurred? I'm assuming that you're a contract lawyer or contract specialist who has reviewed the Contract in detail t make such an assertion...

"...but rest assured most people you know or you come across will never trust you including your own family simply because like I said earlier, you're a con man."

Robust - but fair.

"...but I do believe ODX’s side of things could have been handled better."

I don't think the ODX side of things has been perfect - but as someone who has experienced DHSC in the last couple of years, I can understand entirely why that might be. Quite often, when I'm talking to my board, I have to honestly say "I don't know" or give them the news that DHSC/HMG have changed their minds *yet* again.

And it's only going to get worse, as winter pressures - including an increased 4th/5th* Covid wave - hit and the government's/DHSC's attention is focused on trying to push through the Health and Care Bill 2021-22 through Parliament.

" Same with ABDX who opened at 80p and are at a loss on the way down to where it is now (me included but not a big loss)."

I've got an average of 57.4p for ABDX. But again, I've invested in them for the long term - same as here. I'm comfortable in the long term both will come right.

"Your politics are showing again Regulator…"

Nothing to do with my personal politics (although I would argue that there is fairly widespread cross party agreement - including amongst some Tories - that this government is "entirely incompetent, corrupt and driven by the latest right wing gutter press headline") - my main objection to their behaviour is the fact that the flagrant breaches of the rules has resulted in a sh*tmess that has undermined the UK's response to Covid and goes against my 'procedural' geek tendencies...

I understand from a relatively reliable source that two suspected cases of B.1.1.529 have been reported already in the UK (let's see how long it takes the government to admit this)...

The government has closed down travel routes with a number of sub-Saharan African countries that have reported cases with some alacrity - however, it is still allowing travel from a other countries with suspected/confirmed cases. Which makes no sense at all.

"A little harsh Regulator, many of us have experience of running public companies and we have a right as shareholders to express our disappointment. I realise you are very knowledgeable but I understand you background is within the NHS so on this occasion your faith in Colin, as was mine, is misplaced."

As I have indicated previously, although my background is in the NHS, I currently work in the commercial sector 'with' rather than 'for' the NHS.

And we have to take into account that ODX were having to deal with a department that has lost many of its most senior and experienced civil servants, and with policy being decided on the fly by a government that is entirely incompetent, corrupt and driven by the latest right wing gutter press headline. I know just how hard that is. I have had the experience of dealing with DHSC and the NHS on procurement and contracting matters throughout the pandemic - and it has been absolutely shambolic! Far worse than anything we've experienced previously (and that was bad enough).

"Realistically the best way to achieve this is wait until the AGM and vote him out. If you got enough shareholders together (can’t remember if it is (5% or 10%) and call an EGM but the process would probably take you past year end anyway."

A shareholder rebellion didn't exactly work for Nanosynth/RMS, did it?

Frankly, I'd rather stick with an experienced CEO like Colin than a bunch of PIs who think they know better...

"@BIGBangs

Correct, we all went in based on a lie, a contract that actually does not exist, a contract that is still boasted about on their website."

It wasn't a lie - the contract did/does exist and can be found here: https://atamis-1928.cloudforce.com/sfc/p/#0O000000rwim/a/4J000000kI0H/EySZ28HhbGWp.KyQFExkrBzY54f6HXd6hOd1W5fDn3E

If you don't know the basics, perhaps investing isn't for you...?

Yep - the really big news is yet to come...

"Regulator, I agree although we have yet to achieve the necessary approvals to produce tests from anywhere in the world."

Err... not quite. We do have tests which are already registered and recognised for professional POC use in the UK and the EU. What we are waiting for is self test approval - and again we've been somewhat screwed over by the government changing the approvals process, primarily in response to Daily Heil headlines about testing firms (rather than diagnostic manufacturers) ripping off the public.

" The contract may have been one sided to a degree but ODX would not have had the opportunity to alter much, indeed they would have been foolish not to sign it, we have ended up with the cash and the machines on site and ready to go. "

And the government could have, under the Covid Act emergency provisions, commandeered the ODX capacity/facilities anyway...

"Okehurst, whilst I am currently far from happy with ODX BoD, let’s not forget that the villains here are those within HMG who have continually ordered Chinese tests instead of using the UK suppliers that they had put on notice. Disgraceful."

Not only 'put on notice' but effectively restricted from trading freely...

"RegulatorUk

If I had a pound for everytime someone says.. Wait till the American markets open we will fly, I would be a very wealthy man now!"

Absolutely! It's a classic sign of people not understanding how the markets and trading actually works...