RE: No RNS....why?23 Sep 2021 11:37
Regulator, “ Not a business man? He's the chief executive of a listed company, and he's got a track history in the field. I'd suggest he's more of a 'business man' than many on here.”
I think we can name a few CEO ‘s of listed companies who many wouldn’t want to invest in. Colin King has overseen the company, whilst tweets were made promoting the company, whilst his fellow executives were selling into the rise. We also have had no Rns detailing sales etc, when we are in the middle of a pandemic. I will concede that there may be confidentiality clauses we don’t know about, which prohibit him from saying too much, but equally the contract he signed with the government could be heavily weighted in their favour, dangling the £300 million plus in front of us, obliging us to be ready to produce, whilst not actually making any orders to buy.
“ There's a big difference between Mologic and ODX (which I hope an informed investor would understand). Mologic is a private company - ODX is a public company. Any takeover of ODX would be subject to shareholder approval and the board could only support it if they felt it was in the best interests of shareholders.
You are stating the obvious there. Of course it needs approval, but the management thoughts on the takeover would hold a big sway in how people may decide. As I have said, Colin appears to be an honourable man who wants to help. ODX have worked closely with Mologic ( and hopefully still do), which would make for a good team.
“ RNS aren't there to "promote the sp". Too many people fail to understand what RNS announcements are there for and when they are required, and then go off on daft flights of fancy, fueled by a lack of basic understanding of how listed companies work...
I accept that was clumsily written. We all want to see a positive Rns, which normally have a positive effect on the share price and I think most are aware that an Rns is only required when the company has news which could materially affect that company. We have heard nothing for some time. Ok they may not have anything to say, but also things may be going on in the background which we are unaware of. We can only speculate and what is the purpose of these boards. To see other peoples thoughts and opinions.
I thank you for your response and hope you have a good day and we see the sp rise.
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