The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yes, and I know the current share price and the share price before covid when they were selling food intolerance then too. Also I have shares, need to get to ~20 p to get a lot of money back. So very much hope they make a success of it.
Sorry I mean sell decent amounts to get the share price up significantly
So after years of selling off/closing India/Germany/Alva and infectious disease/allergy/covid/cd4 they are now down to last site last product. Food intolerance Ely…..last chance to actually sell something because if they don’t succeed there is nothing left to go.
They sold the Alva site that did the covid work so won’t be doing anything else for abdx
6 months of pretty much flatline on the ODX share price. This bb is like prison for those living in hope of any recovery. No good news on the horizon. Happy Friday all ;)
Well true captain! It is a panel of hundreds of foods though so might take even the Chinese a while to rip it off. Either way BOD need to step up and start delivering or being honest if they can’t.
Food detective has been approved in China for more than 2 years now. As food detective and focusing on the Chinese and US markets is the new strategy I would like to see omega commit to delivering growth in the short term future. They keep saying 3-5 years to deliver. I would like to see some accountability for delivering now. As everyone keeps pointing out the large salaries of the board it’s about time they either admit they can’t deliver and resign or make a success of it. This really is their last chance. Failure after failure they’ve sold off everything or are in the process of selling off what little remains. It doesn’t seem like shareholders can hold them to account. What will make them change?
Sorry don’t get it……sweetener warrants to invest? Which they’ve already done?
Who’s going to buy the warrants? Can’t imagine anyone putting money into omega now especially if they read this bb. I’m just waiting in the small Hope sp will recover a bit as not much point of selling now. Wish next presentation they’d tell us how they plan on learning how to sell products
I’m the same, need it to be 5x to break even. Pre covid it was mainly around 10-11 p. Now they don’t have allergy or cd4 soon. They’ve always had food intolerance so I still don’t get why they need another 3-5 years to make a success of it. Surely they have some sense of urgency to sell something. They seem to have spent all their time planning and working out how to fundraise rather than driving sales
Agree. Why is it always 3-5 years until they are making millions? They have been saying 3-5 years for years! How do they lose 0.3 m a month on cd4? Don’t make it if you can’t sell it?
Can no one hold the directors to account? Are they not ashamed to continue taking their huge salaries and never deliver good news. Did they only spend the last few months trying to get more money rather than focus their efforts on selling food intolerance to China at long last.
Should be used to it by now but still disappointed. Every rns gets my hopes up that they finally achieved something then you read it and it’s the usual we are going to sell part the business, raise more money and jam tomorrow great potential in China
I agree the government treated the British diagnostics companies very badly especially after boris was on tv at the various companies saying they’d be supported. At the end of the day though there was a whole world needing Covid tests though and omega achieved zilch.
No it’s jam tomorrow until the money runs out then it’s “it’s not profitable”. No accountability. Just sell off site after site and product after product until they are left with no more excuse or products to sell
Colin must think they can sell a covid test at a profit as he works there now after selling the site for 1 million
Why did orient gene buy Alva to make covid tests in the U.K. if it’s cheaper to make them in China?
Really hope they don’t sell CD4, it’s a one of a kind lateral flow test that WHO etc were really keen to see launched. If they could just employ someone with a track record of being able to sell stuff! Still can’t believe they can’t sell a covid test in a pandemic….. maybe we could all volunteer to help sell them and probably they’d sell more
Thanks jaytee…… so even more reason to wait and not sell to the competitor
I hope they are going to explain why they sold off Alva site for so little. It looks so suspicious that Colin sold covid and cd4 to the competitor. Is that not a conflict of interest? They could still get covid approvals through and if they do they will make millions. Omega won’t make a penny after waiting so long. They never told us if they submitted the extra data by the 10th of feb to the CTDA that was mentioned in the RNS on the 3rd.