commercialisation in summer!28 May 2020 15:42
Here is the response I received from CK this morning -
On Thu, May 28, 2020, 6:41 AM Colin King wrote:
No need to apologise for emailing me directly and I understand that you must be upset.
I think its fair to say we were all very annoyed with the regulator yesterday.
With regards yesterday’s RNS, I am afraid this wasn’t something that the company or our NOMAD wanted to issue, we were forced to by the AIM regulatory. We tried to push back but they were insistent
Their rationale was nothing that I had said, but the 50m tests referred to at the start of the interview by the interviewer. They felt that investors could have misinterpreted this that it was Omega and not the consortium that would be supplying that quantity of tests.
I was very deliberate in not disclosing anything that wasn’t already in the public domain and it was an opportunity that doesn’t come around every day to inform a wider community of the great work that the consortium is doing.
We will provide an update for both the Mologic ELISA test and the consortium self test as soon as we have something meaningful to say.
I have been avoiding giving out timelines before we achieved design freeze but confidentially we are happy with the progress that is being made and my current estimate is that we will commercialise over the summer months.
I hope that helps ease some of your concerns.
Best regards
Colin
From: xxxxxxx
Sent: 28 May 2020 00:25
To: Colin King
Subject: Today's ODX RNS update on stock exchange
Dear Colin,
Apologies for this direct email to you.
I'm a shareholder in ODX and really enjoyed your interview on Sky News and I have put some of my life savings in ODX as I believed ODX has massive potential for growth and doing its part in saving lives from the pandemic.
All the shareholders very happy to be invested until the RNS update that you provided at 4pm today. Many shareholders like me have lost money following that RNS update.
I agree that am the one to be blamed for putting money into ODX but I believed ODX can change my life fortune too,
Many shareholders believe that there was no need for such RNS and also why a SKY news interview was done before updating the investors about the progress.
We shareholders request you to issue a RNS update to assure the investors that we are making good progress on launching the product.
I appreciate that you have number of things to sort out. We true shareholders of ODX request you to provide positive update tomorrow to assure the investors of the progress. After all we all want to see ODX prosper and reach new growth heights.
Looking forward to your response.
Thank you.
Yours sincerely
ODX shareholder