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my concern is that Colin earns £200k - thats, after tax, £10k per month. What is his drive to make Covid to succeed? He can keep earning his £10k even if tmw he bins Covid tomorrow.
The Q&A last time took 3 weeks to be published so surely due this week? Based on the tone of the presentation, not looking forward to seeing the Q&A if I am honest - was really hoping for some positive new news to distract.......
Not a lawyer, but we are in a strong posittion as we have the money and the equipment, though we can’t use either until agreed an outcome - how long and expensive will that take?
contract has several grey areas - hopefully this will lead to some kind of amicable agreement, though how long this will take is anyones guess
Not sure the DHSC / Govt will want to appear to have ‘donated’ £17m of machinery to a company that then goes on to make millions of pounds of profit on the back of it - I can already hear Joylan getting his pants in a knot!
not too worried about the DHSC - concern now is that we are in a legal wrangle around the monies, while at the same time we have £17m of loaned equipment
- can we use it?
- will we have to pay for it?
What a mess calamity Colin has got into!
"Looks like they had another meeting after been called out"
Sorry, what does this mean?
Think of it as risk management - the key now is the test getting approval (HUA).
How confident are you we will get it?
If they don't get it, then what will happen - what will next drive the SP upwards?
Consider also if the approval takes another 1/ 2 / 3 months - what will happen then?
I have a holding a bit smaller, but it has taken a big hit on my PF and I am kicking myself for not managing this better, but we are where we are now - need to decide what to do and honestly, not 100% sure - I lean towards holding but daily drops of 5% - 10% is very painful and when you see no positive sentiment, then I question more and more continuing to hold.......
I will hold a few in my SIPP just to get their - really keen to vent my speen at Colin the toad.......
The only possible near term positive I can see is an update on the DHSC situation - but as we know they don't move quick so will have to see.
And obviously, it may not be a positive............
The way shareholders have been treated must be remembered and make sure voting is done to show the feelings. I hope this one is a face to face meeting, I am sure a lot of shareholders will be keen to meet face to face.........
I wouldn't say any of his replies were helpful tbh
He has been sending a few emails today - he responded to a friend of mine about the DHSC situation and that ODX were talking to DHSC about usage of the machinery.
exactly - even on Friday, they tweeted that "ODX still has access to the govt machinery" yet today Paul states that ODX are still discussing it - you would think they would learn!
TBH, its had 'staggering potentuial' all year - the issue is they have, for one reason and another not harnessed any of the opportunities as yet.
Our transformational year really has not delivered much at all and in the short term, not likely to deliver too much more if I am honest.....
Approvals we have no idea on.
CTDA is almost a month since we got an update and been barely a handful come through for approval so far - must be 100's of tests out their still to be assessed so not holding my breath that will come soon.
EU approval - god knows!!
the fact you use the word 'imminent' on an ODX board makes your proclamation of the timescale of the approvals even less useful
thats why I am about 50% down ????
My strategy is to wait for CTDA which I assume will come first - that should bump us up a bit.
Then see where we are at then - the HUA makes me nervous as if that is declined, we don’t have much of a plan B - the DHSC contract needs Mologic test and FDA seems some way away.
I have an average of about 55p but considering options - ODX have failed to deliver so far - in part let down by GOVT (ABC-19) and unlucky with approvals (Mologic failing at PD).
My research is fine but the two biggest issues blockers have been things outside of ODX’s control. DHSC contrsct maybe could have been managed better, but we will never know.
I am still unsure - heart says stay, brain says derisk - not decided yet but plan to take a couple of days to decide.
Here is my theory:
get CTDA (ie professional use and we get maybe 10% - 15% back, though held back with
get Home Usa Approval - we get a rise of say 50-75%
Contracts start to drop and continues to rise
So yes, but need the approvals
New board members from start of H2, the company feels like it is maturing from the previous which lets face it, was pretty infantile 'Incolinwetrust" BS etc
I strongly get the impression the company is pushing forward and being more professionally and this is a small part of it. CHanging the Twitter handle isn't exactly a huge change so not too concerned.