Member Info for StarBright

GS's response illustrates perfectly why a takeover is highly unlikely. Too many PI holders.

Why? These are described as mega labs for processing PCR tests. Omega isn't in the business of running labs.

Read the article(s). I can explain it to you but I can't understand it for you.

Highly unlikely. Omega’s business is manufacturing diagnostic tests.

Prevalence isn’t anywhere 10%, so the illustration they use is fundamentally flawed.

I suspect he wouldn’t welcome that being shared here.

Agreed re ramping. Some shameful posts here daily, in amongst the endless twaddle about MM’s/NT to buy/tree shakes/all sells are buys/they want your shares etc.

However, it’s possible that the recent drops have shaken out a lot of disappointed holders. We’ve seen a >50% retrace, so some will have been hurt. Many posters on this board were making capitulation-like noises prior to the modest recovery Friday pm.

In the end the sp will move on progress/news compelling enough to attract new investors and their capital. Moves without this are unlikely to be sustained.

Too many PI’s.

Whilst the vast majority of shares are in PI hands I think a takeover is extremely unlikely. Enough would have their hearts set on an unreasonable price - imagine the discussions here! - that you’d never get to the required level of acceptances, whichever route you went. There’s no reasoning people out of positions they haven’t got into through reasoning...

I don’t think we’re going to get MHRA approval in the manner popularly envisaged here (ie leading to the test being available to all via Boots/Amazon/whoever). But I don’t think it’ll matter either.

It’s likely that the reason for the apparent delay in MHRA approval is that our government don't want home testing kits available to all. From a government perspective, three problems would be created:

1. People who have positive antibody tests might be less inclined to obey lockdown rules
2. Home testing with immediate results doesn't support the centralised collection of statistics
3. Home test results wouldn't be visible to Track & Trace

Home antibody testing hands control and data to individuals. This isn't in line with contemporary government policy. Therefore the application has quietly been placed in the long grass. Very short-sighted, and very frustrating.

It's not new news though. I think it's been widely understood & discussed here since September even if the daily bleating for an MHRA RNS continues unabated. Posters waiting for MHRA approval (because they think antibody LFT kits will sell like hot cakes on Amazon) will continue to be disappointed. My expectation is that even if/when MHRA approval is given, it will be accompanied by meaningful restrictions designed to ensure that central control of testing outcomes and stats is retained. These restrictions will be explained in "for the common good" language.

The test kits Omega can produce will all be used however. Just not in the way some here continue to envisage.

Yes - it shouldnt be hard to re-test all the positives. I thought that was what they were *supposed* to be doing with PCR tests, although I've heard nothing on that since it was recommended.

False positives are a material issue when prevalence is low.

Re-testing would reduce the incidence/impact of false positives to almost zero. It's really hard to understand why this isn't the norm.

Yes - that’s an interesting possibility too.

Speculation here at the time was Avacta, or one of the other testing companies.

We don’t know. But I can’t get from there to imminent TR1’s.

How can you possibly conclude that “...there is more than what meets the eye.”?

I assume Omega provided something of value (advice?) in return for the funds.

When shares are bought on the market, the company doesn’t receive any funds. Whatever was referred to on the call wasn’t anything to do with shares being bought.

A call for discredited PCR testing to be be replaced by LFT. This is based on the startling outcomes of the LFT exercise in Liverpool, which has shown COVID to be about 1/3rd as prevalent as was thought.

https://threadreaderapp.com/thread/1327684264977117185.html

The difference is that Reckoner & TWatcher understand how percentages work, and you don’t..!

Greg22 - I would like to know if the price is dipping in a few minutes time. Thanks in advance.

It’s a horrible spot Ridlevski, but we’ve all been there. My advice - step away from your screen for a few hours/days until you feel less numb. It will pass.

No. According to the Lore of LSE as spouted endlessly on this ‘board, “MM’s are dropping the price because they need your shares”....

Big tick up on the 5 minute chart...?

Lol.

The chart in the first YouTube video is just amateur nonsense. I can't see - and he doesn't explain - any reason why he's "adjusted" his green line other than to humour the idea that a drop to 55p would be "still in the channel".

As we've seen, news came out and the price moved pretty sharply outside all of this. I didn't bother watching the second video; I'm confident it can be disregarded safely...

This type of charting has its place. But not with a heavily traded news sensitive share like ODX.

A survey? I’m hoping for a follow-up intra-day (timed to burn the shorters..!) RNS telling us that our CEO plans to wash his car over the weekend