Member Info for TWatcher

Marik could go to Meatloafs funeral and comes back and still insist his death as a rumour.

It just goes to show, that even when a company had frig all identifiable prospects and has proven to get things wrong time after time, even in a death throw, some one will crawl out of the woodwork and try and do a ramp job.

As a reminder, Marik arrived on this board only some weeks ago, and proceeded to pulverise it with incessant rampy crap. I note he went from posting dozen of times a day, to not post at all in the last few days. But here's some of his recent greatest hits

9th of Feb
"but I would in my opinion say that Omega Diagnostics could be bought out soon @ c. £275m,but I would say a cheeky offer anywhere between 90p to 165p could well be tabled."

Also 9th of Feb
"THERE IS NO PLACING"

8th Feb
"With £3-£7 per test, the revenue potential is between £300m - £700m p.a."

3rd Feb
"If ODX were to gain a big order worth let's say £750M and they had to scale-up, they would increase the inhouse facilities and employees"

31st Jan
"So far I'm getting a burn rate of £57k per month "

So to summarise, 2 weeks ago he was looking for a bid of 90p per share for ODX, and his research had told his there was no placing, and the cash burn rate was £57K a month. This was when the SP was in single figures, it had been stated twice by the company that they DEFINITELY would be doing a placing, and many including myself had estimated the burn rate to be between 500K-650K a month (turns out it is in excess of £500K a month).

So discussions began under CK. Be interesting to know exactly when in Nov....DAM "head of terms contract" (which is still how they referred to it yesterday), was also signed in that month...which by the way over 3 months later they have been legally unable to sell a single test in the UK.

"Stacks with our debates on cash burn after the interims "

Well it stacks exactly with what I said at the time. I do recall many suggesting it was less than £100K a month.

but then again according to some, I'm the CEO :)

"we will delivery 2M lft per week in april", was the tweet that suckered me in.

Jag takes a big drink of water when the CFO says they didn't have a sales team focused on LFTs....wasn't Jag head of sales at the time ?

I see DAM is still be referred to a"heads of terms contract" 4.5 months later

Chai, WHO and clinton unicef...and all those wonderful names, 90 countries eligible to particpate, the entire addressable market is $20M, potential to realise $6-$10M in 3-5 years. That sales mind you......in 3 years....potential !

It is not a golden ticket

there are going design and develop Microbiom, nutrogenomics testing and diagnostics with a grand total of £400K in R&D ?

"A Market leader in food diagnostic"

A couple of slides later, the US market alone is $50-$100M...none of the companies currently getting that share of the market are the market leader ?

"slight lag in adoption"== it didn't sell well

outsource manufacture of covid products. Given it was pre-cursored with the fact that china can make them far cheaper, expect "made in china" on visitect covid products.

A Market leader in food diagnostic

How, sales, profits, is ODX actually the world market leader ???, the've sold bugger all.

and of course I was being sarcastic....they are saying it wasn't their fault, when it clearly was

It was our fault !
You signed the contract without built-in penalties for failure of the other party to fulfil the contract...it is the company's fault.

"Personally I wouldn't have cared if they took the whole sales team to Dubai, if they had produced any sales to justify the trip"

Exactly, which is the point I made earlier, Caley is concerned about the price of a sales trip, not the outcome, which is as shortsighted as you can get.

"In fairness twatcher you claimed only one person from odx went to Dubai and it cost £2k. On both accounts this was widely wrong. I merely pointed you could be anyone including jag which was based solely on your summing up of the Dubai trip nothing else. So calm down."

My exact phrase was "Dubai was a 1 man operation standing in the corner of someone elses stand with a pop-up. I'd guess it was less than £5K, possible £2K unless they splurged on biz flights."

So I did say one man, but I GUESS £5K possibly £2K. I did not claim anything. This was based on having both visited and exhibit at trades shows every year for over 30 years (except the last 2 covid years), where I've witness dozens of times people are allowed to exhibit on 3rd party stand for nothing, which is entirely how the picture looked to me.

However its good that you can say my £5K possibly £2K was "widely wrong", clearly you now have the exact figures to be able to say that, or are you just making stuff up now, like alluding I was the CEO of ODX ?

Why is it that people just immediate reach for an accusation when they lose an argument ?

For the best part of 2 years I've been telling it like it is about ODX, to he extent people threatened to smash my keyboard to pieces, stated I was paid per post to talk the share down, and had vile abuse from those that wanted to ramp the share to high heaven.

And now, someone that arrived on the board less than a week ago has me potentially as the CEO of ODX, because they don't like an answer.

I've come full circle :)

"...for all I know you're jag throwing out more confusion."

Was the reply to a post that I started with "leaving aside that ODX is absymally run and looks to me like its pretty rotten..."

Do you even read the posts you reply to ?

1) Computer909 makes a good point why does a chinese company what to maufacture tests at a far bigger cost than they currently do, clearly they see something that ODX does not (surprised ?)

2) "Chinese tests cheaper than the Raw Material cost to Omega ".

Why did it take them 2 years to discover that they were attempting to break into a market that was dominated by players that already had massive gov contracts, had vastly more yearly capacity, could produce tests to the standard required by the customer, and at a small fraction of the price. Could someone FFS explain to me exactly how they all signed off spending two years going down a rabbit hole without even f*cking well doing research on the market they were trying to enter ? If you went to a bank manager for £50K and said you were up against someone that had could produce far more, far cheaper, to the required standard, and already had contracts with the customers you were trying to get, what do you think the bank manager would say.

I know some may say hindsight is 20:20, but it does look like some very basic basic stuff wasn't done.