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wot a prat

Hospital admissions are down twice as much in over 65s that under 65, all down to vaccine

Great numbers today 50% reduction in cases from last Monday to this Monday, and vaccine is just starting to kick in.

HOPE IS BACK

That 1.65B is ring fenced for vaccine development

Bojo said at a primary school visit today that he has 50m rapid tests available.

Guess they’ve been stockpiling innova as surescreen won’t be knocking out that many yet.

yeah, we had a thread last week all about cycling, let this week be rugby thread week. England in trouble me thinks.

well if I'm highly protected against get seriously ill from flu for example, I'm pretty comfortable, and I imagine most will consider the same for Covid.

All that 'demand' but not a single order announcement from ODX, and ODX has said they will announce all significant orders.

Either ODX is lying (hint they aren't), or the demand is being made up by those that want to convince others (hint it is).

Almost zero chance of another lockdown. Most recent data for AZ vaccine is an amazing 90% protection from just the first shot. With every adult in the uk having the 1st jab by end of July, and many at that stage the 2nd, at that time 90% of the adults you coming in contact with can't possibly have covid, and a 90% protection from catching it if you do. Meanwhile researching into the possibility of giving the shot to kids, the vast vast majority of who don't catch it, and the vast vast majority of those that do never have syptoms or only mild ones.

Vaccine data is far better than imagine. Vaccine roll out amazing (well done NHS). You'd almost think many here are hoping for worst case scenario to make a few quid.

you'll note the lack of replies, please dont ask awkward questions.

You'll be told ODX, as a manufacturing company has this unusual business plan of producing tests at maximum capacity week after week for 5 months now, but thet don't ever sell any.

why were you doing antibody tests ?

There was no letter of credit. A number of details relating to the now expired dhsc contract with Abingdon appeared in their prospectus for their application to list on the stockmarket There was a one of payment of circa £1M for raw materials. This contract generated 1M units sales, of which odx manufacured 250k. there is no ongoing draw down from dhsc for continued production. Dhsc does not have any contract with the consortium for antibody tests.

Finances definitely do not support any notion that a placing is required

There’s a million of them out there already known about. Odx made 250k of them. That’s the only announced order....and odx had said they will announce any significant order

But an overall loss, that meagre cash burn doesn’t account for the capacity expansion. Whatever the gross profit is, it’s gone into expansion

"but just as those who say they are making them don’t actually have that knowledge, neither do you to the contrary TWatcher so don’t pretend otherwise. "

But where does that end, you are suggesting that rampers can say just ANYTHING and unless the company states the opposite, it has to be considered possible ?

You don't need to beleive me, in fact I don't want you to beleive me. simply look at the interim report from 2 weeks ago, as I've done.

" the year-end cash position is expected to be in the region of GBP5.5 million to GBP6.0 million. " I looked at the figure for the close of the previous 1/2, and the cash position @ sept 2020 is £7M.

So entire cash burn for the 6 months to march is estimated by ODX at £1-1.5M, and that includes all the kit they purchased to go from 100k a week capacity to 1M capacity, and the remodelling costs of the factory etc. Revenue from all covid related activities estimated @ £1.5M, that INCLUDES the already known 250K RTC, and some 3rd party work. And that's revenue, the profit on that is a lot less. So it's not like they are forecasting major LFT sales income that can be used to fund production during the 1/2 year.

Now take that ODX estimated cash burn and attempt to mate that to the rampers telling you that ODX has been operating at full capacity each and every month, and will continue to do so to end of the financial period. On an average of 250K a week from Oct to Dec, and 500K a week from Jan to march (I'm way lowballing the actual capacity chart figures), the rampers will have you beleive that ODX will have produced and stored over 9M tests in this financial 1/2 year, with NO impact on cash balance.

Anyone having a cursory glance at ODX's own figures will conclude ODX is not forecasting any manufacturing of tests in there figures. Take that, and add the known fact that ODX has not once stated that they are manufacuring tests (excluding the 250K), or indeed stated or guided production figures, only capacity figures, and the conclusion is blatantly obvious.

"There was a letter of credit granted to the UK RTC for the purchase of raw materials for AB LFTs which would cover it TWatcher. "

Abingdon stated in their prospectus that they received an upfront payment of <£1M (just under £1M as i recall) for raw materials in relation to the 1M unit order they received from uk gov. That contract expired 15th of Feb, with no additional orders.

the irony of doing the first ever post, with a subject line of "drivel" and then proceed with a rant on a football club, is priceless.

ah the old "odx is making tests and just not telling anyone" line. I remember that being used repeatedly in regard to the RTC antibody test. So they are now making shed loads of antigen test, they are making shed loads of antibody tests, they are not selling a single one of them, but putting them into storage. The people posting this drivel never consider that doing so would require, at this point, £Ms a month to be spent on raw materials. ODX does not that money sitting about in cashflow.

Actually it is likely the complete lack of meaningful sales in the previous quarter that lies behind ODX now getting to its long forecast 2M a week capacity by getting freebie equipment from uk gov, it is reasonable to assume that ODX had dialed in many Millons of LFT sales for the last quarter, when calculating funding required for capacity, and with such flow of sales, not happening, would have struggled to hit the forcecast.

1) CK said "early in the new year", in a few days we will be in March. There is not a single regular to this forum that thought we'd still be waiting for a TT announcement at this point in 2021. It's still in progress, so I guess an announcement is only mandated (assuming TT doesn't complete beforehand) when ODX determine that "early in the new year" has passed.
2) Way back in Nov, and again in an updated gov doc in dec, three was a list of 6 antigen tests that were at phase 3 validation. Innova and Surescreen were named, a 3rd one was named, and 3 others were unnamed. Innova and Surescreen have obviously progressed. There was a broad consensus on this forum that the mologic test was one of the unnamed ones , it was thought that the Mologic full gov validation would have happened long ago. in fact I recall many saying the gov doc dated in Dec was historic, and likely the Mologic was already fully validated. But again NOTHING has been heard, Mologic (unlike Surescreen) is not currently delivering tests to uk gov.

What the hell has happened around the entire Mologic process, and why are the many on here that hung their hat on the mologic test as the saviour of ODX not questioning it ?