Member Info for TWatcher

Grrrr...I held mine in an ISA so no CGT, but I guess that means its not considered a CGT loss either.

Caley2,
leaving aside that ODX is absymally run and looks to me like its pretty rotten, in general terms you can't expect any company to respond every time someone asks how much did something cost. A company has sales costs all the time. Do you expect an outfit to tell you how much each advertisment costs or each marketing promo, etc. The place for costs is in the yearly/ half-yearly report, and even then it probably gets wrapped up in an overall market/trade shows column.

Clearly if within a couple of weeks of it they announced that they had a £250K order, then suddenly the cost of the going to the trade show isn't a talking point. The issue is why no sales. Wrong type of trade show, products not interesting, too much competition, bad presentation, those are the questions that would be far more relevant.

"On the one hand this board states they don't trust the Omega Board "

People don't trust the board as it's all gain and zero risk, so what impetus have they to come up with an actual real way out...none. If they had combine £250K of skin at stake instead of <£40K (and on the proposed salaries that makes that £40K just a ticket to the salaries), they have nothing at risk. Why should investors invest when the board are not investing in their own strategy ?

But hey, you go right on ahead and call the entire room nuts, you must be such a wonderful dinner guest :)

"You are all quite simply nuts."

You'll always come away from a discussion feeling great about yourself if you call everyone else in the room nuts..

nice one :), you're such a seasoned argument winner :)

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. I wouldn't get wrapped up about it all, it's not important in terms of spending, except of course that over a month later there have been no announced orders as a result of it

"they won't back themselves but expect shareholders to?"

This is the point that needs to be hammered home to them...people might invest if they see the directors get some substantial skin in the game, and not those almost shameful token amounts that work out as bugger all compared to what some of them cashed out at March 2021.

You can almost hear the conversation when they were working out the details.

"I guess they are going to say the obvious thing, that the directors need to show they believe their strategy will work. Well I'm not investing....don't need the risk...me neither...ah come on guys, ffs if we push this across the line we secure our 100K+ wages for another couple of years, its like taking candy from a baby, £20K in, £200K out over 2 years in wages even if the company falls flat on its feet, and if by some miracle we actually stumble across something that makes the SP rise, we have the icing on the cake too.

"Long term investors can see where the value lies in this company"

Which long term investors would that be, the ones that bought at 60p,50p,40p, now needing the SP to do a x10-x15 just to get back the money they "invested long term". Maybe the ones that recently bought when the company told them they had significant cash and did not need to raise funds, only to launch a strategy to force the SP down below 5p, and cause those "long term investors" to immediately lose 50% of their long term investment.

Would those 50p long term investors not have been better spending 1/10 of the money a year later for the same number of shares? Those that put out the "long term investors" crap, are just writing crap for crap sake, because it doesn't stand up to primary school maths. If anyone sees value in buying those 50p shares today, they should not be investing.

The only place that long term investors can see value in the company both historically and currently, is being a member of the executive board of ODX. Practically zero investment in the company, no realistic performance based profits, and hence zero incentive to make the company work, and little to lose if it doesn't, all the while bank-rolled by fund-raise after fund-raise.

There he is, back shifting thru 100s and 100s of messages ignoring every single one of substance, to reply about some minutiae about one gov dept working for another gov dept, I suppose he is multi-tasking with being gold leader and booking his holidays and waving at some posters on here. And anyhow, he was always invested for the food intolerance stuff, and investing isn't for the short term...blah..blah...blah.

"There will still be demand"

On the contrary "remove the statutory requirement, remove the usage" appears to be the norm. And if people are required to pay for what was once free, and there is no legal need to test....well it doesn't take you to be a rocket scientist to figure out what happens next.

The daily numbers are vastly down on a few weeks ago, in part due to the reduction in cases but also the numbers took a dramtic fall because the official case numbers are + PCR tests, and as soon as the statutory need to do a PCR test after a +ve LFt was removed, people stopped taking a PCR.

"The Company does not intend to purchase the Government-funded equipment for its own use, and is currently in discussion with partners who may be willing to purchase the equipment."

Why is ODX part of these discussions ? They aren't the buyer, they aren't the seller. Has gov told them they can write off the £2M debt if they can find someone that wants the LFT equipment, as clearly HMG have no use for it otherwise, their building out of UK manufacturing capacity strategy seems to been left behind at one of the downing street parties.

MArik probably still thinks the fund raise is a rumour.

"honest question"

How many times have we seen that old gem, "let me state how stupid I thought you were, but I'll phrase it as an honest question".

Computer didn't trash it, it trashed itself he was one of quite a few of us that did not beleive the crap coming out of ODX. Unfortunately even the bits I didn't think were crap, turned out to be crap.

maybe they just dont like you ?

"It is simple just kick all of BoD out and we need someone come take over to restart again"

If there is no board of directors, who picks the new board ?

does it break down "Working capital - 3.2m".

With a big majority of employees of the books, (taken on by OG), and not having to carry the Alva site, what does working capital involve. 400K to broaden the health product range doesn't exactly scream that they are doing much in that direction.

"I assume you can read?"

Mr smug returns

somethings never change, sledgy121 still trying to suck people in 2 years later.....

Max, anyone who has been around this company long enough now knows that it they don't announce things, its cause there is nothing to announce.

There are no hidden deals, there isn't a golden fleece masked by NDAs, there isn't someone ready to swoop in with a massive order.

"I would have thought if a company buys another warts and all"

They left the warts, just buying the alva factory for pocket money.

"the rest is moving costs"

They said that, but went onto say that it might cost too much to move, and there is no indication what they will use it for if they decide it DOES cost too much to move.

"oh it worked it too expensive, anyhow, we've got all this extra money, that'll keep us in wages for another couple extra years now"

If the shareholders are serious about, effecting worthwhile change, stipulate that any fundraising deal is tied to putting the directors on a good basic wage, plus options based on SP reaching certain targets. It might come as a shock to the directors to have to actually work for the benefit of the company's owners, as there has been no evidence to suggest they have done so to date. Then we'll see if they back their own decision making in driving the company forward.