Member Info for TWatcher

rampy echo chamber formed by a few that did not like to be challenged. I suspect Bigjock and Merchantbanker were regulars, and likely some of the usual suspects from twitter, all contributing their "research" (translated = frothy tosh)

lol..telegram group :)

calderkate, the truth is, the original poster said "The next news will be government contract news,". There is NOTHING to suggest that ODX are even in play for a gov contract, let alone that it will be the next news. Any of us that have been around this share know that the next news we are waiting on is approvals, and none of the LTH are currently expecting the next news to be a gov contract.

I see " I will be making zee lists", djframboise, is now prefacing his list of pretend filters with the exact remark I've been making all year, now you'd wonder how he picked that up since he has me filtered "wink".

Its a balancing act (i.e. they don't want to burn that bridge totally), but the headlines today are the perfect opportunity to get out some clever messaging about the handful of uk companies that have been gearing up all year to assist with the UK covid response, done in such a way that it doesn't back anyone into a corner.

pumpky, the relative point is that in next to no time Omicron has overtaken Delta as the dominate variant in London, so the early indications of it being more transmissible appear to have been spot on.

good news

Last couple of days have seen the biggest change of sentiment by uk gov in regards to covid as we've seen in 6 months. New regulations, massive ramp-up in boosters, the description of a pending "tidal wave" of Omicron. London news cases will be 50% Omicron tomorrow, PM refusing to rule out more restrictions before Christmas. All in the space of 48hrs. If there was ever a day that ODX should move based on covid sentiment, it was today. I remember countless times a mere mention of LFT would get it soaring.

The (lack of) reaction in ODX should be clear to everyone that sentiment aint budging this share. That's how beat down this Share is at the moment because of ODX newsflow. ODX needs orders for products that can be legally sold.

as i said when we were first told, if a contract is expired, it's history. the contract is past tense. Any future supply by ODx to HMG would have to involve a new contract.

oke, we know that surescreen has 7M a week capacity and were aiming for 14M a week by the end of this month, GAD as I recall are @ 4M a week. ABDX I don't know.

I wonder with the apparent lack of futher payments to surescreen from HMG, has surescreen had to rethink their expansion.

https://www.gov.uk/government/news/first-uk-manufactured-rapid-tests-deployed-across-england

So where are the 100Ms stockpile that computer909 has alluded too (which I don't necessary argue with, but I haven't done the maths ).

I agreed that there is a commercial market. However, there is absolutely ZERO and I mean ZERO signs that ABDX is attempting to get home use approval for the RTC test, and that is where the majority of antibody testing lies. The biosure product is being sold for home use (well it was, appears its been caught up in the CDTA thing too).

Regarding DAM and antibody testing, remember that ODX are merely a manufacturing partner for the RTC product, they have no rights to independently seek sales agreements. It's up to ABDX to engage. And with ABDX making the biosure test, perhaps there is now a conflict of interest. The biosure test is retailing at £30, who knows what ABDX get of that, but whatever it is, it doesn't need to be shared with a consortium, and in a market with limited buyers, you sell what you can make most money from.

bigbangs, Although CK said in July that one of the two main usage cases for antibody testing would be around booster rollout, it (AGAIN) has proved to be incorrect. From a purely logistics point of view, it isn't workable. What is better, doing a fingerprick test, waiting 10 mins reading the test, then deciding on whether to administer the booster or not, or just give the booster. One takes 15-20 mins and requires 2 engagements with a professional, that other takes a min or 2. And With the number of people being boosted per day (and the target is now circa 1M a day), you'd never get that thruput with the first option.

So that just appears to be yet another usage model we were sold that just was plain wrong.

One of the questions I have asked, is around the two usage models he indicated would require antibody testing (boost and selective use of vaccine in scenarios where vaccine was limited), and asked that in the 4 months since he laid those usage models out, was he aware of either of them being used anywhere in the world.

well they did take 2 weeks off last christmas, while having many beleiving that mologic TT was just around the corner (actually happened in April)

Worth noting that ODX separated out £2M in the accounts on the basis this would have to be paid back to HMG via goods supplied. The question is why did they separate out £2M, when it appears the gov is of the opinion that £2.5M is the figure, did the new CFO guy start off with a £500,000 miscalculation ?

I've looked thru the contract, and it appears really clear to me that ODX will be required repay the £2.5M.

the relevant sections are
Section 2.5 (how the contract works)
The pre-production payment will be deducted from charges payable to the supplier or re-paid to the authority in the event that all the pre-production payment has not been repaid to the authority prior to the contract end date in each case in accordance with schedule 3 (commercial model)

Schedule 3 (term 7.1)
"if the contract end date is earlier than the date on which the authority has been repaid the preproduction payment in full in accordance with paragraph 4 the supplier shall pay to the authority the balance remaining unpaid of the preproduction payment on demand."

Page 34 defines the "end date" as the earlier of the expiry date or the termination date if either side decides to terminate. ODX has told us, and it is apparent from the contract that the contract expired on the 1st Oct, this is the "end date".

If it took me, a layman, 10 minutes to determine from the contract that its set in stone that HMG was always getting their pre-production payment back, then I'm not sure on what basis ODX consider there is an argument to the contrary. In my opinion, it's another smoke screen. Their only hope was the "on demand" clause, meaning that HMG might not have demanded it back, however we've been told today it has been demanded.

hey stas20, would you ever just go and f*ck off, yesterday it was all rockets and definite positive RNS, and today its all doom and gloom.

I don't recall ODx stating how many employess they had, as opposed to agency staff, did they put numbers on it, my recollection was that we were previously advised that many of the 250 were agency staff, effectively not on the payroll per se.

ODX was a company that had 100K a week capacity, and was signing deals with other similar sized or smaller companies for may be 40K-50K tests in total, contracts were probably a couple of pages both sides primarily acting in good faith.

So when a contract comes along that apparently will use x20 that weekly capacity, will fund a big part of that capacity ramp up, your eyes probably open-wide and you just sign up assuming like previous, both sides are working in good faith and everyone is going to be quids in.

Which is fine if it's your company, but if you have ZERO experience in dealing with gov contracts, which include pre-conditions that another gov body signs off on the tests being used etc, you really should bring in outside help that has relevant experience in such contracts.

In my opinion,I'm pretty sure CK in hindsight can't beleive how one-sided the contract is that was signed.

I guess we all had pretty good heads up when the freedom of Information reply said the uk gov had no requirement to provide ODX with a test, and then ODX countered and said they did. I remembering at the time saying that they'll be no surprises as to who wins that argument, but you couldn't predict this total contract collapse.

It's his own words when others left...if you don't like ZZtop1 words now, when you previously did....i suggest you take it up with him.