Member Info for TWatcher

SneakySimon,
You forgot the 3 countries that were 'imminently' going to finalise their validation process, after which there would be substantial orders

That was in mid-july.

Frankly, I'd much prefer a sell order just over a £1, but each to their own.

Ah the ole "but but I've got you filtered" ploy, even after you've just responded to a couple of posts...love catching out the pretend filterers :)

"You didn't tell us that you loved it though did you Twatcher. "

tut tut...clearly still haven't read the thread then? and yet telling others what i did or didn't say about it, that's quite the feat.

what i said on that thread was:-

"It's actually the best info we've had on either the original or the revised version.
We have a definite Mologic price, shelf life and confirmation that the FindX study was the biggest study that FindX have done. It's very likely IMO that the ODX visitect one is the same as the Mologic/GAD one, and if that is the case we even had a template for the instructions and what it looks like."

For those that missed it the first time around, this was the discussion on the mologic video

"Loved the Mologic video shared last night."

Many of us loved it the first time around about a month ago, when Oke found it and it was discussed at length. probably the most significant actual real data we've had in months.

Good that you've caught up.

"colin said this...colin said that", without referenced sources it may as well be simply simon said.

Consider anything and everything said by a twitter random as irrelevant unless sources are cited and provable.

you feeding the pandas again ?

thats not what that says.

it says ABDX is doing a TT. it doesn't say GAD will not be making the test. In fact it specifically states a combined monthly capacity for the test.

Is this the bickering thread, version 2.0 ?

Ah, the usual suspects decide to do some trash talk instead of talking about the cash position :)

is this bickering thread members only or can anyone join in ?

Cash position.

I''m assuming they did not give an update on the cash position at the AGM, as that would have had to have been RNS'ed.

So the position that we know is as at 31st of March, which was £5.8M. ODX made a loss of £2.1M, on revenue of £8.7M, revenue was 11% down on the previous year, with covid having a negative impact on the non-covid products (and unfortunately having no positive impact on the covid products).

But that 2.1M loss included raising £10.3M from the share issue. That share issue was primarily but not exclusively to fund the capacity expansion to 2M, but as it turned out, they only had to buy equipment for 1M units a week, as the gov gave them a loan of equipment for the other 1M plus free toyota personal for commission and optimising the equipment. So a loss of £2.1M with £10M coming in from a share issue that only had to fully fund 50% of their capacity increase.

So far this year they have received £2M pre-production, some of which has been paid back thru the cassetting service. Now they don't have to fund further expansion, but given they made a loss of 2.1M when they had funds left over from the expansion funds, their cash burn rate this year, when they don't have excess funds from a share issue, is going to be higher.

The much vaunted employee head count has to also been considered. They ended last year with a lot more people than they started. Its clear from the full year presentation that some of that head count is agency and zero hr, but still the implication is that going into FY 2021, they have a bigger head count than going into FY2020, which means ongoing bigger wages. Impossible to dial in furlough as we have no data on furlough usage so have to ignore that.

So the position is not entirely clear, but I would not say that going into FY2021 with £5.8M cash£2M prepayment, and increased head count, compared with a FY2020 with 0.6M overdraft and £10M funding, some of which wasn't used for its intended purpose (plus £0.5M prepayment) and substantially less headcount, is a better position.

And no covid orders 6 months thru FY2021.

I generally ignore twitter posts, especially from those that have zero bona fides, and are just making random uppy or downy comments. They are actually just random posts. However when the point they are making is backed up with facts, i.e. in this case a quote from wallbrook, that is easily verifiable, it is a different matter.

Well done SneakySmion.

its a reply from wallbrook. Of course you know it's easy to check, by asking wallbrook, but I'm guessing you haven't bothered.
Are you really invested here, and don't bother to check crucial information that is easily verified/ discounted ? Better to keep the head in the sand, perhaps you should filter me, that'll make it easier to have plausible deniability.

I'm saying that FTSE is littered with companies that came crashing down primarily based on the CEO's hubris.

Not for a second saying that's the case for ODX, but to suggest that a ceo remaining "brazenly optimistic", alone means "massive is brewing", is just wrong, and has been demonstrated countless times in the past.

" I can't believe any CEO would brazenly remain optimistic if there wasn't something good to come"

I take it you are kinda new to investing ?

pay attention at the back.

https://twitter.com/simonha56798569/status/1442925307418210306?s=10

"In terms of pouching and cassetting, service that Omega provided, this was a temporary arrangement so yes the use of past tense confirms that this is something Omega provided previously."

"PROVIDED", "WAS", "PROVIDED PREVIOUSLY"
It's in the past,
Its demised, its passed on, this contract is no more, it has ceased to be, its expired and gone to see its maker,

https://www.youtube.com/watch?v=vZw35VUBdzo

We know that ODX is manufacturing, as well as cassetting and pouching under the government contract. We have been getting orders and further orders will come, particularly once FDA and EU approval happens. And I expect that to be relatively soon...

Orders you say ? Are these more of the super secret, lets not tell anyone, especially shareholders, orders that some happy clappers have concluded from cars in the car park ?

And we now know that we are NOT doing any cassetting and pouching work.

"The sweet scent of HUA beginning to fill the air."

get a covid test.