Member Info for TWatcher

Just in case some folks can't comprehend. The only "news" in that RNS was the financial aspect that confirms that the £2.5M was an upfront loan that will be clawed back on any initial orders until it is repaid.

So as of today, ODX has no idea what test to make. There is no NDA, they are not making tests for the uk government. Those test making facilities that the gov loaned, are sitting doing nothing, except making some bits of plastic and plastic bags. Given its for "other lft being deployed in the uk", its either Innova or Surescreen parts. This is exactly the same situation as the company was in on the 30th of April RNS.

Those 250 employees that people keeping rabbiting on about are not making a single government test.

So an announcement in Feb of the capacity agreement, an update on 30th of April saying they have no information on the test, and another 'update' today saying the exact same thing. You'd think that if there was ANY good news for ANY orders for ANY lfts, this would be the RNS to announce them, to give investors some confidence that something of volume had been ordered. But once again, ODX fails to tell investors of any orders. After, all in mid march we were told regarding the visitect antigen test "commercial roll-out which is expected to start in April. The Company is already in discussion with a number of potential commercial partners looking to order the test post launch.". An RNS in june with no update on this ?

As a reminder to those new to the share, other than 250K units, ODX has not announced a single order for any covid related lfts EVER.

"Omega is not in control of this process and this is taking longer than originally expected but the Company will provide a further update once a test is confirmed"

"taking longer than expected". He should have that phrase as a defined shortcut on his keyboard. IMO He has consistently misread timelines, volumes, and demand throughout the pandemic, and today's RNS shows no sign of changing.

People jumping up and down all excited by any old s*ite posted on twitter, re-echoing faked photoshopped images as if they are straight from the bible, without even having the wit or interest to do a 30 sec check on the bidstat.

Shows the bona fides and integrity of some people on here.

So I wonder was it someone on here going by another name that did the fakery, certainly it's someone that is prepared to stoop to any low level to try to con some, and we do have several candidates here.

no, that £5 was for general sales, not for 100M units to the gov that have loaned you the equipment at no cost and are paying for the employees and other pre production costs.

"Covid – Antigen LFT test - £5 per test - 50% margin (taken from 15th July presentation)"

you are taking a price from 11 months ago, when they was no thought of a government contract, and assuming the gov will pay the same amount for 100M units, when the gov have loaned them the equpiment to make the tests and is paying towards the costs of the employees and preproduction costs ?

Or of course you know that only too well, but dialing all that into a potential price from uk gov doesn't work out at all attractive compared to the figure you would like to use.

BigBangs. A certainly percentage of government PCR testing is sent for additional genome testing to identify for variants, that's not possible with a throwaway lft cassette.

I have not heard anything that would indicate that PCR tests from private companies are also sampled for genome testing ?

"When the UK RTC was signed, Omega had circa 100k a week lateral flow capacity."

And since that day:-

1) ODX has not provided a single update on capacity.
2) The only announced order has been for 250K LFTs, meaning odx has told its shareholders of orders equivalent to less than 18K units a month.

"The sp does not reflect the developments and future profit potential."

yeah, cause like no one know nothing :)

"I have said many times that the disappointing share price should be seen as a buying opportunity for savy investors."

Many people say many things, anyone buying on that basis when the SP was in the 70s,80s or 90s would have factually been better not buying. All you are saying is that you've been consistently wrong.

But its ok because it's all been someone elses faulty.

I see some are saying the mologic test is under phase3a validation. Is there any evidence of that ?

Note that to comply with the gov contract and ultimately get purchase orders, the test must past phase3B

Avacta was aware of an email that suggested the test that they have partnered with mologic had failed Mhra approval. They are entitled to refute that if the email did not relate to that test, and they know for a fact that it hasn’t failed. I am unaware of the email
In question, but if it is from an official source and categorically stated that a mologic test failed MHRA, and avacta know it’s not theirs, it’s hardly breaking any laws to draw the logically conclusion that it’s a different mologic test.

"non-regulatory"...not price significant.

I guess some people will only hear what they want

30th of April

"Once a suitable test has been approved the DHSC will license the test for Omega to manufacture. Omega is not in control of this process but will provide a further update once a test is confirmed. "

".....following today's launch, the Company expects, together with the test to be licensed from the UK Government as above, to rapidly move towards full utilisation of its capacity of 2 million test per week."

1) ODX will announce when the gov test is confirmed.
2) "Move towards" 2M means they aren't there.
3) 2M target is dependant on the gov test plus on their other tests selling. No timeframe

The above are factual statements from the RNS.

No uk test announced...odx has in it an RNS that they will confirm it.
"move towards" said on the 30th of April....therefore they weren't at 2M a week on the 30th of April
no orders announced...odx has said it will announced all significant orders.

ODX has told you really quitely clearly that they did not do 2M per week in April in an RNS.

I feel genuinely sorry for those investing that can't read and correctly digest a simple RNS.

Shelley is one of the last poor souls that still thinks ODX delivered 2M lft per week in April, likely related to some 90yr old japanese soldier in the jungle still thinks he's at war.

"but I'm quite committed"

Good to hear you've been committed.

Given ODX has to pay Mologic a royalty for anyone they sell, mologic can always undercut ODX.

Also what happened to mologic/GAD concentrating on developing countries. So far that Germany and USA that mologic are targetting?

thought you didn't read any posts of mine longer than 20 minutes, took all of 5 minutes for that lie to be exposed :)

yeah, ready to filter, but in 12 years contributed NOTHING, such a good value added member....get him into the private telegram group immediately.

silles, you really can't read can you ? The payment was made mid April. ODX said over 2 weeks later via an RNS that they had no knowledge of a test being selected.

How the hell then can the payment be for manufacturing the gov test.

Even a kid could pass a verbal reasoning test like that.

"did something bad happen in May"

You mean other than the SP of a diagnostic manufacturing company falling whilst in a global pandemic ? ...can't think of anything

"gor the insult".....LOL !

"first post" but a load of green boxes, magical !