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Must be very difficult admitting you're totally incompetent and clueless at your job I guess. What other excuses has he got.
I think I remember him once saying that they won't need any more cash either. They had plenty in the pipeline and just merely had to deliver the opportunity in front of them..ahem!!
Is he a deluded fantasist or liar, or what??
“ As we reshape the business to deliver improved profitable growth through and beyond the post-pandemic period, we are already leveraging our technologies and our teams' capabilities to good effect, capturing new opportunities and building on our existing partnerships. We thank our people for their support of the Group's continuing evolution. The consolidation of our operations will result in a more unified and efficient Group.”
The words of our dynamic leader barely 12 months ago in April of 2022. So LR, where did it all go wrong?
One of the most galling aspects of this whole car-crash in slow motion is the total absence of any proper explanation by the CEO as to how the company’s value and prospects were so cataclysmically destroyed. No apology, no self-awareness.
Pull up the drawbridge, Mr LR, ensure your own survival and wave to those less fortunate you have shamelessly abandoned.
I think if we don't hear anything by month end then doubtful another offer will come in imo. Any suitors will have had enough time by then for any DD. Would the likes of Illumina, TF or Labcorp be bothered about such a small company?
Andyken still needs a few more shareholders to join him. That's one way to do it.
3skins, so it's the Ncyt deal or nowt?
That would be the perfect scenario Davand but unfortunately I think it's game over now for this company. I don't think following the investment through Novocyt is a smart move either. With hindsight the whole process has stunk the place out and I hope somebody somewhere has given Rees both barrels.
I too doubt Ncyt will improve their offer. It will take a counter bid to increase what's on the table.
Rees won't be looking now he has set himself up. The lowlife snake isn't bothered about anything else. I'd laugh my b Ill ocks off if a much better offer came in, but he didn't keep his job.
And mentioned possible improved offer from Novacyte if 75% looked in doubt. Think improved offer unlikely and may be Oddo helping secure deal.
We need another buyer to shake it up and that's down to our inept BOD to go out and haul in!
TW piece never mentioned anything about a better offer did it? Just plenty of annoyed shareholders if I remember correctly.
Still plenty of time for a counter offer to go in.
Or should I say another 50% or so to reach the figure needed.
They'll need to buy a few more to reach 75%. Lol
A quick Google search and there is a relationship between Oddo and Ncyt so I would assume their votes will be in favour.
Following Tw’s article I had hopes of an improved offer - obviously could still happen but would need to be soon.
I guess we are scrabbling around for an improved offer to look diabolical rather then total disaster whilst others can bottom feed in the same hopes.
Oddo stake is now stands at 4.67%. They are increasing their stake!!
Lol, as if they'd tell!
You can always call them and pose the question
Buying for themselves or not??
Just had a look @ ODDO's website (https://www.oddo-bhf.com/en) and this is a financial company managing 128 B worth of assets. Don't think this type of company is investing for the price to move from 0.48p to 0.52p!! In this climate the clue is to follow the money
Oddo buying more shares it seems. For themselves maybe, or for someone else I wonder?
So, plenty of time for others to join the party. Who knows maybe DD going on as we speak.
Looking at the 2.7 rule announcement, it appears it will be sorted at the AGM at the end of September?
What's the final date for the vote?
Why is that moniman? Nobody would have predicted the deal in the first place, so anything is possible. However, I believe any better offer is more likely to come from a.n. other, hopefully.