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Graham Mullis ramped Novacyt share price to coincide with his LTIP bonus in November 2020, gaining £10m in the process. He took the sp from 30p to 12.50 and it now sits at 1.60 after losing 90 percent of it share price. This ex ceo then so called ‘retired’ after failure to bring out new products such as LFTs due to a bumbling strategy to stick with PCR type tests. He failed with the largest contract with DHSC and Novacyt are now in dispute with the UK government. He hired Ajan Reginald who was struck off as a dentist and also called himself a doctor which he apologised for.
https://www.private-eye.co.uk/news
New holders, please do your research.
Garry Cook is the game changer here. Alongside the uplist that must be very near now.
5 bagger from here, Easy
No chance. You arnt David Burton are you?
amn you found me out... Fool !!!
Looks like the market loves this. Way too cheap..
Game changing for my investment today.
9 trades, most under £100. Not sure the market is that in love with love lol
Game changing RNS, I managed to get the first trade of the day of 365k shares for £3k - absolute bargain.
Next few months here should be very interesting
I stopped reading after " He took the sp from 30p to £12.50 "
That would do very nicely here thank you very much! As for what happened later, well I think its bleeding obvious why Novacyt struggled, the Tories were too busy funneling £8.7bn into their back pockets off the back of Covid 19 and paying for decent quality made at home and "WORKING" PPE/tests would have made that much harder. https://www.independent.co.uk/news/uk/politics/ppe-waste-nhs-spending-report-b2005093.html
Great to see active deramping though, shows some sweat on brows, fact is Love Hemp was a bargain when I bought at 3.5p, since then the SP has tanked but as a business they have delivered on sales which are significantly up, they are becoming a well known brand with some absolutely fantastic PR and branding. Company has been traded down for months for zero justification, glad to see it finally in reversal.
Fantastic that individuals of that caliber are attracted to Love Hemp Group
Graham Mullis spiked the share and lost all the profits from false reported revenues of 277m. He ruined a lot of investors and you think that’s a good thing? NCYT lost 90% in less than 12 months. That’s not the sort of calibre I would be after in a company I’d be investing in!
"HE" spiked the share? Hold on a second, there were shares that were all but dead and sounded remotely "covidy" that did 3-400% in a day when the spikes where happening.
The SP then stayed north of £6 for MONTHS, but lets not let facts get in the way, as for failing to land the government contracts, come on, turn your TV on and you can see exactly why, this is the most corrupt government in the western world with the backhanders and downright blatant theft over the Covid contracts.
Side note, CBA any more I dont use this forum so yea, you work away, nobody reads whats on here, also I didnt know you could short on Aquis, but I guess based on your appearance I was wrong.