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If there were any direct truth and legal ramifications, it would HAVE to be rns'd?
Now as we havent had any, well says it all really?
If there really was any skulduggery going off within the ncyt and DHSC deal do you really think they would have gone to town on each other with the potential for a court hearing. They'd want to keep it low profile surely. Sort it out backstage and move on.
Never mind the follow on deal they got last year
https://bidstats.uk/tenders/2021/W36/758513953
Direct hatchet job aimed specifically at NCYT.
Regurgitates contract Sept 20 issue.
Claims last summer when issue with 1 gene test instead of recalling batches customers told to alter when they record positive result. Total fabrication as all customers were offered a replacement for the faulty component or the choice of returning entire kit. I monitor constantly the site for recalls and Novacyts record is exemplary compared to many of the big boys.
https://www.gov.uk/drug-device-alerts/field-safety-notices-11-to-15-october-2021
It goes on to **** Ajan and then says Novact forced /pressurised the NHS to sign off 3 gene fast. NHS says its testing is thorough.
Says inf from insiders.
As Novacyt assays are used globally to benchmark other tests by academia I personally think it rhymes with rollocks and as I have posted above the facts don't match the written word.
Logging off for day as my crystal ball informs me there will jacksy on the way of new research I might be interested in reading posted today.
Missing word lag preceded by S.
Thanks Kaeren, much appreciated. Think I will log off for the day as well
Thank you from me as well!
Same here, very helpful Kaeren - thanks!
HarChris - it’s about PD Novacyt specifically and ends with a dig at Mullis. It doesn’t make great reading at all. Regardless of how true it is or not, it’s another stain. Now 7% red. Depressing.
https://twitter.com/hatready/status/1484119287329607680?s=21
Thanks PI100, will give it a read.
Nice of tin hat to create an account specially
Editor Ian hislop salt of the earth.
As editor of Private Eye, Ian Hislop is reputedly the most sued man in English legal history,[13][14] although he is not involved in as many libel actions as he once was.[
If you are bored, why not spend your free time by giving private eye a justifiable 1 star (the lowest you can give)
https://twitter.com/fastmoneyaim/status/1484143697402937346?s=21
Lewis i feel like you and a few others miss the point.
The article has caused damaged - see the share price today.
Valju - whether it is red and blue on LSE is irrelevant. It's boring just to read you write a whole threat on it.
The share price is suppressed and has been - is this because of the whistleblower allegations? Cast your mind back to when we were at £12/11/10 - the share price wasn't reaching the heights of £15.00 that everyone thought it would and in fact went down, just a month before everyone thought a new governemnt contract would be announced. It was causing confusion amongst PIs on here. A few weeks later we find out about the cancellation of the Phase 2 government contract.
Unfortunately, it feels very similar here - share price being suppressed, but for what reason? Is it that there is an impending MHRA enquiry about to be launched, which would be hugely damaging to the NCYT reputation? Is it because results arent as good as the market expects?
You can scream and cry about Private Eye all you want and how it isnt a proper magazine. You can scream and cry about the government. The fact is, Novacyt don't seem to be as squeaky clean as everyone once believed. It's hurting them and i think it will be a long road to recovery.... that's if they've put a non-covid plan in place yet!
Nick smith this is what I’m petrified about - it coming out that we’re actually unbelievably amateur, corrupt and have made huge mistakes along the way. Not a surprise given the quick ‘growth’ but could be devastating for us. God I hope it isn’t the case but it’s ****ing worrying.
As you say, it’s all well and good ****ging off PE but the market hates anything negative and today has made up its mind on this article.
It’s days before the results and all of a sudden private eye publish an article? Do me a favour. It’s all planned or my goodness, isn’t it a coincidence.
Mud sticks, I hope wba is not anywhere near the medicine cabinet.
there is no such thing as bad news to a company.....look how Innova thrived.
We should be thanking Private Eyes 2 subscribers for their journalistic integrity lol
As is, all these so worried PI's, so worried, that they shout it from the rooftops, despite saying they are invested! I think not! imo
BYP - ok lets say you're right. Im not saying your not.
The fact is - it has damaged the share price. Even if results are "amazing" - (im not quite sure what you think that is) where do you expect the share price to go?
You've been crying out for RNS (again, no idea what you want NCYT to say) for the last few months. Yet if there is an investigation about to be launched into NCYT, would that explain share price suppression, lack of RNS, lack of director buys, and employee exits?
Ive been in NCYT for a long time and unless they have a clear strategy and revenue stream outside of COVID, they are going to have a very very tough ride.
Private eye hasn't had any bearing on the SP at all imo. You give it too much credit. Traders are trading. I for one said only yesterday that if 280 support fails then 250 is next. Well 280 failed yesterday and low and behold 250 catches it. Everything is against ncyt at the moment and with no news for 5 more sessions don't be surprised if 250 fails and it drops quickly to 220.
LTH's shouldn't be worrying imo. These are just short term movements that have no relation to the internal metrics of ncyt. Buy the dip imo dyor
Hey don't knock lying and cheating. It can be very lucrative. If you want to survive in a jungle you have to live by the rules of the jungle. I vividly recall Warren Buffett and Charlie Munger commenting that in some countries and in many industries like construction and civil engineering bribes are the norm.
That's incorrect Nick. I've been saying since November 2020 that Novacyt's communications are appalling. I've never swayed away from that message.
Your last paragraph sums up what we need. I've been clear that if it isn't, I'll trade the share and continue to call out the company. However, we are 5/6 days from a trading update and the timing of this article is suspicious to say the least.
PS: I fully believe there are de-rampers at work. That's what happens (just as there are rampers at work in other shares). Unfortunately, at times, there is no smoke without fire. They're depraming, but do they have something to hold on to in the first place?
These boards/twitter are made up full of rampers and derampers. Yes the person that posted on twitter can quite clearly be seen as a deliberate deramper. Set up his account today and posted an article on NCYT with the heading "ouch". However, just think about it. If they really are shorting the share, do they want to get caught out next week, when you believe the results are going to catapult the share price?! No. Hence i've now believed for a while the results aren't going to do much to the share price. However, I truly hope the derampers haven't got hold of information that makes them believe the share price will fall further.
Tin hat account now closed on twitter and article removed