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exmex...i am not sure how much the dhsc is really affected by the campaigns of various governments? ....i have always seen it as more of a civil service thing...that just plods along on its own course.
i doubt ncyt is that common knowledge..or will be a pivotal factor in any campaign
i am pretty sure there will be more eye catching sleaze to distract
Laughoutloud, the government website shows availability for commercial court cases of more than 14 day's from February 2024. We are due a general election in 2024 and looking back May is a favoured month . If a May election date was chosen would the government want an earlier court case while they are on the campaign trail?
"See you all next year, there is little to no chance of anything changing between now and the outcome of that court case, if it does indeed occur."
not so sure..most commercial litigation cases settle before court.
however with 17 months to go....even if they settled i doubt it will be this year.
we knew the case would be a long way away..at least now we got a date and some light at the end of the tunnel
question is what are ncyt doing day to day...what will drive the company forward
cos at the moment it is a binary play.....win(cash) v lose (pretty much bust)
we need to be in a position whereby the outcome doesn't matter in terms of survival
I was talking about the Dhsc costs not ours, all we will do, is refer to contract! And wait on the court date... :)
LOL - would be interesting to know, but likelihood is the latter. I imagine their approach is 'how can we starve and destroy this company as much as possible before the case?'
Is this date a result of the first available window in the 'legals' calendar, the time for parties to collate the case or the DHSC asking for the latest date possible?
B2HS2L wrote:-
21ATS. - You possibly weren't around when Novacyt and AVACTA posters were pointlessly baiting each other here in 2020/1.
Then you would have a much better understanding of tribal rivalry.
____________________________________________________________________________________
I was around back then, I just don't post much. I kind of understand it more when it's two opposing companies. Although it's still a little odd IMO.
Here it's just become infighting between the blindly optomisitc and the depressingly pessimistic.
The reality is probably somewhere between those two, but we don't know due to the almost absolute and complete failings of the BOD to have any reasonable ability to communicate.
See you next year, nothing is going to change until the outcome of that case.
Val - the problem is the legal costs for the next 17 months negatively impacts us more than them. It may be millions which for us has a tangible impact, for them they just keep on writing tax payer funded cheques from the blank cheque book. They have unlimited funds, we don’t. They clearly want to bankrupt us therefore they have no incentive to settle early. Even if we win the dispute it won’t impact them as their right wing press mates won’t give it much coverage.
So see you all in May 2024 ?
21ATS. - You possibly weren't around when Novacyt and AVACTA posters were pointlessly baiting each other here in 2020/1.
Then you would have a much better understanding of tribal rivalry.
See you all next year, there is little to no chance of anything changing between now and the outcome of that court case, if it does indeed occur.
I have a feeling it would have been settled before now if NCYT were in a similar position to some of the other companies caught up in other cases that had no cash, were struggling to operate, needed placing etc....there would probably have been some sort of arrangement by now just so they could carry on.....
The difference with NCYT is they are bankrolled and can stand their ground. That's a double edged sword though as we can see.
Tuck them away in the bottom drawer and save yourself the daily stress of reading the BB here and projecting the dissapointment of your own choices and the BOD's inability to run this company onto specific individual posters.
It's like watching a group of opposing football fans here sometimes, blindly following their "team" and "hating" the opposition no matter what they write.
It's become tribal, it's not healthy...
Whilst the stock market is meant to be forward looking it really isn’t right now so even if novacyt were expected to win the case outright with a high degree of probability and end up with a war chest of more than £150m it still wouldn’t boost the share price right now.
There just isn’t a short term catalyst to bring about a recovery for the time being, frustratingly
One thing to consider, just imagine the damages, if Dhsc drag it out, for the sake of it and then roll over at last minute, any judge will have a field day with this!
#RNS "we have taken advice and we have strong grounds to assert the contract" not sure any one director, would want to walk away from that advice and no KC in their right mind would offer such advice, if it were not true... as work would dry up in an instant!
imo - A resolution will follow, sooner rather than later, now dhsc have a deadline! plus the costs of legal correspondence going back and forth will amount to a few quid over next 17 months???
Do we have any private investors who have experience / knowledge of corporate court cases as to what frequency do these cases normally resolve well before court date . I guess the DHSC can afford to wait as its all at tax payers expense . But the outcome will be the same as Novacyt will win the dispute and their counterclaim . That will generate £160-200M cash for M&A for Novacyt
thought you were selling and going... I mean its only going to zero isnt it...
#happytohold
We're investigating additional panels to drop in, which are already approved to see if we can even expand further into GI, and we've found now a number of strategically aligned executable opportunities for M&A coming through the funnel. I can't be more specific, but rest assured, we will not rest until we find best use of our capital for shareholder value and future growth.' - part of the transcript of the 2022 half year presentation.
This is literally business and marketing textbook vomit. Fully sums up why DA:
Got the job (all talk)
Got kicked out (all talk)
I wonder how this date for court hearing affects James McCarthy's 'If you look further ahead we are calling on a figure of £100 million of revenue in 5 years and just to be clear this does not include any acquisition activity. ' - Stated in the transcript of Novacyt ‘Investor Meet’ presentation 28.04.2022.
No M&A yet James Wakefield? What happened to this? -
David Allmond - 'From a business development point of view, not a day goes by now where James and I, and some of the other senior members of the team are focused on business development across the three key areas of innovation, acceleration and strategic transaction.' - which appeared in the transcript of the 2022 half year presentation.
What happened to
'We're investigating additional panels to drop in, which are already approved to see if we can even expand further into GI, and we've found now a number of strategically aligned executable opportunities for M&A coming through the funnel. I can't be more specific, but rest assured, we will not rest until we find best use of our capital for shareholder value and future growth.' - part of the transcript of the 2022 half year presentation.
James Wakefield, you are simply not providing shareholders with enough information on these subjects to
a) attract further investors,
b) Keep the present shareholders on board.
Most shareholders are staying on board because their certificates are in the bottom draw,
it's unthinkable to sell at this sp.
Your name and reputation is mud.
Tanking. Shock.
bye.... #soonerthebetter imo dyor :)
Amers. I don’t know, it could tank 15% or could just dwindle down slowly. You’ll be pleased to know, however, that I’ll br selling long before next June, can’t take another year and half of nothingness.
PJ100 -you need to enjoy your life a little more , your really wasting it
It’s positive that we can engage in zero M&A for a year and half? Non covid sales are 6m, so another couple of years of big losses.
And why the **** is it on grand? Taking us for over £100m and can’t even do it in person.
This will be settled few days before court case in favour of Novacyt for full amounts . Its just a game by the DHSC to delay payment as long as they can . The fact we have a date now is a real positive .
GM PI100 or shall I call you big TWAT, where do you think the sp will be today. Before you reply, please get your head out of you back side/think and then reply.
doing it*