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Blue83 remember we offered the DHSC a compromise to settle that was not taken up.
So who really knows how strong our case is ?
With NDA in place, frankly no one knows.
A provision has been made against the debt, it hasn't been written off.
The difference is like if someone owed you x but in you don't expect it will be paid but you could take them to court.
DHSC debt of y nets off against a provision for bad & doubtful debt of -y = nil. The provision is not allowed as a deduction against profit for tax purposes until it is reasonably certain the underlying debt will not be paid & is written out of the books.
They are not at that point yet, according to what they say. They are working for a resolution & have a strong case. I took that to mean they hope to be pai,d but who knows, with the passage of time, no arbitration process nor courts, perhaps they have used weasel words to cover a worse case up.
Perhaps there is be more price sensitive information that we should have been made aware, like entering an informal side deal to swap out exsig, which went wrong.
A wishbone, a backbone and a funny bone.
They'll do for me.
Personally, I would also like a Bone .... But a Dinosaur Bone !!
yes but at least bezos, was communicating...
more to this than meets the eye, imo
and only way to find out, is again, more waiting...
ready to buy in again? after selling out at 4.90 ?
whether Im right or wrong, the timing does look like it :(
Everyone needs a bit of Pork now and again:)
Stay POSITIVE
It’s as clear as day what we will be facing by the New Year
Testing Testing Testing
Un petit boeuf, sil vous plait.
Whilst fundamentally correct that the DHSC position is a known to the company accounts, the fact it hangs over the company like a bad smell supressess the share price and will ocntinue to do so all the time it's present.
I was hoping it would have been cleared up this month of the Good Law Product Judicial Review. I'm still convinced it's being pegged to that case as some sort of public interest political excuse. Now that's been delayed till May 22, it could easily hang around for another 6 months. This will stop II's being interested.
If we assume communication from the company is going to continue as it has historically, the next RNS of substance will be end of year accounts early next year. Anything good before that just see it as a bonus.
From a company perspective the only thing a depressed share price does is make it difficult to borrow money, as NCYT doesn't need to borrow money the SP is effectively irrelevant. See the often quoted video from Jeff Bezos re Amazon when it was in this position. The SP is not the company and the company is not the SP.
We know roughly what the revenue will be this year, that can only go up given the current circumstances and recent positive RNS about the PCR approval.
Sit back, relax and wait for things to unfold. Constantly looking at the SP on a minute by minute basis will just make you ill and paranoid, as does reading some of the fruitcake ideas on the BB.
This isn't a punt company, it's not a jam tomorrow company with surprise placings. It has £100M in sales annualy and increasing. It's also not a get rich quick scheme, this is a fantastic medium to long term investment. Treat it as such and your mental health will be in a much better place.
No PORK please... we are good with little beef.. lol
https://www.youtube.com/watch?v=xMjEsd9wF9U
Bit heavy for some, maybe.
Any bone would do
Not pork ?
A bone with a little beef on lol
If thats the case, why dont the BOD's throw us poor share holders a bone and communicate some information that shows were making serious money, that would make the share less shortable
wise words mr smith
I don’t know why everyone is getting stressed about DHSC. Money.
It’s history now and is written off and we are making serious money.
They can write it off against tax I’m sure.
The world needs PCR we are way ahead of the game on all fronts.
And if by chance there is a resolution with this DHSC squabbling then it will be a bonus
GLA