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I had a chat with Kier Starmer and Prince Charles they are going to wear “Novacyt are innocent “ T shirts at all public occasions £13.50 coming soon
PI100 have faith, as we are passed the first hurdle, thanks to my old school friend (Justice Jefford). Was on the phone to her earlier and She has promised to put good ward for us. Watch this space £3.50 coming soon.
Nah classic mm's - agree with dazzerman this is going £1 plus SOON imo
I must admit I was worried the SP would just keep going up and we'd never hear from you again PI100!
It won’t hang around tomorrow £1+
Classic ncyt. 13% up this morning now in the red!
Stop loss was probably hit while they were not paying attention.
Anyway. All positive today.
There’s nothing wrong with the tests provided only human error.
The government are going to back down here or lose badly.
Who in there right mind sells 28000 at 70p when they could have got 80p earlier in day?
mmmm
Michelle Mone 200 mil - for what
This is pure delaying, nothing more
Its STILL coming home (to Nova) monies coming home imo
"Be under no illusion , the govt wanted the case stopped "
Well I did ask for clarification what you meant by this twice. With no answer . So you can't blame me if It sounded to me like you were saying they were desperate to stop it going to trial
I just think people should not get too carried away at this stage. Still lot of miles to go
Yesterday was good and bad news for me. There is something that is slightly bothering me .
I'm not suggesting they are desperate at all. They applied for a summary judgement in the hope it was upheld. I am well aware they instigated proceedings. Since instigation they have been privy through mandated document exchanges to our evidence that their claims are unfounded.
They then applied for summary judgement late in the pretrial period. I believe they felt that full examination of Novacyts defence would ultimately be detrimental to their claim and therefore tried to circumnavigate that happening by applying for a summary judgement.
Yippee it failed.
Off out no more to say on the topic.
Val...different govs obviously ..but I do AGREE with you...same xxxx
But it also supports my view that the gov want to be seen pursuing hard earned tax payer money.
If they win quick and cheap ..good
If it goes to trial...good
If they win...good
If they lose...good..they were seen to be chasing...money will make little difference to them anyway
They are also the ones, that brushed Post Office, Windrush, etc etc and enriched themselves through Covid contracts... etc etc
They care about only themselves, not doing the right thing, until JUDGEMENT forces them to!
Its our money they are using to fight their case with , not theirs? If it were, they would never have claimed... Sad unscrupulous lot, all of them! imo
Karen
We are not talking about the ramifications on them bring successful. We both are agreed on that if you read. I have already explained why I think they made the application..trying it on ....as val says on the cheap..cheekily. But that is a lot different to
"Be under no illusion , the govt wanted the case stopped "
You suggesting that they are desperate not to go to court..just doesn't make sense
Remember they are the ones taking ncyt to court in the first place.
Why do you think the DHSC made the application ? Do you understand the ramifications if they had been successful. I do CS , yes they wanted to stop the case going to trial.
I will re read your post... glad you are in the posi camp :)
"Disagree Cap, they wanted to win "on the cheap" now, the Dhsc know they cant!"
you are not disagreeing with me - that is what i am saying
they tried it on - tried to bully.
does not mean they are desperate not to go to court
Plus with with so few shares, as Traders sell and lth's buy them up, it is going to be even harder for the Trader to sell, post negatives, and FAIL to re buy lower... #FingersCrossed :)
Disagree Cap, they wanted to win "on the cheap" now, the Dhsc know they cant!
And using testing failure, when they continued to buy from Nova, shows they are two faced!
Its about wanting cake and eat it, cuz they dont care about spiffing tax payers pounds, WOULD BE DIFFERENT IF IT CAME FROM THEIR POCKETS!
As soon as Nova PROVE tests are accurate when done CORRECTLY, this will all be over bar the AMOUNT the dhsc have to pay up!
I seem to recall a specialist test centre in West Mids, failing miserably due to poor training and was highlighted in the press? Im sure dhsc went to cheapest options and hence it is game over as far as I am concerned...
Its just a case of when now...
#atadmorepatience imo dyor
"Yes CS , they did."
What? I still am not clear on what you are trying to say? they want the whole thing over? or desperate to avoid a trial
i still disagree no one in the gov will lose sleep over it going to trial
"If the DHSC had won instead of the application being dismissed , thrown out , not upheld , the consequences could have been dire for NCYT. The trial may very well have not proceeded with the judge saying no chance of success."
agreed..but as i said this was a good tactic for the gov legal team and trying to bully - doesnt mean they are desperate not to go to trial. they tried it on - it didn't work. i am sure there will be more fn an games to come
"to learn that they don't have us over a barrel over some technicality related to the contract, which may have been difficult to defend."
well i think it is jumping the gun to say that it is not difficult to defend against
it is still going to court an quite a lengthy court hearing
"The DHSC now will also know how NCYT intend to defend their claims re the tests suitability ( that is how the judge made her decision) and it may well result in them being more inclined to settle ,"
i suspect they knew this all along already - they have clearly had numerous talks before it even went to court.
plus if you look at the filings - the particulars of the claim were made as well as the defence. plus the amendments
furthermore nyct barrister already knew they had a weak case on the judgement.
imho i dont think anything new was learnt by other party yesterday other than a feeling for the judge
Whilst also happy with dismissal I did not like the slant of the sky article. It appeared to focus on the dhsc argument but didn't actually mention that early judgment had been dismissed. No mention that the product in question is an approved product so therefore has undergone stringent tests. It also didn't state that monies owed to ncyt are for another product Which have not been paid for.
Personally I would like the case to to trial to highlight the flaws in the testing system back then but more importantly restoring the reputation of primerdesign/novacyt that has been damaged. Just my opinion please dyor.
Yes CS , they did. If the DHSC had won instead of the application being dismissed , thrown out , not upheld , the consequences could have been dire for NCYT. The trial may very well have not proceeded with the judge saying no chance of success.
It can go ahead , now we wait to see if it does or a settlement is reached. I am also pleased ( by default) to learn that they don't have us over a barrel over some technicality related to the contract, which may have been difficult to defend.
The DHSC now will also know how NCYT intend to defend their claims re the tests suitability ( that is how the judge made her decision) and it may well result in them being more inclined to settle , I obviously have no idea , but view the decision as pivotal in relation to how the DHSC now decide to proceed. Imo.
But going to court had two major implications previously - one was the time lost, uncertainty, share price depreciation and cost etc that it would cause for 3 years and the other was the risk that you just mentioned.
The first one doesn't really apply now so to compromise at this late stage, besides the settlement being *way* in our favour, doesn't seem like a rational strategy.
The reason i hoped for a settlement is that ncyt would still have considerable cash after the whole covid thing. lets face it this small penny share company did win the lottery...and ability to transform themselves.
court case does carry risk - no matter how strongly i feel they have a good case
a settlement would have seen both sides win something in my opinion rather than one losing big at court - whether it be cash/solvency or reputation
"Be under no illusion , the govt wanted the case stopped "
I am not sure what you are trying to say here?
if it that they want the whole thing over - possibly/probably ...although i am not sure anyone at dhsc is losing sleep
if it is that they are desperate at avoiding trial - then i disagree
the gov want the PR of chasing the money back...in some ways even if they lose they win. i believe the PR is worth much more to them than the millions of cash
they prob tried bullying ncyt before applying for court date. this pre trial judgement seems to be another bully boy tactic..which neither ncyt nor the judge fell for.
however that is what good legal teams do. make no mistake they have very strong representation as do ncyt