Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Apologies if already up Tks to Larry
https://mobile.twitter.com/larry64450205/status/1450886019457429505/photo/1
Is it me, or does his mug look like GM who had a shave?
Also, he's been in the job for 3 days now and already lost the company some mcap. Get your sh.t together, Dave, we need you to get this back up to £54!
"Get your sh.t together, Dave, we need you to get this back up to £54"!
Mr_Big, NCYT were never at £54.00.
"Pig's greams"?
I thought it extremely odd that DA wasn't on the AGM call, given he was taking over the next day.
If it were me, after that, I'd put out an introduction video on social media, introduction myself, my credentials and my initial thoughts about the future. Acknowledge the DHSC dispute and say 'something' about it at least.
Its hanging round novacyts' neck now like a 100 bloody millstones.
Draw a line under the whole issue and move forward.
He's had enough time now to get upto speed.
The markets as well as Uus PIs want to see and hear from him about his future vision. Its like silence is golden with this company
Absolutely agree, it is odd. Where is the transition period though to ensure a smooth handover so perhaps we should allow some time for the new man to find out what is going on.
Poidster -
I agree it was odd, and seemed cold not to give David the opportunity of a maiden speech.
The next thing the board did that day, after completing the A/EGM, was to formally invest David Allmond as CEO.
James stated that, last thing on the video.
It is also IMO a fact that those questions in the AGM that were asked as part of the Q&A session, were all pre-selected because after each answer provided by Graham, Jean-Pierre was reading from his notes, to translate the answer just provided.
Those notes were necessary to allow French shareholders to get the fullest possible translation, thus providing proof of question pre-selection.
++++
As long as one highly unlikely possibility remains of NCYT taking DHSC to court (or vice-versa), there can be no lifting of the silence for either party.
IMO the fact that Nick Plummer has resigned suggests to me:
1 David had already told him that he could leave.
2 The work Plummer had done and any choices or advice he provided did not satisfy BoD.
3 Plummer left to accept another position or consultancy, - but this will not be true without a LinkedIn update.
Anticipating with relish Nick Plummer's LinkedIn update. It currently states still in post at Novacyt.
*IF* Plummer was advised he could go, who else might be getting a similar message?
++++
It will be interesting to see if anybody else starts making video's for Novacyt vice Jack Taylor.
Novacyt vice and now the coming ?
Not sure who's been most wilfully negligent ATM
The company or the Govt - think I'll stick with the latter.
I found this 'handover' extremely odd too. Not only does GM amd DA look like they haven't been in contact with each other, when James Wakefield was talking about DA, it was like reading his LinkedIn off a page. He even said something like, 'David says he's a....'
That doesn't sound like someone who was involved in the hiring process. If GM and JW were involved in the selection and of DA, wouldnt they want to talk about the merits of hiring him? Given that the rescheduled AGM fell on the day DA started, wouldnt they want to champion the new guy that they supposedly hired?
Maybe DA had requested no big fanfare and didn't want to Trump Grahams departure.
Thanks ChriToffer, - more food for thought.
In the video: https://www.youtube.com/watch?v=n0KhQd_z1KY
@ 1:50:25 - he states whilst discussing DA, (inspecting his notes)
"David's background - he says he has a degree in Microbiology".
To be fair James says "I am very happy to be appointing him to take over from Graham" later.
++++
Just prior to this statement he stated that Amryt have recently listed on Nasdaq, so if they wanted a business manager familiar with the pro's and con's and contacts of actually listing, there is no one better placed than David.
GM may have stated earlier they have no plans for Nasdaq listing, but that doesn't mean that the next board meeting agenda does not contain Nasdaq listing - how to - with DA's initials beside that item. (my speculation)
Yesterday I provided some research containing links concerning business opportunity and threats to David Allmond.
I'm sure he will delegate review of research to others, if you are inclined to provide more research.
From what I can see on that video, I think he could be in a lonely place right now.
Fanfare. That's a really good point.
We need to give DA a chance, he will also want to make a good entrance at the right time and get off to a great start.
RNS today or Monday - any thoughts?
It seemed odd to me too as did the departure of Nick Plummer on 15 Oct.
Nick was appointed 1 April so first. It wouldn't make sense to appoint him as an officer of the company last April, 4 months after the DHSC had stopped payments, if his role was intended only to be this duration. It would be interesting to know what changed. Was it a precautionary appointment with a resolution to be announced soon or has he left in frustration at a stalemate. Lets hope of an RNS on Monday not continuing vacuum.
In either case this situation shows value in having legal support.
Thanks B2, saved me a job on my list there :)
As for DA being lonely, he'll have the other 4/5 2021 appointments to keep him company. I look forward to finding out what their game is!
Despite GM saying no NASDAQ listing being sought, I believe we are into a new period, and they may change their tune.
Like this post if you think this is the situation, - Like the next one if you don't think we will be interested in NASDAQ from now on. If you think our needs can be met by buying a US company or merging with one or agreeing joint programs, please let us know.
Like this post if you don't think we will be interested in NASDAQ from now on.
Chris what other appointments can they be short of presently, - or are you referring to some officers being replaced?
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The issue of a Nasdaq listing was previously dismissed - and for good reason. The company already has a dual listing structure with shares trading in the UK and France. About 2/3rds of the shares are traded in France. To list on Nasdaq as well that would mean an extremely complicated share structure which would be expensive to administer. I don't even know of any triple listed companies. You could delist from the UK or France and relist on Nasdaq but would French holders be happy with that? The French seem to look after their national interest unlike the UK.
Hi B2, I just meant the new board members appointed this year; Ajan Reginald, Guillermo Raimondo, James Mccarthy et al.
I like to think this is a concerted effort at strengthening the leadership thats being carried out in accordance with a plan.
Hi Christoffer, Ajan Reginald and Guillermo Raimondo are not board members. They are management.
Has Nick Plummer left the company?