Member Info for 21ATS

Agreed, it tells you all you need to know about the mindset of upper management.

Effectively they did the business equivalent of win the lottery when covid hit. Rather than move forward with a massive capital windfall they just decided to sit back and sip martinis until the music stops....

Then the DHSC dispute hit.

What an utter shambles.

Wilson, to put things into perspective, was chatting to the Co next door to mine, who has an annual turnover of aprox 7.5 mil, making around 400k net profit and the banks are offering him money to expand....

Nova, have around 99 MILLION in the bank, irrespective of Dhsc final outcome?

It is in THEIR account, they have done 4 mil in sales, so far and with a POTENTIAL favorable outcome, to said dispute, would have another 81 MILLION or more?

NO DEBT / Changing direction going favorably / Possible further revenue's as winter sets in and indeed in other avenues? / No need to Borrow / Not perfect due to waiting for some level headed judge to hold Dhsc to account and compensate Nova... but it is far from over yet?

Dyor / imo / #noneedtohidebehindsofayet :) #holdheldholding and waiting still
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Most of the time your almost fanatical positive outlook of this company is just irritating. However I don't disagree with what you've written above.

My concern is the almost complete lack of ability that the current BOD have to take this sitatution forward in a positive manner, the almost complete lack of ability they have in communcating with the either the shareholders or market in a meaningful or encouraging way.

That's ignoring the DHSC elephant that's constantly in the room.

Is there a court case? A hearing date?

Do we genuinely expect this to reach a point where people stand up in a court of law or do we expect red tape and procedure to drag this on indefinitely until some sort of compromise/agreement is bashed out that saves face?

What happed to the Juducal Review on the Abingdon case? We've still not even had findings from that published yet despite them saying it would be done so by "summer". That case has been heard.

I think we've known from day one this is all political rather than a genuine product issue. The problem with the political ones is they can really be dragged out, expecially when you have zero leverage against them.

Starting to look like a lifestyle company.

£90m+ sat in the bank, just keep treading water indefinitely, Keep drawing your fat salaries with double digit % increases each year as you're performing so well.

Why would you bother if you were in their position, they don't need to do anything......easy life thanks very much.

The only hope of a spike now is a positive outcome of the DHSC case. Any guesses on the timeframe of that?

My 19th nervous breakdown, The Rolling Stones

Read the RNS 28th June.

I've already been stabbed, it's just getting pushed in deeper now.

More galling is the fact that clearly knowing where they were with regard to income, they considered a salary increase appropriate at the AGM before they were required to make public the desperate reality of the sales figures.

Blood sucking shysters.

No wonder there were no RNS's forthcoming about contracts. There are no contracts to RNS.

The older I get the more I come realise that "Yes Minister" wasn't a satirical comedy at all, it was actually a documentary.

Aaaand the market doesn’t care. Ffs
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Baby steps.

The fact it's in an RNS is a huge step in the right direction. Maybe, just maybe they are starting to listen to collective voice of their shareholders.

That's more like it. RNS new products, don't tweet them.

More of the same please.

Information is king.

Could....could.....could

See that word recurring in your post.

That's the problem, where's the substance? Where's the fact? Who are all these companies that COULD be buying/selling our product.

You'd think the BOD would falling over themselves to tell us.

I don't really want to here any more COULD. I like to hear some fact, some contracts, this is who we're doing business with and this is how much they will be buying going forward.

Substance please.

When the substance is forthcoming the shareprice COULD recover.

Lets look back at this post at Christmas and see how much of the COULD actually became DID.

Kaeren, I admire your positivity in this business.

To me it just looks like another MTRO, another business that is "worth" so much more than it's share price suggested, yet there it is still wallowing at the same level years later.

I'm underwater here to the same degree as many, fortunately I don't need the money so I don't have a compulsion to have to sell and move on. This is effectively now a retirement investment for me, I'm 52. I expect it to take that long before I'm back in profit.

I think the market has looked at today's RNS which it was expecting and just wonders how long this is all going to take.

So the share price ambivalence is a result of the market ambivalence to the DHSC situation. It just doesn't care.

In reality the market has just said, "come and let us know when it's settled" because until them it's .....meh whatever.

I've had an account with IG for nearly 6 years. This is the first email of this nature to vote I've ever had from them on nay of my shareholdings.

Last two years I was unable to vote via them for NCYT.

Email recived this morning from IG, when every previous year trying to vote through them for NCYT has been impossible.

Getting desperate are we? Good - start listening to your investors.

£100 arrangement fee - no you're alright I think I'll pass. I think I'll pass on voting too - it's about time they really got the message.

Your Vote Counts!
NOVACYT
2022 MIX OF GENERAL MEETINGS
Vote by 13-JUN-2022
Please note that IG charges a fee of £100 plus VAT for arranging your personal attendance at an annual general meeting (AGM). For further details, refer to IG’s website.

Also abstaining.

What do you genuinely expect to happen in the next two weeks?

There's very little we can do here other than hold and hope or simply sell and carry on with life. There seems to be very little interest from the BOD in informing the market what they are doing or where they are going and I really don't see any sign of change on that front.

Nothing will change here until the enourmous cloud that is the DHSC dispute is dealt with one way or another.

My veiw is this, and it's nothing more than an opinion based on my own meandering throughts.

Bio have taken a small position pending settlement of the DHSC dispute before they decide what they'd like to do with NCYT. I don't expect to see any further TR1's until said dispute is dealt with.

I still feel the dispute is partially awaiting the outcome of the GLP JR of the ABDX case. Why? What does that have to do with NCYT? - Directly nothing, but I feel like it's being used more as a test case of the procurement policies in place at the time - and that does effect NCYT - to a degree. I feel it's enough of a degree for the DHSC to simply say "we need the result of that review before we considers our next move - it's in national public interest" blah blahh blah - delay delay.

I feel they issued a counterclaim simply due to hitting a pre defined timescale in the formal resolution process - it effectively reach a point of settle or litigate. As they are likely killing time, litigate was chosen - afterall it's not their money is it. It's the bottomless pit of taxpayer funds they can play with.

So where does that leave shareholders?

The only real voice we have is when it comes to voting for the resolutions of the AGM. Think about how you wish to use your vote, assuming they've bothered to actually send you the resolutions and you have the facility to vote.

https://twitter.com/abingdon_health/status/1522556714003931141?s=21&t=yJcOSwhkEc45_p3znUNOSw

https://amp.theguardian.com/world/2022/may/03/civil-servants-called-uk-covid-testing-scheme-unlegit-court-hears-abingdon-health