RE: What bugs me still about NCYT...16 May 2021 16:51
Some concern about the disputed contract with DHSC.
From 09.04.2021 RNS -
"Regrettably, the parties are now in dispute regarding the contract, which may have a material impact on Q4 2020 revenues. However, the Company has taken legal advice and believes it has strong grounds to assert its contractual rights."
1 'asserting it's contractual rights'. - IMO this means the issue is covered by the contract, not outside the contract.
2 NCYT subsequently recruited Nick Plummer, General Counsel and Company Secretary at Novacyt Group in April. - Nick has plenty of relevant experience:
Consultant Solicitor - 2011 - 2013
Working in the areas of corporate and commercial law, with a particular specialism in the healthcare sector.
3 'strong grounds to assert its contractual rights' - Only one winner IMO, all DHSC can do is delay the inevitable.
4 Volatility - I would expect plenty of volatility in future, - only 71 million shares in issue guarantees volatility when news lands.