PI100, re sacking the BoD, sticking with football analogies, things got no better for Man U after sacking Moyes. So whats the matter at Man U if it's not manager, is it the dressing room?
We agree the BoD appear to have just watched the world go by up to the recent past. Have they got their collective fingers out. Dunno, maybe. I think there's a bit of panic across the company. Town hall meetings were mid July, it's early days to be seeing a sense of urgency set in.
Sat 01:48
"Very last one now.
Reverse takeover you say.
What Is a Reverse Takeover (RTO)?
A reverse takeover (RTO) is a process whereby private companies can become publicly traded companies without going through an initial public offering (IPO).
To begin, a private company buys enough shares to control a publicly-traded company.
Now control is the important word. Huey, I know you don't think % means anything in business but do you know what % is needed to gain control?
Secondly, it was Novacyt giving shares to Lab21. Usually it is the buyer that gives shares/cash to the seller.
This combination of companies doesn't seem to tick the reverse takeover boxes either.
I know you don't like Google but you really need to start using it. You'll learn loads before embarrassing yourself on here.
Lab21 acquisition - put to bed
Lab 21 closure - put to bed
Me - going to bed"
what this idiotic interpretation, no you posted that.
But my post you just quoted, yes it was a reverse takeover.
Only thing you keep proving is that you're an idiot by
A) pretending Michel Dyen &Co. is a blogger. It's a global investment banking firm.
B) pretending your post is mine. It's your post (But I agree it's totally stupidly wrong)
No, the idiotic thing was claiming I had said it (indeed my theory was hanging on it, apparently) and it was your own idiotic rambling lecturing rude rant.
I actually thought yourself, and Free Willy claiming that a global investment firm was actually a Spanish blogger was the most idiotic thing an adult would do.
But you've outdone that by accidently arguing with yourself.
And you post this idiotic rubbish
"I don't think I'm humouring him B2. I think he's genuinely confused and way out of his depth in business. I'm happy to help fellow investors learn and understand things but Huey took it a little too far. Point taken though."
And you truly believe it, because you're so dumb. You out-dumb Free Willy, which isn't easy.
I'll throw my 3.5 k in the pot, but to hit 5% backing it needs to be a professional approach. No pitchforks. But TBH at this price I'm so tempted to increase my holding at the same time. DA and the BoD have a lot of work to do, they delayed in getting started, there's internal issues, but they'll muddle through in an average manner.
NCYT hasn't dealt with Covid well. It derailed their plan, strategy, day to day business, everything. I can understand them throwing everything at Covid. But they seem totally unprepared for post Covid. The Covid windfall still in the bank, rushing to update their portfolio, and using a well thumbed thesaurus of investor depressing words in their communications.
Somewhere in the middle of all that the guy who was responsible for putting together the Novacyt Group in the first place got a big windfall of his own and disappeared. GM put together several companies under the one name and with a public listing which is an impressive CV to have, but when you see the internal management problems it seems the integration of the businesses is messy even years after takeovers.
This is a company going through growing pains.
Sat 01:48
"Very last one now.
Reverse takeover you say.
What Is a Reverse Takeover (RTO)?
A reverse takeover (RTO) is a process whereby private companies can become publicly traded companies without going through an initial public offering (IPO).
To begin, a private company buys enough shares to control a publicly-traded company.
Now control is the important word. Huey, I know you don't think % means anything in business but do you know what % is needed to gain control?
Secondly, it was Novacyt giving shares to Lab21. Usually it is the buyer that gives shares/cash to the seller.
This combination of companies doesn't seem to tick the reverse takeover boxes either.
I know you don't like Google but you really need to start using it. You'll learn loads before embarrassing yourself on here.
Lab21 acquisition - put to bed
Lab 21 closure - put to bed
Me - going to bed"
Naw, that wasn't my theory, I wouldn't post anything so dictatorial, arrogant, rude, wrong and stupid. That was someone else.
just scanned the thread another few times, still can't find me saying anything like that. Although I have now realised what a thoroughly nasty individual you are in how you speak to people. Very snidey, very childish.
"This would help explain why the AIM submission document referred to the Lab21 deal as Novacyt acquiring Lab21 through a reverse merger."
The AIM document called it a reverse merger (which is a takeover) because that's what it was.
Here's NCYT shareholders advisors for the takeover, an investment banking firm and not a Spanish blogger https://www.micheldyens.com/selected-transactions/lab21-has-acquired-novacyt-novacyt-was-advised-by-michel-dyens-co
Dev Clever didn't takeover Veative, they took over a subsidiary called Veative Labs and paid Veative in Dev Clever shares.
Shares paid was about 20% of Dev Clevers new float, the sub Veative Labs was 25% the size of Dev so it's a straight swap, note 20% is not a majority same as 46% isn't a majority yet a takeover.
Also CEO of VLPL Ankur Aggarwal the much bigger parent company joined the Dev Clever BoD and exe team, not quite CEO he still has his day job to do, but still broadly the same as GM taking over.
It's tenuous using that as an example, it's a totally different situation. dev clever took over a smaller company owned by a much larger company and paid the larger company in shares and giving it a top CXO role so yeah it's kinda a reverse takeover cos Veative Labs was smaller and their boss is kinda taking over running Dev, but he's also boss of a company much bigger than Dev. the Veative CEO is getting 30mm shares just for himself
Lab21 took over a larger company and paid in shares and took the top job. That's a straight forward reverse takeover
Regardless what you posted matches what I say. Getting 20% of the float and a top job is a reverse takeover, getting 46% of the float and the top job is also a reverse takeover.
Although there are numerous articles out there that say Dev Clever took over Veative
https://newsnreleases.com/2021/04/12/dev-clever-to-acquire-veative-labs-pte-ltd-for-approximately-54-75-million/
Geez, now if I was a childish idiot, why I could claim.......................
But the fun bit is that as well as abnormally emotionally attached to a Plc, they are also massively childish so they have to pretend that this global investment banking firm that advised NCYT SH on their takeover is a blogger called Michel
https://www.micheldyens.com/selected-transactions/lab21-has-acquired-novacyt-novacyt-was-advised-by-michel-dyens-co
digby I can assure you a lot more than two of the baldies were coming at me. I find it interesting that adults could be so emotionally attached to a Plc. I had 10k invested here, lot less now of course, I'm invested in several other shares too, I don't feel this cultish attachment to any of them for me they are just investments.
I actually try to find companies to invest in that I think will be taken over so I can make money. Mention NCYT been taken over or poss of Bio taking over and the investors here reach for the pitchforks and act like it's a dirty thing instead of a payday. Why?
"has willy checked out the link" that's it you crack on with your disrespect for other posters, as long as that makes you feel good.
Oh er Willy a simple answer A) or answer B) would have been good, so it is beyond your capabilities to spot the difference between an investment banking firm and a Spanish blogger.
still only understanding the takeover bit and not the reverse part.
Hardly unexpected from someone who 'mistakes' a global investment firm for a blogger.
has willy checked out the link yet
https://www.micheldyens.com/selected-transactions/lab21-has-acquired-novacyt-novacyt-was-advised-by-michel-dyens-co
You said "The UK has voted to leave the EU by 52% to 48%. " and I agreed they left. Just like the Novacyt vote to be taken over.
You have now jumped to share holders.
WRONG. Novacyt didn't get anything, shareholders in the old Novacyt were allocated shares in the new Novacyt entity (by GM) they are all independent shareholders nothing to do Novacyt, it's just a business vehicle. The shares issued to them in the new Novacyt was payment for agreeing to be taken, they didn't buy them, issued one for one according to their holding in the old Novacyt.
Nothing to do with any vote, once the takeover was agreed old Novacyt stopped existing. Hence the new shares.
This is a bb for shareholders but neither of you understand the concept. Once shares are issued, they're gone, the company doesn't own them anymore the shareholder does, the fact that 54% of shares went to people who had been invested in Novacyt means nothing, counts for nothing. Those people have nothing to do with the company. Unless they have enough shares to matter.
The word is 'Bearing'
It's not banter.
The Brexit it bit is why I consider you an idiot.
"The UK has voted to leave the EU by 52% to 48%. " excusing the bad grammar you should have stopped there. Nothing else is needed, the UK voted, the UK left. Where the voters lived doesn't matter, just their eligibility.
Same with Novacyt shareholders voting to be taken over by Lab21, it didn't matter where the shareholders lived, just that they were eligible to vote.
So, no you left, as you correctly said the UK voted to leave, it left. Novacyt voted to get taken over by Lab21, it was.
Here is a link, also a chance to prove you're not too much of an idiot. Follow the link and see how you get on (feel free to look around).
Do you see
A) the impressive client list of a global investment banking firm who advised Novacyt shareholders on their takeover by Lab21
b) a blog by some bloke called Michel
https://www.micheldyens.com/selected-transactions/lab21-has-acquired-novacyt-novacyt-was-advised-by-michel-dyens-co
"Lab21 has acquired Novacyt. Novacyt was advised by Michel Dyens & Co.
Novacyt (NYSE-ALTERNEXT: ALNOV), is a leading diagnostics manufacturer that develops and markets innovative solutions in liquid-based cytology for the detection of cancer, including cervical cancer and other non-gynaecological cancers, and Lab21 is a UK-based global specialist in personalized medicine and clinical diagnostics.
The combined group will create an emerging diagnostics leader with a portfolio of cancer and infectious diseases diagnostic products and services.
Michel Dyens & Co was the exclusive financial advisor of Novacyt’s shareholders on their M&A strategy, and ultimately the stock-for-stock transaction with Lab21."