Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Let's unpick this one line at a time.
"Huey, you state that Novacyt need an e-commerce platform when they have already said one was launched in Q2 this year. Who's right ,you or the company?"
I believe I am right as I cannot find the ecommerce website, do you have a link.
"The RUO portfolio was relaunched in July this year with the assays proven to do what they are supposed to . Out of the RUO portfolio 250 assays have been prioritised and these are available on a seven day turn round . The remainder are on a longer lead time."
Novacyt statement 8th Nov 2022
"At Novacyt, we strive to maintain and upgrade the products and services we offer.
Following a portfolio review, Novacyt has decided to bring more clarity through rationalization of the product portfolio, and as a result is discontinuing the production of the STANDARD format RUO kit portfolio. However, there will be a select number of the Speciation RUO Kits that will remain available.
We wanted to promptly inform customers of the discontinuation of the affected products to enable our customers to prepare for alternatives or assist in their product portfolio renewal process."
Some freaking relaunch, they took the portfolio of tests out of the corner, shook the dust of it and chucked it in the bin. You might be happy about that but if you were invested you wouldn't be.
"You also made the comment that Novacyt should be launching some these as IVDR clinical tests.How do you propose to circumvent the backlog in the EU approval process? That's why access to the Clonit assays is a positive while Novacyts tests work their way through regulatory approval ."
Why not get certified on time like Clonit did, it was a 5 year transition period.
"Regarding that site you are using for job reviews, doesn't anonymity reign supreme."
"That site" that I'm using is the No.1 employer review site in the Western World with 50-100MM monthly impressions and a T/O of 500MM as a business. You comment says more about you than it does about myself or Glassdoor.
Now then, where's the ecommerce site you keep talking about and more importantly where is this great portfolio you also keep banging on about.
Wakefield is Chairperson of BoD, that's his role, maybe he does it well or maybe he doesn't, but that's the extent of his job.
Same for whoever is CEO, they're the boss and they are responsible, but Sales Dir and Marketing dir are responsible for sales, HR dir is responsible for culture and people, the CEOs job is to have everyone doing their job, not doing their job for them.
Personally I'd prefer to take the reins at 52wk lows rather than at 52 wk highs, less room to fail and more to succeed.
Considering Lab21s history I wouldn't be surprised if a few old faces popped up as shareholders or on the BoD, did GM ever do bad M&A? and he had to raise his own capital, what would he do in a depressed market with 100mm cash. Bet he wouldn't have earning interest in a savings account
Miln, not bad payers, customer takes legal action citing breach of contract happens all the time for honest and dishonest reasons according to your perspective, but thats life. Same with actual bad payers deal with it thro contractual terms, pre pay sch, escrow etc. All this is day to day stuff, just unfortunate that my shareholding is on the wrong side atm.
Regardless of the simmy from the value of a gov contract to mcap value which is silly, can I point out that if you need a pony to do a trick and you don't have one and then someone shows up with a one trick pony and you use it, it's dodgy to complain later.
NCYT was a one trick pony and banked £100mm, with that cash it can develop and/or buy other ponies, just needs a CEO to sort out culture and environment,
Because if govt thought like that at some point they would buy from no-one, in business in general (unless you are very very rich) you buy the best value (not cheapness btw value) and also there are laws against grudges in business.
That's besides the point it's a stupid OP, so don't encourage trolls
Ex-Employee, back in Sept 22.
"Higher management (now departed CCO for example) had little post-Covid actions/plans. Proposals of alternative areas to grow into (from sales teams on numerous occasions) were not recognised until it was very evident that covid testing demands were on the downturn. It’s unfortunate that there was lack of future planning based on utilising instrument install base to leverage the promate solution/technology within public and private sectors.
The portfolio of RUO assays was strong but needed updated. If they were maintained it would have given a strong start to post covid markets prior to gaining CE-IVD/IVDR
There was a toxic working environment within and between some commercial divisions.
The lack of a proper e-commerce platform is telling of the position of where Novacyt currently is."
The problem is a neglected portfolio, and probably a bigger problem is the lack of an online sales portal. A complete lack of interest (or ability) in creating an online presence is very worrying. Becoming a reseller is not even a sticking plaster as the bigger problem of no on-line presence or web sales portal means that the business will continue to lose out to most of their competitors who are already online.
2 Ex-Employees in Nov 22
"poor communication between departments, unfit managers for managerial roles, no support from colleagues when issues arise. Slow and bias HR team who don't want to resolve on going problems when the people in question are liked by the HR member dealing with the cases."
AND
"Nothing is rewarded other than lying, false promises, betrayal and being ultimately cut throat. All whilst being encouraged to sell out your peers if you dare criticise or draw attention to the wrong doing or unregulatory and unsafe practices."
That's where NCYT is regarding it's toxic work environment and bad management culture, one year after DA joined and just after he left.
Nothing has been fixed.
Lousy revenue in the 2nd half could have given a more immediate reason for DA to go so the BoD have a departed CEO as a scapegoat and I'd guess a new CEO will join 1st of Feb after the trading update for 2022 is out so they also have a clean pair of hands.
As many expected DA's departure to be a matter of time including the BoD, I wonder if the new CEO is already in place. Hopefully with a plan and some replacement directors.
If so, the SP could start a nice recession busting climb back up the mountain. Amen.
I forgot to say Dear Santa at the start
But it's Q2 not Q4, Q4 after a bad year I can understand kitchen sinking sales, but if it's a discount of 'seasonal' products in-season was Q1 and Q2 disappointing, is the outlook bad for Q3 and Q4. 1/2 yr update due in a few months, they really need to show some kind of recovery
This is just the end of Q2 for NCYT, wonder why they are having a sale of 'Winter' tests, all major contracts are long since tendered for for this winter, it can only be targeting small ad-hoc customers. If so, is it because they are hitting the market hard as part of the turnaround and targeting all markets with everything everywhere or is the turnaround still parked, have NCYT not won any major contracts and is now scrambling to get pennies in before the Q ends.
Also NCYTs social media on every platform is a disgrace, they have made no attempt to build an industry network online so it's mostly random people, ex-employees, day traders, investors etc who are seeing these ads
Oh good grief fishy, did you not read what I posted before replying. The bit where I said "you're an abusive trolling account whose purpose is to make some sad sack feel happy by anonymously being a total prick"
Especially the "make some sad sack feel happy" bit.
Because you just replied as some sad sack whose sooooooo happy to get 28 likes (I gave you one too pet) on a obscure anon BB.
Not to mention making another sad sack clown wet itself in idiotic delight at the possibility of making a friend of you.
What a funny little trolling account you are fishy, you're long dormant posting history is a scream. Several posts abusing everyone and NCYT as stupid amateurs and then in March 2020 you give investing advice
"105p and plummeting.............................I rest my case."
Fairly sure it went to about £11 after that.
Anyway long story short, you're an abusive trolling account whose purpose is to make some sad sack feel happy by anonymously being a total prick, well the grown ups are busy talking so go and play outside (in the traffic, ideally)
Sharestack most of the clown accounts here are run by one maybe two trolls so when they have a day off it's peaceful.
One low intellect troll is on a break after spoofing about a 25k buy. Shame really he'd have made a few grand if it was real. Although if the rest of his spoofing buys were real he'd be broke long ago.
Hope the ghoulish clown stays gone
Not manipulation in the sense you are thinking, it's all legit to buy or sell in any amounts you want at anytime, there is no deception. It may also be MMs building or selling a pool of shares because of previous trades
thanks for posting Ted, a positive read for a change. Digby, abdx are still on the ropes and yes NCYT has the resources to see it out, however, I question their enthusiasm to do so. If NCYT made statements like this at least occasionally I would be a happier SH.