A bit surprised more are not selling at 0.005p +.. Not much more to gain even if it does go through. There is risk it could go pear shaped too. I have a few left in but have been selling at these levels with my last being 3.4M shares a few minutes ago.
Wouldn't be surprised if they make a hash of this sale too.. I think there are many who reckon they will vote against and some are big holders too aCcording to TW. The feeling of Rees walking away laughing at everyone is too much too to take for some, inc myself. We will soon find out.
RE: BEING SOLD ON THE CHEAP, EXTREMELY CHEAPLY!!?28 Jul 2023 10:59
Ncyt are as big or bigger basket case than Ygen!! Won't touch Ncyt until we know the outcome of the govt dispute. Latest results there were shocking imo! Without the covid cash they would already be toast..
The company has been totally mismanaged simple as. It's too top heavy and if you can sort that out then it's quickly into profit. They are in need of investment, which of course this is where Ncyt comes in.
They are growing at 20%+ as it is, with investment that will be even better and quicker too. They have some good partners like Ambry genetics in the USA. Big players in their own right and wouldn't be surprised if they joined the fray with an offer.
The potential jewel in the crown is their Ranger tech. Really good bit of kit that's not long been launched. in it's upgraded form.
Plenty more stuff like their Nipt offering, which is where they supply Ambry in the US. Europe is getting back to good growth too.
They have plenty of other products and also are selling Ambry cancer products here and europe.
The business model seems to be about how many employees in the company. It seemed to be the big brag on every report/presentation. Didn't seem to matter about huge losses and total mis management , but we've got 250 employees ..Hilarious!