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Anthony Dyer joined and Graham Mullis now chairman. Lovehemp must have been desperate or smoking their own products to employ these two. Watch out new investors.
Both of these people deliberately misled investors on Novacyt to maximise their LTIP strike price in October 2021. In that same month, both men retired only to join new companies months later.
Private Eye has a very telling story on Graham Mullis where he is alleged to have falsified covid test data and the DHSC is now claiming £135m against Novacyt. Meanwhile Graham Mullis and Anthony Dyer left Novacyt with £12m bonuses and able to cause more damage in other companies. All of this information is available online.
To put that into perspective, that wouldn’t even cover DA’s £200k golden handshake plus employer taxes.
The finances are not in ‘such rude health’ though. How many companies on the London stock exchange have anything near to £135m claim against them?
Or do we just pretend everything will be ok because the board that everyone is currently saying are inept and useless also said “ The Company continues to believe it has strong grounds to defend the claim and assert its contractual rights”. It wouldn’t surprise me at all if the next RNS says that our 12month LTA extension with WHO ending July 2022 has now come to an end. This BoD need booting out.
Got to stop you there DRB, I’ve proven many times I don’t trade this piece of cr4p but on hindsight I wish I’d shorted it. If you would like to see that proof again, search my tweets or drop me a DM
I see Anthony Dyer has now joined the board of Lovehemp on 5th July 2022. I wonder what our retired couple are too?
https://find-and-update.company-information.service.gov.uk/company/11797850/officers
Harchris, it’s not discriminatory!
It’s just a fact, all you traders think it’s fine to buy low, come back on the board and start ramping for your ten percent. You have no morals whatsoever.
You only came back on the 7th July on the back of Novacyt SP tanking and thought you could make a quick small profit. Anyone can see from your history you just jump around the same group of shares and buy on the low and sell a few days later. Why you trying to be positive on this share now, you sold and derisked at £1.50, so you obviously don’t think the share is going to rise much or have any belief in it. Which is fine, none of us do but don’t trap others for your own selfish reasons.
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RE: Master plan15 Jun 2022 08:05
Hi crl123 - I didn't exactly buy the bottom sell the top, I reduced at 151p which looks okay on paper now I suppose, especially if I buy them back. I agree with you I've just got to decide whether or not I'm happy to wait it out that long, in truth I've felt better recently with a smaller holding as at times I was rather overexposed here.
DRB….just being realistic. Let’s look at this positive post from you back in October…….definitely not a ramper are you, lol!
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DRB83
Posted in: NCYT
Posts: 2,535
Price: 254.30
No Opinion
£475m Revenue required28 Oct 2021 19:10
Rev £475m
EBITDA say 35%
EBITDA = £166m
PV ratio say 15 (post covid)
Mcap = £2.5b
Sp = £35ish
That is the target. Not a millions miles away to be fair
https://www.lse.co.uk/profiles/drb83/?page=83
I’d be surprised if the company still even exists in 5 years time certainly won’t with the current CEO and BoD in place.
Hopefully next Wednesday, We find out that DAs position has not been ratified. I remember all the rampers on here saying what a great salesman and marketing man he would be! Couldn’t have picked a worse inexperienced CEO in my opinion.
How’s your little chat group going DRB?
DRB83/ Porky9…..the only reason you are calling me a hypocrite is because you can’t possibly conceive the idea that someone has morals and doesn’t think about themselves like you do. I’ve been consistent all the way through the last two years holding here and on twitter.
I’m surprised you are back showing your face so early on based on your reputation and outlandish rumours in the past. Maybe you could start by apologising for your past comments which were all wrong?
Johnny19….yes my position and narrative is clear as is my conscience, which is to protect others from dubious posts trying get investors to support their short term trade. Everytime the sp reaches another bottom, we have a whole host of new posters ramping the share. It disgusting as you know they will be gone in a few hours or days time. Nothing more than daylight robber the way these boards work. LSE won’t do anything as they make their money on number of posts per day that in turn supports their advertising targets. They know rampers bring in traffic and revenue streams. How many rampers do you see banned compared to so called trolls trying to protect others from making mistakes?
Johnny…..there’s a £134.6m claim by the DHSC. The ever decreasing cash position is well below that figure. They have very large staff numbers which is eating into that cash. We have a tiny income now to support that and poor management and strategy it seems. Suggest you face reality, not the fudged figures that people try and put together here or guesses that everything will be alright and we will win. The market obviously knows more than us, hence the sp tanking.
I guess they see it as a tax efficient way to reduce their tax bill. Also all CEOs are expected to buy shares so not much choice. Perhaps there was an agreement with the £200k golden handshake that half had to go towards a share purchase? Who knows.
Not really Hallsworthy is it. Now getting taken down….what a surprise.
We have a rusty old ship holding suitcases containing £100m. Unfortunately our drunk captain and crew are doing their best to scuttle it.
I see James Wakefield is moving a lot of his correspondence in other companies he holds directorships in to his company westbridge. https://www.westbridge.co.uk/team/
Expecting to see this fall below £1.00 today. Grab all those round figure stops, little rise up for 10% profit the. Weeks of sp drifting further in the AGM where DA loses his job etc.
Massive inflation, energy prices skyrocketing, petrol price almost doubled, food bills massively up, interest rates rising. Trust me, no one is spending money buying tests unless they are rich. People using up their old home free LFTs, that’s all. Stop living in the past.
“Why did the CEO and CFO both invest at the end of Q1, both already aware of the decline in revenues and the expected escalation of the DHSC dispute?”
Maybe you could also ask yourself why GM and 5 others bought shares at £9 in October 2020? Maybe because they clueless or looking for an efficient tax writeoff.
B2….did you read what I just wrote? He’s a multi millionaire and you think he’s averaging down with a £7k buy. Have a word with yourself mate.
Are you for real B2? He bought 7k of shares …..about £8,190. Most traders spend that.
He earns £100k at Novacyt for 40hours of work per year. He is also the chairman of Westbridge. He’s a NED at Bespoke. He’s a NED at Wilcomatic. He’s a chairman at DM Systems.
And you think buying £8k is leading to some massive news!!!!!. Wake up. He did it to laugh at shareholders with a bit of pocket change.