RE: Strategy13 Apr 2022 11:44
DRB....you know as well as I do that the SP got ramped, it was never worth £12. Then we got the famous double top at the end January 2021 as a secondary ramp and then the big sell off. A lot of people here are guilty of those ramps (like your alter ego Porky) that likely led to investors getting caught up in the moment and then trapped for the long term or forced to sell at a loss.
Now we are trying to sell the 'jam tomorrow' story with another long term strategy. Have you read the long term strategy in each of the annual reports, I can tell you now that they all failed except the lucky blip for those 6 month in 2020. Before then there was failure after failure followed by the hoodwinking buy GM in those 6 months and then followed by more failure. Nothing has changed, the same people who led this failure are still in key board positions. James Wakefield is still as useless as when he first joined Novacyt.
So what has changed? We have a new CEO, one that is a ghost, one that has done absolutely nothing in the 6 months that he has been at Novacyt. A first 100 day report that I could write in my lunch hour. No new products, no new IP, just reporting on the same delays in product updates for the CDTA which had already been submitted way before his time at Novacyt.
DA has managed to sort out his LTIP, deliberately muddied the wording but in fact means he can stay quiet for the next 2.5 years and then ramp away just as GM did. What else, oh yes bought some shares, probably for tax write off reasons.
The same useless communications exist for PR and IR led by the equally useless Mandy. The MA has not changed, same product delays, same turnover of staff. A leadership team that hasnt the foggiest of what biosynex are doing. 10 year old technology of IT-IS with a few software updates.
Now, you guys trading are trying to ramp to coincides with the 215-220 bounce (if we are lucky). Might return to 240 and then back down. Volumes are nothing, there is no interest here, the story is dead and I have little confidence in DA to change that.
Now the traders will say, you don't have any shares or you cant sell what you dont own. Or deramping to try and get a cheaper entry.