Member Info for Blue83

IMO

NCYT should proceed to legal action as soon as possible as time is critical to them & their winter sales campaign and less significant/perhaps even an advantage to the DHSC.

They should also publicise the fact of availability of their product in the meantime

I don't think it is a negative leak, just reaction to waiting a few more weeks for information that won't be price sensitive & extension of expectations for the resolution of the dispute

I've sent 6 questions in so far.

The best question is not suitable for this forum having operated for months on the basis only permitting positives in the hope of holding the SP up. Sort of see no -ve, hear no -ve & speak no -ve

If it had been resolved they would have to announce that when it happened as market sensitive info.

btw there is a FOI response on the question expected next week 11 Aug https://www.whatdotheyknow.com/request/novacyt_dispute

well it is that the SP fell in context of clever Trevor selling while the Dutch were finding out that the machine wasn't conclusive for AD.

The shame is that fund managers pick up the phone & speak to GM but only owning 0.25% doesn't bring that privilege.

Personally, I am grateful for any crumbs of information that they pass on & generally accept their experience rather than anything else led them to sell out before the 9th Apr RNS.

Indications given to PIs were that the contract was likely to be extended, then it couldn't be discussed as it was under negotiation & then oops... actually there is a dispute that we later find started months earlier & actually, a further £41m net is dragged into it (how?! if a customer hasn't paid, is it normal to give out more product, or is that asking for trouble?).

It doesn't help that this forum is for positive statements to support the SP rather than discussing potential negatives.

GL perhaps the DHSC are worried because they are in the wrong

I can see an argument that some IIs won't hold under the current regime which has pushed SHs to hold on faith, & blind faith at times, searching out information that they can find when they can find it, having taken on a contract huge for the size of the business now bogged down in its 8th month of dispute with a clamber in the market for its products.

GM's reign was outstanding in terms of product development but given the productive capacity the business has had since October the sales & commercial potential, direct or in collaboration, might have achieved a significantly different result.

Personally, I am sad as GM stood out as a "good guy" (as Richard Leonard put it once) to me but I also think the business could benefit from a more rounded contribution to its performance and relations from in its financial/commercial directorship. Perhaps this is a step in growing & perhaps also GM has been exhausted in his huge achievement since the pandemic first came to attention.

Before I start this contributed is a clue for investing in this business rather than deramping it

A contributor on another BB summed it up rather caustically like this -

These lot are absolute jokers;

"Full accounts are here as they didn't want to RNS the important details;

https://ir.tizianalifesciences.com/static-files/eefd92e3-743f-4571-ac64-5a243742975a

Apparently a £468k base salary wasn't enough for Kunwar Shailubhai, so he took an additional £164k bonus...as well as £1.6m in share based payments.

However, the real icing on the case is the £10.2m 'realisation bonus' paid to the chairman...

"In addition to the target bonus mentioned above, Gabriele Cerrone also had a realisation bonus in his contract whereby he was entitled to a realisation bonus amount equal to the Enterprise Value multiplied by 2.5% in the event of a new equity capital raise in excess of £20,000,000. This bonus became payable upon a £44m fundraise carried out on August 5, 2020. The Company equated its market capitalisation on this date to the enterprise value, resulting in a bonus payment of £10,290,230. Gabriele Cerrone agreed to receive this bonus in the form of equity, amounting to 4,763,995 shares. The number of shares to be issued is fixed."

The disclosure of such a bonus arrangement makes the placing last summer look pretty suspect. It's easy to imagine how certain parties could profit from the 650% increase in the share price between March and July, put said profits back into the £52m placing and then make more money back on the other side by shorting the shares. Everyone wins apart from all of the private shareholders drawn in, particularly those unlucky enough to buy above £2.

How is there not a blatant conflict of interest in a chairman being given shares for raising money?!"

Its a bit over done but entertaining & clear enough IMO

Perhaps the company has some substance but it is not the real factor for investing so be wary.

It would be more useful for a SH to be aware of the skill the BoD have shown in ramping the price to suit their self interest (& then letting it drop) and time their entry & exposure with a view to personal benefits that accrue to the BoD.

Whatnonewsyet - I found your 09.47 speculation about the dispute helpful as a hypothesis & a refreshing contrast to contributions on this BB that try to close out consideration of what we do know for sure. Thanks

or " too many crooks" perhaps

It depends on the level of SP by then, so it'll go well or it will already be there IMO, GLA

Its like a gift that keeps giving! GLA

https://finance.yahoo.com/news/kantaro-receives-fda-emergency-authorization-123000381.html

Just read this on Advfn BB

cambridgedon25 Nov '20 - 13:01 - 632 of 650
0 0 0
Kantaro Receives FDA Emergency Use Authorization for Semi-Quantitative COVID-19 Antibody Test Kit that Detects the Presence and Level of SARS-CoV-2 IgG Antibodies.
Just out!
CD

This £406m is the contract RNSed by NCYT last week (£150m + £100m) plus of a figure for some number of the 700 additional machines to be supplied at option of DHSC in 10 weeks of phase 2 but excluding variable costs of machine usage, isn't it?

SP is very under valued!

Zach,

i wish you the best here & am glad y're making money, good 4 y.

Y r comment above on shearclass is mistaken though. he is far from an idiot,isn't he? & there is nothing vilage-y about him, is there? He might be other things but those two are just wasted words. If you have a beef with shear y say whatever it is so he has something to consider, otherwise he's gone. IMO he may be abrupt (SA like?) but his comments have been class right enough, for me for their helpfulness & accuracy and the interactions I have had with him/her have all been enjoyable too.

GL to y

& best wishes to SC, thanks 4 yr help

just added a bit from sng.

Thank you SC, I have a feeling that y or someone set the figures out before now.

It is neat & impressive.

TILS is doing a similar thing spinning off an activity called stemprintER by capital reduction. It doesn't feel as clean but at least application to the court doesn't seem to be required which I have a feeling was once.

How can the SP not go down today? I am glad but I don't understand why shares today are not valued less than yesterday if eligibility for Verici shares was based on holding yesterday. I expected a decrease in RENX SP equivalent to the present perceived value of Verici shares. Nearly didn't go to my max yesterday.

& significant holdings aren't shown as a disclosure in the financial statements either.

Well done.

The issue on 8 Aug was 8% & the one on 28 Aug was 4%. Some one copied the bands in here lower than that under French Code but as was pointed out, the disclosures for filings says :

"The Company is not subject to the disclosure guidance and transparency rules made by the Financial Conduct Authority under Part VI of FSMA."

I missed the word NOT.

Please correct this if wrong anyone

what Graham is saying is very helpful as they don't know & they don't need to know
so we should expect to have positions or movements on other IIs announced as they would be as under UK rules
so they could be selling volume

is that right?