Member Info for Bluelight

A very important message was sent from us all today. We drew a line in the sand and said, you want our support then you have to earn it.

When there is no institutional investors, ignoring your PI's is going to end badly indeed for the board. I think finally they are starting to realise this. You can only beat a dog so much with a stick before it turns around and bites your hand off, and make no mistake people we have been that dog.

I voted no, but I would vote yes if they linked future bonus incentives directly to shareholder return. No blanket acceptance from me when they've cost us 80% of our investment this year. Get a new broker in, change the PR and investor relations to a focus on information sharing ands not cloak and daggers, and make it so that when the company profits we all profit. Then I will fully back it.

It's a great development. If it had sailed through they would have just carried on as usual treating us as a complication to their lives. Now they have to develop some concrete plans to get shareholder support back. For sure that at least means a better French broker to attract II's, or dare we say US listing...

I for one love that they have egg on their face. Stop ignoring investors concerns, support us and we will support you NCYT.

Fair enough Monty, everyone is entitled to their own view. if you don't like mine then by all means feel free to green bin me, trust me I wont be offended ;) But I imagine alot of other investors share my views and frustrations. If a chunk of your investors have similar views then as a company something has gone badly wrong and needs fixing.

I simply feel that if the company spent less time chasing votes to authorise share incentives for themselves, and more time promoting the company to the media and the wider world, then maybe we would all benefit very handsomely. I doubt many investors would disagree with that view.

My view has never changed Monty, its always been a hold.

Nothing worse than when someone uses another persons words against them KiltedScotsman. Our personal dislike aside, bit of a low blow that mate. Anyway you can see from my comments I am holding, and I'm not even slightly worried about it getting slaughtered, as it already has been. What I am saying is the company board needs to make the investment case for it to go up again. It is owned by fickle private investors, to encourage more buying, or bring new people in the need to promote themselves.

I know others blame the DHSC for the share price decline, and thats for sure a large factor. But for me it is 100% a failure of the companies management that this has occured for the following reason. They themselves have created the environment for day traders, and the like to smash the price. They appointed incredibly poor brokers who's job it appears to have been to discourage Institutional investors, making NCYT more vulnerable to small investor fickle sentiment. They do nothing to promote themselves (I'm not buying the going under the radar not shouting about profits etc, you only get profits if you get paid for a start). They pay high salaries, and large bonus incentives that are not linked to shareholder return, in effect investors are paying these bonuses through the loss in mcap. At the moment to me it feels like the management are leeching funds from us. OK thats probably not the reality, but to me thats how it feels. Until they turn it around and make some massive changes to how the company is viewed and valued then to me it is a failure, not a world class company, far far from it. Anyway enough negativity from me, its a hold, but a begrudging one.

Dont disagree with that Kitzie. The issue remains though that NCYT has no institutional investors to speak of, which means that the are owned by small private investors, for whom a drop of 75% is beyond the pale. How is the share price expected to recover if the company wont do anything to support its army of small investors, through positive updates of clear future guidance? No one is going to invest in NCYT because they NCYT don't support and promote themselves, and by association the small investors. I've held them mostly for well over a year now, and even I wouldn't touch them with a barge pole right now. I'll just sit with what I have sunk in them, but I'm not investing a single penny more until they clear the DHSC or provide a useful update. And I certainly wont be supportive of company bonus schemes.

If its so world class why is it basically valued st cash?

What hacks me off most, and very nearly causes me to sell up (nearly but not quite) is the huge disconnect between what management say they've achieved for NCYT, worldclass leading diagnostics etc etc, and the reality that the x9mpany has dived over 75% this year. How can they possibly claim to be a success if they have lost hundreds of millions for the people who pay their salaries. They need a reality check, this year has been an utter and complete failure.

Takes two to tanho though Risehall. If it were clear cut we wouldn't be in dispute. That means someone at ncyt signed off on an ambiguous contract point. Cost investors hundreds of millions, so regardless of how it settles they should be sacked.

I think suspicion already exists between shareholders and management. I'd like to know who was responsible for the dhsc debacle, be it a lawyer, sales guy whoever. Then I'd like to see them fired. I'd also like to see the ceos bonus reduced by 76 5% too, and for sure not a penny more exec bonus until the share price posts a sustained recovery. What I like and what we will get of course is very different. What we will get is silence, and a closed door agm back slapping session saying aren't we amaze us, love us darlings.

Here's a suspicion I have. They paint everything in the worst light, factor in the worst case scenario without including any the rebates etc. They dissuade institutional buying, they do nothing to support the price. Anyone else think it stinks a little of the company positioning it low for a management buyout at rock bottom prices?

We've seen at 76.5% drop in share price this year, and they want us to support executive bonus incentives. Phrase you can F right off springs to my mind.

I see alot of those comments underneath pretty much match most investors sentiments, as much as I'm against posting on replies to them. Growing sentiment investors are suffering whilst ncyt benefits through bonuses. Be interesting how the vote on that goes on Wed. But can't disagree with them right now

Yep they have really screwed investors and discouraged it as an investment. I'd usually be banging the drum to friends to get involved, but can't bring myself to do it anymore as they'd probably lose money. They say it always darkest before the dawn but its been pitch black since January. Anyway, stuck with it I guess, but it would be nice if they did something positive for investors for a change, some straw to clutch. How would anyone in their right mind invest given how the company have f'ed it up this year.. They need to find a way to change perceptions

Yeah it's a difficult hold this one. The sad thing is no matter how low it gets you just know you'll wake up tomorrow and it will be down another 2-3%. Personally I loathe owning these shares now, but thats my heart, my head looks at the cash and the earnings and tells me its a no brainer hold. That said my faith in the company is non existent at the moment, they need to do something to turn it around pretty soon or they wont have any investors left.