Member Info for Bluelight

It's interesting people think the government would pay a penalty to cancel the innova contract, and yet some think ncyt has to pay the gov for having fulfilled ours... I think 100% we settle in coming weeks and the gov pay us what they owe in the contract terms, a cash windfall if you will, to add to the war chest.

8125 cases today, hospital admissions also increasing

I just wonder if we'll get a crazy RNS that states we've concluded the DHSC dispute and have been the nominated LFT provider with our partner to replace innova. Would not surprise me at all. LFT due before end of the month, 22nd June Innova contract could end....

First media report I've seen... https://www.theguardian.com/world/2021/jun/11/us-health-agency-gives-innova-lateral-flow-covid-tests-scathing-review

I read in the FDA letter they had to change their website immediately so as not for sale, so looks like they did it asap, hence not for sale now. if youd looked a few days ago was probably listed for sale

It is going to be an exciting couple of weeks :)

Only professional use, we already have that and are due in a matter of days to release ours which will also be home use. We just tend not to RNS every step of the process....

Personally I'm expecting a 10-15% up day today. We usually get moving in the afternoon, so we are very nicely positioned right now

Stop whinging B2HS2L, we are all adults and make our own decisions, if Porky told you to jump off a bridge would you? if any random poster told you to do something would you? Move on, its boring now

Set up nicely today

I'd suggest focusing more on investment decisions and valuations, and less on obsessing over specific posters. If you are invested in ncyt and care about building up the company then how about making today a day discussing ncyt and not as has een creating another day of negative poster witch hunting. Let's make ncyt great to invest in again.

What are we thinking, £20 a share open tomorrow? ;)

It was less than 2000 a few weeks ago at the low, we'll be 10,000 a day come the end of the week, 60-70% weekly increases. I find it strange NCYT hasn't seen more interest given its accelerating infection rate. Used to be correlated to case loads. Its another 'positive' (not meant to be derogatory to the poor souls affected) for the share price which is currently being under represented in the price. Increased infection, higher testing, more products, growing private sales. Lets be honest, once this DHSC is done and dusted we may well set new highs.

Todays was 7393, I just round to nearest 500 rather than be pedantic with the specific number

If you are an investor and the price constantly falls and yet the company makes money, then as an investor its a failure and you'd change management sharpish as it highlights something is broken in the company. From that standpoint NCYT has failed uterly this year for likely 75% of investors that are currently invested. If a company makes 1bn profit but the share price drops 90% and there is no dividend, is that a success? No. Of course, where we are now in the share price is utterly ridiculous, and the price come a few weeks time is likely to be more reflective of its profitability. As we stand today this company is a failure for most of its current investors, thats not to say it will remian so, hence why we hold and add. It's a £12-14 a share company to me, and with patience success will come to those 75% underwater, and not just NCYT's bottom line.

A companies success of failure is measure by its mcap. Doesn't matter how innovative your company is if you are worth nothing. Time to shift focus to making the companies valuation reflect it's quality, and not its innovation. In that I agree he has failed miserably this year, but we are only in June so he's got time to turn it around. If come AGM he's still destroyed shareholder value then his head is most definitely on the block, regardless of innovative success.

Another 7500 cases today, not long until we're back in the 10's of thousands a day again

However way you look at it, it is massively undervalued, and I don't use that phrase lightly. The cash wont be impacted in my view. DHSC witheld payment on a few months invoices, which is what the dispute is about (they over ordered in my view). How I see it is the dispute resolution will add cash to NCYT as it will be payment for the unpaid invoices. Simply put, we will get a reoolution, a lump sum payment by DHSC, and suddenly our cash position will rocket £50m odd. Obviously on that day the share price will likely double or more as it seems to be completely misunderstood. It's a waiting game, with opportunity to add where people feel able. Frankly the fear factor is way beyond the reality of the situation, buy when others are fearful.

Generally he does films for new products or new releases for NCYT, he's their go to man. Often he provides a heads up to new RNS's coming through. When he comments he's finished filming, within a day or two you usually get an RNS from NCYT with a new product/development. Could be LFT.

I'm with you there Shearclass, no point engaging the bottom feeders. Let them just banter on to themselves, save ourselves alot of wasted time having to read through the garbage. Time for a bit of a break from LSE, twitter is currently the more informative board. Which in itself speaks volumes.