Member Info for Bluelight

FDA news is meaningless in my view. It's all about opening new sales channels and expanding distribution, as they are doing. The sales will grow rapidly as the virus becomes more and more widespread. FDA news is just use don here by day traders trying to crate volatility one way or another. Might as well be saying its cold today share price will drift, or its hot today, going to be new highs for the share price, all just noise.

Don't understand peoples obsession on here with regards to the US. It's one country that makes up only a small percentage of the world. It's a global pandemic people, not a US pandemic.

US rise yesterday is just a house of cards. I feel they'll get slaughtered this afternoon, which will inevitably pull back european markets and TLW with it

Give it a rest Maq, its a wide bid offer spread. We all want it to rise but don't need endless ramping commentary.

Not a chance. Its the only play in town right now

All day long the european markets were going to give away all their morning gains, nothings changed for me. So livid with my bank they didnt put my buy deal through, cost me 10% already, and I suspect we will close well in the blue later

Fed up with HSBC. Twice now I've put in a bid 2% above the offer when it drops, only for it to not get filled and prices then to move up. I guess there's little volume on the offer, but still annoying

Ok thanks, looking forward to tomorrow's open then

What does that mean for NCYT?

Its more than a £100m company. If you look at recent orders on the relatively early outbreak orders, of c£3-4m. That outbreak is now becoming a pandemic, so insert your own figures on how the sales will grow, but obviously they will be significantly higher. My guess would be orders will be well over 100m alone over the next week or two.

Have some colleagues in the city who say their companies have banned all employee travel and events. Also said that one of their colleagues in another department is in 2 weeks quarantine, and the police say if you leave your property you will be arrested. I didn't realise people would be arrested if they attempted to leave their home when self isolating..

This is the sector to be in at the moment. Anyone linked to CVD tests / vaccines. The whole markets are an absolute bloodbath, and I see more and more people fleeing to this sector as they pull funds out of impacted sectors and shares. In my mind this and Pharmas are the only plays in town right now.

We've just had someone in our office sent home (UK) as they had the symptoms and have come from one of the risk areas abroad recently. The doctors will be testing them. I don't see how NCYT can't rocket from here, as its becoming mainstream now, and the demand for testing most be growing exponentially.

That's annoying. Tried to buy more and it dipped briefly below my level but went to auction and opened back above it. So irritating, would have loved more at 100

From my experience its unusual for a company to take out loans/guarantees on behalf of other companies, and then allow other companies to use those facilities, without making it very transparent. Effectively the other companies were using NMC as the default for their investments. The fact this is only just coming to light with a thorough investigation highlights that they knew it was at best fishy. I'm no financial expert, but the commentary from the markets financial experts suggests they have been very naughty, hence the firings and 'extended' gardening leaves.

Or at least a break to recharge

You've not had the best of luck lately MrD, feel for you

From the FT. "The review has also flagged $335m of supply chain financing arrangements entered into by the company but used by entities controlled by Mr Shetty, who had been co-chairman of the board before agreeing to step back during the investigation, and major shareholder Khalifa al-Muhairi, who resigned from the board earlier this month." Also state they are investigating discrepancies in its cash position.

Fired its CEO and suspended other senior finance members after hidden loans are discovered. It's hardly going to open up when it is unsuspended is it. It is suspended so that it isn't bankrupted by the inundation of investors liquidating as soon as the market opens. Its a dead duck now.

It's not going to look a bargain if China keeps everything closed like it is doing. They are the global driver of energy and commodity prices. If things keep getting worse then commodities are going to keep getting a kicking.