RE: Yesterday’s response3 Nov 2021 09:10
There seems to have been a concerted effort over the past few days (continuing this morning) to unsettle people and sow uncertainty and doubt amongst people who mat not be familiar with accounting practice, and in particular cash-flow and money at the bank.
Everything that has been suggested, and too be fair, on both sides of the rift, is speculation and guesswork. However, a little bit of common sense should be applied and some of the more outlandish claims (e.g. that a stock write-down takes money out of the bank and that staff costs will wipe tens of millions of the cash at bank figure) are complete nonsense.
If you are a genuine long-term holder, then just look at the positives (which are many) and calm down. It is my own personal belief that the fundamentals here will win through. We might take a while, but all the innovation, IP and pipeline of new products and services will take Novacyt into a bright, post-covid future.
Give the new CEO a chance and be patient.
As a final comment, a lot of attention has been focussed on Mandy, a long-standing employee and basically an administrator who does what is requested of her by her bosses. One or two people have said that they believe some of the comments made to be out of order or beyond the pale. I completely agree with that sentiment and a few people on here should be utterly ashamed of themselves. Bullying is despicable and even more so when done anonymously from a keyboard.
Good luck all and for goodness sake chill!