Member Info for CaptainSwag

"Just a thought, after yesterdays result,If we had not spent the cash on Ygen would the sp have fared different,thoughts anyone ?."

sp would be higher as market does not value ygen at what was paid for it

Agreed chris.

i was 100% sure an agreement had been made yesterday after the days adjournment...so was running possible numbers through my head on what the settlement could be...and the resulting sp.

was expecting to be out today with an amount worthwhile of the wait..prob not break even but something

never expected ncyt to pay back - on a settlement

feel kicked in the cojones.

P100 - they always say dont trade 8-9 am

was obvious it was going to get hit and also people knee jerk reaction to get out

thing is some of the sp will be recovered today...company is still in existence so they can play the game and try to boost sp if they want.

harchris made a good point on the £1.38 target

there is no rush to get out

hope you put it behind you...it is aim...

I will be looking to exit but not at this price.

let the dust settle. LR knows the aim game and will no doubt do something to boost in the short term - director buys / rns updates etc

Val ju - you have to remember that up to ptr the company did seem more positive....i think the expert xxxxed us tbh.

in any case the legal team have to project that they are confident - there would have been negotiations prior.

was always a game of chicken - i just got it wrong that i thought with ctda approval we were in a better position

I think LR needs to buy something else

P100 - although it is disappointing and i expect the sp to hit bad at bell and then recover a bit

could you imagine if we had lost £130m? that is a wipeout

remember the gov applied for it all at the PTR...the delayed report could have saved us in hindsight

i did say that it had become more of a 50-50. the lengthy adjournment suggesting last min settlement threw me completely

P100 - better products in future

the got ctda approval in the end

"Why would we ever deal with the dhsc again?"

as they say its business not personal..would they refuse another big contract

"This has been an absolute disaster. 2.5 years of destroying the company for what? £5m. This government is the worst."

unfortunately the company destroyed itself by employing salad man and sitting him regurgitate the same powerpoints for one year

Well the reality is that there was an issue with the tests after all.

so they made a lot of money from something that was not great..avoided paying it all back

i have a lot of cash in ncyt - better than losing it all.

Harchris - could well be.

he maintains a good relationship with dhsc..

thing is when they were sitting on close to £100m - it would have seemed like more of a victory.

i suppose the reality is it is..they made a mint from covid. set the company to buy ygen

Kam - i suspect the damage was done by the experts agreeing.

i remember saying when it first became a serious issue ..that i thought a settlement on letting ncyt keep their cash and gov not paying the rest would be a good result.

2 years or whatever it is down the line however it is super disappointing

Xxxx.

i had hoped to get something from them.

oh well at least the company survives

VAL - Firstly it is an IF.

there would still be a court case and uncertainty. then as i said immediate appeal

secondly they are not claiming for loss of reputation. this case is about money owed

Wilson - i think it is difficult to think of it in pure terms of winning if a settlement occurs.

it will either be full court case or settlement today in my view.

if there is a settlement it is for both sides to avoid the full court case - time and expense and fear of losing. etc

a settlement means that both sides have to compromise and offer the other party better terms than they could get if they outright lost.

as i said i might be wrong but i cant see ncyt compromising on the £130m of the original claim. bearing in mind how they have said all along that they had a strong case an ctda approval etc etc.

BUT they could negotiate on the £80m that they are counterclaiming and still have a moral victory.

this would save the gov money if they thought they could lose plus the expense of a trial etc.

they would need to get something back in order to stop the proceedings.

the issue wold then be on the numbers. how much ncyt would be willing to reduce and how much the gov would be willing to pay. i suspect in a sense it will be easier for ncyt to cut down than to get approval within the gov to raise the offer. this would need to be signed off and who knows how laborious a process that is.

ncyt need to be careful that they dont close the window in my opinion.

if there is no benefit then the gov could proceed and even of they think they are going to lose go for an immediate appeal. we really don't want that

we would be back to square 1 of waiting an eternity.

in addition the gov might say valuable time has been lost on adjournment and that a new trial date is needed.

the election has prob affected things quite a bit.

personally i hope a deal has been done late last night or this morning.

we won't get the full whack but it puts and end to it and the risk of a loss

a deal could also potentially salvage the relationship between both parties - something ncyt will be mindfl of in terms of future business

Sounds to me like they are close -just thrashing numbers. the lawyers will have to do their best then run it through ncyt and gov. the gov thing might take time - getting someone to make a decision.

the fact it is listed tmrw does not mean it can't be cancelled first thing or be adjourned again.

P100 - The trial was supposed to start today - if they adjourned most of the day then something is up.

i honestly thought it had gone past settlement stage and that both parties were confident in their claim....

BUT to adjourn all day - means they were quite near to an agreement to me.

an Hour could have been a technical issue etc...

Val - the counterclaim is for £80m or so - that ncyt say the gov owe.

so I could see them settle for £40m /60m to avoid trial.

plus if they do go to trial..even if ncyt very confident..the gov would prob do an automatic appeal...

and then we are back to months and months

of course it would mean sp of less than £2...but i would take it

Can't see ncyt doing a deal on what the gov wants (£135m) but can see them do a deal on the £80m just to put an end to it.

B2 - not sure I would agree on that

If it had been an adjournment for an hour - possibly

But not a loss of a day.

they would have a tight schedule to fit it in the timescale provided- and the judge and or lawyers would prob/poss be booked for another case straight after.

i doubt theJudge would also take kindly to a delay that should have been sorted pre trial

smells like settlement to me now - a day adjournment is a biggie