Member Info for CaptainSwag

"You can clearly see why brokers were indicating the company needed to be valued in the £25m/£30m range, over 10p a share."

5-0. That was an old broker note and that targe t was removed several notes ago.

To be fair it is a good rns with news that the company has made a profit for the first time in years...although it would only seem to be £300k. So don't get too carried away

A surprise as the company had forecast a loss and then confirmed that it was on track

"Do we collectively feel that the DHSC are using this as a test case to determine whether to go to full trial "

I did post on this last Friday...

"I wonder if the gov will decide on pursuit of the rest of the case in light of that decision - if it should go ncyt way?"

If it were anybody other than gov..i would say very likely. Remember 70% of commefcial litigation cases get sorted before trial

Problem is that it is not coming out of their pocket and what agenda do they have? Is it just about getting money back or showing to be robustly pursuing covid monies spent?

They must know the gist of ncyt's argument because presumably there were many talks For reconciliation even before a court date was applied for?

In addition the particulars of their original claim were amended after ncyt defence and an order from the judge..so it would seem to me that they may have got some feedback that there was an issue

The aspect they want a judgement on ..relates to the full value of the claim. So if it (touch wood) fails do the gov have something more robust to fall back on?

I do think this review could be pivotal..as it will set the scene and prob give both sides a feeling for the judge

Val.. I don't think anyone is suggesting is not true...and many of us believe ( with the limited knowledge we have) that ncyt have a strong case.

It was just the change in wording that was not only a surprise but very welcome.

Normally ncyt don't seem to care about shareholder sentiment and don't bother with giving any encouraging wording in an rns.

Unfortunately with aim that hits hard.

No news and sp always drifts down.

The rns could have been worded more neutral and I would have bet the gains would have been partially wiped out.

As it is the inevitable drop back was halted and momentum back generated.

With aim ..you need to be bod and CEO to understand and play the game. This attracts sentiment and newbies..

Also enables trading etc.

LR knows the game...and although it won't make a difference long term...he will either bankrupt the company or hopefully make a success of ygen products....at least there will be an interesting ride and opportunity to trade or top slice.

A chance to make back some losses

If we get the cash..and can make some more acquisitions then who knows it might be a share for the future.

It certainly will make me evaluate on a good result rather than diving out asap

Agree ted

I thought the same. LR knows how to play the AIM game as I said before.

It is news and sentiment driven.

Difference between "ncyt are confident .." type phrases and " very weak".

Good sign.

We will also get more product updates for sure

Looking at the filing documents...the thing that stood out for me is that (as i read it) that the gov amended their claim on 6/12/22 - not sure how common that is ? one would have thought they had plenty of time to get it right in the first place?

seems to have been in response to an order after ncyt submitted their defence and counter claim

today we learned that they are trying to get a judgement on one particular point.

which ncyt say has a very weak argument - must be to put it in an RNS

I wonder if the gov will decide on pursuit of the rest of the case in light of that decision - if it should go ncyt way?

Any thoughts ?

Well the MMs put a massive spread - so not surprised momentum was killed ...for the moment

Warren...I doubt it has been settled and leaked ..it seems to have been under a pretty tight NDA.

April may...would have been my guess at a settlement all along....it is a game of chicken...so we we are close or close to the court date.

There will be some froth in the market leading up to it.

And now is defo the time to get in if you want to speculate

Thing is saint..cash would underpin the sp to a certain extent.

I would go as already said...but any dip in sp would being others who would look at value more on cash held.

Maybe not frustrated with the company so much or not aware of the last two years of non progress.

Overdraft was removed before cash from colin came. so it was super important at the time we were discussing it.

as the survival of the company was a huge question mark

All in RNS - which you said you dont have to save as always easily available....just read them...might do you good

Agreed Harchris - if it were a rise of 50% in a day fueled by a rumour on twitter etc...then possibly

The last thing we want is a speeding ticket ..ffs

be careful what you wish for.

imho it is just market dynamics - correction on an over sell...new tax year....and people positioning themselves for the court case or possible settlement.

do you really want the company to come out and say "we know no reason?"

Interesting - why would they have been restricted in what r&d news they could release?

if they win and the sp rockets due to cash - then it should stay there for a bit. however they need to start generating more profits.

would they have been planning for ygen so far ahead? or was it an opportunity that evolved quite rapidly from LR cash mismanagement?

i agree they dont care about share price or shareholders...lets face it we are just an inconvenience for them

The overdraft being removed was a big deal because banks dont lend to those who need it to survive and cant pay back....this showed the company was running on fumes before their good mate colin bailed them out

"When did they confirm loss making year?"

read RNS

Overdraft was removed as some of us discussed on here - as it turns out shortly after they didnt need it as they got cash from their old mate Colin (lol)....which was good news

Gizmo - can you elaborate on what you are hinting?

I am interested on your take

Jeez....still trying to "talk" to someone who doesnt want to talk to you? desperate kate?

captain this captain that

CHECK THE RNS - it is in there. £1m+

which is the beginning of a 7 figure.

of course you deceive by trying to insinuate it is up to the highest figure

If they are vigorously pursuing - why do we hear nothing for months and months? what exactly are they doing?

surely they would have started court proceedings if they strongly believed they had a case?

sounds very similar to the company saying " busy busy" " big things coming" like they did with all the covid work ?

i look forward to seeing the progress in 15 months since they released the RNS on us "expansion update"

and how it has translated into increase sales - not jam tomorrow

just remember the company have already confirmed their loss making year - and that things were as forecast. doesnt sound like there have been major new sales added?

cash burn leaving £3.8m as forecast

"So Captain criticises that I didn't reply soon enough, "

No tbh actually I would prefer you did not keep trying to drag me into a conversation.

You always do safe in the knowledge that 99% I don't respond . When I do..you easily disappear and when you return change the subject cos you never have an answer.

So still no apology for getting it very wrong in the usa contract of £50k ?

I am sure the company is sick of you ..

Like your local police...solicitor and LSE

When you call they are probably rolling their eyes..

Agree with john

some would say their reputation was only due to gov....

what have they tried to achieve since? what was the plan?

Lol...i am with Ted on this!

great to see some traction