Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If folk care to remember, the DHSC recently sent auditors into ABDX. This is perhaps more relevent to the dispute and the issue may be found in any agreed margin perhaps. If it were a product issue, I can't see the connection with auditors.
I don't post often but can I suggest that no one is going to bid for the company until the dispute with the DHSC is resolved. Period! Some posters have made comments that the low SP will allow for a cheap TO. There is far too much risk in the dispute and a purchaser would probably wait for the product range expansion and stateside progress/news. I guess those here who have been involved directly with TO's, may agree.
Errrrrr Bluelight. There is no chance whatsoever of a takeover bid for NCYT whist the DHSC dispute is unresolved. More chance of a turkey voting for Christmas! Further, buying back our own shares whilst this dispute is unsettled is also impractical, while even following a positive dispute outcome, it is not perhaps a sensible use of company money at this stage of NCYT's development. NCYT will need to diversify into non covid related areas of diagnostics in order to create future value and work toward mid cap status. The dispute resolution is the 'holy grail'. Period!
Porky9.
While I still believe that you are some how sponsored to promote this share, you do a grand job and more often than not you make a lot of sense. (£54 excluded) Your comments on long Covid and its long term ability to mutate and infect globally are spot on imo. Your comments re GM are helpful too. I also agree that Graham has done an extremely good job, though he had stumbled somewhat over the past 6 months as the company grew rapidly and has outgrown his commercial skills. It happens to us all and as I suggested a few days ago, happened to me a few years ago following leading a successful main market IPO. His retirement, I believe, was pre planned and most certainly his own decision. He is smart enough to realise that we needed a more commercial leader. Nothing wrong with that.
Keep up the good work. Your research is refreshing and saves many investors time. Please keep adding shares....
Saintsmith. You are a typical after the event 'I told you so' kinda guy. The only thing that you know is coming is winter & Christmas. The update cancellation was agreed pretty late in the week perhaps as a result of agreeing terms with David and believing that information was more valuable to SH's. If you are nice to me, I may share future dates with you though I do wish I had the time like you to spend hours here on this bb each day guessing when the next news will drop, however my time is extremely valuable.
Was the need to announce a change in CEO more important than providing an additional months revenue? Of course it was. Knowledgable investors will know that we needed a new CEO to take us to the next level. Energy, motivation, a mid cap skillset and global relationships are what NCYT needed to progress onwards from here. After 13 years of leadership Graham needed to pass the baton. I did it myself a few years ago. Smart move which will benefit us all. Perhaps the reason for the dispute with the DHSC was the realisation that we needed a different captain on the bridge.
Saintsmith... no need to simply repeat what other posters noted here. We were advised that there would be an update and then we were further informed that there would now not be an update. Simple eh!! Obviously you were not informed, and perhaps you are a tad upset. No need to be childish or jealous!
Sir D. Good news because while GM has done a wonderful job to date, we all have limits (energy and skill sets) and ambitions. After 13 years and financial security, now is a good time to retire. Ii's sometimes require management changes prior to investing, especially on the journey from small to mid cap. The DHSC dispute (how we got there) is perhaps an indication of swimming in too deep a water). David looks like a good choice to deliver a well planned future strategy. Like I suggested...good news. More to follow.
brookr: Some sensible advice. Don't buy, sell or even hold a share based on information, advice or projections posted on bb's. Much of the opinions and data offered are pure speculation, personal beliefs or indeed, pure fantasy! Many people posting here are sponsored to post either positive or negative info. There is of course some useful data provided by some posters, however you need to ensure they are factual, so read and check the data yourself. If you rely on a bb's to lead your investment decisions, you should think twice about trading shares. Better to study & research the industry sector, identify the company's competitive advantage, assess the management, read published accounts and keep up to date with RNS info. This approach should drive your investment decisions.
Hillseeker. I often despair reading this bb, both those with an overly positive slant and those with ill thought out negative views. However, your post is one of the best I have read in a while. I agree with your views and could not have stated same in a more compelling manner. Thank you for making a simple, extremely easy to comprehend view that will help investors who are inexperienced, naive and nervous. A big well done!
Interesting
https://www.parliamentlive.tv/Event/Index/09c4fb83-c2b4-47e8-85d5-0b72dba71736
TWatcher. Yes, 100% correct. The hurdle to negotiate re 'home testing'?is all about sample collection. The error factor of the Innova test and others is the way in which the sample is collected. I have, over the past month or so taken part in several tests globally, due to international travel, both PCR and lft. The nasel swab and deep throat (tonsills)? swab is inappropriate. Try it. Because it is both difficult and uncomfortable, people will not swab deep enough or for the required duration. Therefore the sample will not be adequate, leading to false results. Thus, its not really a cassette/ assay issue. Its a sample collection issue.
The winner will perhaps be the saliva sample test. Easy, simple, safe.
Visitect could indeed look to change the sample method but still make tests for Mologic.
Computer. Yes, you have missed a few points and, all the positive ones at that. You are obviously not a fan of ODX so I cannot understand why you waste your time here on a daily basis. People switch off from repetitive blurb, though I 'm not sure you fully understand that.
The change of Chairman and CFO are significant. Very!!!! I think it indicates what is about to happen. Yes, I'?m happy to agree that the ODX past has not at all been dynamic and perhaps was run simiar to a 'mom n pop'? business for a number of years. However, the future is about to be quite different.
A new CFO in order to handle a huge uplift in revenue and future financial planning.
Robust financial investment in infrastructure and personnel in order to upscale lft production.
Reasonable and 'relative' ?investment in R&D.
Good cash position. Reasonable sales revenue given pandemic and the switch of focus from their global customers in terms of their health priorities.
Utilising gov't equipment and funds in order to provide a 'standby'? service and grow infrastructure at gov't cost. Smart move.
Not ODX fault re DHSC\partner delays. News within todays RNS that the DHSC have introduced ODX to a test with both professional and home use authorisation is significant. Very!!!!!
It's been a frustrating few months but there is now a glowing light at the end of the tunnel.
DYOR
Shelley. I know that you are not Mr King's number one fan and that your are obviously extremely emotional re ODX. Let me remind you, Colin was correct in authorising the Tesla tweet. Certain posters here were incorrectly stating that the contract had commenced that afternoon. I was one of only a few holders that suggested that the contract had indeed not commenced. I was shot down in flames? here on Tesla Friday. Benny Hill &? Sledgley were just two of the culprits. We all discovered afterwards that the contract had not commenced and Colin needed to ensure that the majority of investors were not being led up the garden path by the silly posts that appeared here. May I suggest that you take a break, a vacation or take up a new hobby or interest. In the meantime lets all sit tight and wait. Its the waiting thats the most difficult part of 'investing'.
An informative article. Sums up the argument in brief terms. Well balanced. I kinda think its better that a third wave peak now in summer rather than the winter. Interesting!
https://theconversation.com/living-with-covid-is-now-the-right-time-for-england-to-lift-all-restrictions-164022