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Indeed thanks to Les for his ongoing work.
I do find it staggering that one person can hold a whole company to ransom, putting jobs at risk and costing many people to lose money. All for what appears to be greed and self profit.
I am sorry if I am negative, just with only 4 weeks left give or take to sort this, time is not on our side.
I can not sit and watch another investment be run into the ground. As a group of shareholders, we must have some weight to be able to mediate and get a resolution. Feels like banging your head off a wall at times. I know Les is doing all he can, and I am very grateful for this, without this group I would have had no chance at some sort of resolution.
By chance just heard Bill Gates on CNN. Talking about how testing is not talked about as much as vaccines but it is crucial and he sees testing ramping up and improving by the end of the year, vaccine not until mid next year.
Morning All ,MrLolol, my thoughts exactly. Suits the debt holders well to keep this in suspension, they are building up a nice free amount of cash from interest, while the gold price goes up. So any increase in gold prices, is offset by any COVID issues and interest on the debts. A win win for them.
I googled to work out the meaning
I found it clicking on the charge code on the companies house page and then the 14 page pdf. To see the full charge details. I understand it now that in 2017 they took a stock pledge agreement which has now been paid I assume with the £7 million. That’s what I understood anyway. Sorry if I get t wrong still learning the ropes.
Excuse my ignorance. At the end of the companies house document it says: caused this stock pledge agreement. What does that mean? Thanks
Morning. I can't lie this is starting to hurt. Circumstances changed a lot. My wife is stuck in Russia, and I am in Thailand where we live. It is costing an arm and a leg to not just live but try and be reunited. Liquidity is a real issue for people these days, having funds tied up is not great. I really hope and pray something happens soon, so we can all get on with our lives.
Agree, the majority have a lot to loss. It will soon be the end of Q2. This will give us some good insight into production with all the COVID issues, price of gold up will be beneficial though. The other side, is that, if production is ticking along, the majority can keep this dragging on, and make nice money from the interest repayments.
Paris, France and Camberley, UK - 18 June 2020 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces the launch of three new products to support laboratories testing for COVID-19. These are Exsig™ Direct and Exsig™ Mag, two RNA extraction kits for use prior to running a polymerase chain reaction (PCR) test for COVID-19, and COVID-HT, a high-throughput test for COVID-19.
Exsig™ Direct and Exsig™ Mag
In addition to supporting laboratories through the supply of its COVID-19 test, Novacyt has developed two RNA extraction kits, Exsig™ Direct and Exsig™ Mag, to help address the current reported global shortfall in extraction reagents required to perform PCR testing. The extraction of RNA is a key pre-analytical step in COVID-19 testing and must be performed before running the PCR test on the RNA extract. The two kits can be used with all open instrument platforms for running a PCR test and offer customers different benefits; Exsig™ Direct provides significant workflow improvements whilst Exsig™ Mag offers enhanced sensitivity of the Company's COVID-19 test.
Exsig™ Direct is an innovative direct-to-PCR extraction kit which removes the need for complex, automated magnetic bead extraction systems. It is designed to be used with the Company's COVID-19 test and is expected to significantly improve laboratory workflow, reduce cycle times, increase throughput by up to 50% and reduce costs. It uses a combination of optimised buffers to extract COVID-19 RNA from clinical samples. These buffers have been specifically designed and clinically tested to ensure the high level of testing performance of the Company's COVID-19 test is maintained. Novacyt also plans to optimise the use of this new extraction method in future PCR tests to be developed and launched by the Company.
Exsig™ Mag is a new extraction kit designed to run on multiple automated magnetic bead extraction systems commonly used by clinical laboratories around the world. Exsig™ Mag has been developed to enhance extraction of COVID-19 RNA from clinical samples and, when used in combination with the Company's COVID-19 test, offers ultra-sensitive detection of COVID-19. Exsig™ Mag can also be used in combination with other COVID-19 PCR tests.
COVID-HT test
COVID-HT is a new test for COVID-19 optimised for use in laboratories performing high volumes of tests. The CE Mark test has been designed and validated to perform at the same high levels of specificity and sensitivity as the Company's existing COVID-19 test.
COVID-HT uses the Company's proprietary master mix which, unlike the standard COVID-19 kit, requires no premixing, and the test components are packaged to facilitate a more streamlined workflow in a highly automated laboratory setting. As a result, COVID-HT is expected to improve operational efficiency and save time and labour associated with handling and preparing the test for use.
Ex
Thanks to Les for the update and the continued support. These updates are invaluable, and I learn new things from them, which is appreciated. Some interesting comments and thoughts going forward. I feel a little more optimistic that we minority shareholders may have some say in the final way forward. The one thing I urge and fully support is that people feed all comments and views through the action group. Sending emails to company one by one will not help, in my opinion, a joined up approach will be more effective. Staying positive!
Morning all. Well another month. Hopefully something this month. As COVID drags on and works dries up, some people really need access to cash. Hoping this is resolved one way or another soon. Thanks Les for your continuing efforts.
Share.com showing price of 1.49 estimated to buy
Hi PDMSPiper. Can you share your research? That sounds a complete no go in my opinion, splitting passengers, and nowhere have I seen this even talked about. How would it even work? Ensuring they are separate from check in to boarding?! Also Heathrow is not the worlds busiest airport, it is number 7 in the world.
Indeed, great detailed work, and it sets out the options very clearly. Regardless of the outcome, I am grateful for all the support here. Given they could get a great gold mince for a minimal sum by buying us out, it would be a good outcome. Of course the best outcome would to be still listed and refinanced. Lets see what the future bring.