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Suing a Chinese company with the courts held in China mean the DHSC have two chances: no chance and eff all. Chinese far too clever. At least with novacyt , you can see they have a **** ton in cash and £185m in total assets so with a good legal team in the UK , anything is possible
And the DHSC can't fiddle the accounts and just put its department in administration like DDDD. Lol. They don't have anywhere to hide so it's understandable they need a narrative to countersue to give them any kind of chance . Imo the best course of action is to settle now for a lower amount and award ncyt a 5-6year contract
The BC deal wasn't even mentioned on their announcements as they prob have hundreds of collaborators. I can also confirm the Divoc deal was also a sham and was basically a pump and dump. Some guy on here in my DMs alerted me to this fact on the Divoc deal and mailed me a stack of evidence , whoever he was , thanks
What happened to technic and big bench? What happened to Dr Kanav and Divoc too? That was clearly a lie . Also when is the next placing here ? Soon I guess, lol
The DHSC over ordered and didn't wanna pay up and now wanna say most of the tests were defective as an excuse. The group in charge of purchasing are in deep water and have a everything to lose hence why they came up with this excuse. the contracts were signed in black and white , all tests CE approved etc , so according to law the DHSC are gonna have to pay up
Isn't Duncan that Geordie guy who went on every share interview channel to pump dddd up for various placings? I think I made like quick 50% gain and profit . I think COVID was such a great cash grab dddd and GDR exploited it. Ncyt are basically the only UK listed company which didn't need a placing and know how to a run a business during a pandemic more than most
£30m placings in 2020 were genius cash grab , especially then using the COVID narrative
Court case is NOT a 50-50. Lol
As we saw with ABDX , they were owed £6.7 m from the DHSC and subsequently they settled for £8.9m out of court. Ncyt and a few others are under the exact same circumstances and the DHSC have no merit.
I would say the chances of NCYT getting £90m are 50-50. They will prob settle for £60-70m out of court. The court case is a slam dunk win.
£184m in total assets incl £102 m cash. Another £60-90m from Dhsc incoming. COVID revenues about to explore in winter. Monkeypox revenues starting to explode as from now
Rn we should be valued at 300s tbh. We have £102 m cash and £100 m in assets . Wimbledon getting high profile players pulling out because of COVID and moneybox on the up, clown companies like GDR, Deepverge and DDDD not delivering zero and gobbling up all the placing money for greedy needs...ncyt is the only choice rn
A win for ncyt should see this up 100% .this would mean Cash balances near £170-180m. With additional assets of £100m, safe to safe this is cheap
Chances of NCYT winning against the DHSC is 100%. We all know this
Chances of NCYT getting the full £90m is unlikely . More like £60-70m
Chances of the case being drawn out longer and longer are high
Chances of getting huge contracts from the DHSC is zero in the future once this win occurs.
Dhsc have too many similar disputes against them . Ncyt talk a load of lies most of the time but they might have a case here
£100m per annum is what they are targeting for the next 5 years according to prior RNS. Not just exclusively for COVID. Still dirt cheap tbh. Tbh, court case is like Depp Vs heard, where Depp was demanding $50m and Heard was demanding $100m. Novacyt are likely to win but will prob only receive half to two thirds of the £90m they are demanding.
I disagree , I think this will get taken over after the court case. £102 m cash with bank interest at around 3% and net profits averaging £10m per annum on £100m turnover
but more importantly with £100m in additional assets means a probable £4-5 takeover on the cheap.
Dhsc has many litigations against them similar to companies like ncyt claiming and are up against it tbh. Will be interesting how the bidding war unfolds
Sold this TB crap for a nice tidy profit a while back . Yr not meant to hold these types of companies long as most of the news they put out is b.s. you just gotta ride the waves and play the pump and dump game
Reminiscing of the old days here, when we were pumping and dumping BRH like OGs .
Some things haven't changed :
- No test, because there won't be one ever lol
- King Trev still isn't dead yet
- More cash grab by way of placing has been happening even though we made a **** ton from the ****ty mask share dump returned to us by way of dividend. Lol
No test from brh since covid started . No surprises , what excuses was given ? Lol
The current cash and asset value is at £3 already lol. Excluding the £40m the government owes us and probable £20m net profit per annum in the future....what is a fair value ....most likely a £5-6 takeover with the next 2-3 months I should say
I'm just hoping the takeover offer isn't too low