Member Info for HarChris

Perhaps if we've learnt anything over the last eighteen months it's that it's extremely hard for small diagnostics to compete with the major players. How many others have managed to land any deals at all? We went through the worst pandemic in 100 years and yet Omega made a loss in 2020, yourgene made a loss, avacta made a loss, genedrive made a loss. Not only did we turn a huge profit ncyt acted quick enough and scaled up in such a way that they did it without raising a single penny - extraordinary for a company starting 2020 with £1.5m of cash!

They'll be working flat out to ensure they don't waste the advantage they now have over all these cashless competitors. There's an enormous opportunity here still despite all the doom and gloom of this bb and the depressing lack of shareholder interest at the mo.

Take some personal responsibility ffs. On the 14th September you were informed of the IPO, the share price was 145p.
On the 23rd September the price of the IPO was announced, the share price traded as high as 160p intraday.

You were also aware that there was a closed period following the listing so you were on your own until sometime in early November. All shareholders knew this, there was nothing underhand from Peter Wall. Just because you didn't sell and the share price hasn't played ball you are finding someone to blame.

Peter is not in control of the share price at the best of times but especially so during a closed period. He runs the company, all information is out there and it is up to you whether to buy, hold, or sell.

Maybe next time you think someone has shafted you put your money where your mouth is straight away and sell rather than moaning after the fact.

@bluelight yeah the share price fell below 250p probably twenty times or more this month , each and every time popping back up and eventually breaking out to the upside. I imagine it'll do the same over the next week or so if no news.

HillSeeker I completely agree with you about the management's focus being on growing the company and selling products and not the share price. The situation we are in is absolutely unprecedented, I would imagine it's rarely ever occurred to an AIM company. The route from £10m market cap to £b company is a long arduous road that requires placings and financing every step of the way, continuously. This forces any BOD to be actively engaging shareholders and institutions as this is absolute necessary for growth, with each step change in share price more money can be raised and more elaborate projects and expansion can be taken on.

We are sat here still in the midst of the pandemic with £77m+ unused cash - of course the management team aren't going to be around the table saying 'our poor private investors are seeing paper losses accruing, we must act immediately to prevent this' - instead they are going to working flat out to land big deals for the winter ahead. It's a cliche but the share price will eventually catch up as long as the they make the right moves over the next three, six, twelve, eighteen months.

I am starting to think we deserve something from the new CEO however, an hello, a welcome, just something that says 'all is well'. That really shouldn't be too much to ask.

Good luck with your trade bunsenburner but try not to spam the board just because you've bought in for five minutes. There are some excellent posters on here like larry below posting very useful new information and we don't want it lost amongst posts of you telling us about potential 20% gains.

Thanks

What is this supposed rule about offering no lower than the highest traded price in the past 12 months? Surely if that were the case they'd wait a bit longer, til say April 2023, as then they wouldn't have to pay any higher than 525p???

Nobody is buying us for a near 5 times premium when we can't even get an II to buy a decent chunk of shares!

Of course there's going to be a high percentage of leveraged longs with all the hype that was going on around the all time high and this whole $100k BTC by December rhetoric.

The *very* short term prospects don't look that good but seeing as we are sitting at such a stupid share price I doubt we are going to see much selling - give it a few weeks and the dust will have settled on these CLNs, V should have continued to rise and we will be highly anticipating BE news if we haven't already had some...

The majority of us can see past the end of our nose.

I still strongly believe that during this pandemic 'supporting the share price' shouldn't need to be a priority. Covid has turned this minnow of a diagnostics company into a potential leading international one and that has everything to do with the moves and money they are making. The next twelve to eighteen months will be critical in making that step from 'covid stock' to diagnostics midcap and if they get it right there will be no issue attracting institutional investment.

They really do need to get it right going forward but in this transitional period perhaps their biggest concern is now how much institutional support they have?

Larry don't forget Dunc's changed his tune today, he now says they are buying back shares instead.

I'm very happy with the new revelations.

Many of us on here have answered this question of yours SO many times WBAFC - you don't seem to be taking it in.

As things stand the last thing we need to worry about is a placing, they aren't even investing what they currently have let alone raising more! Hypothetically it is possible, especially if we got a shock and we lost the dispute resolution which wiped out most of the cash pile but the odds of that happening are low.

3 in Argo? Your average is 233p!

Let's not forget your online blockchain shilling at 80p, another 50% loss there.

I echo that re Crl123, he has a good heart and wears it on his sleeve.

+ Steve's post is the most important today.

You throw your bullish charts out just as excitement is spreading on the bb. So many times that will have led to the uninformed jumping in immediately and being on bigger losses than they were already. I simply don't appreciate the timing of your charts.

As recently as October 3rd you had 1915p as your target. I am sure your charts can help you trade but the targets you are putting out there are totally meaningless and unhelpful to anybody on here.

You probably think my average is something like £5 sonic? In fact it's actually very low. I don't day trade but I do sit out for long periods and only post here when I am in and believe the share price is due a massive correction. That time is now - new ownership, covid cases rising, bleak winter ahead, market cap below £200m, sentiment at all time low (hence oversold) etc etc

I don't know how you can be smug when you came on here Monday morning with the share price at 288p acting all confident and putting out targets of 847p and 1481p and acting like you've called it right when 30 hours later the share price is at a year low! Are you trying to say you sold at £2.93 then and just came on here to trick everyone else?!

There are those that take their cues from business developments and there are those that take them from the share price - fortunately we still have many on here that are willing and able to defend their investment choice even when the share price says otherwise.

It's much easier and lazier to take your cues from a dwindling share price.

I personally think I have to take a break myself as I'm struggling with reading some of the comments on here. I know it's mighty frustrating seeing the share price fall but some of the hyperbole we've seen today is simply deluded. Comments such as 'David Allmond must act NOW' 'time is running out!' . I can't get my head around what on earth they mean. Are we about to go bankrupt? Do we have creditors knocking on our door? Have our tests been deemed useless? Was this all just a big ponzi?

I am pretty sure the new CEO won't be feeling that way at all. He sees a company that has grown enormously thanks to covid, has a massive windfall of cash and has seen its share price rise from about 10p to 250p. Of course he will be aware that the share price has been highly volatile and is significantly down from the peaks of 2020 but that isn't his problem, spikes occur on AIM and there are always going to be losers. He will also understand that there is a disconnect between the fundamentals and the SP but he won't feel that needs addressing on day one...

I imagine he's now settling in and trying to get on top of all the work that needs to be done. The DHSC dispute will be a priority, navigating this bleak winter and getting winterplex tests selling will be another and so will getting to grips with building a sustainable company that does not rely on covid revenue - if Graham was pushed I'm sure the rest of the board will be feeling the same way as us.

It seems the anger with Graham is spilling over and the new man who's only been here a week is being expected to correct it all overnight. Give the guy a chance!

I do hope we never hear the term 'bullish gartley' ever again though!