Member Info for Hemo

Terrible news on 2 fronts. Lyn is a proven failure and destroyer of value. And why on earth does it take so long to integrate YGEN accounts. This should have been done months ago. They’re tiny companies. A black mark for the new CFO.

Yes GLTrader’s projections are worth their weight in hot air.

No update on the litigation other than £0.6m spend?

What is the definition of ‘shortly’?

No scheduled for 7 September

Not done and dusted until the court sanctions the scheme. Another offer could still appear but admittedly it’s unlikely.

Why the small rise today? Another bid incoming? 🤣🤣🤣 or just acceptance 0.522p is the final price?

10% would be a waste of time frankly.

What makes you think that given the court and general meetings are 3 weeks away?!! Any later and it would be too late…

Just glanced at the scheme document.

Our fees relating to the acquisition are an eye watering £2m.

So without another bidder this deal has to go through because we are literally toast without it.

I will vote for it on that basis but hope for another bidder but that seems very unlikely now.

I indicated my support for Andyken sometime ago but unless more holders come forward that will not be workable.

I disagree - cash burn is c£400k per month excluding the loan repayment so it has reduced slightly - we have about 4.5 months of cash left and $1m to come from the Taiwan disposal so c.7 months including that.

The problem is a payment to the Coastal Genomics sellers is due in September so we probably could last until the end of October unless we defer the CG payment.

I am still going to vote against the deal out of sheer bloody mindedness and nothing more to lose - if we had competent, honest management there is a way out of this without underselling to NCYT.

And I’m also joining Andyken’s crusade

Why are holders selling 10% below the share price?

They must think it won’t happen or simply want to move on.

I’m holding and voting against in the hope we remain independent or a better bid emerges.

I notice they have accepted a scheme of arrangement that needs only 75% approval rather than 90% under a takeover. Shenanigans to the end. They must be worried it won’t pass.

How do we know Chang owns INEX by the way?

I considered buying NCYT today until I read that useless, lying, amoral scumbag LR was being retained.

I mean it’s almost funny to think someone who has destroyed so much value in the target could keep their job in the bidder.

Caveat emptor NCYT shareholders, this guy is a moron.

They need to pump up the share price before we contemplate a sale.

Just pump out some commercial news - there must be some - and convince us the cash won’t run out.

Or maybe the cash will run out…

Doh! I should go on the board and add one more useless, stupid person to the mix!

And why does their announcement say they will pay up to $5.4m when ours says $4m?!!

Can’t YGEN get the figures right and align communication on the transaction?

Read the announcement and weep…it seems Taiwan was sold far too cheap!

And why was the deal so disappointing?

It was $4m as you expected Twix

But the structure of the deal in terms of timing and uncertainty is underwhelming. But even more importantly it doesn’t solve our funding problem so what is the plan now BOD to address that?

Sounds good - do you know how to set up?