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Those YGEN bill paying Govt. contracts run till March.
Does that mean in two weeks time YGEN run out of money and have no real cash flow?
Does that mean another placing is on the way?
Maybe someone more knowledgable knows how much cash they have in the bank and what their burn rate is.
Maybe the market is looking for that ever elusive almost nearly there word..Profit...
How can a company afford share buybacks or dividends without making a profit?
Barry knows the score and he only bought a paltry five thousand pounds worth of YGEN shares.
That says a lot. He shoulda kept his money in his pocket imo.
Lynn rapidly ramped up employee count to cater for Covid revenue. Now that has dwindled how can he afford to pay these employees?
A 'posts:1' user...
Roger Cook dressed up as the caped crusader posted the name ,address and current/previous family company directorships of one of the board members here.
Clearly not twaddle as is demonstrated by the very recent 25% mcap loss.
Hope it's not a Placing at 8p.
If you think the share price decline is due to what people post here you are deluded.
People posting here are merely thinking the same as those that are presently selling.
it's been an issue that has eroded trust.
Declining Clairgene sales and the govt sequencing contract finishing in march 2022 mean people are rightly worried and selling.
I wonder when the loan covenant will be breached due to declining govt contracts and pcr testing?
What is gonna fund the business then?
Ooooh a fundraise.
I've looked and can't see them on the list bakky.
I agree it is deplorable that such questions should go unanswered for so long. Many PR companies dont even seem to pass the messages on.
Not very professional at all.
Maybe Lyn isn't that bothered as he's onto his next caper.
If only they could decide exactly what they wanted to concentrate on...
Is there an omnibus edition?
I think the stock price going down is to do with worried investors/traders derisking and moving to cash along with MMs decreased appetite for YGEN shares.
This share obviously has a lot of potential but can current business fund the Canada expansion?
Maybe govt. work is slowing. Are they still selling Clarigene?
Maybe they will need a fundraise to help them with Canada.
Meanwhile, meglamaniac Putin is boxing himself into a corner.
It's all very well saying it's a buying opp. But what's the use if there's no selling opp and you all are consistently bad mouthing the company lol.
This share showed some great chart signals around 12p but alas any sustained rise failed to materialize.
Since then 90% volume albeit pitifully small has been sells.
GL
2% GLTader?
At what price if you dont mind me asking?
Can't wait for the response.
Better than Emmerdale
Must be Lyn Rees
Someone's finally bought some.
I'm out! GL all. Took a few hundred quid loss but got some laughs from the insane rantings here.
Hope the new bank roll and covid testing is enough to fund the expansion in North America and huge employee count.
Thank **** for SINGER eh? They're hoovering up the sells.
It puts them in a much better position to start to take advantage of the global non-invasive Prenatal Testing market don't you think?
£1.6Million a year for three years will help them take off in Canada i am sure.
Global NIPT is projected to grow from $4.11 billion in 2021 to $13.16 billion in 2028 at a CAGR of 18.1%
I'll say it again. Well done Lyn Rees.
Things starting to look rather nice here.
Nice £5m acquired without diluting shareholders.
YGEN opening up Canada facility today, 4x previous facility's size.
Well done to all at YGEN.