Member Info for JBongo

Finally got our trading update... with no numbers. Doesn't sound great for the wellness tests if they're not telling us how many they've sold (and using words like "challenging"

Looking at the boots site the covid tests are still selling well. The 25 pack test is sold out currently.

https://www.boots.com/health-pharmacy/covid-19-information-products-and-testing/covid-test-kits

Phew. My buy went through before the bump today! Good news on the way tomorrow hopefully.

I imagine most companies are full of employees who think their managers are useless. There are a lot of poor managers out there, but I doubt Nano is worse than anywhere else to work.

Plus only the most annoyed employees will go leaving reviews. I've been happy at my job for a long time, I've never thought to leave a review about it anywhere...

Interesting that they have mentioned Eric Achtmann in the RNS and invited him to apply for the non exec director role that is going.

H pylori tests out of stock on Boots. Must be selling well. I think it'll be a decent update when we do get it, with surprisingly high covid revenue and solid sales of the wellness tests (possibly very good sales if they're selling well in the stores).

I've bought a few more shares at this price. Kicked myself last time they were sub 1p for not buying more.

I've made my votes. Against the majority od resolutions, but abstained on the BT and Chris Richards votes. I think they've been quite arrogant in the answering of the questions related to the settlement and couldn't bring myself to vote in their favour.

However I thought the new board was just too big a risk. It might be way better... Might be way worse. I'll stick with the current devils for now!

Certainly sounds possible based on their recent RNS Altus1 https://www.lse.co.uk/rns/EKF/directorate-change-qudrwa8f3rtkdvm.html

Thanks for the link qdnano. I'll have a watch this evening and then get my votes in.

Did the Hamoodi lot say if their meeting from yesterday would be posted somewhere for us to view? I would like to see it before I cast my votes.

I'm guessing the CFO has just got another job somewhere else. Probably for more money.

Really looking forward to another day of the same old guff being posted repeatedly on here (by both 'sides'). It really is riveting and informative...

The Amber RNS was a month ago. I made the same mistake when looking at the RNS list today!

Hypothetically, what would happen if the current board got voted out, but the proposed board were also rejected by shareholders.

How would the company go about finding/appointing new directors?

Are we able to submit questions for tomorrow's meeting in advance?

I won't be able to make it, so hopefully there's a recording uploaded to the transforming nanoco website afterwards.

It's going to be like the brexit debate this isn't it? Constant mud slinging and arguments. At least this will only take a month.

After reading the circular, I'm leaning towards voting against the resolutions. Seems like the lowest risk option. However I will wait until I've seen both investor calls (and asked my questions) before I make my mind up.

Good point smudge. So you would imagine £6 profit per test at least for the new tests if the LFTs coat around the same as the covid ones.

I would guess the margins will be similar to the covid LFTs. We have to provide pretty much the same equipment in the box. Don't know if we ever found the % profit margin on those though?

Once they signed a deal the backers weren't at much risk, but up until that point they definitely were. They deserve compensation for taking the risks on initially and fronting the money.

People have been saying the covid revenue will have fallen off dramatically for the last couple of years, yet it still surprises each earnings with how much we've made from it.

Looking at the boots covid page. They have sold 38 of the 5xlft kits in the last 24 hours and 6 of the 25xlft kits. These things are still selling.