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Avacta aren't being sued though and have ava6000 going through p1 trial, so far exceeding expectations, and could be a game changer for some types of cancer. They also have a couple of commercial partners with potential to bring in millions, and other drugs in the pipeline, and own the ipr to affimers which are gaining attention.
Nova board are more interested in trying to get pay rises and figure out how to pocket as much of that £100m as possible. As soon as dispute settled, I'm outta here.
They didn't give a **** when GM was in charge (and he publicly stated that 'shareholders are not his priority'), that was when the SP was on the rise so we ignored that comment. Dave has taken that the next level, BOD see the £100m bank balance and are trying to work out the best way to get that in to their pockets rather than acquisitions. Id rather the DHSC win court case than the board steal it as bonuses or higher salaries.
No doubt this post will be removed too as per my other ncyt posts that don't scream '£50 SP by Xmas!'
Think they mean they aren't allowed to advertise on cbeebies. Huge potential untapped market.
If nova were confident they'd win the dispute, they'd have spent a good chunk of the £100m on acquisitions already. The fact they're not touching it, haven't even mentioned potential targets, have gone quiet and keeping shareholders remote tells me theyre not exactly confident they'll succeed. In fact, wouldn't surprise me if privately they've been told its likely dispute will go against them given the shenanigans that have gone on, and the deceit to attain approval.
I'm in too deep to bail out now, no chance of my £4.50 average ever being seen again, all about damage limitation and hoping someone comes in with a £2+ offer.
3 weeks to flatten the curve....
I don't think anyone here has died from it otherwise the BBC would have added a sensational monkey pox section, somewhere between 'ukraine', 'covid' and'climate change', and then dropped the texas shootings to a minor story
I think they mistyped on the order form and thought they were buying omega healthcare.
I joked back when sp had crashed to 18p they should do a placing at 10p just to get some value.
No point selling now, interactive investor trading fee is nearly as much as my shares are worth. Shame, was hoping to buy a nice steak and a bottle of 1986 chateaux De colinking with the proceeds, might have to settle for a bacon sarnie and a can of skol.
Nova might end up with even less cash than ODX if DHSC wins the dispute and their counter case. Hence mcap being equal to their cash in the bank, there's a good chance dhsc will win a huge chunk of that back. If nova are left with £20m I'll count that as a win.
Agree, and its why Nova haven't been splashing the cash on acquisitions or rapidly expanding R&D- they don't know if the cash is 'safe' yet. Even more annoying is the fact the contract nova signed doesn't allow them to apply interest or penalties to late payments from DHSC, so theres no urgency for either side, but DHSC in particular, to resolve. GM really fooked things up.
Awful week, dispute resolution could be 12 months plus if going through courts, many of us hoping for a good outcome so we can sell out at a minimal loss, DHSC seem confident enough to serve nova papers which doesn't bode well.
What an absolute s*** show. Traders will love this share for the rest of 22, almost certain we'll see all time lows from last 12 months beaten.
Yeah, all this time we thought it was the govt and dhsc being incompetent and fraudulent in not choosing UK tests, none of us ever considered the true reason to be ours was shoite and not even as good as innovas in real world use. Anyone can fudge a lab result, look at novacyt.
Anyway, its done, lft is hopefully over, move on. Incompetence from management has been staggering over the last 2 years, and has made Ava not quite the shoe in I'm hoping it was, but even Al can't fook up bams, elisa, ce submission, saliva test, LFT and AVA.
True, but nova are in the diagnostics area, not the far riskier drug development.
Ukraine situation has pretty much rendered valuations meaningless anywhere right now, who knows what the situation could be a week from now, let alone a year.
I've put a chunk in yesterday, just before the 30% fall. However my thinking is this,
Peace deal reached/putin toppled, SP shoots back up, shorters lose, we make some money
Or
Putin goes nuclear, SP goes to zero but shorters still lose as money becomes worthless as the World ends
In short, at this price we either make some money or we all die. Said to a mate, its like that scheme in Armageddon where Steve Buscemi goes to that loan shark.