Member Info for Kaeren

Indeed. I heard he takes a bite out of all doughnuts in each box of Krispy Kremes. Must be an only child .

Last time I looked Saint it was around 70k , donut money 💰

Yes he is excellent Chris , think I posted that after I heard him speaking for the first time. Very polished and considered . Big tick from me.

At some stage most definitely, but how much have they spent to date ? I haven't a scooby. Hopefully after the finance deal completes Liberum will supply some answers. If they are going to put a target price on the share, I'd expect some detail as to how they arrived at that figure.

That valuation is without merit. It is worth nothing until someone makes a firm offer. If IM was worth anything remotely like that figure , we wouldn't be sitting with the current MCAP , nor going thru hoops to get finance sorted.. or paying extortionate rates to Riverstone.

I'd love to see a 100 % sale after court results , pay down a chunk of the debt and avoid dilution via a raise.

As a newbie I have zero interest in IM , didn't invest because of it and would like shot of it to focus on the core business , which I believe has great potential.

Well what an excellent post B2HS2L, nailed it. The only thing I am not certain about is court v settlement. From my perspective it makes little diff to the SP in the interim. A settlement, would not be fast , best offer would not be forthcoming first . If they are negotiating, we may not be aware until very close to the court dates. The only other thing worth considering is that the courts take a dim view of going to full trial, if a reasonable offer has been made and declined ( that is what several lawyers have told me) Don't ask me what is considered reasonable, nor what happens to all the costs or how reputation plays into this.

Would like to think some sussing out ranges , don't doubt what you say. Looking at the transactions over the last few weeks, it is obvious to me what the range is. I don't expect to see any large trades before finance , would love to be proved wrong and a massssssive buy appear. Would be very very suprised to see massive sells as from my inexperienced viewpoint, there us just not the volume nor interest to buy at this level from PI's . A waiting game.

No not locked in , hope you're well Rooster !

Yes Ventura , I noted that . If a manufacturing fault or design issue than you would have expected a consistent fail rate across all labs , not a range of 10 % to 25 % and no mention of the 7th labs results. Most odd. Without doubt Twigger will have picked up on that .

Lol, be great if they've dug their own grave and the 7th lab was one we trained .

Strange this supposed design manufacturing fault wasn't identified during the 50 training sessions , pretty certain the Nova staff would have noticed pdq if they were getting unexpected results.

Now you're definitely telling porkies Consuela , Bubbles most certainly has plenty to say on many topics.

Do behave Harchris 😉

Think some shareholders need to be equipped with advanced countermeasures , might assist whilst navigating this board.

Not passing any comment. Operational enhancements 🙄

https://www.linkedin.com/posts/cruise-%26-ferry_refurbishment-begins-on-villa-vie-odyssey-activity-7191428655846227968-OdaH?utm_source=share&utm_medium=member_android

I'm not suggesting they are desperate at all. They applied for a summary judgement in the hope it was upheld. I am well aware they instigated proceedings. Since instigation they have been privy through mandated document exchanges to our evidence that their claims are unfounded.

They then applied for summary judgement late in the pretrial period. I believe they felt that full examination of Novacyts defence would ultimately be detrimental to their claim and therefore tried to circumnavigate that happening by applying for a summary judgement.

Yippee it failed.

Off out no more to say on the topic.

Why do you think the DHSC made the application ? Do you understand the ramifications if they had been successful. I do CS , yes they wanted to stop the case going to trial.

Yes CS , they did. If the DHSC had won instead of the application being dismissed , thrown out , not upheld , the consequences could have been dire for NCYT. The trial may very well have not proceeded with the judge saying no chance of success.

It can go ahead , now we wait to see if it does or a settlement is reached. I am also pleased ( by default) to learn that they don't have us over a barrel over some technicality related to the contract, which may have been difficult to defend.

The DHSC now will also know how NCYT intend to defend their claims re the tests suitability ( that is how the judge made her decision) and it may well result in them being more inclined to settle , I obviously have no idea , but view the decision as pivotal in relation to how the DHSC now decide to proceed. Imo.

Neil , as the claimant the DhSC has to prove their claims. They would have gone with their strongest line of arguement in the application, in the hope of a win and Ncyt being unable to provide in detail all their evidence both written and oral ( witnesses) I am not at all concerned about the supposed 6 NHS labs , what hasn't been reported is the thousands of successfully executed exsig tests, nor the reasons why Twigger used the phrase 'throughly bad' in relation to the DHSC evidence. The judge saw enough to dismiss their application.

I view this as very positive and definitely opens the door to negotiation. What Ncyt decide to do if an offer is made is beyond my ability to predict.

I would expect the costs for preparation of defence of application to be awarded to Novacyt.

How did the govt barristers call it right ?

Be under no illusion , the govt wanted the case stopped . The application was to basically say NCYT couldn't win , they put forward their strongest arguement and the judge dismissed it. In other words Novacyt have indeed sufficient evidence to win this and you will not shut it down. It was a chance they took and the govt lost.

Let us not forget that Ncyt had to undertake training of NHS staff , requested by the NHS.

I believe around fifty such sessions were held. Odd that if it wasn't rolled out anywhere.

Yes very much in our favour , percentage 💯

Brilliant news.

I hope we get an RNS tomoz but with the majority of shareholders being French , perhaps Thursday.