Member Info for Kaeren

The DHSC clearly state they followed internal protocol.
The assays we supplied and instruments have extensive literature regarding how they must be used.
The contract included training. Novacyt trained staff how to use the assays and instruments , indeed the course participants even had to pass a test.
So perhaps their internal protocol didn't cut the mustard and was not compatible with the assays
and instruments supplied. Many ways to skin a cat. Imo Novacyt did all they could , they supplied , they trained and yet still staff unable to use ? Bit odd!

X2 new appointments

* Barrister , v impt, he will dictate what does/ doesn't get included in bundles and will be behind any responses. He is the critical player in our defense. He is from a good chamber and as I said earlier has a excellent rep.

Just looked at the jobs BH2 , obviously no e of those being made redundant had transferable skills , over qualified ? Bit strange.

Well said Poidster , everything has been validated and agree there is no way they would have claimed 100 % it is ludicrous.
Tis a mystery that has cost us all but... if that's the best they have then I'm in agreement they have very strong grounds to insist the contract stands. Over to the barristers and looking at the gentleman Novacyt have engaged he comes highly recommended and is very experienced.

Thanks B2H.
The article I was looking for wasn't by Tony Cooke.
Reading the extracts posted yesterday made me think of this article
https://t.co/rllfexT2MG

Perhaps some holders may want to respond to this tweet
https://twitter.com/johnredwood/status/1564890572804030465?s=20&t=_lih9rTyOgepuDAuE6kDXg

Interesting , could be , might not be , didn't work appropriately ? As a POC and required ancillary products , safety cabinets , multi pipetting? They trialled it , they proceeded with contract. It is not the instrument , they have been sold for years.

Thanks Exmex.

TKR can't remember , not in situ with my notes in a funny little place called Ballykelly until tomoz. Will dig out as I said and post asap.

Pebbles I have somewhere all the info re the LTIP , there is a claw back clause , it's complex , I will try and locate and post for general debate.

SirD if you've read the whole transcript , I did , it is an absolute farce. Apart from bending over backwards at all costs to facilitate Randox, one must look at the timeline. On the 4th of November they were awarded a 347 million contract and one can see from the transcript the mails dated 26th Nov they could not fulfill it without government assistance. Were we given any level of assistance with one of the primary issues supposedly being lack of ancillary equipment in some NHS labs ie safety cabinets. I hope Novacyt have considered the transcripts carefully. It also is worth considering that after the Sam Lovett articles about the complex multi pipetting and lack of safety cabinets that a govt official came out and said the tests were working and had been validated in several NHS labs.

Gov official quote
"The government has insisted that the rollout is not being stopped and that there are no plans to remove the existing machines, some of which have been validated and are now providing rapid testing for hospital patients and staff"
And now they want a full refund and for the Winterplex tests , yeah right !
The tests were also trialled prior to the contract being awarded.

To any sensible holder imo there is. Take Biosynex , they invested for a reason , now they could TRI Tuesday having sold out , alternatively any suitor them included could accumulate enough shares at a cheap price to have a seat on the board or even start a hostile bid. Christ the mcap is so low and the cash in bank almost pays off the dispute , a buyer would only have to find 35mill if the worst case scenario materialised. I think the next few weeks could prove to be volatile.

AND !! UNLESS I'M MISUNDERSTANDING CHECK OUT THE LTIP

I read that last night. So where has the 74 million disappeared to?

Amers it's a repeat of Porky v Van , Porky V BYP and now DRB
V BH . As most posters believe DRB is Porky , do we have a consistently naughty piggy ?

Lot of crap being written on here today by folks who don't hold . Some have even admitted it
Jokes.

Harchris , I think that the company are well aware that M& A is a priority . They have obviously not proceeded to date because they believed the the dispute could be settled without going to court. That has now changed and the company know this could drag on. This actually means that they can utilise
that cash for an extended period regardless of outcome. Changing circumstances require a change in strategy. It was always their intention to conduct further M&A and that now must be a priority. We understand that , I'm in no doubt they do too. So transformative news could land at any moment. The board is full of emotive rhetoric , Allmond is a relatively young man and his career is dependent to a large degree on his performance. I don't know who voted for salary rises but they did , it is history. The business decision re Microgen and Lab21 is simply that , a business decision , a mixture of closing the companies to consolidate under one name and without doubt rebranding the better sellers under the new name. It won't be all Microgen staff out , it will be a business decision to reduce costs and the staff leaving will be a mixture of voluntary redundancies and selected staff across the whole company. This is the natural ebb and flow of many businesses. During the peak of covid many staff were hired and with the greatest of respect intended perhaps upon occasion the shortage of the most suitable available candidates meant some hires have proven to be no longer required for a plethora of reasons. Again supply and demand and not unusual. Many who have run their own companies have experienced this , at the height of the pandemic uni students were being pulled to help conduct PCR tests in the lighthouse labs, there was a severe shortfall of scientists blah.
What the company do next is crucial , but they have a massive advantage over many with the cash pile they are sitting on. Without looking at numerous other aim companies and producing stats to compare , I have no idea if the directors are overpaid / underpaid . Without this info ranting about their wages is meaningless.
The SP is on it's knees but I still believe the company has great potential and could rise again quickly. If I didn't
I'd feck off and stick my money somewhere I believe it would increase. As ever imo .

Why Gizzmo for what reason ?

Valju everyone is peed off. Myself included. Not my usual style to post something I know the company are deliberately keeping under wraps , but it is reflective of my utter frustration at their failure to even attempt to protect their investors.