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Compare GMs communications from when he needed the shareholders/raise capital it was all about expansion, the enormous potential of the diagnostics industry, it was 'just the beginning ' to the last communication, which as you remember wasn't even given a set date but handed at the very last possible moment and now it has no mention of the diagnostics industry, the future apart from a vague, it's hard to tell. He had to know what the effect was going to be, the same as he knew the effect of posivity when the market was important for him. Of course he should address this.
Orientation- I agree with you and the share price should be at least ยฃ10. Unfortunately for us GM no longer needs shareholders we are now irrelevant to him and of no consequence. I believe if he still needed shareholders that update would have been a lot more positive and more detailed but for now why bother, he could have and should have but didn't.
As I have always stated I believe it is a great business, for some reason the MMs never ever pass opportunities to jump negativity on this one, I was frustrated, to say the least, at the CEO himself hand them an easy opportunity to do so again.
From the RNS - " His new important role reflects the Company's growth strategy "
So they do have a growth strategy ? Not one that the shareholders had any right to be informed about ? A great business that has always suffered from ONE weak point - future growth forecast. All Mullis had to give was some confidence or at least an acknowledgement that the forecast was one of growth, the ONE thing he wouldn't give. This huge drop is on him, there is absolutely no excuse for what he did, for what reason I'm not sure but I do find it incomprehensible that he didn't know what he ought to have written or given guidance to.
I see on Twitter there is a post from a Chris Harrigan Account manager for PrimerDesign , can anyone shed some light on this please ? He talks about the roll out of PROmate in the North of England. Is this a legitimate account ? Can anyone verify what he's saying. Again I am confused over what I read on twitter and what I hear (or don't hear) from the company.
RBM, I think this is a good idea. I have been invested here for nearly a year now and have frequently discussed GM's communication style with my wife. However, after yesterday's debacle one would hope that the penny has finally dropped, especially given his own substantial holdings here. I think he will have felt it this time. I also think it possibly betrays our history as a small science lead embryonic business. We do great science and we can execute operationally very well. But we don't do sales and marketing very well yet. It's not our thing. So, what we have achieved so far is quite remarkable. And no doubt it will get better. Communication and great story telling are hugely important skills that we need to develop. The challenge is to transform a science led business into a global sales and marketing powerhouse. That's going to require a huge cultural metamorphosis and it needs to start with the CEO. Communication is at the heart of this. I would point GM to talk with Sir Martin Sorrell and engage S4 Capital. Let's be ambitious. Let's recognise that this isn't just about poorly chosen words in yesterday's RNS, rather it highlights once again the great cultural journey we still need to undertake. Equally, GM could learn a lot just from reading S4 rns's. I spent my life in tech sales and if I had told the business it was too early in the year to give them a forecast I would have been fired. That's in effect what happened yesterday! It was nieve and smacked of inexperience. And it really didn't need to happen. So not sure about the quality of advice and feedback GM has around him. Hopefully he is humble enough to surround himself with good people who are even smarter than he is and to welcome sound advice. We've achieved amazing things this year but new challenges lie ahead...
Porky9 - That reply from Mandy is scary ! Are they really that clueless about sentiment, forward thinking, confidence ? I can honestly say their PR is absolutely atrocious in my view, it is worse than useless it is downright damaging. This massive drop today is down to their inability to handle proper communication to the market they have in effect been told to go away and get their big boys cap on and come back when they know what a forecast is. If they don't know or have any confidence about their future how the heck is the market to know. It's so frustrating to see this unnecessary and entirely preventable damage done to what is a great business. But the market needs more than what someone made last year, they must know that, surely ?
I completely agree with you, either Mullis doesn't want a stable share price indeed even helps drives it down or he is totally incompetent at investor relations. AIM is a game in itself and you would expect he would at the very least know how to play it. He needs to take a look at Martin Sorrell, now there's a man who knows how to do it. I am pretty certain if there were more institutional investors in this they would not accept this from Mullis and as a private investor I also find it unacceptable but unfortunately Mullis won't care about a PIs opinion.
I don't know how to put into words my anger at Graham Mullis, time and time again he has shown that he is incapable of handling communications, he not only ignores investors he actually makes it harder for them, the lack of respect is astounding. He quite clearly no longer needs investors, has no institutional ones to answer to and seems quite content to sit back in his own little kingdom. How can he not understand the need for positive wording, how can he be so vague and dismissive, how can he not even try to sound confident ? Sellers aren't the problem here Graham Mullis and his refusal to show any understanding of the AIM market is, if he can't be bothered to be upbeat and confident why should the market bother ? I have tried to understand why he behaves in this manner, is it just his dead pan personality, his disregard, arrogance ?? I don't know what it is but he certainly shows what damage the wrong person in the right business can do. I'm sure he's good for the company in some ways but as a public voice he is a disaster. All just my personal opinion of course and whilst being annoyed with him in the past I am even more so now.
Netanyahu clearly believes the world is stuck with covid for the long hall. Testing is here to stay...
https://finance.yahoo.com/news/davos-2021-benjamin-netanyahu-israel-covid-19-vaccine-mutations-pfizer-145820700.html?guccounter=1
https://www.spiegel.de/international/world/can-germany-stop-the-new-supervirus-a-e9ffc207-0015-4330-8361-b306f6053e15-amp?__twitter_impression=true
Just read this excellent but deeply troubling article in German magazine Der Spiegel The more we find out the more troubling it becomes. I think we may well only be at the beginning, rather than approaching the end. While great for testing opportunities, this is terrible for humanity. Normality won't be back any time soon...
German company BioNTech, which partnered with Pfizer to produce the first vaccine approved in the West, said it could produce millions more doses than originally expected this year, boosting the production forecast from 1.3 to two billion.
The announcement was a boost to countries struggling to deliver the shots, but the company also warned that Covid-19 would "likely become an endemic disease", with vaccines needed to fight new variants and a "naturally waning immune response".
https://www.rte.ie/news/coronavirus/2021/0112/1189101-world-covid/
So, according to the above article, BioNTech believe covid is here to stay and the vaccine protection will fade and we will presumably need regular vaccination like annual flu, but because the disease doesn't die out it will likely have the time to mutate sufficiently to require new vaccines! Rinse an Repeat. It's really quite depressing to think about...