Member Info for Natdan

What a slick PR performance today from the Pantomime Dame, posing as cabin-crew from her previous incarnation with EasyJet and assisted by two corporates to help with the drinks trolley.

A gathering of MPs trying to spear the prey before them with a ‘killer’ question is rarely the best way of extracting information. The Dame sensed this from the outset and the three participants were allowed to waffle largely unchecked and control the agenda, painting in broad strokes an imaginary picture of a happy, content utopian workplace.

In particular, the internal complaints procedure was conveyed as a multi-layered infallible system where no employee could possibly have anything to fear in raising a grievance, whether anonymous or not.

This was and is a myth, because it ignores the massive power imbalance in this case between ‘celeb’ and desperate employee, the latter being naively young, likely to be on a very short-term contract and absolutely desperate to work in the television ‘industry.’ Was the boy really going to complain about the big cheese who had taken a shine to,him? Really?

The Dame’s oft quoted disclaimer of ‘Let’s wait for the KC’ kept her off the hook for today. In fact at one point I was half-expecting a renditioning of KC and the Sunshine Band: altogether now, “That’s the Way I like it, uh,uh,uhhuh…’

And as a shareholder? Wonderful news to.know my hard earned losses are contributing to Schofield’s ‘counselling’, paid for by ITV itself. What an inspirational insurance policy for ITV to endorse, in the event Gordon the Gofer came to any harm.

Just a final note on the latest RNS - did anyone notice LR’s comments at the conclusion where the best he could offer was the tame “ We look forward to developing a lasting relationship with INEX…”

Are these the words of a man who sees negligible value in the deal he has just struck, or are these the mutterings of a CEO who knows his days with this company are rapidly coming to an end?

Only the ticking clock will tell.

Whatever the appropriate valuation of this company might eventually be, the market is clearly signalling that it remains underwhelmed by the latest ‘deal.’

The amount of cash thrown out initially (delayed pending Taiwan regulatory requirements) is far from transformational, especially when considering the CEO’s hyper-inflated earnings in the last accounts, a reward for failure if ever there was one.

Will the deal keep the wolf from the door? Massively growing revenues would be a more reassuring solution.

I am always concerned when I read company announcements which descend into corporate speak, especially the one ending “… prolong the available cash runway and rebuild shareholder value over time.”

Questions which immediately spring to mind include ‘How long is the runway and what is the risk of a final crash and burn landing scenario?’

And ‘why should any investor now trust the person who was ultimately responsible for the destruction of shareholder value in the first place, to now reconstruct that value?’

And over what ‘time’ period is this expected? (Not another five-year plan one hopes).

Probably the best that could be hoped for under the circumstances of Ygen’s ongoing cash issues.

As mentioned a staged rather than an outright sale, so cash received in dribs and drabs. Will it be enough to keep our CEO in the wealth he has become accustomed to? Is the cost base really being attacked?

On what basis Clarky? The current trading volumes of this company are, if anything, even lower than pre-SP crash, IIs show no interest, and the BOD show no visible signs of driving the SP back upwards. Oh, and we retain the services of a failed CEO.

No haven’t sold, but a textbook case for me of failing to operate a stop loss on this occasion.

As for MHC I don’t know enough about the background workings of the agreement. The fact they are using Ygen for testing is no guarantee of Ygen’s survival or otherwise.

For any optimists still on board here, this share is rapidly running out of road for the greatly hoped for recovery, if it ever happens.

Regrettably the clean up of the BOD was only ever half-baked. We have a FD who has supposedly gone but is available apparently to impart his gems of wisdom to any eventual successor, not yet appointed.

Worst of all is the stain on the company which remains for as long as the CEO stays in post. It is inconceivable to me that a company boss, having presided over a near-catastrophic collapse in its value, was not marched immediately to the exit and his employment terminated without recompense.

Meanwhile the company strategy of silence continues, as if waiting gracefully for the last rites to be administered. As Elton once sang, the SP is ‘too low for zero.’

Davand. Job vacancies have long been mentioned here, in expectation that the Co. was in expansion mode. It never quite turned out like that as the Co. hit the buffers, and has been forced to concentrate on its cost base whilst continuing to burn cash recently raised.

I would guess that there is a high staff turnover due to short-term contracts for mainly technicians. The only meaningful job vacancy in town would be the CEO’s if advertised!

I note the few optimists who remain on this site with the somewhat repetitive claims that this share is oversold, big bounce just around the corner etc etc. This would have appealed to seasonal punters such as twix, ever keen to average down all the way from 16p downwards.

The market still tells another story. Lest we forget, this share continues to edge ever closer to zero and oblivion. Time is running out rapido. I don’t see any of the IIs either flexing their muscles or buying in big at these levels. I don’t see any internal enthusiasm or momentum to remove LR as being ultimately responsible for the doo-doo created. As for our man from Taiwan, what does he actually do other than put big money in here?

Help someone please.

Clearly MHC are the main beneficiary of the agreement, with a few morsels of testing thrown out to Ygen to help keep the wolf from the door.

Perhaps AR, who seems still to be linked with MHC, feels a tinge of regret for departing the Ygen ship not long before it ran aground.

Of particular interest is the second RNS re the directorate reappointment. Clearly this boffin has much greater value to the company in terms of vision and future prospects. Which begs the question- what is the forever anonymous Dr Little still doing on the payroll? Attacking the ‘cost-base’ anyone?

Being articulate has never been the orator Twix’s strong points, a bit like his oft spewed pearls of wisdom. The master of the ‘average-down’ theory of investing, aka compounding losses.

If for one minute his frequent alleged purchases were even taken at face value and were accepted as genuine then I suspect the losses he has accumulated to date would have comfortably reached a seven-figure sum.

Personally, I feel ashamed to have been hoodwinked by the business model Ygen presented here, eagerly promoted by the sweet mood music of our catastrophic Welsh wizard CEO over several years. Worst of all, lacking the discipline to cut losses and run many moons ago.

The difference here? I accept the consequences of my actions ; the despicable and disreputable twix remains in denial and resorts to abuse if challenged, in the true long-established traditions of a twitterati keyboard warrior.

I suspect it is more to do with an inability to shed the ego -after all the great Buffett-wanna-be has be3n preaching for so long about his investment mastery that it is difficult to face reality.

Maybe it’s time for him to start a league table with cumulative paper-losses -soon likely to be actual monetary losses- rather than the easily misleading ‘average-down’ tally.

“ I'm not minded to take part in any legal action”. Assuming the legally parlance of the lawyerly world works makes you sound ever more absurd, Rumpole.

I still prefer your one-liner classics such as the earlier “I identified the trading opportunity and acted.”

So buying heavily at 16p and then multiple purchases for months on end at opportunistic ‘averaging-down’ prices to 0.3p amounts to strategic great foresight on your part?

Also, plagiarising the Spreadex theory outlined by another poster and trying to pass it off as your own lacks any credibility whatsoever, Buffett impersonator.

“ Recycling has been a blessing with this pos managed for the BOD.”

-one of the all time greats of the art of self-delusion. Only a demented twix could regard a regular ‘average-down’ from the spectrum of 16p all the way to a rock-bottom price of 0.3p as somehow a resounding success.

One assumed his comparative recent silence meant the penny had finally dropped and whatever treatment being administered had the desired effect.

Alas, thrice times No. Methinks the man doth preach too much!

“ The opportunity to spot trading scenarios are a bit less clear now I feel.”
A worthy epitaph on your tombstone one day twix. After all, as you were supposedly ‘averaging down’ all the way from 16p, I agree that at around 0.3p the opportunities to rinse and repeat are now somewhat limited for you.

What is increasingly clear as time lapses is that LR intends to stay in situ, and that despite overseeing a SP collapse of the order of 95% on his watch.
And why would he go voluntarily when in receipt of a salary equivalent to that of 3 Prime Ministers?
So far culpability has extended only to the FD.
It begs the question of what performance indicators, if any, are used to measure LR’s managerial and fiduciary performance?
The Chairman has been almost completely silent, suggesting either incompetence or an inability to make the decisions which might salvage this company.
Whatever happened to the concept of gross dereliction of duty?
I suspect the market is indicating it will have no upward momentum until the necessary change js made at the CEO level.

Just hope they don’t come across a recently purchased mobile home parked up at some distant relative, on the pretext of being a mobile Nipt tester.

A strange, preemptive warning of Full Year results being delayed going forward:-
“… to accommodate a longer audit cycle due to regulatory and resourcing challenges in the audit market.”
What on earth does that mean,m what are the implications?
I hope they’re not doing a SNP here, struggling to get an auditor to make sense of any potential behind-the-scenes chaos.
A going concern? No, just concerned.

It seems cash is being burned quicker than the fuel from Elon’s rocket.
How long before they have to pass the begging bowl around again, if only to keep LR in the lifestyle (and remuneration) to which he has become accustomed?
Taiwan sale clearly ain’t happening anytime soon, if at all, and the ‘partner’ reference fails to inspire.
All in all, LR at his most ineffective uselessness.