Member Info for neilrich3

Wonder what shall happen next and whether both Claimant and Defendant Barristers will attempt to negotiate a deal outside of the law court? Not sure how it works, however guess no two cases the same!

Captainswag, There has been no change in opinion and/or expectation from the company.

Nothing has changed!

Also, the opinion and expectation of the board shall be based upon sound legal advice, this shall be from the legal advisors employed to make our defence, but also Janet K. and Nick Plummer previously.

To my mind an accounting technicality, an absolute worst case scenario that the board has to acknowledge, however they have an opinion and an expectation. As per note 18, the group believes that they have strong grounds to defend the claim and recover outstanding sums.
From page 6:
We draw attention to note 1 (going concern paragraph) and note 18 in the financial statements, which indicates that the group is in a legal proceeding with DHSC. As stated in note 1 (Going concern paragraph), these events or conditions, along with the other matters as set forth in note 18, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Another question with regards the LFT, are they simply white label products developed by another company, or has NCYT been directly involved with the development?

Why...what's the problem with that last line? I read that as a positive!

Not sure what you're suggesting, the tests have been shipped at ambient temperature, however that package contained Dry Ice. I guess that new test shall also be shipped at ambient temperature, but without the dry ice.

Possibly a dry winterplex PROmate in the pipeline?

They released a vaccine not a test, big difference.

Do we know what's required for it to become a CE test?

Don’t have the necessary permissions, please confirm what I’ missing?

Wow....Market Cap £284.2m. Forecast revenue £3m for the year end 2022 and 2023. Does AVCT have £99m in the bank.

Apply the same multiple/valuation to NCYT and the share price here would be well North of £8.00. Just makes you wonder, the DHSC has a lot to answer for.

http://medicarepoint.vn/product_detail/may-Realtime-PCR.html
Vietnam is an important customer

Vietnam recorded 89,120 dengue cases in the first six months, up from 35,936 a year earlier, an increase of 148%. Deaths tripled to 34 over the same period.
https://www.reuters.com/world/asia-pacific/vietnam-tells-hospitals-prepare-dengue-fever-cases-surge-2022-07-14/?taid=62cfb921b77d0e000136495e&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Looks more like preparing for a recorded interview with the CEO, putting David in the hot seat. That's if it is Novacyt of course.

On top of that, the company has already made a £19.8m provision, which is not a part of the cash balance.

"living with" frequent mass Covid infections is a BAD IDEA (& what we can do!):
There is a negative feedback cycle for transmission & *each time* we go through it in a wave we damage our people, our NHS and our economy a bit more. The virus evolves & drives more waves. Waves are closer together & higher in 2022 than in previous years!
Lots of evolutionary space left, & there is no inevitability towards mildness.
Long term sickness rises with every wave and depletes our workforce - especially as Long Covid commonest in adults of working age
https://twitter.com/chrischirp/status/1546907336526237698

Let this sink in—“if Long Covid risk is only 10% per infection (grey line), and 2 infections a year, your odds of getting #LongCovid reach more than 50% in just over 3 years,” but worse is that the CDC’s long COVID estimate is already higher than this!
https://twitter.com/DrEricDing/status/1546933803523915776

https://www.youtube.com/watch?v=XPC7vid70N8
Great to see, available within the USA and Canada too and under the same brand, however who knows whether Novacyt have ever been directly involved, hopefully IT IS previously.

Novacyt supplying OEM products to Hygiena, thanks to Larry

https://www.hygiena.com/food-safety-solutions/pathogen-detection/bax-system-x5/