The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
My concern is that with Oxford Nanopore and Abingdon, the DHSC didn't actually start legal proceedings and settlements were agreed. Someone who has seen the contracts must have advised the DHSC they had grounds to take NCYT to court despite all the evidence people have found suggesting Novacyt should win the case.
Something else has been added for the Q16 instruments. Someone (can't remember who) did bring up the subject of the LTIP a while ago and questioned whether it would need to be paid - looks like we have the answer. I assume the 74million is part of the counter claim.
I cannot believe the DHSC is doing this but there must be something in the wording of the contract which makes them believe they have a case.
I have horses - they can get all sorts of worms. It used to be the case that they were wormed probably 4 times a year (Ivermectin anyone?) The worms start to build up resistance to wormers so rather than sticking unneccesary chemicals in their bodies (and to try and limit this resistance) people tend to have a worm count done and only worm them if necessary. Should be the same with everything going around at the moment.
My brother still has parosmia over 2 years later. His is not nearly so bad as a lot of people. He says things taste different but he cannot tolerate onions or eggs any more - this seems to be common. I got Covid 7 weeks ago. Taste and smell came back fine after 2 weeks, but it has mostly gone again. Some of what I can smell is 'different' to what I remember although some things are the same, taste is not as good as smell. I am trying smell training using Marmite, Vicks Sinex (this smells a bit oily) , a hand cream and oranges. I am we aware this may turn into parosmia some months down the line.
I am however dismayed to put it mildly that the contract was not 100 % watertight. I may be wrong and the judge immediately throws out the DHSC claim. My issue is twofold re the contract , is there no redress with the legal firm who represented Novacyt ( they carry huge insurance ) secondly Wakefield and Snape are very experienced ( look at their working backgrounds) both must surely have had sight of the contract which was many multiples bigger then anything Novacyt had previously been involved with. If not , why the hell not ? If not involved intraday then if ever there was a time to be involved it was then. Imo
Is Snape still employed , I read last year he was going as 79 years old. Can't remember where though sorry.
******************************************
Maybe there will be some redress with the company that drew up the contract if Novacyt were to lose the case.
Maybe Wakefield and Snape didn't see the contract and Graham went ahead without them. It might explain why he was pushed because he certainly didn't retire.
All just my musings on what may have happened.
I would have liked James McCarthy to be a bit more positive about the prospect of M&A as I think that is the best use of the money they have. I thought that when I listened to him and now seeing the words written down I still feel the same.
Kaeren, I really hope we will win the court case. However we do not know the actual details, Poidster has told us what he/she knows and lots of assumptions have been made along the way. There is just a niggle that there is something we don't know about as I can't believe it has gone this far and agreement reached by now. Do doubt Wilson thinks this is negative of me, not allowed to have any opinion that disagrees with his.
I loved that book. However I don't think it's that sinister. I think that JW is actually not very good at what he is being paid to do, he seems to lack any enthusiasm and I think he has passed his sell by date. I watched another company's AGM yesterday and the difference between the two was incredible. NCYT actually made a very short presentation when you took out all the French parts. Very short Q&A session and then the long winded voting. All seemed to be in a dull monotone. The other company had people presenting who actually seemed to care and were enthusiastic about what they were doing and the future ahead. And they gave figures.
Larry, it's a shame they don't give a value to much. I feel the £100m they talk about is a nice round figure plucked out of thin air.
I have been doing a bit of Googling and the Chairman is responsible for the effective communication with shareholders. I think our one fails.
"Throughout this the chairman has stood by , not good enough imo."
I have asked before but who decides he has to go? I think his eye is off the NCYT ball, he has fingers in other pies and has been involved in setting up a couple of new companies over the last few months.