Member Info for PI100

Indeed, therefore 60% has gone on Mullis, cash burn and dispute costs. Some £34m. The fact we had £100m makes that sound insignificant but as you often point out most similar companies have debt and no cash - viewing it like that makes frittering 34 MILLION pounds look horrendous. In the space of what, 3 years? Horrific mismanagement.

True but given how badly ncyt has been run, it is a big concern that the same will happen to YG which could quickly erode that NAV.

£100m to £44m in a couple of years with only one relatively low key acquisition- is this not a huge red flag? Feels like trading at a discount of £8m to cash is reasonable given the dispute

You think city boys don’t know an awful lot more than the average joe?

Presumably it’s just traders looking to drain as much as poss out of the SP ahead of June in the hope of getting a nice bounce if there is a positive outcome. Add that to zero news from the company, no idea when full year results are out, large cash burn, huge losses. Add that together and you get a dwindling share price.

Wouldn’t surprise me if the government delay the court case until after the election and then they can blame labour (if they get in) if the outcome goes against the dhsc

Looks like death by a thousand cuts time again.

Covid happened and

Hopefully not, no news is good news. H1 is a write off due to the dispute and even then if it’s not unfavourable there’s a load of work to do. What worries me is that with a new CFO in place JM is clearly done so what incentive has he got to drive forward the company now? Feels like it’ll be total inertia until a proper CEO is in place.

Yes but also all it takes is for them to spend 2 years on very expensive research which yields no fruit and were potless again. Dispute aside, it’s a really precarious time given the total lack of progress and willingness to support the share price.

Possibly complete inactivity due to no ceo? Let’s face it, Gibson is now cfo so surely that is JM out of the door when they find a ceo. Perhaps he’s bitter and blocking everything?

Just don’t get the unrealistic ambition. Without YG we’re going to be posting in the region of £5-6m revenue, most likely, and heaven knows what the 2023 loss will be even after the downsizing of the cost base. There’s just no money coming in.

You think we’re going to rise by circa 400% after the dispute? A dispute that we may just settle on and call it quits, at worst go out or business or at best get maybe 40-50 million in the bank? Wed still be at under 100m cash and a massively loss making business.

Buys outweighing sells yet we drop almost 10%, someone make it make sense

Was a random early hours comment but not far off. Opening around 7.5% down for no apparent reason. Classic ncyt

Great. How does this translate to sales?

Indeed but it’s all relative. Not long ago it had £100m in cash, now half of that having bought a business on the verge word bankruptcy. Hardly a resounding endorsement of progress.

And let’s not forget, JM talked of £100m organic revenue. We will be absolutely nowhere near that even with the Yourgene merger. How can he just say such to investors and not be accountable?

heart may have sunk but did you expect anything else? we’re likely going to posing revenue somewhat 1/2 of pre covid but with costs many multiples. we’ve got a ceo who not long ago talked about £100m organic revenue and then just rolled back on it unchallenged and sort of laughed it off. you said it, you ******* cretin.

to be fair to him, i can’t see how he fits in now. new cfo and lr will clearly be ceo so perhaps jm’s severance package is being worked up as we speak

Would rather read something from ncyt saying they’ve actually sold something. Death by a thousand cuts on the sp again

And?

More good news would suggest we’ve had some good news. We haven’t.