Member Info for PI100

HarChris where is the steady organic growth?

2023 non covid sales - £5.8m

2019 non covid sales - £12m

So we’re literally buying a sinking ship.

As shareholders, will we get a say in this?

What corner is that then? The one where we reduce revenue qtr on qtr? The one where our cash burn is almost £1m per month?

I’m fairly sure warren wouldn’t invest in ncyt, literally un-investable

I’m fairly sure warren wouldn’t invest in ncyt, literally un-investable

Val - we’ve apparently been showing thought for the future for 2 years now and year on year the figures are a disaster. Literally burned through £5m cash in 6 months. Covid cash pile gone in 8 years if we do nothing else.

What’s the relevance of that? I’m not being paid £0.3-0.4m a year to run the company. Someone is, and they’re making an absolute mess of it.

Are you happy with the update?

Q1 forecast £1.7m

Q2 forecast £1.6m

We’re going backwards

Needs to be invested quickly given the burn rate

Market will absolutely hammer us

£5m cash burn in 6 months.

£7.1m opex

Board out, now

Here comes the dump then.

3.3m revenue in 6 months.

No plan here, just devastating losses. I won’t apologise for calling out the appalling performance of the company and the board over the past two years. Acquisition aside, don’t forget we are 7/12 through the year and have no idea what the 2023 forecast looks like. All we have to go on is Q1 figures which ended 4 months ago, which is appalling.

Indeed HC, which is what makes me super sceptical. The last 100%+ rise we had ended with the price being below where it started. But agreed that a nice steady rise and consolidation is needed. A boom like yesterday and a settling as appears to be happening now, levelled out a bit today but still +10% so can’t argue. I expected serious red today.

Let's not get carried away, eh. Fantastic start to the week but as someone else said (and I didn't see them get hammered for it like I would have done), we have seen this countless times over the past couple of years with ncyt and have always fallen back, and lower.

That said, given that there is absolutely no obvious reason for the rise (as there is often absolutely no obvious reason for the fall) let's embrace it for what it is and enjoy the respite.

Looking good. Wonder what is going on. If an RNS drops in the next few days one has to wonder if info was leaked?

None at all, caveman. Absolutely none of us here know why it it is 23% up but I’m not complaining.

Past experience tells us that these highs can be quickly wiped out but let’s hope it is actually related to the tangible news we received. At least we have something to go on at the moment, whereas for 1-2 years the company gave us nothing other than copy pasted presentations and pie in the sky future revenue predictions.

Happy to see the rise, harchris. But see no reason for it, buys don’t massively outweigh sales etc so can’t rule out pump and dump.

I guess it’s just aim price action which, frankly, makes little sense, so what will be will be.

Don’t really care any more, 89% down so just riding it out now to see if anything fun happens.

Hopefully not! I think no news is definitely good news given what happened in Q1!

7.5% red. One thing with ncyt is for sure, it never sustains its rise..