Member Info for PI100

Billions to big pharma, let’s not pretend they can’t do what ncyt do, but better, quicker, at higher scale and cheaper.

OP because I’ve lost 83% of my investment and throughout that time I’ve seen the true colours of the company. Fully responsible for the losses as I invested but how the company have acted since covid is nothing short of a joke. I’ve listed many reasons before, I don’t need to again. They’re there for all to see.

It’s a joke aim company, but unfortunately some of us took losing a packet to realise it.

Fantastic

Oh good, just when you think the bad news has been delivered, we could be implicated by association in a 1bn scam? Fantasied

They have literally said they are cutting the cost base, Dr. Likely because it became bloated during and after covid and now we are smaller, in revenue terms, than before covid.

Val, as I’ve said many times when there is something positive to discuss I will happily engage. In the last year or two we have had:

Circa 50% reduction in non covid sales v 2019
No sign of the products coming on stream in. Q4 2022, certainly no sales of them
£14m less cash than last year end
Marcap £40m under cash at bank
Dispute ongoing and will have been for over 3 years by the time we get a resolution
Covid sales in 2022 forecast to drop by 50%. They dropped by 83%.
No CEO after the last one sat around doing nothing for a year.
No clear strategy to achieve the mythical £100/annum target mentioned last year
SP down 59% past year, 48% ytd, 43% last 6 months, 29% last month - all facts and circa 94% from all time high. All facts and thoroughly depressing.
SP chart mirrors other covid stocks such as odx, suggesting flash in the pan companies. Only difference is our cash balance which is just being used to plug losses.
Zero M&A since our massive covid windfall.

Please do let me know which of the above are incorrect. Also please do add some tangible positives - I’m not interested in LinkedIn or Twitter posts with a picture at some crappy trade show. I’d like something tangible.

I’ll wait.

I literally said first of all “next update is end of April” therefore assumed silence until then. Talk about framing an argument to fit your narrative.

The OP asked when the next trading update is - the company have literally told us it will be end of April.

Quite literally both things I quoted are as fact based on what the company said.

Next update is end of April.
Dhsc court date is mid June 2024.

Until then, silence.

Coffers are empty for minor things like marketing and website updates, money is hard to come by and we need to ensure there are sufficient funds for £20/30/40k payrises. Priorities.

25th Jan 2022 - "Currently, the Board expects COVID-19 reported sales could be reduced by around 50% in 2022, versus 2021, which will be partially offset by new non-COVID-19 products which will start to come onstream in Q4 2022."

That 50% reduction was in fact 83%, which highlights serious forecasting issues.

"which will be partially offset by new non-COVID-19 products which will start to come onstream in Q4 2022."

Non covid revenue was down 27%. Where did those products 'coming onstream' go? You may recall I called this as BS at the time - naturally I got slammed for it.

This is all very worrying. Why the hell can we not hold these people to account at a face to face AGM?

Poidster etc. - given that we are being 'run' by a CFO who bought a load of shares at, what, £8 ish with all the knowledge of the company we don't have, I worry about every decision that is being made at board level.

Are they profit making? What would they bring to NCYT?

Maybe in July 2024 onwards we will make a purchase.

SP has had a similar trajectory, even with the cash, so what's jokey about what I said?

They are saying that we are as **** as ODX, but with cash in the bank.

Not incorrect.

I have no idea what you’re talking about, ex.

Given that my average is £3.95, I’d say about £3.95 would be nice. But I’d bite your hands off for £2 now.

Proves I have no shares, because I don’t want to engage with a moron who has multiple accounts? Ah

Great for him, utterly meaningless for our ever decreasing investments

No thanks, bot/ValJu.

Hmm, I’m naturally over cautious so I very much doubt ncyt’s case is cut and dried. You don’t just go and sue someone for £134m without some sort of justification.

Agree they want to be seen to be clawing back public money wasted - it’s a pathetic attempt given how much they have to their mates, but most of the public are morons so won’t look at it through a critical lens.

Either way, the company is totally hamstrung until it’s over. And no decent ceo will likely touch it. Not a bad thing, just leave JM there doing nothing and save £0.4m/year. By lord we need the savings.