RE: what is going on with Novacyt ?17 Nov 2022 17:46
It feels like the plug has been pulled now. At least a while ago there were occasional pumps to give faint hope, now it’s just oblivion. I mean I’ve said that before maybe prematurely but this surely is. With the marcap to cash ratio so out of kilter, there’s clearly no bottom - the market thinks we have lost the dispute and have no future revenues, and is hammering us accordingly.
We’ll never find out what happened, but will just be another corrupt aim stock gone to the wall. I called it ages ago as another odx and the chart supports that. Obviously i didn’t believe it enough to sell but I called it.
The worst part about all of this is even as part owners of the company we have absolutely no say and will never find out what is actually happening, well not until half yearly figures are announced anyway. What is truly happening may be planned, or it may just be as someone else said earlier a case of a very small time company acting in a very small time
Way, the cash being an aberration.
Even if there was never a plan or the desire to grow, at least pay out some dividends.