Member Info for PI100

anyone* decent

Har Chris - it’s great news he’s gone, obviously, but it is further uncertainty which markets hate. There are clearly bigger problems at the top (no pun intended) but will they go as well? Who will touch the role with a barge pole now? Dispute will surely put off shrine decent as they’ll be hamstrung until it’s sorted, no strategy, no sales etc.

So yes I can be pleased and show more frustrations simultaneously

Johnny. Agreed, the company is done. They clearly have nothing and couldn’t attract anyone decent. At least he didn’t squander all the cash, however I don’t trust for a second those who are left

Good riddance. Now for the rest of the board. Absolute shambles. Maybe he’s jumping before ah unfavourable dispute outcome.

-10/20% on opening then. Just when you thought things couldn’t get worse.

A few buys and you think an rns? Clutching.

Ncyt investment aside, do you think covid is really much of a thing any more? Pretend you have no investments and merely an onlooker.
No makes
No testing
Hardly any jabs
Barley any deaths

It’s done

But it isn’t going to, and we know that. Why hang on to past ‘glories’?

For a long time now we’ve said we need to accept we’re s covid testing company that needs to decide where to go next. Unfortunately those who are paid hundreds of thousands per annum appear to be incapable of answering that question.

Basically, the company is a complete laughing stock.

If we lose will we be able to continue, is the bigger question? Trashed reputation, zero cash and no sales as it is. Wouldn’t even be viable any longer. It’s only viable at the moment due to the cash, which is not being put to any use it seems.

We gave him time, he’s had over a year and the proof is in the pudding. No future revenue strategy, lots of nice words and no action, lots of dipping hands in the till.

Devastating for many of us but a lesson that AIM is not only a corrupt market, but littered with corrupt companies.

than*

That said, they’re writing blank cheques anyway, but maybe less admin and red tape if not listed.

It may even help them dip their hand in the pot more easily then obtaining money via the LTIP, which is totally unrealistic now anyway. Surely if a private company they can just write blank cheques to themselves? No accountability.

We thought that the board pay rises would have more shareholder opposition but they sailed through so the board will clearly get what they want. We don’t matter, but whoever the large portion of shareholders in the pocket of the board are, will allow it to sail through.

Would they do it before the dispute outcome though? Lose and they’ll need funding (if they don’t fold the company) so maybe would stay ? Who the hell knows:

Interesting, but yes more than likely. What is the point in ncyt being listed - they don’t look after shareholders, they don’t currently have debt, they currently have cash in the bank, they don’t have/want/unable to attract II’s etc. Looks like another AIM company looking to screw their shareholders.

I wonder what the offer price would be here.. 70/80/90p etc

The 1190 was an aberration due to covid so not minded to look at that drop in too much detail, but what has happened since DA started has been appalling. Ok, we were overvalued at the time but a large portion of that drop is due to awful RNS announcements, poor presentation, woeful results and no future revenue generating strategy.

I think the day their pay rises got signed off was the day we realised they’re not working for shareholders in the slightest.

The fact that you can buy the company for about half the cash in the bank is ludicrous, but suggests the market is pricing in larger than expected losses (highly likely as we don’t sell anything and costs will be escalating due to inflation) and an unfavourable dispute outcome.

Market taking it down daily, nothing on the dispute, complete silence from the board, selling nothing of note, big losses expected.

Is there any good news out there?

I don’t think we want to know, whatever they have done with the money, it’ll probably be a disaster like everything else they touch.

They’ll be giving it away soon.

Shambles

Probably because they had to sack staff to absorb losses and massive exec pay rises, so no staff available to set up at such events.

Amateur and pathetic.

Just re read the RNS correction. Nothing says professional like putting something out to the market that is incorrect and then needs correction a day later.

Dreadful. Pathetic.

Christ, it all looks so so amateur. Can now see why the sp is what it is.