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That's why i cashed out, I couldn't see anyway of it coming back, so I took what little value I had left in it before it goes into administration.

Rather get something rather than nothing back.

Hard lesson

LOL

Thanks Brent,

My overriding emotion is just sadness tbh.

The potential they had was impressive in the Covid days.

I still stand by my comments from that time, their R&D was exquisite.

I was seriously impressed.

Primerdesign had so much potential at that time.

I also still stand by the comments regarding the efficacy of their Covid tests.

I can probably come clean now but both myself and my partner worked with their products, if you were a competent scientist, there were no problems with either their instruments or the test kits.

We were on the calls with NHSE working group listening to all the issues which we never experienced.

The move from EXSIG to GENESIG made it even easier to use.

It was used routinely in our lab with no issues.

EXSIG was very exacting and not really suitable for a very busy lab, I did say this at the time on here and was roundly shouted down by some.

Thats why genesig was developed, amazingly quickly. That resolved most of the issues.

I could go on but won't.

Suffice to say that bad comms and politics and corruption got in the way.

Im surprised that nova seemed to roll over and accept the failings levelled at them.

We used it with no problems.

Our opinions were never sought regarding its validity which I thought was frankly bizarre.

Mullis left with his millions, then Salad man (what was that all about) who ran the company v badly.

From previous experience, I'd say the board are now just old journeymen, doing nothing, taking inflated salaries until the money runs out.

I invested in 2020, im not 100% sure but I think in all that time hardly any board members bought into their own company.

As with so many AIM companies, they had great products, great R&D and were let down by the CEO, CFO & the rest of the board.

Hard lessen to learn, ive lost over 5 figures.

I made it up in other ventures but still stings.

Hello all,

The time has come,' the Walrus said,

To talk of many things:

Of shoes — and ships — and sealing-wax...

Ive finally taken my leave of this god forsaken company.

Took a loss, im putting it down as a learning experience.

Ive been watching silently for a while, mainly because I've had nothing of any value to add.

Any hope I had of seeing a decent return have evaporated,

Ive seen all the decent staff leave, the R&D department, once their strongest asset has been eviscerated.

I just can't work out what their strategy for future growth is or even what the direction is.

All I can see now is rapidly depleting cash in the bank, very little in terms of significant new contracts, distinct lack of new products.

Investor relations seem to be non existent

I thought it was bad with Salad man but its even worse now.

It all started out so brightly too.

I could have cashed out and had a healthy 40% profit but greed and believing the then ceo about future prospects got the better of me.

So im out, older, wiser and poorer.

Im taking my remaining money out whilst I still can.

The SP is sure to rocket now ive crystallised my losses.

Best of luck to those who remain but all I can see is administration ahead.

Message ends.

@Davand

The whole of the diagnostic and research industries would completely disagree with your opinion.

Billions of these PCR tests globally are performed annually.

It's considered to be the gold standard

I was literally on the verge of selling last week, taking a stonking 90%

Loss and moving on.

Apathy sometimes has an upside, I didn't so now here we are.

I sincerely hope the sales team and nova now get out there, globally and sell the s**t out of their offerings.

This is a gold plated opportunity for them to earn their corn.

And before anyone one comes at me and says your profiting off misery etc, kiss my a$$. Have you seen how much money is being made by arms dealers recently. Not saying it's right but after years of holding this dog sh1 te share I'm happy to cash in, no-one else seems to care, so why should I

Is versalab still a thing ?

This is an epidemic predominantly in subsaharan Africa.

Get out there and both help and make money.

@Wilson, Nova gave all the returned covid kits to WHO, free.

Hope that may be a loss leader.

Just hope they leverage that goodwill.

Just an aside but this LSE site is the absolute pits, it's THE worst share site out there.

I used to use iii but that went terrible too.

Are there no other share sites available because this utterly, utterly sucks. It's abysmal

Let's see where this goes

Hi all,

As most of the long term holders on here know, I've been completely transparent about my background and my interest in nova

I'm so disappointed with the BOD

management of this company.

I think it's fair to say we were all misled.

I saw the products in use and knew they had massive potential if applied correctly. I had an opportunity to cash out at 40% profit but after hearing Mullis and learing about phase 2, I doubled down

Pure greed on my part and no one to blame buy myself.

I still stand by everything I've posted before regarding the veracity of their tests. I'm still not sure why they they didn't win the case. I was led to believe from both the info from nova and my own experience that we had a really good case

Well, clearly I was wrong and have paid the price.

So, where do we go from here?

Sell up, take the hit and move on.

Or wait for jam tomorrow??

With MPOX rampant in DRC, nova and their suite of products would be ideally suited to help with this

Yet we hear nothing.

The BOD imo are now stealing a living, draining the company via exorbitant salaries and delivering nothing.

No updates, no new products, nothing.

What a waste

@porky, yh that was me regarding the pallets of stock.

I wish I'd listened myself and sold up there and then.

Hindsight...

Don't know whether to cash out and take a massive loss (or hold) and hope for jam tomorrow.

Where have all the R&D updates gone.

They had loads of products being worked on, what's happened to all them

The R&D was nova best asset by far, I was really impressed with them.

Now tumble weed.

What are they actually doing now.

So disappointed by the BOD

So so many opportunities wasted.

And now radio silence, yay, way to go guys.

Turned a potential golden goose into a turd, without lipstick

They need to do something.

A plan on how they propose to take the company forward beyond this would be good.

Where's the growth coming from? Target markets they are exploring

Future developments etc.

They need to come out fighting now if they want this company to succeed.

If we hear nothing for the next 6 months then its over. They need to come out with a very aggressive marketing and sales plan and communicate that to both sh and the market. If they don't, it's just a lifestyle company from the BOD, they'll take their wages, then just move on.

I'm so disappointed with them all.

Utterly useless BOD if I'm being honest.

I expect nothing, I'm setting my expectations very low.

Wonder if I could get a job on the BOD

Who's head or marketing & sales now?

They need to earn their corn now

@cs david almond, remember him??

aim appears to be the wild west.

very little accountability

just feeling cheated tbh

they are/ were a cutting edge company, i was super impressed by their response to covid

it's all turned to ****e now

unless things are turned around sharpish, it's going to the wall.

the bod will drain the company, screw over the staff, then it will fold

I think the next 12 months for Nova will be critical.

I'm feeling quite sour now about the outcome.

I apologise if I raised expectations but I believed and still believe that the tests were sound.

Clearly that appears not to be the case.

I would dearly love to know the specifics but that's highly unlikely now.

I do wonder why none of the lab personnel who used it successfully were not called as witnesses

I think nova haven't handled this well tbh.

Appointment of Salad man at a critical time, that resulted in a wasted year and hurt the company.

They lost thr opportunity to leverage their footprint in the NHS and continue to do so tbh.

They misled shareholders for years, from Mullis BS, which was why I doubled down instead of taking profit.

To we have a strong case etc.

I've invested on other companies who promised much and delivered little.

In the meantime the BOD take their high salaries and deliver very little.

Practically I has written this investment off but a 5 figure loss as I approach retirement still sucks.

Off to drown my sorrows now, yes could of been worse but doesn't feel like a win

@CS thanks.

What a total 5h1tsh0w

Could have been a lot worse I suppose.

I still maintain there was sweet FA wrong with their tests but what do I know.

What an enormous waste of time and money for everyone.

What's been achieved after all this, absolutely nothing, other than shareholders losing a s h1t ton of money.

FFS

Well, can't say I'm not disappointed.

Clearly more info available that we weren't privvy to.

The longer this went on, the more I thought that a settlement was on the cards.

I'm quite interested in what the RNS doesn't say.

It says they have come to an agreement for all claims & counter claims if Nova pay DHSC £5 mill.

So what does that mean, is there a financial settlement in the background 🤔 if nova cough up the 5 mill?

At least the whole thing is closed now.

Time to move forwards at last.

It's been a long 4 yrs since I bought into this whole debacle.

Sincerely wish I'd not been greedy and took a 40% profit. Live and learn, hindsight is always 20/20.

Well, we stuck it out til the bitter end.

Never mind it's only money.

Still think they cam be a very good company now it's behind them.

I'll let the dust settle and see where we are in a year

Co prep es for multiple different tests is a good move and long overdue.

@giz

Your posts seem to be conteary to your stated position.

Just saying.

Are you just playing devils advocate?

I agree, things need to be challenged and contested but it seems to be your first response to everything 🤔

Ppl on here can make up their own minds about posters, including me, of course.

As you were

P.

@EX

Fantastic info,

If I've read that correctly, how, just how can DHSC claim that its a faulty test ???!!@

This is a report done by the NHSs' own ppl fgs.

On what grounds, based on this report, could DHSC claim exsig/promate/Genesig isn't a robust test.

Its literally written in black & white that states that it is.

Usability and ease of use, is a world away from it being faulty.

I maintain, as I have always done, the test works. Its written in the NHS own report.

What on earth is this court case about?

I'm off to buy some more shares tomorrow, won't take many to get my average down, a lot.

@EX am I missing something here 😕

For the life of me I can't see what this dispute is about other than political shenanigans 🙄.

Honestly at a loss

Thanks for sharing 👍

@B2H,

Wow, thats a lot of questions 😳

Tbh, I suspect most routine hospitals used none of those analysers whilst using exsig/genesig.

This was what I was referring to in one of my previous posts regarding the testing protocol used by TVG.

Most routine labs would have used a manual preparation stage, then used the Q machines.

Tbh, these are questions for twigger to ask of DHSC.

Nova have and gave specific instructions for use of Exsig/genesig/ Q machines.

That was their method for accurate and reliable results.

Any variations from this would require interrogation by twiggers of DHSC.

@giz

As I have said in previous posts, you need to remember the context of the situation at that time.

NHS labs only get accreditation by proving they are fit for purpose.

That was stretched during covid.

Also, im not directly saying that they didn't follow these protocols.

However, these facts need to be tested and examined thoroughly.

Given the amount of money at stake, plus the reputational damage.

Nova should leave no stone unturned.

Someone coming after you for over £100 million because THEY say your test was faulty had better make absolutely sure that they are squeaky clean and adhered to proper protocols.

I am not for one minute suggesting that they didn't do all of these things.

But as a defendant, these questions absolutely need to be asked of the claimants.

I would absolutely want evidence that the test was implemented properly.

Especially given the crux of the matter seems to boil down to user error vs faulty test.

DHSC need to unequivocally prove its the tests that are at fault.

Given everything I've written and know, there's zero chance of that happening.

How can a test that has passed CDTA be called into question?

This is the second time you have sought to undermine the credibility of things I have posted.

Could I ask why?

Do you hold nova shares, i do, im showing a 90% loss, my fault.

Whats your position ??

Do you hold shares?

Are you shorting them?

I think its only fair that you declare your position, just for transparency

Your comments don't reflect those of a LTH, quite the opposite in fact tbh.

As you were

P.

@B2H

wrt training, there will have been a train the trainer approach from nova.

Nova will have trained usually senior staff in each lab. Once both nova and the lab were happy with using the equipment it would have been signed off as all OK.

It would then fall to those lab staff to cascade that training out to the rest of appropriate staff (be interesting to know in the labs that had high failure rates, what level of staff were using the Qs. Were they qualified biomedical scientists? Or unqualified APs associated practitioners)

Another question for twiggers to ask perhaps.

Normal training protocols in a lab requires teaching the technique, then observation of the trainee using machine, if OK person signed off for routine use.

This is standard practice, not 100% sure if its mandated but accreditation of labs, requires evidence of robust (lol) training protocols.

Was this model followed by all labs?

Can they provide evidence of robust training protocols of ALL staff using the Qs

Again, more questions for Twiggers to ask.

Were the correct decontamination procedures followed, all the time.

Can they provide the SOPs for the decontamination procedure, does that align with the IFU from Nova?

As I've said before, so many potential points of failure.

If the dhsc cannot provide this info (who knows tbf) in conjunction with 2 labs having no issues, it casts a not insignificant doubt on it being 100% a faulty test.

My personal opinion FWIW knowing the above facts, doing a root cause analysis of failure would be to immediately look to user error before even considering a faulty test.

I'm a scientist, not a lawyer so I don't know what the burden of proof required to decide is, in contract law.

But there is a lot in what I've written previously that would cast serious doubt of it being a faulty test.

Given the propensity of my posts to go missing in action, somebody of influence is reading these posts.

Please copy in case it goes missing again.

As you were

P.