RE: Another new appointment....29 Oct 2021 06:36
@WBAFC
I thought your post 21.54 was bang out of order. Frankly shocked that you are turning on @Kaeren who is possibly the Top and most well researched Novacyt Investor on this forum. You owe her an apology frankly. Shame on you.
You are just hurting because the share price is where it is now but no need to vent that on fellow investors that are also out of pocket and sticking with their investment until it recovers.
You are both passengers on the same ship, forget where it’s been, its where its going next from here that counts now. The Novacyt story is well from over.
Face the facts here: -
A number of us backed this business, many carrying out our own DD and research. I feel I’m qualified to comment having fully researched this company myself, lived and breathed it, yet still lost just over £160k here.
If anyone is to blame, it’s GM. At very best he has been possibly economical with the truth and at worst just plain lied to secure his LTIP bonus. No amount of good research could identify that. There has been material information here kept from us. This is the reality.
For those in the know, that information enabled nice timely exits for certain individuals but worse than that, what I personally can never forgive is that it facilitated vulture shorting syndicates to get in and compound the situation at the expense of retail investors.
Further, imo his actions at the EGM illustrated his lack of professionalism. At some stage in our career, we have all been there where we have had to congratulate someone through gritted teeth, but you just get on with it. It totally confirmed my suspicion that he was asked to go rather than him wanting to retire. Anyhow, the past is the past.
For what its worth, shareholders have a fighting chance for 2022 with David at the helm. Big Changes are afoot. Look how the new team is shaping up, GM out, Tony Out, hate to say it but the appointment of Anne has probably sealed Mandy’s fate but whatever the case it’s starting to look materially better: -
https://novacyt.com/executive-management/
Let’s see what David’s next move is, see what options and grants he gets awarded and go from there. IMO the business is getting prepared for scale in 22
GLA