Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
E_AL
A legal dispute IS a war, but one played out in courts rather than battlegrounds. However, I agree with you that if Abbott wants us enough, they will take us with or without legal disputes, but perhaps at a lower price?
It's all speculation though and we can speculate many things as has been the case on this board for months due to lack of information, but no-one speculated the recent events.
It brings to mind an old Benny Hill sketch where he said "Don't assume because when you assume you make an ass out of you and me 'ass-u-me'! "
Still makes me laugh.
VanV,
I had no idea. Now I see what you mean. I didn't know you two had a history.
He came across as sincere here though.
To be honest, I find the rampers here more dangerous. Did you see Diamond Horse's latest post thanking the rampers here. This is the second time that he's thanked them. You can see why and how it works, I'm sure;
https://twitter.com/Diamond_Horse_0?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
VanV,
I forgot to answer your questions.
Tbh, I don't think we'll get a big contract from the US. Our main USP now is the identification of variants and I recently read that the Biden gov. has just given a huge grant to a US company to produce such a test. I can't remember the name but I can find out, if you're interested. Also, they are already using PCR - I posted the huge amounts that they were spending daily but no-one here said that these were ours and I think it would have been announced by GM if they were. Of course, no-one can be certain.
ROW - who knows?
But, even with these, I fear that no matter how well the company does, GM is our biggest deramper. I think you've seen here that I'm not alone in this observation. The company may go far. The IIs may do well. But, where the sp will end up is anyone's guess.
All IMO
VanV,
Thank you for clarifying your use of the word inevitable. I think you'll see from the many upticks of my 2 posts (which is very unusual as you know!) that other people might have misunderstood too.
It's the first post here to Skier1 which sounded mocking:
"skier1 (18:11) - Maybe it's another lifestyle company whose CEO is in the forest! #KissMyKimberlitePipe"
which sounded a little inappropriate to his somewhat anxious one. I did say in my first post to you that "I apologise in advance" if I misunderstand you. I still don't understand it but believe you when you say that you didn't mean any offence.
I appreciate your taking the time to read my posts and as ever, happy that we can converse like two adults, and reach an amicable conclusion.
All the best,
SC
I agree with you too L&L!
I think some companies might have wanted an M&A with us. GM said as much but said that he was not interested - at least, that's what I read on this board. Of course, one should never take postings here seriously unless evidence is produced.
However, I also agree that although BR might have helped to bring down the sp for a commission, GM has brought the sp down all by himself much more.
I also agree with you that a TO is very unlikely at this stage because on the whole, people don't want to take over a company which is mired in a legal dispute with the UK gov.
troublesome,
This was a private conversation between me and VanV. I have zero interest in your opinion on the matter.
Shouldn't you have filtered me on your orders from above? The sooner you do this, the happier we'll both be.
I agree with all of you!
VanV,
I'm afraid your post was not very reassuring. It sounded mocking - which is why I asked you to explain it.
I also feel that any reassuring posts about 'the company', at this moment in time, will sound like ramping, even from you. It may sooth those who are in profit but not as much as before. But, it won't sooth anyone who sold in panic at a great loss but still here reading our posts, or those who are in the red and getting deeper into the red daily.
We certainly don't give a damn what the company's growth strategy is because we don't believe a word that GM says.
Sometimes, people just need to be heard, understood and shown a little empathy. Ideally, we want you to be angry on our behalf, even if you personally are not suffering. I hope that you can put yourself in our shoes and do that. If you can't, then saying nothing and up-ticking the posts of those who feel this way is a poor but acceptable second option. All IMO.
shareinterested,
I totally agree with you. Your last point about the pandemic being the main cause of the company's success was made by another poster here yesterday or the day before. People twisted his words and ran him off the board. I do hope they don't run you off and that the other gentleman/lady will take courage from your words and post again.
Lloydyboy,
Tell Gazman to add that to your earlier posting. I'm sure it'll stop his followers from abusing him in no time at all.
VanV,
Firstly, it was absolutely impossible for many people to believe that such a movement was 'inevitable'. We've all been here since the decline from £9 when GM gave his press interview on 29/1/21.
But, we had every right to believe that the 2020 draft accounts (announced in the said press conference) were legitimate - but it's taken until now for us to find out that they now need to be restated. This was certainly not 'inevitable'.
Added to that, you know perfectly well all the dangers of repeated an unending ramping given by a group who may or may not be 20 in number but who post here from daybreak till middle of the night and force everyone (even you) off the board if the said person does not agree with their every word to such an extent that even someone like you, who has been here forever and a very respected figure, declared that you would "never again post anything informative".
You and I may have been aware of the danger of these people but most others weren't.
Thirdly, there's a huge difference between a trickle of continuous losses from Jan to now but to lose more than 42% in 2 working days is a whole different ballgame.
Fourthly, whilst some of us were expecting the loss of the DHSC contract, most weren't because of 3 above.
Additionally, no-one suspected that we would lose our biggest customer by going on a war path with them.
Finally, to see that BR (and perhaps other IIs) knew about this and to now understand why they were selling, before we could, is the insult to injury which many admirers of GM took quite heavily.
So, no sir. I don't agree with your assessment of this calamity being 'inevitable'. I have certainly NEVER heard of such a thing in the business world with a company of this size - and I read absolutely everything. Who do you think we are? Pfizer?
If this was inevitable, no-one would have bought this share at £3 and above.
Even in the very unlikely case that it was, making jokes at this stage with the way most people are feeling, is in bad taste to say the least. All IMO.
Lloydyboy,
Perhaps you should suggest that response to Gazman123 to pass on to his Twitter followers. I'm sure it would go down really well, and do wonders for his reputation as well as Novacyt's.
VanV,
That may be so but for people seeing their hard-earned savings go down the drain, I'm afraid that all that is secondary now.
It's all very well for the rich and those still in profits not to understand that, and to gloat here about how much more they have bought from people selling in desperation. I actually don't believe most of them but some people do.
Either way I expected more empathy from you. It's bad enough being treated so flippantly by someone we put our trust in to treat us a shabbily as GM has, but for others (in profit) to make a joke of our predicament is shameful. All IMO.
Adam_
Did you not see Gazman123's post of 18:16 where he says:
"It has got to the point where any message / tweet is being met with a whole host of abuse. It is very difficult to tell NCYT's reach on social media but I would argue that any positive effect is now being neutralised by the negativity. So whether GM wants to or not he will have to start interacting with investors (either via RNS's or interviews etc) otherwise things will only get worse."
He seems to have had a very different experience. I'm not on Twitter so whom should we believe?
VanV,
Would you mind explaining what that means? I know you're not sitting on a loss but it's not like you to be so flippant, unless I'm being completely dense, in which case, I apologise in advance.
Oriens1,
Thank you for your supportive post. I will.
JRDC,
I had to laugh at your last suggestion :) I can't possibly condone bribery but it does happen ALL THE TIME when it comes to gov. contracts. Occasionally we here about the scandals, but mostly, we don't.
I totally agree with the rest of what you said though. I was thinking today that GM is probably not used to a company this size and with such high profile. I'm guessing that he's been overwhelmed with the growth. This is my generous assumption.
But, how is it that he didn't take advice from more experienced people? Where's the Chairman in all this? Most companies of this size have a Chairman who is responsible for corporate governance. Some companies choose not to have one, as it's not a 'legal' requirement but these are very much frowned upon by auditors who see this as too much power in the hand of one person with negative implications.
I feel very much that he has neglected his fiduciary duty towards private shareholders and as such, the shareholders may have a legal case here, especially as the conflict must have been known to him (and IIs) since January, even if he hadn't yet decided to sue the UK gov.
I know one person on this board mentioned class action and that's certainly a possibility. I'm going to look into this when I have time (possibly next weekend) but it would be good for a corporate lawyer to give his opinion, if at all possible. I'll see if I can get hold of an old friend, who's a very experienced barrister in this field.
All IMO
Ventura,
Sorry, I left the most important part of your questions out. The point of the EGM would be for us to :
- first, get all the details, and
- then make a decision on GM's proposal to go ahead with a legal dispute.
Ventura ,
I certainly wouldn't but I read quite a few posts where people said he's doing the right thing not being a 'push-over'. I think that's crazy but the point is, we'd all have a say. If the majority said 'NO' to legal dispute, those who think that this would make us 'weak', could sell. If the majority said 'YES' to legal dispute, the others could sell. The important thing is that either way, those who would decide to sell, could do so before it hit every media outlet.
Gazman123,
People's anger, in this case, comes from a feeling of helplessness. Usually, with this kind of huge news (which has causes a shock to the system and drop in the sp of more than 42%) most companies would call for an EGM. I can't imagine a more compelling situation that would require one.
Better still, it would have been excellent if the EGM had taken place BEFORE a decision had been made with regard to whether to pursue a legal dispute. WE are part owners of the company. It's true that we have entrusted the day to day running of the company to GM but he is, after all, playing with our money (for some people, their life savings). If a rights issue is decided within an EGM because it dilutes shareholdings, how much more important is this?
I'm sure that if GM had put his case forward to shareholders about pursuing a legal dispute with our biggest client, many here would have supported him, as we have heard from them quite a lot. Others, like me, would not have supported this but would have an opportunity to sell at a reasonable price.
I am certain that BR knew about this a long time ago, since 12/1/21 at the latest (when they first reduced their holding). It was unfair that we didn't get the same information that they had, and the opportunity to sell at the same price. Hence, the anger and the huge fall in sp, which could have much been less if we could have been party to the decision-making.
All IMO.
I'd be interested in yours, since you've had to deal with the abuse (I for one, know very well how that feels).