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We may well win in Court Handy, but although it's a win for the company if we do succeed, the damage done to the share price and the losses of the long term share holders because of the DHSC action will go nowhere near recouping our losses if the government had honoured the contract in the first place.
Where would the share price be now, with likely other acquisitions already have taken place and who knows maybe we would have been a target ourselves.
Unless we get a positive trading update it is unlikely even if we get a positive result in June that shareholders waiting to bail out quickly will not be able to a sensible price. There will be so many looking to sell and not enough buyers with incentive to buy into us.
Cash in the bank is no incentive if the company continues to deliver poor results.
And a "Merry Xmas" to you too Kaeren, and thanks to all you have mentioned for all the valued posts during the past year.
I've enjoyed reading them all and really haven't been able to add any valued comments, so I've been quiet.
Let's hope 2024 will be the year we are all hoping for.
Have we forgotten that we supplied many of our test throughout Europe, but all anyone mentions is the DHSC ?
I wouldn't think the rest of Europe are testing for Covid any more than we are.
We will find out tomorrow.
Kaeren,
You may recall you asked us to send an email to Mandy reference promoting our spit test with Boots etc.
Well surprise surprise I didn't receive a reply.
So I emailed again telling her how ignorant the company is to ignore the LTH's.
I got a reply : "Rest assured our commercial team will be exploring all avenues available to sell our products".
Really think we should forget posting about variants of covid.
It serves no point and let's face it we shouldn't be wishing for covid to rear it's ugly head any more do we ?
Https://ukinvestormagazine.co.uk/novacyt-yourgene-five-top-ftse-picks-for-the-next-biotech-merger/
Many have agreed with you CS with regards to getting out if the DHSC dispute judges in our favour.
However if everyone rushes to do the same this will have a very detrimental effect on the SP and who knows where the price will settle.