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EXMEX , I don't have links , but I would think JM is on huge massive salaries , that salary is there for him to perform , and create investor growth . This share has dropped 95% from its high of £12 to now 60p ( did go down to 0.38p before Yourgene acquisition , which has pushed the SP up by 22p). People like me , admittedly I am an high net worth individual who has invested huge amounts of money into Novacyt and I want to see some returns in my investment. Currently I am 95% down on my investment ! That in anyone's book is shocking and damaging.
Can you trust this stand in CEO ? When he calls out that Novacyt would be £100M revenue organically within 5 years and then within 18 months he laughs it off as non credible. What does this tell you about JM and his master , JW ?
This tells me that JM is a joke and someone just passing time picking up his bonuses and stringing investors along.
There is a statement in the article below which is so true
'I was chasing losses which you know you shouldn't do. But when you're in that moment, you do it anyway. '
People , be careful when investing in Novacyt
I saw this article today and it just highlights how easy it is to get trapped / brainwashed and lose money in life when throwing your money on something you think is right .
I am losing £600K of my own money , my savings in Novacyt .
People be careful when investing in AIM companies. It is a huge risk AIM.
https://www.bbc.co.uk/news/uk-england-norfolk-67503468
I think Kaeren those investors who are losing a fortune are naturally going to be very nervous and distraught . Those individuals who have managed to average down significantly in the range of 50p to £2.50p or those that haven't invested huge amounts are going to be relaxed . I am now coming to terms with the fact that i may lose all or significant amount of money ..... its not pleasant what i am going through , just angry with myself of not knowing that AIM is a gamblers fool . If i knew about AIM , there is no way in a million years i would have put £1 in Novacyt .
I think Wilson 63 is completely brainwashed and blinded by the fact he believes Novacyt are going to bring shareholder value . I have been distraught for the last few years with this company with how the SP dropped from £12 to 60p . I am now coming to terms that i may lose all my £660K which is a sickening feeling and feel this has been a major catastrophic event in my life . I have tried a few times to make appointments with the CEO to discuss my prospects of recovering my money only to be told by Mandy that the CEO does not see anyone . I even wrote to David Allmond asking if he could see me or talk to me and give me any guidance as i had invested huge amounts of money in Novacyt , but he was the worst out of everyone as he just blocked me without even any acknowledgment . However Grohman Mullis had the time and courtesy to reply back to me and told me just hold until DHSC clarification .
I have panic attacks just thinking about putting more money into this company knowing that the BOD are absolutely useless , no ambition and no drive to protect shareholder value . The only positive is buying Yourgene which basically saying the BOD don't have any hope with their own products but are relying on Yourgene to bail them out .
Captain , why are people now investing money into Novacyt knowing thee is a possibility of them losing the dispute and they will lose all their money . For me It would be catastrophic if i lose my £660K hard earned money . I have no choice but to hold as the amount is too much to sell up .
HarChris , i was putting money in , to average down when the SP tanked on 9th April 2021 12:30pm , following Graham Mullis's RNS stating contract was in dispute with DHSC . My initial investment was £250K in Novacyt @ £6.50 in October 2020 , then i stupidly put more money in at around £8 , and £10 ( November 2020 - January 2021 ) . But there were huge number of people investing in Novacyt up until April 9th 2021 12:30PM . I am sure they sold out and lost significant money . I have been holding since my initial investment in October 2020 .
Captain , Novacyt were my first ever investment of money in any stock market.... in 2020 I was so sure this company would be mid cap , because of the hype from Graham Mullis . The fact that they won that massive contract in Sep 2020.... who would have know that it was going to be terminated. The fact is Graham Mullis must have know around November 2020 that this contract was in dispute, but the market did not know until January 28th 2021
Captain , the fact is I have sweated night & day , 7 days a week for that money , which I put into Novacyt , because I believed this company would grow into a midcap company and thought my money would be secure ... but 3 years on and we all know now how badly the BOD are performing in protecting share holder value.
I cannot bare to lose my money ( £660K @ £6.10p / share ) because I worked hard for that cash.
The fact is Novacyt BOD have been absolutely appalling. The only decent business they managed to perform from 2021 was acquire Yourgene. Are we expecting any big contracts from Yourgene ? Enough to push the SP to £6.10p ?
HarChris , I want to recover all my money. I have worked really hard for my cash , it was my savings that I invested in Novacyt. All I need is the management team at Novacyt to win some big contracts and get this bloody share passed £6.10p. I am very stubon and looking at what the best options are for me to recover all my cash.
Https://www.bbc.co.uk/news/uk-politics-67736860
Just look how the old boys network work. That's how the conservatives work
I have no choice but to hold until I feel I can reduce my losses. If i get the opportunity to buy let's say at 35p then I will buy to average down to half what my average is currently £6.10p. Currently losing around £600K which is just too much and a pain to bare.
What's worse is the fact that this share is sold on both AIM and French stock market which enables traders and MMs to play this share to the maximum which will screw the genuine LTH . I spoke to someone today who has worked within AIM and its shocking what I have heard . AIM is a gambler's paradise and there is no mercy on those who get sucked into investing in AIM .
Lets get some reality in this .
So many people have lost or are losing money on this share . Those who have invested from £12 to £1 are losing money . And those who have bought shares from £3 upwards have the the prospects of never seeing their money again . Lets bring some reality into the situation . AIM is a total gamblers place and not efficiently regulated stock market . The directors of companies get away with so much that if AIM was regulated properly then they would not get away with things .
My personal opinion is that directors will only buy once the DHSC dispute is favourable. Until the outcome of the Dispute is known I feel the directors will not buy as they don't have certainty of the outcome despite stating they have confidence . In reality corporate words are easier than putting your own money down to back up your words.