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Graham Mullis you sold your shareholders down the gutter for your £10 million LTIP. Merry Christmas fella . My dad has dementia and I really needed this money i put into Novacyt to create value for my family. That money i could have done to help my poor dad now. But you deceiving person you mugged all of us shareholders with your false lies that Novacyt were going to be a mid cap company. Once you got hold of your LTIP , you could not wait to leave Novacyt.

Since 2021 the share price and cash in bank has been decimated.

There has been absolutely no shareholders value in this company.

What has Lyn Rees achieved to improve shareholder value ? This is why he hasn't bought any shares , there is nothing in his business strategy to suggest any big winning contracts. He is just picking up the salaries every year. A total disgrace . The CFO is a muppet and waffles and pretends that they are creating shareholder value. Since 2021 this is not true at all. The facts are there to be seen.

Look at the cash balance of Novacyt and the trend now :

31st December 2019 : £1.6m

31st December 2020 : £91.8m

31st December 2021 : £101.8m

31st December 2022 : £87m

31st December 2023 : £44.1m

31st December 2024 : £30.5m

31st December 2025 : ?£18m

Why oh why did Novacyt board buy this over priced and loss making company , Yourgene. What was the benefit from this ?

KilkennyTed , you would be upset too if you were losing that kind of money. What's wrong with you fella ?

Can you explain to me why Novacyt , Lyn Rees , has sanctioned £10million worth of PCR machines to universities when there is absolutely no commercial spin offs from this. My thinking is that the PCR machines were difficult to sell and would have expired for quality control and that's why they have been donated .

Lyn Rees and the board have not invested one single penny into Novacyt shares because they know there is no progression in this company . They are in it for prestige , and picking up the high salaries and bonuses until the cash runs out and they move on.

I invested £660K into this company in 2020 and was mislead by Graham Mullis with his promise to investors that Novayt would be a mid cap company following the DHSC winning contracts. But all along he manipulated the market as he wanted to pick up his £10 million Long Term Incentive Plan. A total deceiving person.

I am not happy as you can imagine as I have lost £660K of my own savings in this company.

Another week , another month goes by and still no business strategy to improve investor relations and increase share value. Every month close to £1 million is burnt . What the hell is this board doing ?

Rees has dismantled Primerdesign and those key scientists working on projects have jumped ship to Youseq. So what is the strategy for any viral outbreak now by Novacyt ?

Amers , i have only ever invested in Novacyt , my first and last ever investment in any AIM company. I simply do not believe any CEO of a AIM company now . They are all crooks. Look at how Graham Mullis ran once he got hold of the £10 million LTIP and destroyed shareholders who trusted him with their money in the company.

Amers, I would not trust any AIM CEO . Look , at my case . I trusted Graham Mullis , very naively, I was in experienced in AIM . He told shareholders in October 2020 that Novacyt were building into a mid cap company. But all along he was looking after getting his £10 million LTIP and forgot about those shareholders that believed him and needed him to take Novacyt to the next level. He ( Graham Mullis) shafted shareholders well and truly. I had invested a significant portion of my savings into Novacyt (£660K ) which i have lost . That is a huge amount of money. Just imagine how many years it took me to save that money. I trust Graham Mullis but he destroyed people like me into pieces. It set me back in life now .

Kpa1 , I trusted ,very naively that Graham Mullis. If only I knew at the time that these CEOs of AIM companies cannot be trusted. As soon as he got hands to the £10 million LTIP and he was off . He shafted the share holders big time.

Does anyone know when we are likely to get this investor presentation and business strategy ?

Cash in bank :

Dec 24 was £30.5 M

Aug 25 was £22.5 M

£8 Mllion gone in 8 Months .

In 12 months time next year £10 Million will be left from £120 Million+ that Novacyt had in 2021.

Novacyt is losing close to £1 million cash burn per month . This leaves Lyn Rees and fellow directors to continue picking up huge salaries and bonuses for another 23 months before a placing . I would not trust this Lyn Rees with his bluff . Its absolutely appalling how this company had over £110 million in the bank in cash and now has £23 million left . Lyn Rees is a failed CEO .

Not a good RNS and half year 2025 results .

Exactly, what novel biosensor ?

Frederik , delisting means what for investors exactly ? How do we sell the shares then ?

Neilrich, I hope , I pray , we do not get a placing down the line . I know from my inexperience in AIM and naivity that i have messed up by investing in this company and am kicking myself everyday. Its around 4 years of my working life that have invested in this company..... that's 4 years lost ....

I really hope and pray this company starts winning some big contracts.

At next week's presentation , someone needs to challenge the CEO about exactly what his intentions are with creating investor value and that we will not get a placing . Lyn Rees is driving this company into bankruptcy with a loss of £1 m per month.

Why did Novacyt buy Yourgene ? did James Wakefield and fellow Novacyt directors at the time get a back handed cash bonus for the acquisition?

Cash will run out in 23 months . And Lyn Rees will want a placing to continue with paying himself huge salaries thereafter.

Total Disaster for me with this investment.

From £12 / share ( January 2021) to 0.35p / share

That is a gigantic drop and reflection of how badly these directors are performing in the company. All they are doing is taking salaries and running down the cash.

It is a company that is a total disaster for investors.

Why on earth did Novacyt acquire Yourgene, I simply do not get it . Its a company that is loss making and run by a incompetent CEO ( Lyn Rees)

Since April 2021 there has been absolutely no growth in share value. The CEO , CFO and CSO have not put any of their money in share purchasing. The CEO presentations are totally there to bluff investors . Lyn Rees is basically taking the salary and sticking two fingers up with any shareholder value...

Why the sell off today ? is there something we should know ?