Member Info for WBAFC

What i find so shocking and incredibly so disheartening is the fact that people in top positions go out to miss guide innocent investors with total and utter Bull$It . Graham Mullis with his statement about making Novacyt mid cap , fooled investors out of their money ,and was to pump the price up to reach his LTIP . Now , Lyn Rees with hyper positive comments about strategic growth , but in reality , and the results don't lie , is that the company have not won any major contracts and are losing around £1 million per month . They have around 24 months before they run out of cash and call for a placing . Lyn Rees has been at Yourgene since 2018 and he has not turned this company around and made it into a profitable organization .

I work in a profession where integrity and total honesty is a given and if you not , you would be struck off . I find it so difficult to comprehend how these CEO lie to fool investors out of their money .

My feeling is Pacbio will buy up Novacyt when the cash runs out. We investors and myself will be Fu£king screwed . This is Lyn Rees trajectory. I simply cannot comprehend why on earth James Wakefield and other directors bought a loss making Yourgene.

Absolute disgrace, an absolute disaster for me.

The Lyn Rees's trajectory is heading towards bankruptcy and a placing. But , crucially it keeps him and the directors pocketing huge salaries and bonuses until the cash runs out.

Lyn Rees stop the bul$h1T , who do you think you are kidding . This guy is going to Bankrupt Novacyt.

Very poor company performance since 2021 to now , Share price £13 to 0.40p per share. Losing around £1 million per month . This company had over £150+ million cash in 2020 .

Investors have been decimated by the deceiving Graham Mullis, James Wakefield and now Lyn Rees.

We need to know some important matters.

1. When is this company going to be profit making ?

2. When is this company going to value its shareholders and not treat them like puppets.

3. When are the directors going to put their own money into buying significant shares in this Novacyt.

4. When are we going to win any significant contracts , what is the business strategy/ plan ?

5. Primerdesign was the company that brought in the big huge contracts , what R&D budget does it have ?

6. What are the sales and marketing teams doing to create contracts for Primerdesign and Yourgene.

My investment £660K @average of £5.81 is worth a huge massive loss . I placed a lot of faith and commitment to this company and have been invested since October 2020.

I want to see my money invested returned.

Please Novacyt we want success that's all we want.

Still no directors are buying any shares . There is no close period , this was a fabrication made by Lyn Rees , and someone i do not trust . Does this not tell you something ? The company is not making any profit that is what it tells me !!!!!!!!

No mention of what revenue will be generated by this new product . Pointless RNS if there is no discussion of contract wins or what money this will generate . It seems to me all it is doing is replacing existing old versions of product.

I placed a lot of faith into this company with what Graham Mullis told us in 2020. I feel betrayed, deceived and badly burnt by this director and bad performance by the company . I am 95% down on my investment. Been here since October 2020. These directors are using this company has a lifestyle to pay them £250-£500K per year .

Disgraceful is too kind a word for these deceitful individuals.

To all investors looking to invest here , be careful , these directors are not honest.

Surfie1961 , not really every week . But I am kicking myself and beating myself up with setting eyes on this bloody company and being too trusting on Graham Mullis with his interview that Novacyt are aiming to be a mid cap company. [ This was the interview and the hype he was churning out in October 2020 ] We were deceived and the deception was all related to Graham Mullis making sure he got his 10 million pounds LTIP. He left the share holders burnt to charcoal. I am losing around £610K of my own money in this and its been a dismal hold to be frank. What i am annoyed with is that I am a bloody hard working doctor and never gambled in my life and somehow got sucked into this share . All because of of these directors deceitful actions for their benefits.

Now , we have Lyn Rees , can you trust this guy to turn it around ?

Graham Mullis , Lyn Rees are people that you cannot trust.

Graham Mullis knew about the DHSC dispute and the return of Covid-19 PCR tests from November 2020 ( it was reported in the independent news paper in December 2020 that Novacyt had issues with the DHSC contract ) but Graham Mullis did not inform the market until April 2021 so that that he had received his £10million LTIP. He then walked away in October 2021 destroying share holders . The share price was £12-£8 prior to him crashing the share on 12th April 2021. Since then the share price has crashed to 40p and the company is losing £1 million every month of cash. James Wakefield , is another director that bluffed private investors by buying time for himself and taking huge salaries before jumping ship in 2024. Lyn Rees is going to do the same , he is bluffing his way and picking up the huge salaries then will walk away once the cash is burnt down. Lyn Rees has not proved he is a successful CEO. He was a complete failure at Yourgene and the Stupidity is Novacyt save Yourgene and keep Lyn Rees as CEO.

I have watched my investment disappear by 94% and been invested since 2nd October 2020. Its been an awful traumatic experience investing in this company run by incompetence.

I would not believe or trust Lyn Rees one little ounce of gas that comes out of his mouth. The guy is just in it for the lifestyle . The share price is heading down as the cash is burnt down. He ( Lyn Rees ) has already hinted to a placing in due course . So why would the directors be buying shares in the company knowing its not profit making.

Lets hear from you KilkennyTed , you promote Novacyt on twitter explicitly.

KilkennyTed

What is your strategy with this share , and exit criteria ? Are you a professional investor ? What are your thoughts with the trajectory and long term outcome of this share ?

I am asking as I am not a professional investor far from it.

I know i have lost it , but I stay till the end . Its been a total total disaster. Its a legal way of scamming innocent investors out of money these AIM companies.

The fact is Novacyt will not be winning contract anytime soon as this world is in serious recession and there won't be billions thrown into diagnostic tests . What is it , USA are in 135 trillion $ in debt . Lyn Rees will be trying to reduce costs as much as possible so that the remaining cash in bank lasts as long as possible for the bonuses and salaries to be sustained for directors. Once the cash has gone , Lyn Rees will announce a placing . Lyn Rees will move on after the cash as gone.

That's more expenses and loss added to the £1 million per month.

We need Yourgene to create a product that is going to be revolutionary at Genome level that can be translated into commercial blockbusting, and transforming the company into midcap. The question is , are they doing anything in this genetic field ?

https://m.youtube.com/watch?v=8agSFZqdq_I

That blanked out by LSE is raccisst (exaggerating spelling )

highfin1 = dumbo + a ******.

see his comments about indians and you will realise this guy is simply outright ******

Dinglewolf , since you have asked this question several times now . The answer is no , I am not going to the AGM , simply because I can loose my temper very easily and I am a angry person with how this company has trashed share holders. So best I do not go to AGM. I am in Frankfurt June 18-25 anyway. The fact is Lyn Rees will not give you a direct answer and will bluff around the questions. I have seen his AGMs on YouTube and he is a 'cowboy '

Brentw1, I have only ever invested in one company in AIM and that's this one. I do not intend to put anymore money in any other AIM company again. Novacyt has been a big bloody shock in my life. Its been a disaster. Graham Mullis lied and deceived investors from the start . All he was interested in was his £10million LTIP. You have this new CEO Lyn Rees lies now with his ' cannot buy shares as its closed period for directors. This is incorrect. Why is it close period is the question ito ask ?