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Hi Andy,
Are you guys/group still working on a case? I would be very interested in joining, but I don't know how to contact you.
Thanks,
Danny.
Thank you Andy. I sold all at considerable loss. At least I can balance against CGT gains elsewhere. I wish you and others well in your endeavours
Paris, France, Eastleigh and Manchester, UK – 21 December 2023 – Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international molecular diagnostics company with a broad portfolio of integrated technologies and services, announces an update to the conditional disposal of its laboratory in Taiwan, which it acquired as part of the Yourgene Health plc (“Yourgene”) acquisition completed on 8 September 2023.
On 13 June 2023, Yourgene announced the conditional divestment of its Taiwanese subsidiary, Yourgene Health Taiwan Co Ltd (“Yourgene Health Taiwan”), to INEX Innovate Pte Ltd (“INEX”), a Singapore-based molecular diagnostics company focused on women’s and fetal health, for proceeds of up to US$4m (approximately £3.2m).
As previously announced, the divestment is conditional upon Yourgene completing a pre-Closing restructure (the “Restructure”) to facilitate the transfer of retained people and assets to other Group companies, which must be approved by the Taiwanese Government, and INEX then being granted Taiwanese Government approval for the planned acquisition as required for non-Taiwanese acquirers. The Restructure is now complete, however the various approvals have taken significantly longer to achieve than originally anticipated and management do not expect the transaction to complete by the end of 2023 as previously announced.
Both parties remain committed to completing the transaction and the Group is continuing to work with INEX to obtain the necessary approvals as quickly as possible. Novacyt will provide a further update on the disposal as part of its trading update in January 2024.
It would help if people gave Andy the information he needs for starters!
Twix, not twid..lol
I have been contacted by a number of you in recent weeks to ask whether the action is still progressing,with some requests more polite than others. I was disappointed that none of these emails offered any assistance with our efforts, which I had previously requested, and instead some of them seemed to almost treat me as someone working for them with a tone that is not becoming of anyone that I wish to partner with and certainly not anyone I would wish to assist.
Just to clarify I am working with a couple of people to move this along, all of us have full time jobs and in many cases have far less to gain from a successful action that most of you. We are working with a law firm who to date has not charged for their time as we have not yet managed to secure funding to cover their services so we are having to be accommodating to their other clients, which can result in delays.
I encourage all of you to get involved and help move this along and to this end, in the next few days, I will share a document outlining some key points on our case. I invite all of those on here to contribute by adding detail to make the arguments for our case. This is something that has been requested by our lawyers and a chance for us to come together and pool our resources and expertise.
Other things that would assist in our efforts:
- Some of you have still not provided the size of your holdings, the higher the level we can raise the more chance we can get funding or at least some assistance with the case. If you have not already done so we need the level of shareholding that you had at the time the placing was announced on the 21st December
- A number of you have specified that you do not want your details to be shared with other investors, this makes it extremely difficult to interact and results in several separate email chains that takes more effort to maintain and increases the chance of messages being missed. Many of you seem to be using false names/burner email addresses anyway so I fail to see why we can't find a better way to communicate. We now have over 30 investors who have expressed an interest in pursuing a case, setting up a group would make it easier to provide the updates that many of you have asked for and to aid in the sharing of ideas. Happy to look at twitter groups,whatsapp or any other medium.
-:Identify any other shareholders who held shares on the 21 December, especially those with major holdings and get them to join our cause
It is unfortunate that I have not been able to be more positive in this message but am hopeful that a good level of engagement on the drafting of the document will allow us to move forward in a much more effective manner and set the tone for the rest of this action.
Andrew
Twid, did you not get the latest email from Andy regarding progress?
I think Andrew Kennedy was as effective in this regard as Rees was at running a company.
Hmmmm think I'll pass.
I'm assuming Andrew Kennedy's efforts have ground to a stop. I wasn't optimistic on chances of success but seems to have aborted before the starting gun got loaded.
For those of u who got a bloodied nose in this stock(me included) you may want to look at a company with the ticker HAYD. A lot of similarities leading up to the retail offer,bookbuild etc with the defunct YGEN. Please DYOR not a recommendation!!
https://www.bookbuild.live/deals/2L7WJQ/authorised-intermediaries
Just checked and mine is in my Halifax and Iweb. What's left of it! Lyn you WA NK ER.
Got mine friday.
Just told my broker deadline was Friday and if they kept my cash over weekend I would claim loss of interest.
So hopefully anyone waiting should get it today as it's done and dusted.
Andy Kennedy seems rather a slow burn. Hopefully get some real progress news soon even though I remain sceptical of the only game in town left
When do we get paid?
I'm still waiting!!
Isn’t it payout day today?
I was selling at 16p but have sympathy for anyone buying there.
Cuckoo Cuckoo
This has hit all shareholders and here's hoping Andrew Kennedy can prove to a courts satisfaction - I remain highly doubtful bit worth a shot.
Cuckoo has usually departed by now. Lost too much money @16p to be able to afford the cost .
Cuckoo Cuckoo
And who the hell are you! An alias NUT. lol
I may have been surprised as we ALL were at developments here but read my concerns over the years. Nobody expected such massive ineptitude but at least I raised concerns that were valid versus the crowd here. My mistake was believing it would not be terminal for us and there I simply joined EVERYONE else in being wrong.
More should contact Andrew Kennedy for the small chance it represents. Perhaps you could educate us on why my view it's only a very small chance is wrong? I can't wait lol
Frankly , twix your opinion doesn't really count for much , if anything these days !
It's called credibility .
*well
We'll, he does have form for telling big porkies!
Agree davand and why I signed up, no matter how unlikely I believe a win to be.
Always worth a try, even if it is slim.
I agree davand. No doubt morally bankrupt. Where's the smoking gun of proof worthy of winning in court.
At any given date he will say either that was his sincere belief or data ( his knowledge of it ) supported his comment...try PROVING otherwise.
There will be answers, denials, insufficient legal proof and stories spun to cast doubt or apply sufficient reason for all of it. Have you tried holding someone to account legally and meeting the high bar of proving it to win. The burden of prove is on us. Imv less than a 1% chance, but I hope I'm wrong and it's certainly worth a try and we all agree would be well deserved.
P.s. as I see it his b/e being the buyout price has no provable legal ramifications more than looking suspect....so what! We need to prove intent and malfeasance not just that it looks fishy.
Misleading the market is a good start. Outright lies some would call it. Don't you remember the beginning of the pandemic when he told us things were ok? Yeah right! Do you think it's a coincidence that his b/e figure was exactly the buyout price ? Just saying.