Premaitha Share Discussion Threads

[thebigchap] 30/9/2018 14:38

i do apologise toyin..profusely! did i gave you the impression i wanted to have a conversation with you?

[thebigchap] 30/9/2018 14:27

ikea dave..someone has written a blog? oo oo who is it who is it?

haha this is too funny😂ԅ14;😂

[thebigchap] 30/9/2018 14:25

hahaha really toyin? like really really? you want to place the ethics card in defense of TW?

[michaelmouse] 30/9/2018 14:21

alf - Illumina have pretty much killed them with the court case. The other bit about cash flow timing is pure nonsense.

Finally, a couple of other thoughts.

NIPT have stated that they'll need far more cash than the £2.5m that they hope to raise to survive, and within 12 months. That begs the question why haven't they done it already? They have had 6 months to work out how much cash will be needed.

Is it because they think £2.5m is about all they could manage to muster and that it will temporarily just about keep the lights on?

Given the debtors, creditors and potential new clients are now aware of their awful financial situation, how many will be prepared to take a risk and do business or further business with them when they could go bust?

It can be a vicious downward spiral from here I'm afraid.

Aimho of course. Have a good weekend.

[ikeadave] 30/9/2018 14:08

Ooo ooo ... please read my blog ... please PLEASE ....

[ikeadave] 30/9/2018 14:08

Ooo ooo ... please read my blog ... please PLEASE ....

[captain_kurt] 30/9/2018 14:07

Who's for a short squeeze on Monday? lol

[alftupper] 30/9/2018 13:27

The money to pay Illumina is to purchase instruments which ultimately will be placed or sold so it a cash flow timing difference. If Illumina wanted to kill NIPT they could have done it a long time ago

[toyin] 30/9/2018 13:20

It's a subscription service so its copyright theft.

[thebigchap] 30/9/2018 13:18

toyin how exactly is it theft?

[michaelmouse] 30/9/2018 13:01

Possibly the funniest load of old tosh I've ever read on these BBs. Desperate stuff I'm afraid. What is it that you don't get about a company with £12m debt, very little cash left and no-where near break-even releasing their news after hours on Friday (the last day before trading in NIPT's shares was suspended)? They've had 6 months to put those figures together, and identify their cash requirements. Growth from the last 6 months to the latest 6 months is £200,000 in revenues, you have no idea what's happened to costs in the period either. I suspect since the cashflow and losses for the 6 month period ending this month are not mentioned then they have probably deteriorated even further.

BTW I should have mentioned in my blog post that the cash raise of £2.5m has principally been undertaken to pay Illumina. The cash has almost certainly been spent before it's been raised. Without this cash immediately they're as dead as a dodo:-



"The net proceeds will be used to finance the settlement with Illumina and general working capital requirements."

The only investors that will support NIPT will be those already up to their neck in it. Imo you'd be stark raving mad to go anywhere near this company unless you're already invested, and even then if you're a small holder you're almost certainly better heading for the exit if an opportunity presents itself.

As I said in my blog yesterday, the company is "bust" unless it raises substantial amounts of cash beyond the £2.5m emergency bailout. You'll have to hope that wealthy existing investors have got very deep pockets indeed. Here's the actual scary figures again:-



Incidentally, has it crossed your minds that Illumina may be just squeezing the pips out of this company, awaiting the collapse and will then pick over the bones for zero cost when the company goes under? After all they won the court case so why would they do any favours or lucrative deals? It wouldn't make sense would it?

As ever, AIMHO, and these are just my thoughts correct or otherwise.

[toyin] 30/9/2018 12:52

thebigchap

How can theft be appreciated?

[alftupper] 30/9/2018 11:46

The negativity on this has been overdone. The company clearly was in a bind with its auditors in light of the Illumina deal. Auditors are under huge regulatory pressure and this manifests itself in an over-cautious approach to working capital forecasts - they are looking for higher levels of evidence re future cash flows - Illumina is a known commitment in terms of equipment purchase and the Company would have no evidence to demonstrate that they could sell them - that would not be possible in the timescale between Tuesday and Friday. The only hard evidence an auditor would accept is evidence of cash to cover that commitment and the accelerated book build achieves that. As the placing is done at 10p without recourse to the flippers then hopefully we have a floor to the price. The Board have committed to this round including the new CEO - the new team appear to have a harder commercial focus and the settlement with Illumina is a huge advantage going forward - there is significant upside from here.

[ikeadave] 30/9/2018 11:38

Maybe TW won’t mind this time if it gives the bucket shops a firmer kick in the nuts?

[thebigchap] 30/9/2018 10:52

well done twix...appretiated bud

[pj 1] 30/9/2018 09:54

I'd remove that twix.

[toyin] 30/9/2018 09:32

twix386, you do know that is subscription only material.

[captain_kurt] 29/9/2018 20:40

Nice and well done to AR for taking control of the situation.

[mhin2] 29/9/2018 18:08

5th June 2018
"Premaitha, through its Yourgene subsidiary (“Yourgene”), has entered into a partnership with one of India’s leading diagnostic groups, to offer mass-population NIPT screening to their clinical network reaching over 2,000 cities and towns across India..... The NIPT solution has been developed to enable lower cost NIPT testing to be applied on a broader population than has been possible to date. The Partner’s NIPT service is expected to be fully operational by Q4 2018 and is anticipated to draw significant sample volumes from all over India."

Just hope that the Indian market takes to the test- the NHS use will be a tremendous help.

[ramas] 29/9/2018 16:34

Ok out on a limb ... reckons this will do a vrs post placing and move higher , maybe not as high as vrs of course , the puzzle pieces are in place now