The Times has got hold of papers relating to the £134.6 million breach of contract claim made by the Government against Novacyt (NCYT), we reported here back in April, and this really looks as if it could bankrupt the company, currently sitting on c£90 million of cash. It also begs even more questions for ex CEO Graham Mullis who, if the Government is correct should be in jail for a £9 million bezzle not running Aquis listed Love Hemp (LIFE).
As folks guzzled on the covid testing hype, one man grew very rich. Graham Mullis was CEO of Novacyt (NCYT), a nothing biotech perennial dog, which just happened to have a test. Mullis was to be awarded a cash bonus, the size of which was dependent on the share price as of October 17 2020.