@tom_the_bomb__ I think it is worth everyone remembering that you have consistently talked ramptastic bollux about Avacta over the last few years, Tom.
@Riccardino999 Nice positive post Mr Rhino. Only £30-50 mill over 2 years. Ideal. The investment case just got more bullish. Why the change of heart from you. You have only ever talked negatively about this company.
@BobDibble8 -30% is obviously more likley. These kind of dumb questions are designed to get the high fives, the yee ha's and the back slapping rolling amonst the ramp brigade.
@tom_the_bomb__ Sure. A fresh set of mugs to pay for BOD's mortgages and vacations. What price and how much dilution do you think they'll be going for this time Tom?
@coughlin582@ClaysBakery Long suffering shareholders can only dream one day the BD team will also get their own cake to celebrate the first deal. Celebrating your "success" while your owners lose £millions leaves a bitter taste.
@Chrisjo35828676 Wow Chris. Good you are letting the anger & frustration over your huge paper loss out. While the big red minus number sits in your account the staff & board of Avacta are living the high life with your money. They keep you on the hook with jam tomoz promises & no revenue. GL
@Jenkoool It really isn't. "Multiple conversations". Yep Always. And always multiple zero positive returns from them. Mothballing AVA6000 is the biggest red flag here. The tone is awful. Highly expect an already disinterested market to turn more backs on Avacta after this.
@TVR5AVCT Avacta have "been in discussions" for 5 years and never struck a deal. It is a carot dangling trick to keep the fundraises coming and to keep paying undeserved wages to people who have no ability of turning their "science project" into a commercial success.
@tom_the_bomb__@asininitybeyond Really? Well then maybe they should have put that to a shareholder vote? Just when I think you are starting to become more realistic about this company Tom, you go and make yet another idiotic comment.
@Jenkoool The tone of the presentation and the timing of Esmo points towards an orchestrated sentiment/SP drive ahead of a raise in November to me. Not a bad thing at all. £13m needed by mid Jan. Get that away at around 70-80p in November - retain 100% of everything. Good result.
@AM231982 It doesn't "confirm" it at all. It is in the plan. No funding and it's all over. The Avacta Doomsday clock is ticking now. RH a last minute effort to convince Auditors they can stay alive for 12 months. Time to deliver or the only ones selling Precision will be the Administrators
@SeanDentBsc@PJ_Crabb@neutronicLSE@Tom_The_Bomb__@avacta@coughlin582 Who's shafting Avacta? It has always been in the hands of the Avacta board. They are woefully incapable of selling to partners or investors. Why is this going to change now? Collecting huge wages while shareholders lose £millions.
@ScottLilley19@ElkHunter78 In around 9 months Avacta will run out of cash and into administration. No time for a deal to save that since the "data" required comes late in H2 (IF they are on time - which they NEVER are). Nasdaq, deal, not happening within 9 months. Raise & more can-kicking coming. No doubts
@ScottLilley19@ElkHunter78 Nonsense. They showed timelines for the science which extend well beyond their capability to fund them. They are not separate. Without more cash the science CANNOT progress. Allowing investors to assume the cash will just come, isn't good enough. The SP proves it every day.
@MylesMcNulty @penultimategoal @LordBadshot Appreciate the post Myles, although confused. What has happened this week (or recently) for you to "dramatically" change your view of a fund raise or of the CLN being paid in cash from here on in?