I came across EVO in the spring and felt I had missed the boat so didn't invest, instead I watched the SP and read the board every so often. I had not been back for a few weeks and was horrified when I saw the price today ... I read all the posts since mid September to try and figure out what happened and how investors reacted and fared. This has reinforced my beliefs that 1. investing in AIM is a VERY risky business 2. many who post "strong buys" contributions on AIM LSE boards are (sometimes blind) hopefuls but not always best informed 3. nothing in AIM is ever guaranteed - a good product doesn't always make for a profitable company. I am invested in a few AIM stock (VAL/GKP/SAR/APC/PPS/TRX ...) with mixed success but 1. I would never put out broad statements of "cast iron guarantees" a share price is about to go into orbit 2. I never invest more than I can afford to lose 3. as soon a profit reaches 40%, I top slice and only keep "free shares". VAL is another share which has been so hyped on LSE in the last few months with constant postings of "imminent massive upside" throughout the spring. I tried to put out a couple of posts calling for caution in particular to try and save a few newbies from investing their life savings blindly on the hearsay of a few enthusiasts promising instant massive gains but I was portrayed a pessimist/de-ramper/kill joy who didn't know what I was talking about ... Remember AIM is very risky and I expect there are way more shareholders who lose money on these companies than shareholders who pay their mortgage off with the profits. GLA
that makes me think it's NOT over yet is : If the board believed it was over, then they would not worry about the share price, and react so speedily today ! they became aware of the "nose dive" in the sp. This concerned them enough to put out a hasty RNS ! As I said, if it was game over then they would have reacted differently than they did today ! i.e. Less speed My thoughts are that they do not want the sp to fall, maybe because it is relevant to the deal they are attempting to close. I am not saying it's roses, it is clearly "last chance saloon", However a deal must be possible, otherwise they would not have said so ! all the very best to everyone ! - JAN
That the board have reacted to information posted here and sent out an RNS to explain the situation.
A few lines to highlight the level of individuals we have invested in here;
I have spoken with Gwyn on 2 occasions up until June 13, at which point I questioned our financials. Gwyn informed me then, from my notes written at the time;
"We have no plans to raise money in the near future"
I questioned whether Gwyn was confident about Evocutis in the short to medium term;
"I would not be the CEO if I wasn't"
Gwyn has hidden from the shareholders without question. When we have communicated he has projected confidence and been bullish. I will allow you to decide whether he has been wholly incompetent and whether he indeed should have been looking at financing options in the summer.
Tom is another kettle of fish and has been contactable and I have had voice messages and a call with him.
On one such VM Tom empathised with my anxieties about the lack of information and said "Please bear with us, we are not terribly far away" again I quote.
This VM gave my parents the confidence to invest after listening to this, I quote my Mother, "he sounds like a nice man, and you invest in good people". I will allow people to decide whether her investment at 3.1p was a good decision or not for a retire OAP.
I know Tom has contacted other members to highlight that he is still holding all his shares. This sticks in my throat slightly as members at this point were sitting on large losses, that are now larger and Tom, no doubt a very affluent man, could be deemed to encouraging shareholder to hold on for better days. Those that did are a further 60% down on today's price. Writing off capital losses is not an option for everyone...
The staff I have spoken with have been ill informed, poorly treated and ultimately have paid the price.
Perhaps Gwyn shouldn't have been CEO and perhaps Tom is just another retired City Boy playing games, I am unsure. What I know is that this has had a sickening effect on almost everyone involved.
If anyone is unhappy with the above at EVO, you have my number.
Shareholders - wish you all well and I apologies if my misplaced enthusiasm has cost people money. Whilst it may not be of value, I have acted with absolute honesty throughout.
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