The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Richob that's a measured counter argument, thank you.
For me, this just seemed all too familiar. A share allowed to be ramped for all in-the-know to then have the best part of a week to offload and drive the price down - looking like simple tree shakes to begin with. Naive and nervous PIs get caught out and get burnt. Perhaps after years of investing and getting burned myself my empathy gets the better of me - but I just feel this could have been handled differently.
I'm still invested, just not to the levels I was previously. I'm almost certain I'll make a lot more money off this share, but I can't shake that sour taste in my mouth that today brought.
Good luck to all, and remember that humility is your greatest asset.
Dodgy? You will now appear as another green box.
All The best.
I took it that placings weren't required for current activities rather than that placings would never be required again. It would be difficult if not impossible for any AIM company not to raise capital and even Danaher raised capital recently and they are a multi billion dollar global company.
Seems to me and happy to be wrong, that increased production of Affimer reagents through increased staffing is a very positive thing.
Can't recall many (or even any) companies that have managed to raise twice their current value through institutional placings but happy to be corrected.
There was a similar reaction when the so called "boohoo boys" we're given individual distribution rights to the C19 test and yet that is now seen as a potential master stroke given their previously proven internet capabilities in person to person sales.
The company now has sufficient monies to:
Progress C19 production as required
Take more than one cancer treatment through clinical trials
Advance Affimer technology and production
Each to our own view and all the best in what you decide to do.
Foxo - We were told categorically that the placings were done. If AS had come out in an RNS/interview and mentioned that, despite saying this, new things had come to light and they may need to raise further funds then those who were well researched would have been forwarned.
He didn't, and then the markets were given adequate warning to drop the SP and make millions off the back of fleeing PIs who simply could not afford to take a risk of it dropping further.
I've been around the block with regard to investing and I've been on the receiving end of such things in the past. It just doesn't sit well with me.
The governance of the company is awful, they're dodgy but we just have invest in them & hope we're out if worse comes to light
Balls to the wall, in response and posted earlier I say this to you......
I dont understand how you can lose trust in the management when they have just secured the future of the company?
Things change and an opportunity to secure and progress the company faster at this point is amazing news, well over subscribed, raised £45M in 2 hours, does that not say something to you?
This has the potential to be mind blowing, they have done this before any big news released to maximise share holder value also, I really dont understand why people cant see this as nothing but exceptional news and management.
Created a new solid base for the company at 120, the leaky leak over the last 2 days is nothing to do with Avacta. Future is bright and looking forward to the next few weeks/months
It seems the fact that this share was insider traded over the past week, down to the placing value, has now been forgotten by most. This push down was made to look like ever-more-aggressive tree shakes up until yesterday where some more experiences investors started to question the significant drop in SP.
The company has shown its true colours. Of course there's still money to be made, of course their is - but AVCT isn't the same company it was a fortnight ago.
This was all done to stick it to private investors, like ourselves. The more experienced held their nerve, bought the spikes and sold the dips, but plenty of other investors will have been stung hard. It's a shame, but such is the stock market.
However, to come onto a board and see people actively mocking and jeering those "newbies" who have been burned is fairly abhorrent. We're all here to make a profit - whether £300 or £30m, it's signifcant to every one of us.
I'd wager every single one of us on these boards is a lot closer financially to being penniless than we are to being billionaires. Some on here would do well to remember that.