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It might help if they published last years Annual Report. They are nearly six months over the deadline, which can't help when you are trying to market the company to a new buyer or partner.
"As stipulated by Rule 19 of the AIM Rules for Companies the Company is required to publish its audited 2022 Annual Report by 30 June 2023. In light of the above the Company will now not be in a position to publish its 2022 Annual Report before 30 June 2023."
It's easy to imagine that if AVO had positive news to impart they would have done so by now. However, since it is the inept AVO BoD who are running the show, I wouldn't be surprised if an announcement isn't issued until just before 4:30pm on Friday. Just after the Bod realise they are obliged to issue one before the end of the day.
"when it comes to AIM, should the securities of any company be suspended for six months, the securities will be be cancelled from trading unless an extension has been granted." From https://aim-watch.com/
So I guess there'll have to be an announcement one way or the other before the end of the week.
Merry Christmas to all long-suffering AVO shareholders! It seems almost inconceivable that there remains any life in the old dog but we can hope for a miracle.
According to stockopedia, a full Year 2022 Advanced Oncotherapy PLC Earnings Release is due Tuesday, December 26th 2023. I doubt if it'll be before the 27th
Let's hope!!!
I believe we have to have an update next week either 27th, 28th or 29th December which could be the company seeking an extension as after 6 months of a share suspension the company could be delisted...unless an extension is granted.
Like many I remain optimistic that no news is good news and that clearly at this stage all parties involved in a financial re-structuring would have expensed significant legal and admin costs to this point.
Ever hopeful, Happy Christmas all and lets hope we can eventually celebrate with AVO and move into a prosperous New Year
Of an update before years end.
Gla.
It doesn't look good but not untypical of AVO's hapless BoD. They have a track record of poor management decisions going back many years.
I still hope for the best but have effectively removed them from my portfolio.
Yes, but you'd think the receivers would have been called in by now if there was no negotiating going on with a resolution in sight. Still could happen but last news was positive and I'm taking 'no news is good news' at the moment.
Does not present well on the cash front when things like this are happening?
I BELIEVE. DGAS..T for the other companies you mention. We have developed a market leading product. We have a 50 year lease on a double property in Harley Street, fully converted to accomodate LIGHT. We have a 10 mil market cap, so there is a definatley a deal to be done. Once we have found a company to take the reigns and another to actually make the machine on an industrial scale, we are off to the races. NO WAY ARE WE GOING TO BE LIQUIDATED!
Don't worry everyone - I really feel that Santa's on the way with this one. After the mining company being investigated for corruption, the biopharma company that went broke and the lithium miners who can't find lithium, this is the share that's going to turn the portfolio around. Keep believing
Dream on me thinks. I remember getting excited about Harley St being ‘nearly up and running’ back in the day and here we still are….
Surprised a big pharma player hasn’t taken this out, all the hard work and serious expense is done?
Then again it could be 20p by christmas but we would only have one share each, just saying 🤔
20p by which Christmas 🤣 can't see me doubling my money by this Christmas. Doesn't work like that on the AIM market, more likely to lose half of the money🙄
You obviously believe in Father Christmas! 🤣🤣😭😭
I think that we might not even be trading by Christmas but all the same I feel that, in this case, no news might be good news. I hope so. It's just a pity we've got such a hapless BoD.
Just to be trading again @2p by Christmas would be a start!!
First step-resumption of trading…
Then anything is a bonus.
Gla KITDH(kept in the dark holders).
I'm confident... what's the feeling?
True, but there are very few new AIM tech companies that have revolutionary and disruptive technology that have met early time lines to launch. There were a number of technical challenges that were perhaps not envisaged, then unfortunately the events following compounded an already delayed launch.
At the end of the day if the company can conclude it’s re financing to enable first patient treatment and certification in 2024 what ever the share price is on concluding this transaction they will IMO soar. 🤞
I think that blaming Covid or the war in Ukraine for AVO's financial troubles, is a complete cop out.
AVO were promising a working machine many years before Covid, let alone the war in Ukraine It is the failure to deliver a working machine that is the cause of their problems.
Final Result 3rd June 2015
"A number of key milestones in the development of the LIGHT system have also been completed following the close of the financial year in line with expectations. The Company remains on track to install its first unit in Harley Street by the end of 2016 with first patient treatment expected in 2017."
I take a slightly different view, there were some major hurdles the company like may others encountered not least with Covid, supply issues, lock down, Ukraine etc which ultimately delayed this project with significant impacts on cash flow and a large burn rate. Further AIM listed stocks have suffered far more than anything else such as Nasdaq listed companies. It is very easy to look back and in hindsight the company could have taken a different financing course of action, for example when they announced achieving 230 Mev the stock in a risk on market would have soared. However I remain optimistic and have done so ever since share was suspended as ALL the executive and major shareholders have significant stakes in the business. The technology is proven and I just can not see all the major holders letting this go at the 11th hour before treating patients. The good news is no news....this is a complicated financial structure that requires many elements of regulatory procedures and process. The fact we have heard nothing means the deal is still being consumated with both sides incurring significant legal expense and the longer this goes on in my mind the better. As shareholders know the technology is going to be innovative and disruptive in a world desperate for LIGHT. I will be sorry if the company does not succeed not least because I have a very large holding but more loosing this tech and the many lives and especially children this could help. If the company goes bust the IP IMO opinion is almost worthless as the current executives and ADAM are integral to the success and all experts in this field and I doubt any would return if their equity and shareholdings are wiped out. I believe the company has until 30th December before de-listing but even then I understand they could apply for an extension...I am hopeful however that this month we will hear one way or the other. At present I am hoping no news is good news
The Bod have consistently demonstrated a capacity for gross ineptness that makes it unlikely they will succeed in what is an extremely complex attempt to rescue the company. They are too incompetent to have any hope of getting us through this. I'd gambled on LIGHT, on its own, being the factor that would outweigh their incompetence.
I was mistaken
May be wrong but I think they have to come up with something by the year end or delisting is on the cards, so hopefully news soon.
Al