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I’d love to engage you Intrepid but just sitting down for dinner and my son-in-law is cooking. Far more interesting. Thou dost protest too much though!
Hi TripHop.
Hey, I don’t think I’ve ever been ‘reported’ before; that’s very exciting. What happens now?
As for your allegation that I have ‘pushed’ NCYT; all I have done is inform this BB of the trade I carried out. I don’t recall mentioning that anyone should buy NCYT during that on this BB. I simply mentioned I was not contrary on that BB, in response to another poster suggesting all I posted about was NCYT (if they looked, they’d see I post commentary on about 10 stocks). I have’t mentioned the stock I am rolling the AVCT profits into as I don’t want to spoil my own market.
So, I’m still no ‘de-tamper’, nor ‘cross-ramping’; just trying to add something to the debate.
Best regards
Intrepid.
To be fair, we have been left wide open for the deramping mob. I still firmly believe in the tech & have my full holding, but we could really do with an update. This isn’t me being impatient as I know some on here will jump down my throat. If I was impatient I would have been asking for an update during the projected timelines.
Newsflow was thick & fast until this month. We’ve had 2 RNS’s.. one for a small dilution & the other for a director sell, when we were expecting news of the project advancement. It’s no surprise to the likes of MFM, AW & Global are enjoying the moment.
Intrepid, not a deramper but strongly cross ramping NCYT in the process? Reported!
Dear Malachai & Foreverfalling,
I'm no 'de-ramper'. I rarely 'trade' (and make it clear when I am). I seldom post on most of my holdings; just the ones where I think I have a valid view, which is quite often contrary (not in the case of NCYT - I'm trying to get across the message of 'hold your winners' there, as I think it is important for the less experienced PIs there). I fully appreciate that my often 'contrarian' stance does attract lots of 'we know what you are up to' comments, but that goes with territory - some don't like to hear other opinions or voice if what's being said is not in alignment with their own views. I certainly took some 'incoming' from lots of posters on BIDS because I was one of very few negative commentators.
However, consider this:- every market requires balance; both sides of the deal - if everyone thought the same, then we are in 'tulip-territory', because once everyone has invested, and there are no more contrarians around, then, ironically, that's the moment of greatest danger, because there is no-one left to buy any stock.
My AVCT transaction was based, (in the main), on the CEO sale, for the reasons stated, but also on the 'risk' element. I am perfectly happy with my de-risking from AVCT. I am now in for free so will park it until either it flies or dies. I've been invested since 56p so probably can be considered simply 'top slicing', if that terminology suits your psyche better and I have a healthy profit margin to fall back on.
Either way, it's an investment decision I can happily live with. I still want AVCT to hit the big time, clearly. Meanwhile, I am putting the realised cash to good use in another stock..................... and get this, the new stock is much more riskier than AVCT in some senses, because it's downside is 100%, whereas AVCT's downside is certainly not that. However, the risk of being in 2 risky stocks is less than being in one so, ironically, the trade meets my 'de-risk' requirement. Go figure.
Anyway, the reason for the original post was that I thought my view, being contrarian, was of use to the BB; what individuals do with it is their own business. But, as I am still invested, I can't be considered a 'de-ramper'. I've no interest in buying back the stock I sold as it's already being invested elsewhere (new target proving to be a bit 'sticky' and therefore difficult to get hold of).
But I do wish you guys the best in whatever path you follow. We are all in it for the same goal.
All the best
intrepid
Incredible de ramping, majority of comments on NYCT and 1 here, I know what I would do if I were Al, get house sorted for wife and push the business forward with more Gusto than ever.
Intrepid - I was in Bidstack at the time the CEO (and one other Director) sold simultaneously and both stated in the RNS for “personal” reasons. The SP went south very quickly and never recovered.
However I believe it is unfair to make a direct comparison with BIDS where the CEO was running weekly rampathons to pump up the price on Justin Waite’s VOX Markets podcasts.
AS appears to be cut from completely different cloth, a straight talking exceptionally talented leader with integrity. He is no doubt following all the correct processes to ensure no corners are cut and our LFT product is best in class, even if that means extended timelines for delivery.
I suggest the timing of the sale isn’t great......but I would be very surprised if there was anything untoward here.
GLA
1 post on Avacta and the most on NCYT. Thanks for coming to save us. I guess we should buy NCYT instead???
We bought a large tranche today, be rude not too
I agree I've done the same thing de risked as it's just not planned out as big as people initially thought.
Seems almost certain that AVACTA are very visible to government inside the NDA protected space, so I would expect that co. directors are being very careful. Would not be good publicity after we get through approvals and the sp rockets to see a bunch of large director sells. I stress large, would expect to see some sells, perfectly reasonable. In the meantime Al needs to complete on his house and choses to take ‘a few bob’ out before the real deal. Seems like an honest move to me (also preserves the prospect of becoming a Sir!)
This is a serious company with seemingly 'game-changing' products and a long-term strategy to grow the Diagnostics business and to take the Therapeutics products through clinical programmes – most notably pre|CISION Pro Doxorubicin for targeted chemotherapy. The short to medium-term cash flow from SARS-CoV-2 Antigen tests will enable these programmes to be significantly accelerated, further, and massively, increasing the potential value of the company.
@Intrepidinvestor, the cautionary note, though, should not be disregarded. Personally I think it sensible to sell a few shares to cover some or all of your costs at some point, and I will likely do the same. Timing and approach (particularly an objective assessment of the risk to yourself) is key, and this (for me) is best achieved through a lot of careful research and (at least at the moment) day-to-day monitoring of the company and involved parties.
GLA
Doh, I can answer that. He sold 0 of his 0 shares last Friday and he's now riding the rest out. He thought he'd do the right thing and warn us all because we're so nervous, it's our first £100 in the trading isa, all in on Avacta. Hahahahahaha. Pure comedy this board.
And for someone to even mention Todd Kozel here is even more ridiculous.
Ignore the lunatics
I guess some must find the availability of “posting history” something of a disadvantage on LSE.
GLA
I think the BIDS comparison unfair on our CEO. Let’s see if any IIs are concerned and are unloading. I doubt it.
From advfn -
I think good news can drop at any moment. I assume he needs the cash now as has found the primary family home. If he sold ahead of negative news he would be in trouble and the Chairman wouldn’t have signed the sale off. Selling ahead of positive news is fine, I assume he needs the money now or may lose the home so is selling a small portion to ‘part-fund’ the purchase. That tells me that bad news isn’t en route and is highly unlikely unless the CEO and the Chairman want to get into trouble with the regulator.
Hi all.
I have sat on the sidelines re this until now. Those of you who know me over at BIDS will recall my warnings when it’s founders sold some of their holding. It was a very clear red flag. Many attacked me for saying it, but I was proved correct (20p down to 3p in 3 months, at which point it was announced absolutely no sales to speak of - which those founders knew of at the time of their ‘regulated and legal’ sharesale.
My point is this; I don’t understand the mentality of a CEO selling shares in the company they control (and therefore have the most input into its performance and corresponding SP). He says it is to buy a house, but so what. There are always houses to be bought but this CEO is supposedly on the cusp of real achievement insomuch that he should be able to sell those same shares next year for 5x/10x/20x/100x [delete as appropriate to your own views] and buy the same house likely cheaper (I think we will have the inevitable house price drop once stamp duty is re-instated) but certainly for far less of his shareholding.
It simply does not make sense to me so I see it as a red flag. My view is that the CEO knows of something which is either already in the pipeline or which has the potential to derail this co. For example, the technology is proving elusive to get accurate or high enough test results on their trials - or they cannot bridge a gap to get the affirmer science to work ‘live’: who knows?
But my point is simple; even if you don’t think it is bad news, you have to agree it cannot be considered ‘good news’. So it’s a piece of evidence where we are either negative or neutral, but cannot be positive.
I have therefore de-risked on Friday and have sold enough to now be in for free. I really hope I am wrong, but I cannot ignore 30+ years of experience.
Where to put that cash?
All the best to everyone.
Intrepid