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Well Basil,
There is no doubting your prowess with ChatGTP and your forensic break down of the narrative from the June 2022 video.
In looking at your many posts, you are clearly an authority above mine
So tell me, have you seen the 'light', are you a believer?
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investigation plan and first patient
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treatment in conjunction with University
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Hospital Birmingham
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we've installed a state-of-the-art
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robotic patient positioner for aligning
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patients in the upright position in the
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treatment chair also a CT Imaging
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subsystem an x-ray Imaging subsystem and
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Computing software and Hardware to
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ensure accurate placement Imaging and
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image processing of patients
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light runs on an advanced Suite of
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medical software the clinical workflow
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starts with patient admission intake
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appointments and creating images for
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treatment planning the treatment plan is
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verified approved and delivered to the
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patient typically over multiple sessions
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using this software Physicians are
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supported throughout every step of the
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process ensuring that patients can be
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safely and accurately treated using a
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beam that's been fully optimized and
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tailored to their needs
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begins in the northwest of England at
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the Desiree laboratory of the UK's
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Science and Technology facilities
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Council where we've set up our
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manufacturing site for the assembly and
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integration of our modular light system
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a hall has been built to house the
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accelerators which form the Beating
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Heart of the light system
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because avo's light system uses linear
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acceleration there's a considerable
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reduction in the shielding that's
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required and no need for absorbers to
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handle stray excess radiation found with
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Legacy cyclotron systems
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this is a major advantage of the system
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making it far easier and more affordable
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to install
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everything starts at our proton source
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using a system called Equus known for
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its robustness stable operation and long
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lifetime
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from there the protons starts their
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Journey along a gallery of accelerators
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moving as a 200 Hertz pulsed beam
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through the CERN developed RFQ and
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various accelerating modules called
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scdtls and ccls accelerating up to a
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maximum of 230 Mev
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avo's linear accelerator is now fully
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constructed and operating at a maximum
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power of 230 Mev The energy needed to
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treat deep-seated tumors this makes the
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light system the only proton linear
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accelerator to have achieved this feat
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the accelerator is driven by four iots
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and 13 klystrons all supplying RF power
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to the accelerators and is called kept
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under vacuum and monitored by beam
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Diagnostics
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DC supplies in the system Drive magnets
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which control the position of the beam
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and a full control system keeps the
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entire system working optimally the
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accelerator is driven from a control
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room where our specialist operators
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accelerate and steer the proton beam
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there are over 250 front-end Control
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software instances newly developed to
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accelerate steer and monitor the proton
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beam it utilizes 20 Gigabytes per day of
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data capture in beam optimization and
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control and delivers a proton pulse at
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your energy of choice every five
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milliseconds
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the patient treatment itself which is
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the final goal takes place in the
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treatment room at the end of the
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accelerator
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this has also been built at daresbury
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where we'll
Video states that patient room is installed and state of art positioning chair installed with all relevant soft ware in place 2.38/3.46
Linear accelerator is fully constructedand operating at max power of 230 Mev 1.25/3.46
So close anfd yet so far!
The treatment room was not ready, Basil. Part of the additional funds was to pay for it to be brought up to UHB’s requirements.
Whether the machine has reached full speed (230MeV) is irrelevant.
Before it can be used to treat UK patients it needs to be approved by the MHRA.
Europe and the USA have their own approval bodies.
If any of these bodies had approved the LIGHT machine, it would have been RNS'd immediately. How far it is away from being approved is anybody's guess. The BOD have not even said that they have completed all their own testing, let alone submitted it for approval.
For a system that claims to be ready for patients, there is little, if anything, by way of evidence that the machine has undergone any testing, nor to support the 230MeV claim. Seems you build a world changing device then say nothing
The treatment room is at the end of the accelerators that have acheived 230MeV. Video gives the impression that treatment room has robotic chair installed ready for first patient treatment?
The room may be ready for first patient treatment, but unless I've missed something, the LIGHT machine is not.
Treatment room ready for "first patient treatment in conjunction with University Hospital Birmingham"
Video states it was constructed and was waiting first patient treatment in conjunction with Birmingham hospital (or is it a FAKE)
Did we not set up a fully constructed prototype at Daresbury ? https://www.youtube.com/watch?v=FUkV5UXHHIw
@Basil1717
Yes, knowing where we stand with the investors would certainly bolster confidence. However, future revenues are dependent on a proven working machine. Do we know how close to completion we are of the first system?
Ratification of our investor's intentions would give massive impetus to obtaining first revenues. What SP then?
Winding up orders cut straight to the quick. There's no messing about with court judgements or bailiffs, debt collectors or anything of that sort, if you offer evidence of a debt to the Court and it is not settled or denied by the plaintiffs response within the allowed period (30 days), the WUO gets issued and that's the end of the Company concerned. It's a brutal process and proceedings are indeed swift. The order can only be rescinded if the Company applies to the court for a hearing and can show that it's debts can be paid. Maybe the BoD would stump up the necessary to do this but I doubt it.
Whilst I am sceptical about Bertie8's imminent winding up order, the spirit of what 'he' has said is a definite possibility in the not too distant future. This action is available to anyone with a valid interest and demostratable proof of liability, say, an enforceable court judgement against AVO for a sum of money. Bertie8 would be quite at liberty to approach the High Court to have the judgement enforced by way of collections agencies and/or in the event of the AVO being unable satisfy the debt, a petition to wind up the company raised. I understand that if successful, winding up proceedings are swift.
The company is based in the UK. A winding up petition has started and will be served to Mr Serandour or nailed to harley street door in the coming days. The UK high court will decide whether to liquidate the company to pay the creditors.
The subsidiaries elsewhere are irrelevant here, the parent company has the debt.
AsItReallyIs - what part of what I said is wrong? I’m not an expert so happy to be corrected. Advanced Oncotherapy plc has subsidiaries, including in USA, Switzerland and the Netherlands. Many/most staff employed by these will be on local contracts. Employment legislation differs.
In the Netherlands, for example, a company can suspend payments to debtors (which will include AVO’s staff here) for up to 18 months, for example in a debt restructuring exercise - precisely what the parent company is trying to achieve. If a debtor seeks repayment (and this could be a staff member) then a judge *could* remove the debt suspension and the company could be declared bankrupt. I suspect the parent company is doing all it can to avoid such a situation whilst it desperately tries to bring in new funds. Against this background, I’m unclear how far a “high court summons” in the UK would have jurisdiction. I just don’t know.
Well well, surprise surprise. This money will never come.
Really the BOD could have at least varied the announcement today and added a little more detail. For example why the delay? This transaction has been delayed so many months and each time the BOD give another month-end deadline that they miss. The fact that all parties are still engaged with the mounting advisors and legal fees is the only consolation I have that perhaps this deal could be consummated. I hope its this year!
Update released just now. So, the financing discussions are ongoing rather than ended which is good. Hopefully the initial £15M of funding will come in this month.
B.
@IWantThatOne
Incorrect.
AsItReallyIs - Many staff are employed by the non-UK parts of the business which is why the company hasn’t been forced into administration yet despite non-payment of wages for ten months. Different regs apply.
I don't think Bertie8 was being serious, but a High Court will only issue a summons if there has been a suspected breach of law and a case has been prepared and submitted to the court by a lawyer. Whilst the BoD have been incompetent, that is not necessarily illegal unless they have been negligent or fraudulent in which case as directors they will also be financially liable. If that is so, let's hope they get what they deserve.
Looking back at previous RNS's we see that even back in October last year the shape of a deal was already in place,
including long term finance of $80M and short-term bridging loan facilities. From press reports we also knew the likely benefactor, entrepreneur Seamus Mulligan and his Nerano group.
So what's the holdup?
Yes it's a lot of money, but where's the sense of urgency? (And where was the foresight a year ago?)
We note that even if the company started trading tomorrow, timetables for first patient treatment and certification are going to be put back at least 8 months. What worries me as well is that vital equipment currently lies mouldering away in a forgotten basement, while hard-won skills are being lost by disaffected keyworkers who probably can no longer give a damn.
Come on AVO. Time to put us out of our misery. Or to get back to work.