Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Still breathing
The Company is hopeful of receiving an initial tranche of funding from the Investor during January 2024, although there can be no guarantee that this funding will be received nor the timing thereof.
The above from 9.1. RNS, says it all.
Will today bring any news?
We are not dealing with children an encouragement has been amply provided. The real question is: where did the money go, focus on the responsibilities of the directors and ignore the company sponsored illusion maintained here that ‘something is happening’, the main purpose of which seems to be the production of fatigue, oblivion and that we just forget about it, when the final curtain goes down.
Well, I have said goodbye to my £4.5k investment. Hope there is a rabbit coming out of the hat but....
One more day to go
One more day of sorrow
One more day in this sad share
and good news comes tomorrow
”The major shareholders are working hard ” curious to hear what evidence is behind this. There is no public record of any proposal that the major institutional investors have to work with at all?
Https://www.youtube.com/watch?v=d9tfCQP6V1s
The major shareholders are working hard to not only save their money but to cross the line with ground breaking technology which will save millions of lives. Bankruptcy- nothing. Deal done- bright future
This auto spell check should be banned....did you mean..... We are in a bad situation? Better laugh than cry!
Heya Mil. That a helpful reply. Thanks for sharing your enthusiasm!! LTV’s know this is a risk that may have gone terribly wrong but you have to stay optimistic. Do you have children and if so do you share on their enthusiasm like to do on here ? If so I don’t think they will be very successful!!
Where have I heard that before !!
I've no idea but I'll make a sort of guess. Given the potential value of LIGHT and the massive amounts the leading shareholders and some of the Bod have invested in AVO, my guess is that they'll probably try to get the highest price/best deal they can get. That might include getting some of the bidders shares . We should get the same sp as them and It might even mean we get some of the bidders' shares .
If the bid attracts other bidders then we might even see a bidding war. That could be good news for us.
We should know something before long .
If there is a takeover, would anyone have any clue as to what shareholders would get per share given the share price? I've never been in this situation before so would be interested to hear any thoughts.
I believe that an RNS is only required if a formal bid is made or accepted. Negotiations about a bid may not require an RNS. I believe that the disclosure rules rules exempt the names of bidders from being disclosed when negotiations are taking place. The disclosure rules can be looked up by anyone who feels the need to find out.
The following is how the disclosure panel has always reported AVO's situation ever since last April:
"OFFEREE: Advanced Oncotherapy plc
Offer period commenced: 07:00 18-Apr-2023
25p ordinary
ISIN: GB00BD6SX109 NSI: 542,573,869
Senior secured fixed rate convertible loan notes 11 January 2024
NSI: 6,379,725
OFFEROR: No named offeror"
The entry is still the same today
If a bid had actually been made then an RNS would have been issued, so I suspect this is just the Takeover Panel trying to properly represent the situation AVO is in, rather than anything concrete. Not sure how the Panel has reported the situation before now.
HL are currently pricing my shares at 1.93p a share.
HL started off by continuing to show the sp and the value of my shareholding at the time of suspension, then dropped both to nil for a couple of weeks. They reinstated both yesterday evening, coinciding with the announcement of AVO being involved in a bid/takeover situation.
AP- same here(never changed)(best invest)
Thanks
Driving I know I wasn't asked but mine have shown 1.925p from the day they were suspended and the value of my holding has never changed. That's with the Halifax, but then again it also doesn't say anything regarding a bid.
M44- may I enquire the value your shares are showing per share?
Thanks in advance.
CuriousInvestor6
My portfolio also continues to show the share suspended. The only thing that has changed is that my shares are now shown as having a value. Until last thing yesterday afternoon my shares had no value. So something seems to be happening.
This was posted on the Take Over Panel Disclosure table week ending 19th January 2024:
OFFEREE: Advanced Oncotherapy plc
Offer period commenced: 07:00 18-Apr-2023
25p ordinary ISIN: GB00BD6SX109 NSI: 542,573,869
Senior secured fixed rate convertible loan notes 11 January 2024 ISIN: NSI: 6,379,725
No named offeror
It was perhaps because of this that HL restated the suspended share value. My own portfolios have continued to show share suspended.
Morning, if you surch avo @ HL under No change and market closed it says Bid situation hope this helps.
Yesterday evening HL briefly posted a notice that AVO was in a Bid situation. When I looked on HL after the market closed the notice was no longer there. However, a notice connected to a Reg issued by the Takeover Panel - Disclosure Table, but not part of the Table states that AVO is 'involved in a takeover situation.'
That's all the information I have. Make of it what you will.