RE: Short Term Key Stategic PrioritiesToday 11:03
Its certainly food for thought.
These aren't "red Flags" but just because we have been here before:
"‘Really excited by the sheer number of ways PreCision can be implemented in the next programme."
I'm sure she is, and aren't we all, but means actually, nothing, next week, next year, ends up "disappointed"? So "really excited... " ok...
"Looking to maximise value for shareholders, customers and staff alike and are working on a plan and look forward to communicating this to you in the not too distant future."
This is bit more specific as a timeline has been put on it but then again, timelines are not AVCT's strong point. But all its saying is that in the not too distant future (which is when?, so very subjective), they may come back and say " having done through analysis, lots of things being considered, but starting to formulate best way forward , will update again, soon" etc etc.
"Commercial deals are really unlocked by this clinical data and so there are MULTIPLE conversations on going."
Again, I'm sure there are, but that wording disguises the level of interest that is taking place. (For instance, I want a bank loan, and I have seen multiple banks to see if they will back my business proposition., that fact that so far none of them want to proceed with it does not invalidate the statement.)
And of course progress is being made on multiple fronts. That's what AVCT do, that's the day job, that really is fluff......
So as I said right up top, the tone and language used is positive and urgent and gives an impression of activity, which clearly is good if it is not just clever words to give a false impression.
What has struck me is the manner of AS's dismissal.
It was brutal. As we all know he would have needed the backing of the board to do the things he wanted. That means the rest of BoD have got to go too which may well happen, or, maybe, something has been uncovered that AS has/had kept quiet from the BoD which has come to light. (I don't remotely mean any falsefying of data or anything to do with the actual trial, but (and this is just guessing), but maybe he was approached under the radar and turned down a relatively good deal without telling the BoD because he thought a better deal or offer would present itself and when it didn't it came out and then he had to go?
I don't know, but for someone who has given the years to AVCT and got them to here it does seem to me something else may have happened to bring his departure about in the way it transpired.