RE: RNS.....Today 09:20
Not neccessarily 7 working days to present a solution, the petition could be contested based on the same fundraising negotiation position as we preseume ADAM made in Geneva.
Winnifrith is a joke IMO, the main problem with AVO is that they didn't move from AIM a long time ago, it is not performing well for many companies in the UK market and is somewhat dysfunctional IMO.
When the company achieved 230 Mev if they had been a Nasdaq company the share price would have rocketed. Then we had the issue of Odey the largest shareholder at the time with 11% having to raise funds urgently and having to shutdown due to sexual misconduct. While I agree the company could have better funded themselves and prepared for such eventualities, Odey was a major factor out of the control of the company and collapsed the share price as a result.
As investors will know the technology is a revolutionary change in Proton therapy and should AVO survive they will be a major disrupter in the market. Having invested well over £200 million and all those with knowledge of LIGHT and the fact the company was progressing well with certification of a completed LINAC sysytem I sincerely hope they can conclude the financing arrangements. The fact that this has come this far is perhaps hopeful and also the fact that ALL other major shareholders and the board never sold any shares at all speaks to the confidence they had.