Evil eye13 Mar 2017 14:34
Thanks for your detailed response.
I disagree with nothing. I hv lost money here as well.
Being involved with a Bracknor / Darwin type company without income is such a drain on an SP. Now any buyer of their kit has them over a barrel. I am sure Avo cannot get to production and associated milestone commitments with Thales, kit out HS buildings, R&D, big wedge for the board on a monthly basis (notice no one taking shares at these prices in lieu of partial wages) by 2018+. Simply not doable. The underlying thing they currently have is IP. 12 months may see them left with just that.
I want to believe that picking these up cheap would be a good bottom drawer share but there are too many ifs and caveats at present.
I got the bounce absolutely on the nose with a SB but back in the black quickly but then it just sat there for about 3-4 hours. I jumped off again in case there was no bounce at all then it went up that afternoon about another 22%! Once it comes down here there is nothing there to push it back above previous daily or a weekly high.
It should hv been a solid investment. FCA once more found wanting in AIM governance.