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PS .I really feel sorry for all these poor people who tendered their shares at 17p only to to see the sp climb to 25 i a matter of 2 weeks with so much more to come !!!

What obvious reasons ? They are a public co so they are obliged to come out on a regular basis with trading reports which show sales figures !

Sadly there will be nobody employed by RM2 soon !!!

I agree with the Quinitiq or G4S scenario, i believe this is what Mr Black and co are working on, many similarities with the BAE previous deal. However assuming that most of the major II's have an average purchase price of mid to high 20's, i doubt they would sell out at below 30 which could be ambitious on the current trading / sales figures. If however contact and sales do start materializing at a important rate, then its very feasible.

Please do clarify for me why another buy back and what does selective rights issue mean ?

Thanks

If not ?

I agree with the fundamentals but the fact of the matter is the sp is now in freefall and having gone through the 900 level, i would not be happy investing right now. BBY came out with decent results and it is also struggling .

Waste of bloody time this investment has been. An absolute shambles. No doubt the top brass of the co is enjoying a nice holiday while we shareholders slowly but surely see our holding get down to nothing !!!

I am sorry to say that, but investing in the stockmarket in not related to resisting a temptation ie eating chocolate.The longer we dont get any seriously good news, the lower the sp will drift down, and the way the co is burning up cash, soon it will need more propping up AGAIN .

The sp is almost on freefall and the recent trading report does not justify that. RCDO is one the leaders in the UK regarding R & D in electric cars which is a very promising industry. According to the latest holders list , more than 60% of the shares are in the hands of major II 's , a lot more than a year ago. You would have thought that at this price , the co could be a very tempting target for a takeover but i dont see it happening with the major II's holding the majority of the shares. Why the continuing fall though ??????

Well, well , the sp keeps going up on no news. For sure something is going on and it has to be positive.

Could not agree more with you, provided the next RNS is good news about the tech !

What is so good about ? For weeks now , the sp is hovering at the low 50 mark. As soon as it makes a spike towards the 60 level , it comes down . WE NEED solid news, a working machine ASAP. The co must be burning cash very quickly. It is positive that more and new IIs are happy to fund the company, but this can not go indefinetely. More new shares means more dilution for us shareholders. At the end of the day, for any company to succeed , they need to have a product to sell and make a profit. I do fear that if by the end of this year, the co does not come up with a working prototype which in turn could produce the first sales , then the co may not make it as a going concern into 2019 !!! A lot of us on this forum have been investors in AVO for 2 or 3 years now and are probably still nursing a healthy paper loss . But most of us still believe in the tech, so lets hope it all comes good . If it does, many lives will be saved and we may recover our investment or at least break even.

Xmas may be coming early. If the sp comes down to the 1000 mark, that would make it very attractive for me. It would make no financial sense though as the co came out very recently with what i thought were a very good set of results.

I don't know but something fishy is going on here. I did not expect any of the major II's to tender their shares, but you are correct,the sp has been steadily climbing now on no decent volume and no news on sales. What could be happening ?

Just had a look at it, whats so interesting about it ?

Thanks

What i hope could happen is that the board may be working behind the scenes on selling the co for a much higher sp than the current buyback offer of 17p a share. Mr Black and co did do so with the previous co they were running when they sold it for a huge 485 or so million £ to BAE. Wishfull thinking i know !!!

Great recent results and yet the sp could not break through the 1100 mark. Did during the day after the results came out but then came back to today's level .

Very concerned though that both these trades were sells !!!

What are these 2 big trades of today, buys or sells ?

I believe that what is depressing the sp is the ongoing tussle between the current mgt and the Ellis family who are very major shareholders. The recent results were very good and bare in mind that VANL with KLR who is the biggest player in the industry dominate the market. But as long as the dispute goes on, i fear the sp will not show its real value.