RE: Blackout24 Apr 2024 17:38
Someone has to carry the can for that diastrous raise and the decision not to take more funds when it was oversubscribed only then to allow heights to dilute at 42p a few weeks later. Yes avacta might have thought the SP would be higher after the data release but again shows his lack of commercial acumen. Think everyone knows the science is outstanding and the data is is fantastic so its already priced in.
What the market wants is funding news i.e. deals and progress on that front. AS should know that but he clearly doesn't and ontop of the decision to throw money at Dx just compounds his error. Probably a great scientist but not a CEO who is going to really drive value out of this platform to the maximum benefit of shareholders which should be his primary concern. The science will take care of itself
Anyway, heights still dumping so expecting this to fall back to 38p but no lower and then should go on a nice run with the right CEO appointment and materialisztion of actual deals plus a real plan to move to the NASDAQ