Major shareholders and directors hold over 50% of the shares4 Jan 2024 07:32
The ethos of Avo was that they could produce a proton therapy machine quicker, cheaper and more efficient, than anyting currently on the market. If we go into liquidation The Major shareholders et all will loose out big time. On the other hand, if a rescue plan is successful and a light machine can be validated for use in quick and timely manner , the share price will be many multiples of it's current value. Odey Asset Mgt needed to sell out for their own internal re-organisation and with the price dropping fast Avo had no option but to suspend trading. I have no doubt a re-financing deal will be reached and we can all breath a sigh of relief.