Member Info for Billy-Bunter

Market cap of £16M.

"BONKERS"

B.

They refused to comment on the rate of cash burn going forwards

The Edison note says that the MHRA turned down Sareum's CTA application. That seems incorrect, as from what I understand the process simply stalled with a review being required, that the MHRA are yet to follow up on. Or, have I misunderstood the situation?
B.

25% or 30% depending upon the size of company.
B

My understanding is that they will fund production through a mix of customer deposits and bank debt. ‘If’ they can get to the point of receiving firm orders with deposits paid I think the whole situation will improve dramatically. Thus noting the update in January I hope they are able to execute on concluding some sales and deposits as they eluded to be pursuing.
Bill

How do you know they were buys, Wastegatecatcher? The 700,000 shares @ 5.43p was definitely a buy. But looking at the 5p price for the two 918,260 share trades look like sells to me. Am I missing something?

When is the next dividend payment due?

The thing that caught my attention here, is that Nicolas Serandour (the CEO) put his money where his mouth is and participated as a Director in this funding. Its the first time he's done this and I think he's probably got the best overall picture of where AVO is heading out of the Board of Directors. Whereas with the pervious director buy etc he's been absent. Its only £10K that he has thrown into the pot for the loan to AVO, but even so, I view this as a positive sign. I'd been waiting for his involvement before buying more shares, so I'll now go ahead and do that I think.
Bill.

An almost entirely blue day... I wonder if this has reached the bottom now?

Bill

I also bought more today....

I'm about to add another £5K of these.

But, I think the market is basically holding its breath, waiting to see what happens with the financing AVO needs. And, this is putting a big hold on buying AVO shares. And, plying into the downward snowball effect I referred to in one of my earlier posts.

If AVO can sort out their financing, which I think they will, I reckon the buying will then kick in and there will be a significant rise in the share price.

Bill.

Thank you for posting, Vanilla
Makes an interesting read.
Will be continuing to add myself, as and when I can.
Bill

Hey, Vanilla
Yes, I think some of the price drop is concern regarding inevitable dilution around the corner. But, I also think a lot of what we are seeing is probably long standing retail investors (like you and I) who are like 90% plus down now and a bit at their 'wits-end' with AVO, causing them to bail out. And, there has been some snowball effect with this as the price has really dropped flushing more of these investors out who are selling.
Once the funding gets sorted out and orders + deposits are booked, I think we will see a significant reversal.
Bill.

I'm not so sure, AParky. With the lead time on the delivery of an AVO PT system, I could see orders being committed to earlier with Customer deposits from some Customers. I think the trigger will be AVO securing further financing, so that the Customers know they are placing orders with a firm that is funded.

Does anyone know, if the three large trades at the end of the day today, are buys or sells? Help, please?

Thanks,

Bill

And I just got another £10K of shares. Its starting to go up again. I paid 11.34p on the ask. Hopefully its starting to turn upwards now and that will be sustained....

Bill.

I just dropped £5K into this share and am moving more money into my dealing account now to buy more. By the time I've finished I'll be holding as many shares as some of the long standing Directors.....

I'd be surprised if they let any Directors go, but lets wait and see.

Bill

“ If some of these orders are nailed to the post and deposits taken it would bring back some confidence to sp “

My thinking, exactly, AParky. If that happens I think the current share price will be history, even accounting for a chunk of dilution. I’m going to buy an additional 500,000 shares.

Bill

That is a good question.

I agree that this was a well written and comprehensive update. Nothing hidden with details given on all aspects of the business.

iWantThatOne: The reason that certification is expected in H1 2024, is because (for CE marking) they have to test the system with a number of patients. That is going to take up most of this year, after which they need to feed those results into their CE documentation package and then have it reviewed and approved by a Notified Body. Its just what this is going to take timeline wise.

But, its not made clear if this is the case for both CE Marking AND the FDA 510K for the United States. I know it is required this way for the CE marking. But its not clear to me if it also is for the 510K, as that is handled differently in some ways compared to the CE process.

Overall I'm strongly tempted to add another few hundred thousand share to my holding. Its not lost on me that the long term share incentive plan has the senior staff vesting significant numbers shares once the share price is up over £1 per share (I believe for over 90 days, plus some other targets). I'm sure that they are going to move heaven and earth to get there. And, I suspect that consequently any takeover offer would need to minimally be at this price level, a market cap of £700M if we assume an additional 30% dilution from here through the issue of new shares and exercise of warrants.

I think this is the make or break year for AVO. And, I'm expecting them to make it, with multiple news coming through as they progress through the months ahead.

Bill