Expectations and Reality9 Jun 2020 11:20
Morning all , expectations not meeting reality for some and I get that but are those expectations set fair ?
I don’t know is the answer, no one does ,altho my own faith and bullish approach here is based on the fact that we have just raised 48 million quid in a massively oversubscribed placing and primary bid offer, so much so ,they added another 3 million on to the original amount ... and all completed in record time ...and lest we forget during a world pandemic where for many ..money is so hard to come by ...so what does that say as a vote of confidence for and in Avacta ?
Unbelievable Jeff !!! springs to my mind ...as it was
truly incredible outcome
I realise the fund raising was a shock to many but we are in unprecedented times and u have to grab the opportunity of a lifetime in the lifetime of the opportunity and like it not, that time for Avacta was now ...and fwiw I think it will prove a master stroke in the fullness of time but that’s just my opinion.
The real plus though is by having circa 55 million in the bank to not only advance covid ..but to also develop the real Crown Jewels ...the therapeutics, which were always the outstanding value drivers for Avacta long b4 covid came to the fore ... so it’s simply an awesome step forward as these have already shown that they could be total game changers in the fight against Cancer ... so the sooner the better
Back to the present & the fact that the Boo boys have staked their reputation & a huge chunk of their wealth into setting up Medusa primarily to service the Avacta offering ..is yet another big indicator to me that this will happen soon ...as they know a sure fire winner when they see one .
Notwithstanding all that we’ve now got a large strategic US investor on board following the capital raise that hasn’t even been revealed yet and that could be mega .... who knows
As for today’s Rns I’m pretty sure it was the 11/5 when we shipped the Affimers to the US and Alastair has always said mid summer.. is when the test would be ready ..which I interpreted as early July rightly or wrongly ...so in just 4 wks as of today we now have a proto type that works and is now going onto the testing phase with no apparent defects in any way shape or form and seemingly meets all specifications as far as we know
So on the 9 th of June given where we are ,I reckon his mid summer prediction of early /mid July makes this news today pretty much on track as whilst
I openly admit to being no expert but anybody thinking a prototype cud be produced trialled, tested ,approved and ready to go in a month is possibly over estimating the actual reality ...but hey we’ve all got our opinions and rightly so
For me the story is just getting better and better with every brick in the wall making me more confident that this one day very soon will out its true value ,which is why I’m staying put and adding whenever I can , but that’s just me ... Have a great day fellas all keep well and all stay safe