Member Info for cindercone

@Icecool

As with Alistair Smith, people with far deeper pockets than mine will ensure the CEO is replaced.

You can have the best science in the world, but if a company is making imbecilic financial decisions it's all for nothing. Pivotal few weeks coming up for Coughlin and the board. Mess this up and they'll find themselves in a similar position to former CEO Smith - unemployed, credibility shot.

Then there's the question of their treatment of investors. Any repeat of the 2023 fiasco - leaking a raise so their mates can get out, is another reason for investors to ensure board positions are untenable. It's hard to believe they would be dumb enough to make the same contemptible mistake twice.

Let's face it, all these people exchanging tit-for-tat cr*p on the merits or otherwise of Avacta are as stupid as each other. If you don't have the confidence to believe in what you've invested in, you shouldn't be allowed near a bank account.

"Genuine question, how close are AVCT now getting to not being a going concern from an audit perspective?"

😂

I think OopslCharted is primarily referring to manipulative scumbags Alfachump, Sanchez and Ophidian who were camped here 24/7 reporting posts to moderators that disagreed with their patently absurd opinions. I would imagine they lost significant sums of money, and deservedly so. I have sympathy for others.

In terms of BMN, not much worth rescuing. The plants will probably rot and I can't see the V price recovering for at least a decade judging by the state of China's property market. The demand for VRFBs is not going to make up for that colossal shortfall and has clearly been exaggerated.

@Bigears1170

Big ears, small brain. Clearly the drop is across the board due to Trump's disastrous tariffs.

I've seen plenty of companies list on Nasdaq and do absolutely nothing with all the same ramping beforehand. I'm not selling up, this should go for £3-5 one day.

"It’s run on sentiment, social media rumours and gamblers. Until they move to Nasdaq, we are all in the same boat, you can believe in the technology or you don’t, the SP on AIM is what it is ,irrelevant to the bigger picture and has no connection to current value of assets or potential for doing deals. Very simple."

LOL! Why would anyone invest in a platform run on "sentiment, social media rumours and gamblers?" Listing on Nasdaq won't make a blind bit of difference. There is money to be made here, but AIM's finished and this will be my last investment.

"Maybe focus on something that actually matters. Move on."

Why don't you move on? He's a sad old man who gets off on the attention everyone keeps feeding him. Try the filter button.

"So raise or licence deal or full T/O in the next 6 months is a cert."

It'll be a raise. Everyone knows it and SHs will cough up - that's why no one's buying. Thankfully, I can be patient, but I don't see myself getting huge returns here. As with most of AIM these days, shareholders are simply a begging bowl to make other people wealthy. As an investment platform it's not fit for purpose.

Myles McNulty trading the shares again?

@Almostrich

By engaging/commenting on these low lifes you're simply throwing more petrol on the fire. If you want rid of them, ignore, otherwise you're as much to blame as everyone else for making this board completely unreadable.

Why did Myles McNulty tell us DX was sold in January before deleting his post? And why was my post deleted yesterday when I said that?

AIM is broken unfortunately and this is the last share I will ever invest in. People have totally unrealistic expectations of how long it takes for a drug to successfully come to market and AVACTA aren't going to tell you that, they're going to string investors along because they have to.

Ultimately, the UK stock market is illiquid and AIM is f*cked. Too many CEOs are frauds who refuse to invest in their own companies. 'Day trading' is now infested by moronic, manipulative short-term gamblers and shorters/parasites. Brokers with their paid-for price targets are clueless and worthless and the FCA are about as much use as an ashtray on a motorbike.

For serious people, there's simply no incentive/point in long-term investing. This tragic forum, full of manipulative scumbags is living proof as to why AIM is a joke. No point reading it anymore or contributing to it - if you do, you're a fool.

Avacta has immense potential, but how long will it take? 2 years, 5 years, 10 years? Fortunately, I'm just about young enough to wait for however it long it takes because I believe in the tech. Nothing anyone says will dissuade me, only a neg RNS will dissuade me.

My advice to serious investors, ditch this joint, ditch Twitter and forget about AIM as a serious trading platform. It's nothing but a lame duck casino that will die if there is not serious reform/regulation. As this forum proves, most 'traders' today are too stupid to even understand what they're reading on an RNS, so why on earth are you listening to them? If you don't have confidence in your investment, sell it.

"This is a record!

https://petition.parliament.uk/petitions/700143

Updated every ten seconds."

Can we have anther Brexit referendum too? Hypocrites.

The pandemic didn't lead to BMN's downfall. It was Mojapelo. The amateur racked up insane, unpayable debts with no alt. plan for economic downturns. He invested YOUR money in grids, BELCO plant, expansion plans when there was zero demand for any of it - all based on his incorrect belief and pie in the sky guesstimates of future revenues. And all at no risk to him, because he was busy raking in a ludicrous salary that I called out 5 years ago, and renting out offices to his own company for treble the price.

@bohercom

"What do you think the salary should be for a CEO in company employing 400 people and able to do deals with the likes of Orion and SQM ? Go on, put a figure on it."

£60-100k.

I doubt he's underwater on the shares - did he actually buy any or just get given them?

My issue is not specific to ATM - it's AIM a whole. Most people suffer when their businesses fail, on AIM you get rich while everyone else fails. It's a combination of fraud, feeble regulation, brokers who know nothing, and investors who prefer to blow smoke rather than make people accountable.

AIM will die if this con continues and already is. Is ATM a con? No way of knowing and that's the problem. But Viljoen's salary is a red flag imo

@bohercom

BMN also employed hundreds of people and chief architect of their destruction, Viljoen's mate Fortune Mojapelo, had plenty of skin in the game. He also paid himself £500k a year for achieving nothing.

What has Viljoen achieved that justifies a £340,000 salary?

This reeks of #BMN. A CEO enriching himself and delivering nothing but empty promises. He gets very well paid while shareholders take on all the risk. Buyer beware.

The most predictable RNS of the year and classic example of why AIM is not fit for purpose. If you want your pockets bled all over again, just wait for Mojapelo to resurrect and relist.