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Just a theory, (but hey no more far fetched than a lot of what's posted on here).
The negative price action today has come off the back of the lowest trade volume day (yesterday) in recent history for AVCT according to the chart on the London Stock Exchange website.
We've been averaging daily volumes of 800k-1.2M since the middle of July yet today we've seen volumes of 4.1M shares traded so far.
Not seen volumes at that level since a few days in July. huge volumes kicked in on the 6th of July and 7th July with volumes of 6-7M on both days - Jupiter notified their short on the 7thJuly.
There was a flurry of activity after that on 12-14th (5 million+ days) July but the price was stable. This all led up to the ISO accreditation RNS. The flurry of activity didn't see the price rise, maybe because Jupiter were the seller with all of the volume to shift and were ultimately setting the price.
Basically Jupiter had a lot of short shares to trade around that time. Volumes have stabilised since.
I wonder whether they see this is as the bottom and are using the general uncertainty/ABDX news etc to set today's dropped price to close out their short at an artificially created bottom. Put a high volume buy order at a lower price into the MMs to pick up a load of buyers. They drop the price to drive the trading volume throug , buy back the shares. In the meantime, spooked out IIs start panic selling and drop it even further to squeeze out a few more quid. Happy Days.
With 0.52% of the volume shorted a drop from 160 on July 7th to today's prices would see them walk off with a cool 6M which wouldn't be too shabby a performance.
Perhaps they say yesterday's RNS as the start of good new flow so strike when the iron is hot.
We've seen stranger things happen. Keep an eye on the notified short positions.
Totally reminiscent of the day the vaccine news broke. COVID was over back then. The market expects one piece of explosive news so it reacts to big COVID news announcements this way. Last time was retraced then built to almost £3. No reason to suggest we won’t build again. This government don’t have a track record of making good decisions. This ain’t over.
That's so when the yanks wake up in 2 hours and read it they run out and buy our shares rather than try to buy our products. Can't wait for them to arrive and blow the share price this afternoon!
I really don't have a clue what I'm doing in terms of investing, I just follow my instincts, aim for the best and don't play with anything I'm prepared to lose. I've followed this board since April last year and been invested in AVCT to a greater or lesser extent over that time. Right now - pretty heavily.
I have made my decisions based on a number of clues that give me confidence here, but the lull of peace and tranquility that has washed over this board in the past week tells me the coordinated confidence sapping deramp shorter/spread-betters have moved on to pastures new it's because they know the short term volatility has gone here. If the long and short investors have reached consensus then I think we'll be OK.
Good things will start happening when good news comes. No doubt we're currently in the eye of the storm and we'll go through new periods of volatility with the usual lot coming back to scream new nonsense at us, but for now, let's enjoy the unexpected outbreak of common sense and Julie jokes and await the next round of chaos!
It's the Huff post article written by a political correspondent that I keep reminding myself of. He's getting his info from politicians who don't know what they're talking about but the name Avacta is coming up. that's pretty meaningful.
At the risk of creating a multi-post thread with sensible debate, StarBright your logic is sound, however it all depends on who is waiting on the sidelines.
The key point is that an RNS to say the test is sound , CE marked and ready to go to market, is a de-risk moment, so how many people are sat on the sidelines waiting for this to happen. That unknown quantity will have a major impact on the share price one way or the other at least in the short term.
People invested expect the results and the test being ready to sell, the big unknown is the work being done in parallel to line up a market for the product - who are we selling to, in what quantities and for how much? That is the thing that is not baked into the share price - people already in are here because they feel their risk levels have declined through recent RNSs and media speculation, can see a massive market and are hoping the signs are we're going to capitalise on it.
I'm here because I believe you're better to be last to survive in a market than first. I'd rather Avacta was Facebook to Surescreen's Myspace and Innova's Friends Reunited. I now expect solid CV results and CE Marking and what I read between the lines tells me we have the potential to be the best and longest lasting both in the UK and globally, therefore I'm happy to hang around to see this multiply.
There will be others who may see the complete opposite who are prepared to short in the belief they'll take my money off me.
The big news to come is just how we;; have we set out our stall to take advantage of the market, not whether we have got a product - that either happens (short term rise in stock price, which will retrace if no quick follow up on route to market/contracts etc) or will blow up if we get both at the same time.
Anyway - that's enough sensible chat for now. Hold onto your golden tickets, I see £20 by Friday, Don't miss the boat, I'd hate to be out of this overnight, Hold for Gold, the Rocket's about to blast off. Last chance to get in under £3 etc etc
Ah fair play Rockbobster. Wasn't aware of that.
They're collecting personal details/leads to follow up directly from the Linkedin ads, so I'm guessing they've got a salest team up and running.
Interesting they're pushing saliva tests, which suggests we'll have a saliva test on sale for corporate "back to work" sales and a nasal swab one for the Government Moonshot contract.
I think when it comes news will be very very interesting.
Anyone else getting absolutely hammered by Medusa19 ads on Linkedin? I am.
"Rapid Saliva Protein Tests provide results in ten minutes and are available now. Improve your testing processes - go a step further by keeping your workplace secure and employees safe with non-invasive saliva sample testing."
Suggests something is close.
Expect GM RNS today or tomorrow with 2 weeks notice - they want us to jump on the voting instructions immediately but can't say they know when the meeting is coming in the email they've sent hence the cryptic "we want you to note the attachment we have sent you".
Magmanus - you do know BRH started life at 174 back in 2007 don't you?
Read the Supporting Dr Cave thread.
This RNS says Trevor now has 10 million votes at the EGM to support the Warrants!
Currently the General Meeting to consider the warrants has not yet been convened. When it is there will be a period of just over two weeks for you to prepare for the vote itself. We will email you with the relevant paperwork so that you can contact your trading platform or broker to register a vote.
This needs to be done as soon as possible after the meeting is convened because the platforms will often require notice a minimum number of days ahead of the meeting.
Gareth Cave’s letter dated 28 December recommended you checked ahead of the GM being convened whether your trading platform has a mechanism to allow you to vote. If they will not, or they are charging you an unpalatable amount of money to do so, then you should contact my colleague Nathan Ahmad via email on nathan.ahmad@egremont.com. It may be possible to transfer the shares to our Group platform so that we can vote the shares in accordance with your wishes, subject to you opening an account.
New letter from Egremont. I’d recommend everyone follows this advice:
Dear Supporter
Remote Monitored Systems PLC (“RMS” or “Company”)
You will have seen the attached announcement made on 30 December 2020 about proposed Board changes at RMS. This was directly the result of the overwhelming support shown to Dr Gareth Cave over the Christmas period following the announcement on 18 December 2020 regarding the share placing with warrants. The new board appointments are in process and will be announced as soon as practicable. Both independent director candidates were proposed by Egremont.
Thank you to everyone who has shown their support by contacting us regarding RMS. I want to be clear that Egremont is not an adviser to RMS and we are not able to provide additional information about the Company’s activities. This information can only be provided by the Company itself, via RNS. We read the same RNS feeds that private investors do, and in the event we were aware of inside information we would be unable to communicate it to you as it would be covered by insider trading laws and the Market Abuse Regulation.
What we can do is assist you to understand the corporate processes that the Company is going through and provide assistance to shareholders who wish to exercise their rights as beneficial shareholders in RMS to vote against the warrant issue.
We have been asked why the Board is unable to cancel the warrants. Our understanding is that the placing agreement requires the Company to put their approval by shareholders. There is no requirement however for shareholders to vote in favour of the warrant issue and a substantial percentage of you have indicated you wish to vote to stop it going ahead.
You can only guarantee you will be able to block the issue of the warrants if you take action to vote against the resolutions put to the the General Meeting. Please do not leave it to others. Even the smallest shareholder voting against could be vital.
There are currently 1.98 billion shares in RMS in issue. This figure may increase prior to the General Meeting if Board options are exercised. Currently we have received expressions of support from 584 individual shareholders, of whom we have received certified evidence from just under half, representing a verified 12.4% of the issued share capital, with a further 10.9% still to be confirmed. Both these figures exclude Dr Gareth Cave. If you have not returned a copy of your certification, then we would encourage you to do so and a copy of the form is enclosed again.
Read ‘period of transition’ as opportunity to control the news flow to ramp the price to sell off his final 10 million shares.
That is his final shareholding so he’ll want to make it worthwhile.
search #RMS on Twitter
Interesting watching the share price action off the back of the RNS.
Instant drop when it came out, then recovery.
Then a further drop and now another recovery above 3.00.
Assume the first drop was the MMS reacting to the RNS coming out straight away with a tree shake.
Assume the second was actual sellers who got the RNS via their broker or intermediary with a 15 minute delay on the feed.
Either way it looks to be holding up - for a change it's nice to be in possession of real information affecting the share price rather than the BOD having the advantage.
There' a Spanish van with a big machine on it outside their subsidiary's building with photographic evidence. How the **** do they square that speeding ticket with the subsequent RNS that says the machine arrived on the 7th January?
Let's hope they keep taking photos when sneaky Trev throws a few banana skins onto the floor at the back of that truck to try and engineer himself another bad new RNS.
Why does it give me an uneasy feeling that both BFH and RMS are number 2 and 3 on the AIM All Share overs for the day by almost exactly the same amount of a daily increase.
Has our old pal Trevor sold all of the RMS shares into BFH, extracted all of the cash into shareholders pockets (of which he is the most substantial one) and is now buying his way back into RMS at a significantly discounted rate through BFH while simultaneously increasing his shareholding in BFH to take a greater portion of the equity (most likely through another investment vehicle to prevent him as an individual owning more than 30%).
It can't be as simple as new year, new machine, great product etc can it?