RE: Big Question......25 Aug 2020 02:03
@ JokerDc- Since you asked a logical question without a barrage of insults, I shall answer your question. I am amazed at the amount of pessimistic people on this board, who quickly ridicule anyone who may not have the same opinion/ comments. No sane person makes trading decisions based upon chat on a board. So again I posted my opinion only, not ramping nor deramping.
I wonder if there is anyone out there holding this share as long as I have to be in the same boat as me?, but here goes anyway . I originally purchased this share 29th September 2009 at 0.0186 , on the hope the news it was progressing to do amazing things for beating cancers or something like that - so long ago now.
11th Jan 2016 I was advised of a share consolidation below :
" 1 New Ordinary share for every 100 Existing Ordinary shares held.
On 30th December 2015, the Chairman of Avacta released the Company's agenda for its Annual General Meeting (AGM) to be held on 25th January 2016, which includes the consideration of a 1 for 100 Consolidation of the Company's shares.
Having taken advice, the Directors of Avacta believe the Consolidation will lead to the Company having a more readily understood share price and number of shares in issue. Consequently, they believe the Company's shares may be more attractive to some investors.
The Consolidation is subject to shareholder approval at the aforementioned AGM. Following such approval, the Consolidation is expected to become effective upon close of trading on that same day.
The New shares are expected to be credited to your account on or after 26th January 2016.
Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.
When a company consolidates its share capital the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are fewer shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price before we are able to update your account and provide written notification of the effect on your holding."
So since the consolidation, I have waited patiently, even seen it tragically drop to 17p mark, turned off and mentally wrote off my losses and ignored the share. Yes I should have sold around May 2020 rise slightly over >£2, hoping it would finally take off, then see it crashed back down. Friday last week noticed it hit £2.00 , profit wasn't really a decent ROI considering how long I have held this. Second time again, I was hoping finally this share would rocket this week.
My comments were not ramping or deramping, more the case of my honest opinion this share is going to drop further without any positive official RNS. So I missed the boat again, tough luck for me, so have to continue to wait and hope it goes over £2 mark again soon.
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