Psychology at play9 Jun 2020 11:56
Suppose everyone has to make their own judgements on statements and not be influenced by BB's when it is their own hard earned cash.
In my opinion Dan has not lied about anything outright and there seems to be a plausible reasoning for everything that has happened without direct blame to him. COVID can be used as an excuse as every deal varies with different values and complexities. The deals completed might have already been ongoing for years for all we know.
I got out of Avacta 2 weeks ago even though the tech is exciting like NFX, there is no proven test yet and there can be similar hitches and delays since the fast rise. At least NFX has some proven concepts and many patents now already gaining revenue.
The Avacta CEO also did a large placing when he said he would not need to, only a month ago. Yet people will defend him with £10000's of cash, so I don't know why Dan gets a hard time here. Both could be a massive success regardless and time will tell if you took the gamble, as we are all gambling to an extent when investing.
For me I am happy to wait another 2-3 months to see what is on the horizon and if I feel my investment needs reassessment. I am sure everyone else has different opinions but each to their own. We all share one thing in agreement and that is the quicker the better.