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Boris is the consummate politician, deliver bad news, then end the briefing with promise of light at the end of the tunnel.
It is possible that regardless of where either AVCT or any other test is in terms of readiness he was driven by political necessity to provide some hope given the magnitude of the bad news he had just delivered.
What is for certain is that he has made promises that his opponents and the press will now pursue him on relentlessly. He has just lost all his negotiating power and AL if you are reading this, you can now put your prices up ....
How ever you dress it up he has just promised the country a way out. No way he would do that if he was still unsure
Say the word Boris AVACTA
Agreed Forever, and as has been pointed out on here many times, PCR testing is actually not fit for purpose as a procedure to reduce the R number.
It is too slow, it gives the wrong information (infected not infectious). Control is proving to be unmanageable and perhaps most importantly it is intrusive, uncomfortable, unpopular and requires expensive medical infrastructure to support.
Indeed Poundcake, Mr Wilson didn’t strike me as someone wrestling with how to deliver bad news, likewise, I was impressed with AS and the new guy at the recent trading update/webinar (the finance guy seemed a bit awkward but then again, don’t all finance guys seem awkward !??)
Years ago, I spent time working with private equity. A senior guy at 3i once told me that his primary consideration when investing in a company was the management team. He explained that P&Ls, balance sheets, corporate strategies etc etc could be manipulated but the one thing he couldn’t be fooled by was his instinct towards the credibility of the management team.
He always insisted on spending time with the management team and this was his primary driver as to wether to invest or not. It was then down to his minions to undertake due diligence looking only for any major issues.
Personally, I think the AVCT management team would pass the 3i test.
Would like to add my thanks Poundcake. Always good to read reasoned opinions.
I posted earlier in the week that I believe there will be a surfeit of global capital looking for a home and where better than Covid stocks in general and AVCT in particular.
You touched on the impending ‘lockdown’ market turbulence and perhaps gold being the perennial safe haven.
My take as someone that’s been invested in gold bullion for many years is that whilst a physical asset will always carry some intrinsic value, I felt it’s growth was reaching its zenith and I sold my holdings several weeks ago when the price topped $2000 oz.
I’d enjoyed a great run and unlike stocks the downside risks of gold are mitigated due to its physical nature.
I came across AVCT by accident and after several weeks of research (much of it aided by links and opinions shared on here) I invested in AVCT and have been adding ever since.
It was the cancer treatments that really attracted me to AVCT having been touched earlier this year by cancer and witnessing first hand what a cruel, vindictive and unforgiving disease it is.
I accept that my investment strategy is probably different from most in that I am looking at a 5-10 year return and whilst the Covid opportunity (and its delays) is frustrating many, I urge that we all stand back and reflect that we are, in a small way, supporting a company that could genuinely make life changing improvements for millions of people.
Will the management deliver? Absolutely IMO, will they deliver quick enough for some? Probably not.
We must remember that this is a management team of research scientists being challenged to deliver a manufacturing, supply and distribution project that would challenge the management of Coca Cola. Patience required.
Don’t worry we’ve got Boris to look forward to at 4. He’s bound to cheer us all up .......!!!
The depressing reality is that if we go into full lockdown it will probably ease pressure on the existing PCR / track and trace systems and add pressure for the AVCT solution.
We have to assume (hope) that AVCT and its partners a deemed key workers and any lockdown doesn’t add to further delays due to staff disruption as alluded to by Al in the presentation.
Need that test
https://www.bbc.co.uk/news/uk-54756950
Dear Sadiqbfd
Further to the previous response from my colleague PL 75 we have been made aware of a position that has recently been made available as lucky mascot for a Canadian company called Sona.
You appear perfectly qualified and we wish you every success.
Would question the accuracy of the counting in some of the countries on that chart e.g. India ??
You're a funny guy ODX CEO, I like you. That's why I'm going to kill you last.”
Sarah Connor ? Come with me if you want to live .. to the NCYT BB
I thought Stockholm syndrome was a psychological state where hostages begin to feel empathy with their kidnappers.
I feel like I’m hostage in a bizarre Groundhog Day roundabout where the same topic is repeated over and over and over.
Didn’t Einstein define insanity as doing the same thing over and over and expecting a different result.
Al sold some shares to buy a house, some think it was acceptable some unacceptable, can we please move on.
We should tell the EU they can have our tests or our fish ... but they can’t have both. Take your pick Barnier.
I thought we’d seen the back of the weapons grade f@ckwittery.... then spunkboy turns up
Less than a week ago Sir Patrick Vallance said the following whilst giving evidence to the joint Commons and Lords national security strategy committee, Sir Patrick Vallance said ...’that before Covid, it had never taken less than about five years to develop a vaccine from scratch, with an average time of 10 years, but that new vaccine technologies had helped to shrink that timeframe. However, Vallance stressed that, while a number of vaccines had been shown to trigger antibodies, there was still a long way to go before a jab was widely available.’
I for one would prefer to listen to the experts and I’ve yet to hear an expert suggest that even when we have a vaccine we will no longer retain the need for testing. And by then our test will be the gold standard.
Great post jdt, making an incredibly important point that any new technology requires years of investment in R&D, not only pharma/biotech but many other industries. There are numerous examples but prominent ones include Tesla & Facebook that underwent years of losses before they were able to monetise their innovations.
However we all know that Joker and the other negative nellies aren’t working to an agenda that doesn’t rely on any logic or understanding.
What I find amusing and is always a dead giveaway for de-rampers is their insistence and telling you how much they held and have now sold off. ‘ I have sold off 90%, I have reduced my holding by £xxxx’ it’s as though quoting numbers adds validity to their arguments and makes them seem more sincere.
Watch out for the number/value quoters and ignore
Suspect any NDAs have been insisted upon for political reasons. When you consider the litany of missed targets in testing, track and trace etc.
I suspect that the last thing the government need is the press and public adding pressure for the holy grail particularly if the delays are due to inefficiencies at Condor et al.
Viagra on the menu for Sunday night earthling ??