Member Info for ipadtrader

Okay well look its only my opinion so certainly not fact ...but "a number of high quality institutions and a European specialist healthcare fund" was for me just 'AS speech'...I think that AXA Framlington were 'the' European specialist healthcare fund and I also think the majority of shares were put with institutions that specialise in flipping shares such as the likes of Riverfort Capital (A company I personally wouldn't touch with a barge poll) because thats their business.

Let's not forget having been given the nod the SP was clearly sold down from around 110 to 70p before the announcement....and yes thats not allowed but thats what happens and we all know that...and in fact there was one such firm in an interview that admitted (not the sell down before offer obviously) but the fact that he new nothing about the company but they were cheap and presented an opportunity...which tells me all I need to know.

So I understand your scepticism about the numbers involved but 3 months have passed and still no TR1...actually years have passed since we had a TR1 but thats another story.....which is another reason whether I like it or not that I think most were taken up to flip.

Bella...honestly I'm not trying to wage a campaign at you and I recognise that you bring things to this BB but even on that site you've posted the listing is there under ..Concentrated Funds...AXA Framligton Biotec 4,373,00 April 30th 2024.............and then its listed under Concentrated Institutions as AXA Investment Managers UK LTD 4,373,000 May 31 2024....which is about as up to date as you can get.

"when did AS say it was Axa?".....and there in lies the problem Bella....he didn't ....at least not publicly, with AS everything was either ambiguous or secret squirrel because he felt that Avacta was his business and just never understood the concept of a PLC which in my opinion ultimately led to his downfall.

Bella you keep asking who the European 'Specialty' Fund is ....you know who it is ....its AXA Framlington.....not that special I know......but that was AS speech..... so unless this mysterious company have unearthed a new law that means they don't have register on any registry.....its AXA Framlington .....who funnily enough list themselves as a European Health fund.

I haven't read anywhere that he resigned...... just as I've read nowhere that he was removed but if I had to put my house on it I think I know which one I would choose.

Well you would have to say that bearing in mind they last increased on May 9th when close of play was 43p......it's taken them around 270,000 shares to move it down just over a penny to todays close.....so I'm not sure whether they would class that as a success or not, I certainly wouldn't.......and if the 150,000 was GSA at the bell again today.......actually it's taken them 420,000 to move it down just over a penny.

So if the above scenario is the case it does seem we are at or around a level where they seem to be the only real sellers.....which is not great for a shorter.

General Oz....give it a break......you are becoming really boring

JH, gje, I think they are trying to double down ....at least it certainly appeared so earlier this morning but it maybe that they are starting to lose the fight......and when you bear in mind that more often than not if we have a half decent RNS we usually get a rise on day two....... I wouldn't be surprised to see GSA to soon start buying back in.

Sorry..'things'

I have been here for 4 years and 4 months........the way thinks have panned out ...£3.00........you wouldn't see me for dust

Yes the top tier of management on the Dx side gets ever larger.

...'nobody any longer has any interest or faith in'.....PL I was generalising...but look I'm not going to reciprocate with patronising and snidey comments life's too short ...... it's a shame that you respond in that manor to a fellow LTH.......I was just voicing my opinion on where I was at with AVCT on.... what has unfortunately over the years become an increasingly less tolerant BB.

PL75 ...I didn't say I had 'lost' faith ...I said my faith was being 'tested' ......you have been here as long as me and I have read your posts over the last couple of months and your frustrations have pretty much mirrored my own....I guess what I'm saying is when you have made an investment that you believed in ..in 2020 and the SP 4 years on is more or less at the same level as it was then (for what ever reason) you look around at the many opportunities in those 4 years that may have proved more fruitful...... and quite obviously feel a bit a bit of fatigue with this current investment.

Okay look honestly I'm really not trying to sound negative and I am someone who has been invested in this business for over four years but we really are stuck in treacle….we have gone from one of the most popular and followed companies on AIM over the last few years to a business that nobody any longer has any interest or faith in.

For several years we have been a company that many PI’s would speculate on in anticipation that ‘re-rating news could drop at any point and riches would be made…. but sadly because of a number of quotes/statements (call them what you like) from our now departed CEO that in revenue terms have actually amounted to nothing followed by the 50p placing on the back of a funding question and the reply being “don’t worry about that”……….we have in my opinion really become a dead duck…..and clearly not helped by the HC sell off each quarter

Obviously I don’t mean a ‘dead duck’ in terms of a business, I mean from the perspective of the wider community of AIM which although it is the Wild West of stock markets did (for 4 years) until March keep AVCT in the spotlight…….. sentiment has now gone and as someone said earlier today the SP is now not going to move on anything other than good hard facts that will in turn create a pathway to revenue……..I just hope that we hear something positive soon….and I mean something concrete sooner rather than later because if I’m honest for me my faith is being tested and fatigue is starting to set in.

There isn't an option at Companies House to list an Ex Director as 'sacked'

AS's strategy was in effect to not boost the Sp which was pretty much down to two factors ...1) That Avacta was 'his' company and...2) The disregard he had for the SH base.......I hoping that the new direction that Avacta are taking has amongst other things on its to do list.....some SP boosting

I think like the majority here I was glad to see the removal of AS, for too long he has shown a serious lack of business acumen and actually why would that be a surprise he is after all a scientist and I don't even know if he was a good one because the original tech he had been treating as a science project for many years wasn't actually his own work anyway.

Obviously there is no reason why some scientists can't become good CEO's ...will CC be a good CEO...I don't know time will tell but what I do think is the BoD are now well aware that the company could no longer continue trundling on ignoring the fact that ultimately its first responsibility is its shareholders.....and that means commerciality.

@PJT12......spot on...I accept the need not to dwell on the past but the whole acquisition stuff was ego driven and part of AS's personal dream rather than what was best for Avacta PLC.

..............."Overstaffed for sure"............."DX side now needs streamlining not run as 3 separate unrelated companies"...............

I'm glad other people have picked up on this because it has been a bit of a bug bear for me, if you exclude CC (CEO) and TG (CFO) they have a...

Chief Operating Officer

Chief Scientific Officer

Chief Commercial Officer

2 x Managing Directors

Executive Director

and a Chief Operating Officer (Coris)......... and probably no end of middle management too so it's no surprise why its loss making, they have had plenty of time to streamline and trim the numbers.

Look while I agree with the sentiment with regards to no info on the 50p placing, in the capacity of CEO she only rocked up this morning........I'm sure it will be revealed before too long......whether it be a piece in Oncology monthly or an article by Giles in Shares are Us.......I think we should just hold our council for a little while and see what comes out.