Member Info for jdt1990

Appreciate your input CF73 - nice to be on a bb where there is some constructive conversations for the education of PI's.
I am hopeful here, my perceived caution/negativity is most likely due to past experiences at KIBO with the MCCP......
- Coal fired power plant to provide electricity to Tanzania
- Big Chinese backer of board GE and SEPCO III
- Fanfares for the signing of EPC contract
- Tenders all in place
- Delays
- Delays
- For unknown reasons the Tanzi govt pulled the plug and KIBO not selected to proceed past tender.

Was heavily burned there and delays on coal projects in Africa give me the jitters!

Anyway - have a great w/e all

Understood CF and reading back the RNS, it does seem like Q3 is noted as conservative to "provide contingency for the recent lockdown restrictions in China." Which must mean something is very much underway over there

In parallel to the tariff process, the Company continues to make good progress on other Project work streams, with the SHA Term Sheet expected to be completed in the coming weeks and the historical cost audit and the finalisation of EPC contracts expected in Q3 2020. The revised timeframes provide contingency for the recent lockdown restrictions in China."

CF73 an interesting thought and is that suggesting that we may be bought out of our share of this project partially or in full?
I would see that as huge positive for us right?

I don't know but I think Hanno has a LOT to answer for - he knows the market he is operating in!

That might be the case TW666 but once we move away from a sentiment based stock and have a product out to the INTERNATIONAL market, the revenue numbers and growing balance sheet will speak for themselves.
I think what you are saying is correct but only applies to the very near term, for longer term investors which includes the II's, revenues will drive the share price not sentiment of rainbow chasing PI's who think because we can now meet 6 mates in our garden COvid is over and we "missed the train".
Once they are all flushed out I think we will see the volatility here drop significantly

Fully agree hants. I think AS has been deliberately vague in the past with regards to timelines and with more info than ever on progress, coupled with the experience of how the SP reacts to "missing" perceived deadlines (which I categorically think isn't true no deadlines have been missed thus far but derampers suggested a few weeks meant exactly 21 days), for him to say end of June he really does have to hit or we will be crucified.

Reminds of how KIBO went....really hope it doesn’t turn out to be a complete sham like that Co!?
Knew I should have left anything Africa related alone. Delays, delays and more delays
Hanno needs to come out and explain this

Really disappointing and to leave so late in the day to announce, he will have known this wasn’t going to hit Q2 well before. P*ss poor from him, my top up this week looking very expensive now ffs

And with the updated project timetable RNS'd in April, well into the COVID lockdown, it would appear any delays due to Covid have been factored in. Next week could be an interesting week :)

Chaps I really feel for you with that kind of loss, mine is insignificant relative to that.

All I can hope for you is that having had no news of an updated "restructure" yet, LC might have seen your posts and realised just how scummy it was to try and pull that EGM trick with PI's sat on losses like that.

Here's to hoping he has some kind of revelation in his sleep, stops trying to con us all out of our hard earned money and decides to get out of bed and crack on with some actual tangible work for free ,until the SP is such that you guys have your losses back and he can knock in some share options at a RESPECTABLE price.

I think the BOD are probably as disappointed as we are in all honesty with how this has played out (apart from Alan Broome given he has minimal skin in the game but still manages to pull plenty of strings).

What gives me hope here is that the BOD are heavily invested, they have options with strikes at material uplifts from where we are now and have taken salary cuts to preserve the longevity of the business through a rough patch. I have a feeling this will come good but will just take a bit longer than expected.

Any result from the arbitration may give this the rocket it needs....

He'll probably donate them to the school we built for free as a gesture of goodwill, then secure a spot on the school board and be paid a salary while KIBO goes into administration.

Zoom 100% agree with you! The only people it left a sour taste for were the bandwagon crew who saw us on the risers board and jumped in or “had a tip from a mate”....gamblers not investors.
Anyone in this from the pre COViD days knew a fund raise was inevitable to progress what we had, just maybe didn’t think this soon. Given the situation, the co took a great opportunity to set them up for the mid-long term. That’s why the COViD rainbow chasers weren’t happy because it meant the focus wasn’t only on their quick buck ticket of a LFT.
This is all about proving Affimer tech and growing the business from there.
It’s business and when you look at some of the other placing a on AIM a 4% discount for 48m in this environment is a solid core of confidence.
Sadly, the people in at the peak got burned by the mechanics of AIM and the city boys looking after number 1. This was a huge fund raise in a hot market - not surprised it leaked, not AVCTd fault

£5 values the company at £1.2bn - depending on what value the pharma puts on this treatment / a combo of test and treatment who knows. Also depends on the terms of the deal as to how we would benefit from it in a revenue perspective. Lump sum cash? Royalties? Profit share?
Impossible to say on a whim like that

I also don’t think anyone was shafted by the placing itself.....it was a perfect opportunity to raise the cash required to accelerate multiple avenues that were due to be shelved. Avct used the COViD wave (albeit overdone peak) to secure Imperative funding - great business.
If I hear anyone else say “but I feel so deceived as he said fully funded to 2021” my head will explode! Fully funded to keep the lights on, not full funded to potentially turn this into a revolutionary co.
What people were shafted by was the usual manipulation and backhanded games of the AIM! Something that unfortunately will continue to happen until the regulation on here is improved which I don’t see. The manipulation was Nothing to do with AVCT, hence I hold long and strong!

I’m happy for rainbow chasing PIs to jump out at every level freeing up shares for PIs And IIs who believe in the long term vision of this Co. Hopefully as you say, this flushed out the people who are using the stock market as a replacement for their weekly footy acca on sky sports and the sticky money will just hoover up their shares.

My investment is 96% down so what’s left minus trading costs isn’t even worth selling to try and recoup, hoping for a minor miracle to maybe get half back and then try to salvage it somewhere else. Feel for anyone with a substantial investment here, shame LC doesn’t feel any obligation to help us though....

Thanks Alfa. What’s your thoughts on the impact of that given it was 2 years ago and wasn’t exactly a discount placing?
Do you think the investors taking placing shares have sold down their profits from the highs of 40/50p?
Or is it that that such a large placing of An additional 15% Has meant the demand squeeze hasn’t been there to propel this and create the necessary turnover of shares?
Always interested to hear what people are thinking :)

I just can't work out for the life in how the lid is kept i this share constantly.
A lot of ideas have been thrown about but the fact FM does everything by the book (as far as we know) and there are no derampers on here trying to bash the share (which makes this a great bb to be on), I have to think there are some bigger forces at play to keep this where it is.

The fact we are seen as a SA company wouldn't have this impact, they have been junk status since July 2019.
Vanadium prices could have been a player but as they start to recover we haven't seen BMN recover in tandem
Could someone be keeping this low looking for a low ball hostile takeover?

Hopefully the annual results knock the socks off this share!

Now where have I seen 6000 of these show up in recent weeks? Hmmmm

https://forums.anandtech.com/threads/confession-of-a-paid-stock-basher.298760/

Interesting read