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Id like to know what this actually means for the patient. An end of life patient, have they now been given years to live rather than months? Knowing that avacta can give time and hope to so many more patients that have make me very proud indeed.
Haha i'm glad its not just me that feels this way! I really like round numbers when it comes to the number shares I hold
Dyson demonstrated belief, perseverance, and personal sacrifice to succeed. Not sure what the comparison is between Dyson and our extremely well paid board!
Get ready for the SP to rise, bergen to convert at these sub 2p levels and then for them to dump them. Rinse and repeat.
I guess we'll find out Bergens intentions as the 22million shares enter the market today. I'm also keen to see what the price is when they convert another proportion of the outstanding loan.
I only dug into it to see how many more shares could potentially be created and thought I'd share the terms of the convertion. Hopefully with so much good news on the horizon the share price will continue to rise.
I don't know if they are being held onto or if they are being flipped for a quick profit.
Another £250,000 converted to shares at 1.1p with £1.7million left outstanding.
Quote from the RNS 23rd August 2019
The conversion price of the Convertible Securities is (a) the average of five daily volume weighted average prices of the Ordinary Shares, during a specified period before the conversion date, rounded down to the next 1/10th of a penny, or (b) 140% of the average of the daily VWAPs for the 20 trading days immediately prior to the execution date of the Agreement, being 5.78 pence per Ordinary Share ("Conversion Price B"). The Investor may only utilize Conversion Price B for Convertible Securities with a par value of no more than £800,000.
This is from the 'first tranche' the 'second tranche' of £2mil hasn't been issued (yet).
Thanks for the replys. I went on their website and according to their trading update from the 9th June they are producing 3 LFTs. Two of which will be antigen tests and one is a antibody test. I assume they are further behind Avacta in their development but I don't know much about their technology to know if its any threat.