RE: CEO sells25 Oct 2020 15:13
Seems almost certain that AVACTA are very visible to government inside the NDA protected space, so I would expect that co. directors are being very careful. Would not be good publicity after we get through approvals and the sp rockets to see a bunch of large director sells. I stress large, would expect to see some sells, perfectly reasonable. In the meantime Al needs to complete on his house and choses to take ‘a few bob’ out before the real deal. Seems like an honest move to me (also preserves the prospect of becoming a Sir!)
This is a serious company with seemingly 'game-changing' products and a long-term strategy to grow the Diagnostics business and to take the Therapeutics products through clinical programmes – most notably pre|CISION Pro Doxorubicin for targeted chemotherapy. The short to medium-term cash flow from SARS-CoV-2 Antigen tests will enable these programmes to be significantly accelerated, further, and massively, increasing the potential value of the company.
@Intrepidinvestor, the cautionary note, though, should not be disregarded. Personally I think it sensible to sell a few shares to cover some or all of your costs at some point, and I will likely do the same. Timing and approach (particularly an objective assessment of the risk to yourself) is key, and this (for me) is best achieved through a lot of careful research and (at least at the moment) day-to-day monitoring of the company and involved parties.
GLA