RE: European Healthcare Fund12 Apr 2024 07:50
AVCT - have re-read the RNS's at the time of the Height's raise, and the MM notes at the time.
On reflection, MM was positive about the DX acquisition, not sure where you get your reason for talking about someone's margin call - that is making a negative assumption, and you're playing the man not the ball, unnecessary. The reason for our travails have not been all AS or Avacta's fault. From a business/ science perspective they have been remarkably successful, and who here would think that a company having a trial demonstrating early signs of efficacy and amazing safety profile, would not have this somehow reflected in their SP, and not have BP biting their hands off for a valuable license deal. The above was the case in Jan 23 RNS.
To their credit they didn't take the cheap license deals that were 'offered', thereby devaluing the trial and the product. I would still, however like to hear some reasoning for the pump fake given to shareholders, around "funding, don't worry about it" followed months later, without retraction of the above statement, by a 50p fundraise to regain confidence that AS does have some alignment with shareholders, and we are not going to be trodden underfoot for AS's ambitions for Avacta and himself. I've been invested since Feb-21, and have been happy buying more shares each month for the past two years. This month, I would like to hear AS talking to shareholders openly.