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Whoever the fund is has invested buttons, this is a classic AS line seen in many RNS’s being disingenuous and throwing in these random titbits to get PIs worked into a frenzy. There was one on every LFT RNS if you care to look back.
The truth of the matter is there have been no TR1s, there is again a complete lack of interest from II’s in investing in this company and that is a massive red flag whether you want to admit it or not.
"Ok McGurk, but if you sold out months ago then why were you having a mad hissy fit last week about a placing, to the point where I honestly thought you might need emergency medical treatment?"
Why would I not be angry? I've been lied to for over 4 years, you should be angry too at least I got lucky and got out with the shirt on my back for once. Good luck to you though.....
Not at all NYsize. I was very fortunate to sell out at £1.10 after December's update. I picked up on the red flags on how he changed his language around AVA6000 and the trials. It just didn't sit right and I followed my gut this time.
It didn't feel great as I sold at the low point on the day and it bounced back up to £1.19 at close.
I genuinly believed this was onto great things but now I'll be honest I'm angry at how they've acted. I could buy back in and have a lot more shares for a lot less but now is not the time for me, I will be keeping a close eye on how they behave and what changes they make.
"Oh look, another twat that doesn’t know how to read an RNS. The market knew this back in 2022. Did it take you 18 months to figure out what a CLN actually was?"
No I know what a CLN is, and as you say it's now 18months on, what has the DX arm achived in that time. I'll wait.....
You can look at the timelines from past Annual Reports their timeline was P1A to be finished by Q2 2022 we’re now heading toward Q2 2024 it’s a shambles and another reason why they can’t be trusted.
Who's having a tantrum sweetheart? It's all there in black and white if you want to look at the annual reports Phase 1a was supposed to be done by Q2 2022 with a potential for overrun in to Q3 2022..... Classic Avacta, sweep it under the carpet, tap for more cash.
Absolutely spot on Wyndrum, people don't want to hear it and as much as it pained me, was the reason for selling out last month after 4 long years holding. I also have massive gripe about the DX side of the business, they have produced nothing of note for a long time and it's barely spoken about. Add to that the debt onboarded for aquisitions just never sat right and that CLN is now also weighing on the SP.
JW is a charlatan and the biggest P&D merchant going, his "picks" are usually disasterous and there's a long line of them. Be very careful on following him on a trade. Best thing to happen here is if he's moved onto another one.
How is it hard to fathom? There's a CLN which floods the market with shares constantly. There's zero II's to pickup the slack, PI money is relative drop in the ocean and all but maxed out. It's only going one way until the company does something of note.
They have a history of missing deadlines, being slow at progressing and all the while cash will be dwindling.....