I have little confidence in AVO's BoD but every confidence in LIGHT.
If AVO goes under, someone else will get their hands on LIGHT and bring it to market. They and their shareholders will reap the benefits of AVO's work. If I can, I will become a shareholder of that company.
I had two friends who have died of 'inoperable' brain cancers. One of them died last month, the other two years ago. I believe that LIGHT might have saved at least one of them, if AVO had been in the hands of a more capable BoD.
Bertie8
I've been following AVO for some years. I have virtually zero trust in the ability of the BoD to run a business. I am not a scientist and I don't have any specialist knowledge but I do have confidence in the LIGHT story and, by inference, the technology, because:
1. Proton therapy isn't new. It has been in use for many decades to treat cancers , using the hugely expensive cyclotron technology that requires purpose built housing with substantial shielding for them .
2. The LIGHT machine was initially developed by CERN and CERN scientists have been involved in its ongoing development as a vastly improved and very different machine for treating cancers using proton therapy.
3. Some of the BoD are reputable figures in the medical field of cancer treatment.
4. Many of the BoD are heavily invested in AVO and have not sold their shares. They stand to lose enormous sums if AVO goes under
5. AVO managed to persuade the owners of Harley Street to redevelop two of their properties, at their own expense, to house LIGHT.
I'm left with the options that LIGHT works or that the whole thing is a scam. I believe that LIGHT is not a scam but the BoD are unbelievably inept.
I've no idea but I'll make a sort of guess. Given the potential value of LIGHT and the massive amounts the leading shareholders and some of the Bod have invested in AVO, my guess is that they'll probably try to get the highest price/best deal they can get. That might include getting some of the bidders shares . We should get the same sp as them and It might even mean we get some of the bidders' shares .
If the bid attracts other bidders then we might even see a bidding war. That could be good news for us.
We should know something before long .
I believe that an RNS is only required if a formal bid is made or accepted. Negotiations about a bid may not require an RNS. I believe that the disclosure rules rules exempt the names of bidders from being disclosed when negotiations are taking place. The disclosure rules can be looked up by anyone who feels the need to find out.
The following is how the disclosure panel has always reported AVO's situation ever since last April:
"OFFEREE: Advanced Oncotherapy plc
Offer period commenced: 07:00 18-Apr-2023
25p ordinary
ISIN: GB00BD6SX109 NSI: 542,573,869
Senior secured fixed rate convertible loan notes 11 January 2024
NSI: 6,379,725
OFFEROR: No named offeror"
The entry is still the same today
HL started off by continuing to show the sp and the value of my shareholding at the time of suspension, then dropped both to nil for a couple of weeks. They reinstated both yesterday evening, coinciding with the announcement of AVO being involved in a bid/takeover situation.
CuriousInvestor6
My portfolio also continues to show the share suspended. The only thing that has changed is that my shares are now shown as having a value. Until last thing yesterday afternoon my shares had no value. So something seems to be happening.
Yesterday evening HL briefly posted a notice that AVO was in a Bid situation. When I looked on HL after the market closed the notice was no longer there. However, a notice connected to a Reg issued by the Takeover Panel - Disclosure Table, but not part of the Table states that AVO is 'involved in a takeover situation.'
That's all the information I have. Make of it what you will.
According to HL, who are now giving my shares a value again, although I'm not allowed to trade, AVO are in a bid situation. That's all the information I've got. It came through as the stock market was closing. It can only mean that someone is talking to AVO about a takeover bid. Whether it will come to anything is anyone's guess
The UK is unique among developed economies in not providing Government funding for anything worthwhile that might benefit the economy.
So the answer to your question is no. There isn't any Government funding available.
I wish it were otherwise
It's easy to imagine that if AVO had positive news to impart they would have done so by now. However, since it is the inept AVO BoD who are running the show, I wouldn't be surprised if an announcement isn't issued until just before 4:30pm on Friday. Just after the Bod realise they are obliged to issue one before the end of the day.