focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
PM44
I believe that everything that happened while the shares were in our ISAs will have no impact on profits outside our ISAs. It's only what happens to the AVO shares now they're outside outside our ISAs that will have an impact on our investments outside our ISAs.
It's only my opinion, so I could be wrong.
Cancellation from AIM doesn't affect shareholders ownership of their shares or their stake in the company because AIM is merely a platform for trading shares. Ownership of the shares wouldn't change even if AIM, or the stock market, for that matter, ceased to exist.
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 are currently pricing my shares at 1.93p a share.
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.
I've since read another notice that says AVO is involved in a takeover situation
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
Someone is buying us out. I've got no more information than that. I don't know who they are or how much they intend paying us. I guess we might hear more on Monday
The 50 day MA is heading up and about to cross over the descending 200 day MA in a golden cross that often signals a further upward movement in the sp.
Could the regular buy back of its own shares at deflated prices be what's forcing the sp down?
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
I hope you are right. I've got a lot of shares I bought just before they suspended themselves.
Until yesterday, HL, were recognising the amount I paid for my AVO shares. Yesterday they ceased to recognise that amount in my account.