Member Info for meldrew44

I've been an on and off investor in AVO since about 2016 and suffered quite a few disappointments. I have been lucky in not losing too much money when the Bod let us down. I am now back in at a low price, in profit for the first time ever with AVO, and cautiously optimistic.

Is it possible to view it anywhere? Is there a link?

What did he say?

I regret selling so many but I kept enough to make me a reasonable fortune if it does well. I'm already in profit, even at this level.

I sold over half my holding yesterday. I'm not sure if I made a mistake or saved my bacon.

I'm with you on that Vanilla. Many , maybe all, of us stand to make a good profit if AVO can sort out their finances.

I was referring to AVO's statement in their 1st March RNS, namely:

"The funds raised will further strengthen the Company's balance sheet and contribute to the funding for progressing the assembly, documentation, verification and validation activities."

I've just topped up but I'm confident that my buy will be shown as a sell because it's below the mid price.

Easter Tuesday is also a holiday for public services, eg. Civil Service, Local Government and most schools in the UK. I'm not sure about banks and the London Stock Exchange

The convertible loan was intended to provide sufficient funds to enable AVO continue the development of LIGHT to final validation. I assume that hasn't changed.

Probably not Tuesday. I believe it's a public/bank holiday.

I hope we get a TU tomorrow

I might be naive but I can't see the BoD allowing the LIGHT project, that they and CERN have devoted decades to, just fizzling out at the last hurdle for lack of funds.

Just my opinion but I don't see what is happening at this moment affecting Sosandar's future prospects

The last time the AVO sp was near this level, they did a reverse split. Could they do it again?

An alternative hypothesis might be that many people don't trust the BoD to deliver. Their track record of consistently overpromising and underdelivering might account for that. However, we still have to accept that the members of the BoD have all got a lot of cash committed to the project and none have sold and there are other major shareholders who haven't sold either. In fact, all the major shareholders have proven to be very sticky. That must say something about their trust in AVO the technology.

I topped up at 4.3p this morning but it's shown as a sell

The date of my 2nd purchase, the activation of the stop loss and my repurchase was 1/3/23.

No problem guys. For clarification, on 9/2/23 I bought AVO shares for 8.39p having previously had none. Early in the morning of 1/323 I bought more at 6.18p and set a stop loss on my whole holding at 20% below the sell price at the time of the 2nd purchase. Later that day I discovered that I didn't own a single AVO share because my stop loss had been activated and all my shares had been sold at 4.7p. I wasn't best pleased. I scraped together every spare penny I could find and bought back in that afternoon at 4.6p. As a result of that purchase I now have more AVO shares than I had before the stop loss was activated.

Vanilla. I take great comfort that only one or two of the BoD have ever, to my knowledge, sold any of their shares. Those who did only sold some. None have sold any of their shares in recent years and most of them have increased their shareholdings. It demonstrates their great faith in AVO and the technology. However, I still have reservations about their management of AVO. They've managed to do some strange things over the years, including a high profile announcement of several Chinese contracts when the then Prime Minister, David Cameron attended the contract signing ceremony in China. None of those contracts exist now and we'd be hard pressed to find any record of them outside of press releases that some veteran shareholders might still have. AVO had to pay back a large sum of money for those contracts when they reneged on them.it received for them. There have been other incidents, including their failure to complete their promised development of LIGHT and treat their first patient by 2018. They kept us all in the dark about that until the completion date had passed. I suspect that memories of those quite significant clangers that caused some shareholders considerable losses through having faith in the BoD's promises, are still having an effect on the sp.
For my part, I've returned to the fold because I believe that their current promises look as though they might actually be kept this time.