Member Info for meldrew44

It's 2016 to 2018 all over again. Promises but no progress, followed by disappointment..

I've been watching AVO for what seems forever. I held when the sp was around 500p. That was the equivalent before the reverse split when it was around 20p in old money. The BoD cut the number of shares to a 25th of the previous number. That had the effect of bumping the sp up by 25 times what it had been. The current price is the equivalent of 0.16p before the reverse split. Most of the founders held at 500p. Even though they have all increased their holdings since by awarding themselves options, etc., I would be surprised if the BoD let AVO go for much less than 500p and they might want a lot more.

Hi Bimini
I have taken a small punt to take advantage of any surprise good news or upward surge in the sp. I have faith in the technology but not in the BoD. I take some comfort in what I believe is a fact that LIGHT is being developed and produced by AVO under licence from CERN. That will possibly prevent a sell out to the Chinese. It is also good that the main shareholders have never shown any sign of selling. They have taken every opportunity they can create to increase their shareholdings.
I sold my large holding at 50p before the major drop. I got out with a profit. All history now. I'll probably buy more when we are close to a completed unit being installed even if the sp has gone up from here. The long term prospects should make it worth it. In the meantime I have other possibilities for my cash.
I have experienced so many disappointments with AVO that I am not prepared to give an opinion on any time scale. A fund raising at some point would not surprise me. I wouldn't bank on the next RNS being about any developments with LIGHT.
Price expectations within next 5 years might be £5. That's a total guess. Given LIGHT's monopoly of the technology it could be more. It's along term hold.

I've been waiting for an opportune moment. I hope I've timed it right.

Hi Max. I'm back in. Couldn't resist it

The market likes the news but I agree with max 19. The sp will drop again until we get news that LIGHT is complete and we have a definite timetable for it to be installed and start treating patients. I would not be surprised if there is another fund raising along the way. The RNS could be preparing the way for a fundraising in the near future.

GAW has plans to expand globally, for example, it is currently setting up a team in China. I believe it has some way to go yet

Forecasting the market in the short term is a mugs game. It can't be done. That is why day trading doesn't work for most people.
If you believe in the share buy and hold and ignore the noise.

Or, on past experience, a lot longer.

It's interesting but not interesting enough to make me want to buy at this price.
I'll wait.

Anyone can easily prove me wrong by getting in touch with the BoD themselves and asking them a question. Try ringing the CEO. You have the right to do so.

Out at the moment. Still keeping an eye on it though.

My worry, as always, is that I do not trust the BoD. They look after themselves far more than is reasonable and have little regard for ordinary shareholders' interests . They are impossible to contact and have never responded directly to shareholder enquiries at any time during all the years I have been following AVO. All communications are through their investor relations agencies and their responses have always been uninformative at best. To my knowledge they have always treated shareholders as if we were any old uninformed members of the public who have nothing to do with AVO. To be kept in the dark.

The Kremlin is easier to penetrate.

I've just glanced back at my earliest interest in AVO around 2013 -2015. AVO had just lost some contracts with China after AVO had been supposed to supply the fully operational LIGHT system to Chinese hospitals but failed to do so.

Nothing much seems to have changed.

AVO is a story share. The story is the promise of LIGHT tomorrow. There have been several tomorrows in AVO's history but, sadly, tomorrow never seems to come. Will it ever?

Even the Howard de Walden Estate that has spent millions adapting Harley Street for LIGHT has gone very quiet about it.

Apart from other issues, the BoD have a habit of rewarding themselves lavishly for non performance.

I have confidence in LIGHT. It's the BoD I have a problem with

More of the same old same I guess. We seem to be where we were three years or so ago when LIGHT was supposed to be on track to treat the first patient within a year. A period of no news was followed by the original timetable being scrapped and the 2018 date for first treatment suddenly became 2021.

At least it is extra cash but was the shares allocation to the BoD really necessary?

I know I was taking a gamble in selling my AVO share but everything is a gamble anyway. I wouldn't be surprised if AVO drops again before there are major gains. In which case I might buy back in.

At the moment, I have more interesting prospects elsewhere in companies that have actually earned revenue.

I have followed AVO for years. It is only the technology that keeps me interested. In my humble opinion, the BOD are a bunch of money grubbing sharks. They have consistently lied to shareholders over the years. They announced timelines they don't stick to but lie about when they fall two years behind. They regularly announce new contracts that have then vanished. They have accepted money from backers that they have been forced, under threats of legal action, to repay.

They are the Donald Trumps of the stock market. Promising the earth but never delivering.

The totally undeserved share options are the last straw for me. I'm out.

Perhaps someone got bored