Member Info for meldrew44

I agree that 2021 is the make or break year but I am concerned at the lack of information about progress at Harley Street. The building works seem to have been completed and the site has apparently been handed over to AVO but we have heard nothing since then. I would have hoped for more information by now.

I hold because of LIGHT and its provenance from CERN but I have doubts about the BoD.

Stockopedia classify it as a sucker stock

Do what I do. Get yourself a load of other shares to take your mind off AVO.

I topped up with £1000 of shares this morning at 26.25p. Unsurprisingly, at that price,it shows up as a sell.

I hope so.

The issue is whether the BoD are actually telling us the truth this time.

Things do seem to be coming together at last so I am more hopeful now than I have been for a long time.

I have seen very many very upbeat Hardman reports about AVO over the years. They get wearying. I haven't read much more than the headline of this one but I could probably tell you more or less what it says. For example, " AVO has seen significant commercial traction, with three collaborations announced in early 2020. " They said the same in 2016. Those collaborations vanished along with others they announced later on. I only hope that the same doesn't happen this time.

At least the Harley Street site really does seem to be progressing. Although, I was not able to find any reference on the de Walden website to AVO.

I hold AVO shares and just topped up but I remain cautious and cynical.

I'm happy with it even if not many others are interested

I've been a holder, on and off, for over 5 years. I was lucky to sell before the big drop.

I'm back in because things seem to be coming together at last, although I share people's doubts and agree that it will probably take some time yet before we see the sp move much.

Two things in particular I don't like about the BoD are that they don't communicate with shareholders like us and it is impossible to communicate directly with the BoD. All communications are always through whichever company is handling their investor relations. Historically, they rarely gave straight answers.

It is only the LIGHT machine and its CERN provenance that keeps me interested.

I topped up this morning. My buy shows up as a sell.

A positive RNS today

One thing I like about AVO is that if it comes good it should do well despite any global turn down from Covid.

Don't worry Max. As you said there are plenty of great opportunities out there. I could name you some if you like. I've got a few.
GAW has reached new heights despite the market drop and could go much higher.

AVO could be just as good. Maybe!

I have been concerned about the Chinese involvement for some time.

I think that LIGHT has enormous potential for shareholders but only if the BoD can get their act together and keep control of the company. Among the potential dangers I see is that the BoD is so inept that they would allow the company to be manoeuvred into insolvency by, for example, Chinese interests and snapped up by the Chinese at a pittance in order to get their hands on LIGHT. If that happened, it would remain to be seen what steps CERN could take as owners of the licence to keep control of what happened to LIGHT.

I haven't paid that much attention except to note that there has been a fair amount.

iWantThatOne. Were you around when they did the reverse split? That was about 5 years ago. Not long before the reverse split the sp was around 30p under the old valuation. That would be around 750p at current rates. There was a clear expectation of at least 100p equal to 2500p today. By the time the reverse split happened the sp had dropped to 8p. The split cut the number of shares to a 25th of the pre split number and increased the sp by a multiple of 25 from 8p to 400p overnight. The new sp quickly dropped to 8p. That equated to 0.32p under the pre split valuation. the present sp of 26p still only equates to just over 1p at pre split values.

The PER target price of 225p still only equates to 9p under the pre split valuation. Peanuts in comparison to what the BoD led us to expect at that time.

You had to be around in those days and experience the enormity of the damage done to shareholder's investments in AVO to understand the lasting mistrust of the BoD. They lied to us about the progress they were making on developing LIGHT. The same directors are still on the BoD.

I never owned at the peak and got out with most of my cash intact before the final plunge. I have recently bought back in at a fraction of the original price.
Having witnessed the amateurish management over the years I have no great faith in the ability of the BoD to realise the full commercial value of LIGHT.
The only thing that has kept me interested, albeit at a much lower level of investment, has been the CERN provenance and the fact that CERN owns the licence to LIGHT.

Hi PM44. I was lucky I got out before the big drop and kept my shirt. I still have a few shares in AVO. Only as a small gamble on the outside chance that they might come good some day. I don't trust the BoD and I'm in because of the technology and CERN's ownership of the licence for LIGHT. There is so much that could go wrong. The Chinese connection is a concern given their reputation for taking ownership of Western companies and technology.

The BoD has always been unreliable. Back in the day they kept insisting that they were on track to treat their first patient in 2018 and held to that story long after they had obviously missed multiple targets on their development schedule and were being bombarded by loyal shareholders for answers. The BoD lied and kept on lying. Then, out of the blue, they published a new schedule with completion pushed to 2020/21, The share price collapsed from £8 and a lot of loyal shareholders got their fingers badly burned.
They had a well publicised grand signing event in China of contracts for 7 Chinese hospitals. The PM, David Cameron, was there along with senior members of the Chinese Government. They were paid a hefty advance by their agents Synophi.
The contracts vanished into thin air when the Chinese realised that AVO could not keep their promises. AVO had to refund the advance under threat of being sued after AVO at first refused to pay up. all references to those contracts were quickly deleted from the AVO website.
We recently had a reprise of that story with multiple new Chinese contracts awarded and millions raised. I cannot find any references to those new contracts on the AVO website. They seem to have been deleted in the same way as all references to the old contracts were.
I accept that it must be difficult to develop a complex system such as LIGHT but even so it would help shareholders if the BoD were more honest.

so very much of 2016. I don't have position and won't have until I am satisfied that there is not going to be a repeat of past events.

ceremony in China, attended by senior Chinese and British Government Ministers. They had signed up Sinophi as their Chinese and Asian representatives and received large sums of money to complete everything. They lost the lot because they couldn't deliver. There is now no record that it ever happened.