Member Info for meldrew44

I hope they know what they are doing because on AVO's most recent projections LIGHT will not be fully operational until at least the end of 2018. And we all know how much we can trust AVO's projections.

Thanks for that Rhyme. I was one of those who put all their eggs in one basket. I thought I was taking a leaf out of Warren Buffett's book when he said, "if you want to get rich, choose wisely, put all your eggs in one basket and never ever take your eyes off that basket".

kenj. I don't blame you for calling me out over what In said and I agree that I've totally changed my opinion of the BoD. What did it for me was the realisation that the BoD had been less than truthful when they had kept telling us that the development of LIGHT was on track when they must have known that it wasn't. The Bracknor agreement was what made me decide to sell but more because I felt the BoD had been unwise than anything else and it threw a lot of doubt on the viability of AVO. As if there wasn't enough doubt already. Even then I still believed that the people in charge were merely naive, not dishonest. Their presentation told me otherwise. It told me that they had been telling lies. It caused me to reflect on their past statements and consider them in the light of my new understanding. It made me realise how naive I had been to trust in the facts of their standing in the wider community and their professional reputations. I will try never to make that mistake again. Call me a bitter loser if you like. I deserve it because I am both those things. I lost a fair bit of money with AVO and I am angry that I allowed myself to be taken in by their story. What was worse for me was that because I allowed myself to be taken in I deliberately ignored everything I had ever learned about investing in shares when I put my cash into AVO. I knew I was going against the rules of investing in shares but I still did it. I apologise for any discourtesy I displayed towards you and your advice in the past. Last week put my money into a few promising prospects that I have had my eye on for a while. I am already showing a small profit from a couple of them and I'm looking forward to receiving my first dividend payments in a couple of months. I'll still keep an eye on AVO and I might buy back in one day if it looks as if it is actually going to make money. Good luck all long term holders.

I packed it in at 57.5p and count myself lucky to have got out with that. I should have listened to the warnings and got out earlier. Even if LIGHT actually exists, it may never be completely developed or come to market. If it does, it is unlikely that AVO will still own it or be in business by then. They will not have access to the necessary funds to complete the job or stay in business. The best prospect for LIGHT will be AVO is bought up by one of the bigger companies. It will be for a song and there will not be much benefit to existing AVO shareholders. That is my view based on a sober assessment of the lack of capabilities of AVO's management. On the other hand, in the very unlikely event that AVO does manage to pull off the impossible I might buy back in at an appropriate time but only if there is new management I can have confidence in.

after I read what the Bracknor deal meant. I didn't wait for the presentation because I felt it was unlikely that AVO was going to come up with good news. I was right about that but I still lost most of my original investment. I would have lost a lot more if I had hung on.

I'm out at the moment and invested elsewhere. I'll still be keeping an eye on AVO and may buy back in when I judge the time is right. GL all.

I think that in the long term LIGHT will do well but AVO will not necessarily be the company that owns it. It is still worth keeping an eye on but I would not buy in at the moment.

I'm out because I believe it is going to drop but I still have faith in the product so I'm going to keep an eye on it. I might buy back in when things are clearer.

Advanced Oncotherapy (LON:AVO, 57.50p) – Hold 'Our view: Quite simply, investors consider standby-equity-distribution-agreements (SEDAs) or large unsecured convertible-loan-note offerings (whose conversion is not at a significant premium to VWAP) to be toxic. They are a financing facilities that can effectively create sizeable equity overhangs at or below the existing market price. Others that have employed such facilities, either with Brackor Investment Group or one of its numerous peers, have on occasions seen their equity prices pressurised for extended periods as the lender effectively saturates the market with discounted equity. Even if the lender does adopt a more responsible attitude to off-loading newly converted equity positions, investors are likely to remain concerned that such new holders do not necessarily share the interests of existing ordinary participants. AVO's near term funding needs are already well understood, although the expected terms of the non-dilutive financing plan outlined on 23rd January along with Metric Capital's facility were expected to plug the gap without the need to resort to any additional arrangements, such as the one announced on Friday or perhaps another deeply-discounted equity placement. Indeed, the biggest surprise of all is that AVO's giant French manufacturing partner, Thales Group, which appears to have made a deep commitment to the development and prospective production of LIGHT was itself not the one satisfying the funding requirement – this would, after all, have been an obvious way of reinforcing its commitment to the project while also fending off any first generation proton beam system providers (such as Elekta, IAM, GE, Mitsubishi, etc.) who will undoubtedly be interested in getting their hands on LIGHT technology once it has been successfully prototyped. So the bottom line is that, such a large CLN financing arrangement on these terms can be expected to retrain the equity's performance for the foreseeable future. Of course, investors and analysts will be provided with a LIGHT technical development update in London and Zürich in the second week of March and this may help convince non-believers that the science will eventually turn into an extremely valuable commercial opportunity. Anticipation of this could temporarily boost the equity price, but the reality is that shareholders have become somewhat tired of waiting and may now consider they would prefer to be exposed when the Bracknor facility has eventually closed and the technology is seen to delivers against best expectations. This may take some time. Beaufort accordingly, with something of a heavy heart, has decided to downgrade AVO to a Hold (from Speculative Buy) and looks for a better time to recommend investors expose themselves once again.' I'm out

What is not to like is that we are leaving the EU so ANCR stands to lose all that business.

The main purpose of Harley Street wiil be to showcase the superior LIGHT system and sell it internationally. Harley Street will serve an international clientel and also provide free treatment to British children. Harley Street will not be in competition with UCLH.

cromer Do you mean I did not comprehend the significance of you insisting that AVO has merely got a version of a cyclotron when AVO said it was a completely new technology? I must admit that I always assumed you simply did not understand what AVO was saying. I did not realise that what you were actually saying was that AVO were lying about their technology. I apologise for not comprehending what you meant. Perhaps if you had said what you meant more clearly, I would have understood better

I agree 938MeV. cromer has outed himself. He clearly had a vested interest in rubbishing AVO's technology all along. He has dented his carefully contrived image of innocent ignorance and his credibility somewhat.

I read what TW said. However, if the money enables AVO bring LIGHT to market and it succeeds, why can't AVO dump the agreement like Valirx did when it's no longer needed?

Whoever it is doesn't seem to agree with the derampers.

This is not bad news because we all knew that AVO was desperate for cash and had to do something about it.. What this means that AVO should now have the wherewithal to complete testing, begin manufacturing and bring Harley Street on line.

SMTrading. Out of hours trading is very commonplace. Anyone, including you or me can do it. It has no implications attached to it just because it is out of hours. This evening's trade was for a mere 1171 shares at 71p, amounting to £831.

I would have thought that non-dilutive ruled out a placement.

SMTrading. It's anyone's guess.

After hours trades are very common, including on AVO, so nothing to comment about. The ones to watch for are the ones over a hundred thousand shares, perhaps a few hundred thousand, no matter what time of day they happen. There haven't been many of those recently.