Member Info for meldrew44

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.

According to Hargreaves Lansdown, my AVO shares are now officially valueless.

It's easy to imagine that if AVO had positive news to impart they would have done so by now. However, since it is the inept AVO BoD who are running the show, I wouldn't be surprised if an announcement isn't issued until just before 4:30pm on Friday. Just after the Bod realise they are obliged to issue one before the end of the day.

According to stockopedia, a full Year 2022 Advanced Oncotherapy PLC Earnings Release is due Tuesday, December 26th 2023. I doubt if it'll be before the 27th

Let's hope!!!

It doesn't look good but not untypical of AVO's hapless BoD. They have a track record of poor management decisions going back many years.

I still hope for the best but have effectively removed them from my portfolio.

I think that we might not even be trading by Christmas but all the same I feel that, in this case, no news might be good news. I hope so. It's just a pity we've got such a hapless BoD.

The Bod have consistently demonstrated a capacity for gross ineptness that makes it unlikely they will succeed in what is an extremely complex attempt to rescue the company. They are too incompetent to have any hope of getting us through this. I'd gambled on LIGHT, on its own, being the factor that would outweigh their incompetence.

I was mistaken

If the plan works and LIGHT starts selling, I'd have thought that any dilution caused by the rescue package could be rendered insignificant by the increases in the sp over time.