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BB. it all depends if the trade price is above or below or on the mid price between the sell and buy price. If the trade price is the same as the mid price the trade isn't recorded as either a buy or a sell. There isn't any way that anyone apart from the parties to the trade can ever know if it was a buy or sell.
AVO has a 50 year lease on the Harley Street premises. Their landlords, the Howard de Walden Estate, have, at their own expense, completely rebuilt the interior to accommodate the LIGHT system and the AVO clinic. So I guess whoever ends up owning AVO, it will still be used for LIGHT.
AVO have paid Hardman to publish a great many positive research reports over the years. Often several each year. I've read most of them. They say only what AVO wants to tell us so they're not really as useful as independent research
Anyone else experience the heady days before the reverse split on 1st July 2016, in the days when AVO were confidently predicting the first patient being treated during 2018. The shares were trading at around the equivalent of about £5 per share now. Some people bet their pensions on the honesty of the BoD. I didn't. I managed to get out with my shirt still on my back.
It's been a long hard downward path since then, with several promises of completion of LIGHT not met and supposedly firm contracts lost. AVO even faced legal action from their Chinese agent, Sinophi, for reneging on their promises to deliver complete LIGHT to Chinese Hospitals and had to repay money that had been given to AVO by Sinophi.
OK. That attempt to leave a message failed. I'll try again.
Based on my long experience of Avo not meeting targets and the current move of the latest target for treating the first patient from the end of 2022 to the end of 2023, I would not be surprised if the 2023 target is not met either.
Hi Wallace 4,
I was just trying to make a joke response. I'm old - just a bit younger than you - and not very good at jokes. I agree with you about the ads but even with them, this is a useful comments site.
Quite apart from what LIGHT is and its respectable provenance, AVO has a solid raft of high profile institutional and private investors with major shareholdings that they mostly seem to have clung onto and sometimes increased and none of AVO's directors seem to have sold any of their shares since Sinclair sold 7 million of his in 2015 for a bit over £500,000.
It's just a pity that AVO is constantly failing to meet its forecasts for completion and is forever burning through stacks of cash
Bimini. My long experience of AVO tells me that nothing that is under the BoD's control can be taken for granted, regardless of what, if any, answers that might be given to your questions.
What I am reasonably sure about, given the loyalty that the longer serving BoDs/major shareholders have demonstrated in never selling any of their shareholdings, is that they might be reluctant to accept a takeover bid except at a very large premium to the current sp. Unless they come up with a plan that guarantees them a profit but leaves the rest of us stranded. I'm not sure what that might be.
Based on my (faulty) recollection of the prices the BoD bought many of their shares at. I think that the BoD might look for a hefty premium on any takeover price, otherwise they could stand to lose £millions of their own money.
It reminds me of 2016 when AVO kept assuring us that LIGHT was almost fully developed and on track to be complete within a couple of months. They had about seven contracts with Chinese hospitals that AVO was committed to supplying within a year or so and an agreement with a French company Thales for the construction of LIGHT to fulfil those contracts. David Cameron attended a grand, widely publicised, contract signing ceremony in China.
Then there was several months of total silence until their promised deadline was passed and they announced a brand new development schedule that put the completion of LIGHT sometime in the future. All the Chinese contracts, construction agreements and previous development schedule vanished as if they'd never been and AVO never mentioned them again.
I agree Hopester. I've been following AVO for about 10 years. I've got very little trust in the Bod so take everything they say with a large pinch of salt. If I felt charitable, I might say that their unprofessionalism and lack of presentation skills might be down to the fact that they're scientists, not business people. Feel free to disagree.
It's only the LIGHT technology that keeps me interested, otherwise I'd steer well clear of them.