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Follow this link: https://ukinvestormagazine.co.uk/advanced-oncotherapy-investor-presentation-july-2022/
In it AVO are stating that they expect the first patient to be treated at Daresbury in early 2023. They say that Covid related problems have delayed their progress by about 6 months.
Cheers Max. I hope things will soon change for the better. The events of six years ago were traumatic and some shareholders lost a lot of their hard earned cash. I was lucky to get out when I did. I've dipped my toe in a few times since but I could never commit myself for the long term. I found better homes for my cash. If I do buy back in it will be after LIGHT is up and running and AVO have proved themselves as a viable business.
It reminds me of the good old days about six years ago when AVO shares were trading at about £6 and LIGHT was just a few months away from completion and AVO was raising money through regular placements of new shares, diluting like crazy and announcing whole rafts of new contracts to install LIGHT in multiple Chinese hospitals within a year. They even trotted David Cameron out at a grand contract signing ceremony in China when he was PM.
It all came to nothing and AVO was even sued for breach of contract by Sinophi who were their agents in China at the time.
I'm sure it's different this time. It always is with AVO.
Has anyone here ever actually seen LIGHT in the flesh? Does it actually exist?
I wonder what the story and excuses will be six or so years from now?
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.
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
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.