Wasnt these supposed to hold a investor presentation in september
another false promise
There is no credibility left no trust and the ceo must resign for a start
onto the financies
this converible loan is a disaster for bids and will see irdeto take control of the company
best case is azerion money comes in but how long will that plug the financial hole for because company arent going to be profitable any time soon
so when it does need further funds who is going to support them
they have decimated there investor base
You'll see more departures from bids in the near future as directors wont want to be associated with a failing business. In the meantime theu will all keep taking there generous pay packets at shareholder expense of course
lifestyle company with such promise. Ruined by incompetent greedy directors. The story of AIM
All previous M&A to my knowledge or most anyway as been due to a new drug being developed. Buy outs are based on predicted sales which are unknown and still while in phase 1 or 2 particularly even phase 3 carry an element of risk for the purchaser which will be factored into the price.
Now consider the proposal avacta has, it's a totally different proposition basically its ground-breaking and can revolutionise oncology not just chemotherapy but other highly potent toxins
If it is as remarkable as most are saying including the management team then 10x current valuation will be laughed at should any buyer come knocking - THINK BIGGER starbright. This absolutely has 100 bagger potential
Its the perfect storm. 200bn loss of earnings for big pharma as they reach a patent cliff. 1.4 trillion warchest to spend on M&A and the there's avacta which have what they have.
25bn is ridiculous given president set by other takeover deals, even recently which are made based on a multiple of future sales.
Lets take AV6000 only which is anticipated to have future sales of between 5 & 10bn by 2030. What value does a big player put on that one drug alone? probably something like 25bn
But then as we know Avacta aren't a one trick pony and have a whole platform technology and affirmer and diagnostics
So 25bn is ridiculous you are right StarDull
P.S. Uptick in price and volume at the 200DMA which should act like a great entry point and a spring bored here
If the hole thing was paid off in 1 it would equate to about 10% dilution i dont get why people get so excited about it
Yes looks like they are selling again but this is absolutely now the last opportunity or dropportunity people will get before the SP goes parabolic. C7 last cohort, P1A data release this quarter that sees us breakout of the trading range we have been trapped in. Get your top ups ready
Oh sharebel you sound like me only 6 months ago and sound like every other investor who has ever discovered bids for the first time. It's like the first time you hear the beetles. Problem is the more you learn the more you realise just how bad this really is it is rotten to the core amd has more red flags than a chinese military parade.
Investors are going to lose the lot here. it's not even worth a trade
Thankfully I cut my losses pretty quick. should of listened to girdz at the outset but thought i knew better. he as been right all along which is bitter sweet for him i imagine as i know he had a lot in it to begin with.
Anyway there are loads of better opportunities on aim right now. they are literally everywhere and they don't come with half the risks bidstack have. its as simple as that. Better opportunities else where
BEST case here. BEST case is that Irdeto convert at £2.75 which will leave them owning 55% of the company. They have control.
If anyone thinks that money from azerion might help think on. This makes bids even more desprate for a settlemtn so if they do get any offer they will snatch at it. James could of sorted this ages ago but he is arrogant and determined to beat azerion at all costs it is cutting his nose of to spit his face.
Notice that I say best case as irdeto can also convert at a 10% discount to the share price so holders here are totally depending on this going UP massively. Now i ask why would that happen and who is going to buy in here where are new buyers coming from because James has a reputation in the toilet nobody with any sense will touch this with him at the helm. even though the SP was up yesterday there was barely any real money changing hands it was all pennies. nobody in there right mind is interested.
All this is plane and simple is irdeto taking control of the company to stop james from trying to steal it from them after they originally invested £5m.
Get out with whatever you can get as soon as you can