RE: Strip test has been developed6 Jun 2020 15:47
I was wondering now why the development of the test strip alone didn't deserve an RNS, as many of us were clearly waiting for some news on that front? What would it have added to the share price?
I think avct management was looking after their shareholders interest, unlike GDR, by not trumpeting about their LFA. They do not want avct to become an over inflated share, whilst the necessary work still needs to be carried out.
Clearly the share price has mostly increased on our expectations, not much on deliver of actual products for sale, per se. So, if avct did release a RNS saying the LFA was ready, before the placing, would it not the 40 day average been much higher, thus, an assumed already pre agreed price for the placing have caused a much painful drop in the share price, thus hurting later investors who clearly would have bought at a much higher price than 216p?
I have a sense avct doesn't want too much publicity, just enough to increase the price sensibly and to allow investors in, and attract institutional interest at a bargain prices before we blast into the stratosphere. Why not disclose who is the misterious American investor? Because they would be able to hold the price down due to the extra attention, thus allowing institutional buying at still lower prices, as they shake the likes of dreamachine and co?
Having said that, I think we will soon appear everywhere and all over the news, and then, no one can hold the share price as demand will be too much.
Time will tell, I guess.
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