The cake is rising in the oven23 Apr 2020 12:06
It seems that the placing has caused some people an issue.
If we look at the placing RNS for the rationale it says it is for:
1 The phase 1 clinical trial of AVA 6000
2 Advancing the Affimer pipeline with partners
3 Further commercial progress with partners
4 a pipeline of diagnostics for licensing
My conclusions, for what they are worth, are:
1 AVA 6000 is the key Avacta product
2 Looks like we have advanced the Affimer pipeline with partners, including a new partner, Cytiva
3 Commercial progress is key to business revenues
4 The licensing of diagnostics is key to future business revenues
I understand that some people just believe this is dilution but that depends on the size of the pot that there is to dilute going forward. I do not doubt that the pot size here will increase substantially and perhaps looking beyond one day is more appropriate than worrying about who has some allegedly cheap shares that anybody in the previous three weeks could have bought just as cheaply but didn't.
Not looking to argue the point as everybody needs to make their own decisions. Just seems sensible to base those decisions on facts.
All the best. Enjoy your cake.