Member Info for Sangijuelas1

It's a round table discussion about LBP production and 4D are there to discuss the advantages of having own production facility rather than outsourcing to a 3rd party.

It's not a news event.

I would be a lot more worried if you thought well of me Orphidian

Ok the same clauses were in last years agm meeting

Hence my use of the word potential and the obvious time frame in question is the next 12 months, not the next 5 minutes

No it's a specific resolution particular to Avacta.

They are also voting a share buy back resolution.

My point is that the items being voted on are not meaningless as some here have stated in their democracy cancelling ignorance.

When the voting info is made public you will see certain percentages of shareholders voting against the motions.

To authorise the Directors of the Company generally and unconditionally pursuant to section 551 of the Companies Act 2006 (the ‘Act’) (in substitution for all existing authorities granted to the Directors of the Company under section 551 of the Act (to the extent that they remain in force and unutilised)) to exercise all powers of the Company to allot shares in the Company and to grant rights to subscribe for or to convert any security into such shares (‘Rights’) up to an aggregate nominal amount of £8,440,000 (being approximately one third of the issued ordinary share capital of the Company as at the date of this notice), provided that this authority shall expire on the earlier of the date falling six months from the end of the current ?nancial year of the Company and the conclusion of the next Annual General Meeting of the Company after the passing of this resolution unless varied, revoked or renewed by the Company in general meeting, save that the Company may, before the expiry of the authority granted by this resolution, make a further o?er or agreement which would or might require shares to be allotted or Rights to be granted after such expiry and the Directors of the Company may allot shares and grant Rights in pursuance of such an o?er or agreement as if the authority conferred by this resolution had not expired.

And the permission being given for an up to 33% dilution?

Some quite important stuff there

1-New auditors appointed
2- Authorising the board to raise up to 33% of the current value of the company between now and the next AGM.
3-Authorising board to buy back 5% of company's shares

So far from nothing to see here. Part of it is to do with whether existing shareholders will be eligible to take part in the potential fund raise.

A lot of people here really are no-nothings and seemingly proud of their ignorance

Ok that explains it

755k shares traded in the first half an hour, with minimal impact on the price
Often don't get that many in a day

When is it going to drop below the placing price. I want in for more at 116

Have they never heard of Primary Bid?

On LinkedIn PATH has about 245k followers and PRSM has just under 90k.

Recent video views on LI, PRSM getting 1-3k and PATH 1-6k.

PATH has about double the followers on Twitter.

So 40 times the SP but a long way off 40 times the attention

Someone is betting big that these are going to go up soon

It's their swaps trading desk. A hedge fund doesn't want to tie capital up so BOA buys the shares for them and they pay interest on that money and then settle the difference on the swap contract dates

Ok so BOA is buying the stock as someone is betting it will go up.
BOA receive the interest and the hedge fund deals with the loss or gain.

As the BOA position is increasing looks more like they are doing it for a hedge fund that is long here and short PATH

Thanks, I am familiar with swaps but do you know how it relates to the BOA holding?

Does anyone understand the whole thing with the swaps as I haven't seen that before?

An update on what?

It's an interesting question. I think the 12% is after the funding round. No doubt there will be others if taken forward. If going well and Avacta have cash to hand they could possibly invest more.

It is financing all the research Avacta are doing in that area and it is worth taking into account that it could end up being worth billions if successful.

Without the partnership, funding and Daewoongs MSC tech it wouldn't be happening so it's something of a free hit.

Don't see a problem myself