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@PapaZulu,
It seems enough people have tried, and that we can't change gov policy, they must be aware of the situation, but high up, have their own agenda.
We just have to trust the AVCT sales team are selling to whomever else, e.g. Europeans, airlines ROW etc!
Good of her to reply, but just trotting out the official line. We are going to keep using the Chinese c**p until end August.
TBH, I hope we become the "sovereign test", for the kudos it would bring, but I will not lose any sleep over it, as I am trusting AS when he says "we will sell all we can make".
There is a big wide world past these shores!
@ Wiggly
"You cannot remain silent while the share price crashes each day. 280>118!!!"
With all due respect, AS can remain silent.
The way I see it, it is not his job to react to SP, unless caused by something that should be RNSed.
As AVCT is the biggest holding in my SIPP, I am not enjoying the SP crash, but if AS is doing his job honestly, then the reason for the drop is not down to him.
I'm replying to your post specifically because you have summed up nicely my thoughts on why we are were we are.
"If the LFT plans have gone to **** and no sales are expected then update the market!!! If the plans for min 5m (your recent guidance!) remain on track, with potential to scale to 60m, then now is the time to also update the market that the previous guidance remains in place and there is no reason for the drop"
So, if no sales expected, then an RNS COULD be made, but I'm not sure if regulation wise would be mandatory?
If the plans for min 5m (recent guidance) etc, then I don't see he has to update the market, lets assume there has been no change to the production numbers, so no RNS needed. No news, business as stated (good news!)
Finally, "and there is no reason for the drop", here again, it is not the CEO's job to speculate on reasons for SP movement, unless caused by facts that should be public knowledge (RNSed), no news = good news again. As other threads here have had members stating that their orders are delayed, I surmise either there is a slight delay in the ramping up of manufacturing, or the demand is so good, they are having trouble keeping up, either scenario are no cause for concern.
My guess is the crash is due to a combination of;
Day traders and shorters gambling on the stock.
An expectation (previously) we will be the sovereign, and news has leaked this is not the case. (AS never said we were, all speculation in the first place)
Still no sales numbers, so impatience and fear none will come.
To sum up, if you believe AS when he says we will sell all we can make (ROW?), and they are making them right now, and the other parts of Avacta, e.g. AVA6000, have a chance of succeeding, you just have to hold your nose and wait for the sunny uplands!
If not, then you don't trust the CEO, so sell up. Everyone who wants news from AS now, is really asking, "are you honest"?
I've never seen an RNS saying that from any company. Make your own judgment.
We can all praise Scarry's letter, and send to our MPs until the end of time.
They may well pass it up the chain/ask a question, but DHSC has, as we all know, co*ked up, and the top brass and or government cabinet, are either inept or on the make.
In either case, they will ignore or stall, calling them out goes nowhere until exposure on MSM forces their hand.
I'm not too bothered, as I think sales will come anyway.
@Scardey_cat
Great that you have sent a very good letter to Julie Bradshaw, but as regards sending to MP's, I think a waste of time. I agree with Zendog that Steve Baker and some others do the work they are paid to do, but the rest of the s**tshow,
As the royal family don't say, - Never address a complain(t), never explain!
@greedo
I suspect AS is too busy to worry about the share price. Any company only really needs a strong share price if they need to raise funds, which AVCT don't.
As a LTH, it is frustrating to see a paper loss, but unless I panic and sell, it is just that, a paper loss. It is where the SP ends up in the long term that matters to me.
Having said that, this share seems a perpetual "jam tomorrow" share!
Everything will be good when we (eventually) get the "sales made" news.
Rant time.
We have a misty eyed view that UK scientists are among the best in the world. Because Brits invented lots of sh*t, Bletchley park etc.
I'm sure some still are brilliant, but the procedures at PD were dumb. If you want to test a devise designed to work on live humans, test on live humans! It seems obvious to a lay person, but probably the "experts" at PD say, "we have always tested with frozen samples", so are stuck in their ways, = bad science.
Curious but lazy scientists caused this pandemic by fuc*ing around with bat viruses, if you think that a bold statment, google "the origin of covid" and look for thebulletin.org.
complicated but shockingly fascinating read.
If you liked that, read the Piper alpha Wikipedia page on another story of how lazy or bad practice with paperwork lead to 160 odd people being burned alive.
Just catching up, so we have EU approval, and the Innova story is breaking mainstream, hence strong blue!
My guess on the next stage of the LFT story.
UK gov says, "the naughty Innova people fibbed to us, not our fault", it will give an excuse though, to bin any remaining stockpile.
We start selling to UK gov and/or EU countries.
There is some (hopefully small), resistance from the public, some of whom say "LFT, no thanks them are all rubbish, it was on the news"!
I'll go first then!
You lost, get over it, if majority rule, and they do, Brexiteers were right, and it will do nothing to sales if our EU "friends" want them.
BTW try this one
https://www.telegraph.co.uk/news/2021/06/09/imperial-eu-blind-folly-unequal-northern-ireland-brexit-treaty/?WT.mc_id=e_DM1440294&WT.tsrc=email&etype=Edi_FAM_New_ES&utmsource=email&utm_medium=Edi_FAM_New_ES20210610&utm_campaign=DM1440294
Crazy share price ATM, just topped up with what little cash I had left.
How can SP be well below before MHRA news. Oh yes, no sales.
Scardy cat gas it right I think, the machines are spinning, and product already allocated. If not, sand to the Arabs scenario.
Very close to lift of now, the last TA drop before news lifts to over £3 and beyond!
Tripo,
Yes someone has profited from innovas monopoly, it will be interesting if any inside (government) involvement comes out, but I think it more likely that it has been some Avacta hold ups, but mostly the dead hand of the state machine in this country.
We all know how PD slowed things with there frozen samples which did not suit our LFT for example.
the vaccine rollout has been very good, but they got a private commerce woman to oversee it.
I'm afraid the blob in this country is glacial and "stuck in their ways".
I for one was very pleased to see the RNS and it's contents, after yesterdays "stickygate"
It was clear, concise, and even said Mologic OR Avacta, to try and cover any further conspiracy theories.
As others have said, it is difficult waiting, but if one believes in this company and what AS says, great things are imminent.
In the coming days, months, or years!
I'm afraid any detail of mistakes by the blob, might not make it onto mainstream media (BBC, ITV etc)
The narrative seems to be DC is a maverick, not to be taken seriously, and the MSM has been complicit with the state of fear foisted on Joe public.