Guess its a deramp, but its true5 Jun 2020 09:32
Sorry, but History will show this is a sham.
Avacta struggles to develop or commercialise anything, send out a couple of RNS about an unproven technology they call Affimers that have never been shown to work, and promise they will cure the world. Market Cap flies, and then they raise £48M, the vast majority of which is to fund the old core business that never worked either. When Affimers don’t work out, they won’t care. But is will be a long time until you hear that because it’s a self-declared CE mark, and the commercial partners (who also are AVACTAS shareholders) won’t let you know they don’t work. Unbelievable. Only AIM. The company should have much more solid evidence to justify this market cap - Many PIs going to get burned overnight when that RNS eventually comes out – or never comes out.
If you’re an investor that believes in the old core business, this has been an amazing windfall. If you’re investing for the COVID story, you’re in trouble IMO.