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The letter that we had today from my son’s school stated that there will be 3 tests for each child and home test kits supplied for home use... not sure if the latter was as part of regular testing or just if Covid is suspected but I think that you can multiply x4 test kits for every child in England at least
The RNS states that the money will be used to secure the order of mining equipment ASAP. ARB’s RNS this morning was to say that they’ve secured such an order.
Good morning all. I don’t post often but as a new investor, really respect all the advice given on here. Can I get your views on Avacta? I invested a small amount in it last week. Over the weekend it’s been reported that their 5-10minute Covid test will be rolled out by BoJo. (No RNS’s) It’s got a 93% accuracy. The guys on avacta are all excited about it, throwing random numbers at it as they do. Dreaming of European and USA sales too. If you can give me a balanced opinion I’d really appreciate it. Ie would this be a short medium or long term investment to get best value. Hopefully I’ve brought something to the table as I’ve benefitted from your advic before.
Thanks in advance,
Toger
Morning all, I don’t post often, but good to see you’re still in Vinson. Likewise I didn’t sell any, though in hind sight I may have wanted to sell and buy back in. I’ve been stung trying that too though. I also think that the SOA will be voted in. The wording in the RNS reassured me that Gary and his team are on point with this. Their objective isn’t to secure a high sp right now but to restructure and solidify a good company that’s previously been run poorly. The “new management team” expression really stood out for me. There’s nobody there to punish from the FCA’s perspective. I don’t think that Blindinvestors comments about the man who gets a £10 offer being spiteful towards the company helped the cause. Whilst I respect his other comments here, I personally think that if I received that letter it would go in the bin and I wouldn’t bother with a reply. Time will tell, but I’m sure that good sense will prevail.
Jimmy, you seem fixated on this arrangement being unfair to those awaiting redress. One possible alternative to an SOA is that the investors remove their funds and leave claimants with nothing. If this year has taught us anything, it’s that life is unfair. Thousands of people losing their livelihoods through no fault of their own. For investors to keep their money in the game, there has to be a business at the end of it to make it worth their while. I’ve no doubt that there will be adjustments in percentages and terms, but ultimately the suggestion is that a scheme of arrangement will pay something to the claimants. To be honest if I were claiming, I’d be grateful to get anything right now.
JD, I’m genuinely interested in why you say that? From my understanding, stopping lending has been an in house decision. If the new product is ready to go and the correct safeguards in place, why shouldnt lending commence whilst other matters are being dealt with in the background?
I haven’t noticed anybody mention Sham since the presentation. I love the fact that he’s given up some of his holiday time (with his present companies’ blessing) to work at amigo and due to join permanently beginning of January. Worked with GJ on his last 3 turnaround businesses. Tells me that they have a system that works and clearly a good working relationship. Also convinced that GJ wouldn’t bring a valued colleague onboard a sinking ship.