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I agree they have every reason to want the company to be successful. They really want it.
Problem is they need to realize they lack talent at sales.
No matter what lack of sakes talent Prof Waffle has, he is not entirely stupid.
That we are now 18 months along the line and distribution Is still thin, makes me wonder what else is going on.
It’s obvious he wants the company to work with inventing stuff not selling it. I wouldn’t be surprised if recent video is to bulk up the confidence in therapy work in prep that diagnostics will be spun off to a company capable of selling tests. Can’t see why it would be mentioned otherwise.
DD, unwinding contracts and IPR can take months, but I can imagine bubbly is cooling in the fridge. Put it this way if that process has not started I would think someone will start taking a stage and poisoning the well for others.
Short term it would have been nice if something could have been sold. But a spin out would be ok too, but hope it carries some upside from today’s price !
If there is no TO on cards, abs bugger all sakes, ceo needs to go.
PL,
thanks:)
worth a bump
I think the expectation was that the best tech is the world, which will change the market for the next 10 years plus, could have been used to generate significant revenue when the world is is desperate need of diagnostics. The fact that UK government is filled with morons, just means that the company should have played smarter. The leadership, whilst did a great job at spotting amazing tech and signing it up, they failed inn bringing it to market.
Maybe someone is in negotiation to acquire diagnostic rights, or maybe all affimer rights, but even if/with those negotiations, there must be a focus on revenue.
The board really need to move Al sideways, and bring in someone with some better commercial experience. That 12 months ago it was all "huge potential" but now it's "well the tech is proven", and we can only supply the information we have speaks volumes about his abilities.
Company is gonna be a major player in several markets or part of a bigger entity, just not with Al at the helm. I want an RNS soon, new CEO appointed.
Not sure he really cares. 45 mil and he can go play with cancer treatment which long term might be worth more.
No info to help understand why sales and distributors are thin on the ground. Could be lots of reasons, my top one being a ceo who doesn’t really know about selling and won’t take action to close that gap.
Tech is good and someone will pick it up. Some big names desperate for new pipelines.
Maybe that’s why no sales, distributor buyer in the works and would not work with other distributors, so don’t commit to deals.
It’s a stretch but in next 12 months i think likely.
Bump
What sales team?
Bump
Needs a proof read ct value of 1. Corrected later.
Hmmm a rubber glove which sheaths a rigid digit for a interior anal probing is a class 1 medical device.
I guess for some that is medicine.
LFD....that hardly scratches the surface of incompetence of the current lot, and the word incompetence is used cos the thought that they are competently funnelling money to friends and old school mates is kinda non-british and hard to swallow. That type of shot happens elsewhere.
This entire BB can be summarized in that last sentence DM
deep Pl, very deep
not having a dig but
1. I don't think anything is clear. We have no facts about anything re government and their intentions. What we do know is that the current bunch seem incapable of anything if it doesn't line their pockets. That said, vaccines did well, but then again that was run with Oxford who had in the plan for years, and NHS, rather than a friend of a friend. The best this lots did was get out the way.
2. the big money all along had been an LFD, I think, but don't know many invested for that, not to fund raise for drugs that are early doors.
but good post
Avacta need to get some leadership into sales abs marketing.
Great tech etc. but inventors tend to love themselves too much, build it and they will come.
At agm there would normally be a chance to stand up and put bod on the spot, but remote format they pick and chose what they want to answer.
the yanks aren’t here yet, but fingers crossed.
Hmmm try “leaking” a fund raise, or given a date 12 months in the wrong and see if you get away with it;-)
Good news, but that paragraph is no form of guidance. Let’s hope it comes true.
He probably means 2022
most humorous posts.....hmmmm they will have been deleted
Fat fingers, not yet had tea. :-)