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Absolutely and although the directors have been criticised for past mistakes there aren't many aim companies with directors as financially committed as this. Definitely demonstrating leadership and determination to get this done.
That will be another 5m added to the pipeline then! Joking apart it's great to see all these applications that lend themselve to battery free technology. One day I'm sure cpx will be inundated with orders to supply prizmatic supercapacitors by the full container cargo ship load powered by 100's of cpx large cap modules!!
I'm sure a court case win will come with a substantial award however I don't expect securing the payment to be straight forward. Having the IP protected and sales returning to an upwards trend should boost the sp. Unfortunately any uncertainty in obtaining cash from maxwell will allow for MM spikes. Some don't believe they do this but having watched sp movements over many years as a lth I don't see any other explanation. If cpx win sp spikes, MM sell tons of shares at over inflated prices. Uncertain news of receiving payment shortly follows sp gets hammered MM's buy tons of cheap shares to balance the books. If I'd have traded on that basis I'd have done very well and would only be kicking myself if AK actually delivered something. It's as if the MM's have a seperate 2nd line of communication from what we receive as RNS's. Obviously it's a gamble and if a big fat cheque arrives in the post then it's off to the races.
PC01's comments about taking on debt would have been a master stroke considering how things have turned out. You can only assume the BoD had high hopes of closing some deals and then the delay to the Maxwell court case will not have helped. Things look terrible at present but compared to the last time the sp drifted down to these levels cpx have an up and running production capability, an increasing order book supposedly, a ridiculously large pipeline, a greater product portfolio significantly including large cap modules and a first order with very good potential, a court case date getting ever closer and at long last 3v prismatic products. It looks almost certain funds will be required but the good news is that I wouldn't expect a problem in securing the necessary finance. Things are bad but as ever they could become much better don't see the point of selling out especially as cpx are not alone. One day AK just might deliver!
Getting ridiculous maybe Ioxus will buy out cpx with the settlement money they never ended up paying, how ironic that would be.
More seriously the tech sector is taking a bit of a battering and with the last set of poor results it's easy to trash the sp. Hoping for an upturn as communicated by the chairman but I think this will also require some positive news from companies in the wider market sector. Unfortunately this share hasn't gone to plan with profitability timescales but that's not to say it still won't happen in the distant future.
I admire your efforts TD but unfortunately it's the MM's that manipulate the sp and any action group will not influence what they do. Admittedly the news flow from cpx doesn't help and maybe you'll be able to uncover a hidden gem of news that will catch even that lot out.
As you'll know I'm not in your group but hold a significant number of shares so pass on my disapproval of their sales performance in context of a ridiculous pipeline. Also a more transparent communication of how the order book will translate into sales as all we seem to get is an increasing order book and declining sales. Confirmation of what the sales team are actually doing would be nice to know. Until they start to deliver on the numbers we'll be at the mercy of MM manipulation fuelled by the smoke and mirrors numbers they provide. Good luck with your efforts hope it results in a positive outcome for all share holders.
https://mhmembers.com/if-aim-is-a-casino-can-you-beat-the-house/
Someone posted this on another bb. Think it answers the question of why the sp reacted as it did after the 230MeV announcement. I've been a lth but the article highlights how a company like avo provides huge opportunities for traders and MM's to make money. It's really not a stable platform for a project like avo that has had so many obstacles to overcome. Whilst it looks like I've missed out on many chances to trade in and out ultimately if they deliver on this project they will be a huge success in spite of where the current sp is which quite clearly has no relationship to value. I don't know how they will do it but the issue of raising the required funds at the current sp whilst keeping existing holders happy is a conundrum. The non dilutive part of this problem is key and hopefully potential lenders will see value in what they have created to date so that a good chunk can be borrowed paving the way for an equity raise for the remainder at a decent sp.
It's always a possibility that AIM companies like avo could collapse but just because the MM's have driven the sp to what looks like a hopeless situation isn't the determining factor instead what is going on within the company is the real measure. On that basis and at face value what they have built is real and looks worth much more to me so I will patiently wait for the AIM game to correct this situation. Good luck to all that have been here for years it could all go wrong but let's hope the technology wins the day and we get our opportunity to sell comfortably above what we have invested.
M44 I understand your reservations about the BoD as I held shares through all of that and inspite of those clangers have bought more to lower my average to what I thought was a decent price. Like many though I'm still at a considerable loss with this continual decline in the sp and like some have mentioned your average is outstanding. My additional buying has coincided with significant purchases from OAM and other major shareholders including by BoD's. So not withstanding your point about the previous errors with all this buying who is it that is deciding that because of this mistrust of the BoD the sp should be 4.5p. Maybe it is due to a small percentage of shares not held by lth's that have all been sold so effectively the price is hammered by a small numer of traders. Since the announcement of achieving 230MeV which was supposed to be a major turning point the sp action looks very suspicious unless we hear bad news to back it up and justify what has happened on the surface it appears as pure manipulation but I'm sure all will be revealed.
Fair analysis M44 but don't you think it strange that with no major shareholders be it Directors or II's appearing to have off loaded their shares and infact have purchased more through fund raises that the sp has collapsed through the floor. This has also followed what was hotly anticipated as breakthrough news with achieving 230MeV.
Sometimes these drops are justified but I'm struggling to see the evidence here unless bad news was leaked that we are yet to hear. It looks like many PI's bought in advance of the major technical achievement and have now been robbed. Even the requirement for substantial additional funding doesn't justify what has happened.
I'm hoping there hasn't been a delay in the construction of the patient treatment area required at Daresbury so that this next important step can continue. Successful patient treatment/testing is the next significant milestone that no doubt will further demolish the sp if the trend continues. Dread to think what would happen if avo also manage to sign contracts for many of the 20 or so prospects in current negotiations!!!
I believe you are correct graking and cpx do have market leading edge technology in the prizmatic range of supercapacitors. I would say they pretty much sell themselves with their unique applications and characteristics. As the IoT market grows the orders will grow with it. The current orders consisting of signing up ex murata customers is what was expected and not what I'd call opening up new markets with a proactive sales team.
The large cap products however are a different story and I believe Jeff C was heavily involved in their development at Ioxus. This is where he needs to be earning his money in addition to increasing the sales of the prizmatic products. So far to date he and the rest of the team are failing miserably but that's not to say they aren't equipped with a very good range of products. When the market starts booming they'll be successful regardless, lets hope they don't just go banging on about a 100m pipeline as that doesn't pay the bills need to focus on the orderline. In fact I'd bung up the pipeline so they can stop wasting time filling it and concentrate on pulling them out the other end as orders!!!
It certainly is Jeff C & the rest of the sales team should be embarrassed compared to the success over at skeleton. My expectation is that once the market gets moving cpx will benefit inspite of their abysmal sales performance. They'll be ok at taking orders just don't seem to be able to sell anything. Lucky for us the market should recover and cpx with it.
I'm not sure we'll see customer deposits before any patient treatment takes place even then without a concrete timescale for accreditation it will be difficult to obtain customer deposits. I'd love to be wrong and the share price would fly if customers starting handing over cash. If that machine truly does what has been claimed it will be commercialised by someone. They just need this funding at acceptable terms to preserve shareholder value. It just doesn't seem right that the market can turn the news of achieving 230MeV into this mess but the dark forces operating in AIM seems to have managed it. If the sp rallied on the back of 230MeV there would have been a bit of a stampede making funding much easier. This rocky journey looks like it will continue throughout this year so will need stamina and grit to sit through it. Obviously the risk is much greater after this huge drop but equally you have to think the potential gains could be as huge if not greater....only time will tell.
If you think this is risky now you should of been here a few years ago Stan. Seriously though if you've followed the story achieving 230MeV is a really significant derisking event.
The sp reaction after this news has caught them by surprise and made financing more difficult than it should of been. One of the real negatives of this AIM market where some take delight in trying to destroy worthwhile projects and achievements such as this.
Good news regarding the potential 15m available hope it brings about a sense of calm and stability so that proper negotiations can take place to secure a longer term more favourable financial package. This issue has unfortunately become a greater risk than all the previous technical uncertainties.
Feel much better this evening having digested todays news and continue to believe they will achieve success hopefully the dilution will allow some profit for holders not fortunate enough to have shares at these bargain prices.
Have to agree and this will provide the time required to secure the funds as outlined in the operational update. It's obviously not a simple exercise in the current climate but looks more likely than not to be secured. We've been here before it's not nice but being so far technically advanced this time it's difficult to see how they won't get this done.
Wasn't expecting such a tense nervous run up to the finish line it's never easy hopefully in the 2nd half of this year we'll be looking back at this sitting at a much higher sp.
It's difficult to know what's going on wallace4, unfortunately at face value the sp should be much higher and this massive fall is destroying confidence. A statement from the BoD would be welcome but I'm not sure we'll hear anything until they've sorted the finance out and where we'll be after that is impossible to know. I'm sure Odey have been in touch to ask what is going on the sooner we all know the better.
It just looks like the market makers drop the price for no obvious reason which generates some selling/buying interest but always leaves the sp lower.
Should read 'not expecting'. Regarding silence we did get a comprehensive update that laid out quite cleary what is required. I can imagine lots is going on to tie up the required funds and until it is in place there's probably not much else to say.