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They'll just extend the repayment date and continue to pay monthly interest after all he is a major share holder. They really need the cash from all these 25p warrants especially the 16m that expire in July so if the SP isn't a good deal higher by then it will another raise and more warrants. Mind you the SP will only be higher with the announcement of a working machine at 230MeV & if that isn't the case we could be in trouble SP wise. I'm still predicting late July for the big switch on.

Looking at those numbers it's fair to say with hindsight CPX would of been better to stay away from licensing and go the direct manufacturing/sales route instead. They have that now with the murata deal so catch up time in this growing market and the results should confirm the numbers are moving in the right direction

Do you know what Wiggly having invested and followed several AIM stocks I think you might be spot on there.

You are right about avo's inability to communicate accurate timescales and there was a time when the brachnor financing was done that the risk of failure was high. However since then the quality of investment funds raised is such that technically they must have been very reassured to step in albeit with favourable warrants. With the information on view now it's reasonable to conclude that it is very close to completion but will still require the relevant fda and ce approvals.
At that point how things progress commercially is unknown but based on past form you can't take any previously communicated plans with any confidence but without doubt there will be a path to commercial success. It's going to need significant financial, engineering and logistical resources that is either funded internally or by a 3rd party. No matter what avo have said previously once they achieve this major milestone of a working machine there will be 3rd party interest that might just progress in the form of a acquisition, partnership or some significant stake in the business to take it to the next stage. If they achieve this by building, testing, decommissioning then relocating each system from Daresbury then fair enough I've underestimated the scale of that operation.
Irrespective of all that the key thing for me is that with a soon to be working machine at 230MeV and a current SP around 25p there is a very good chance of a significant increase in value. I must admit I am scratching my head as to why when we are as close as we have ever been to completion with technical risk reduced to the point only one more piece of equipment needs conditioning why is the SP so low. I really hope investors haven't been lied to again and that avo succeed and can proudly show the world what a fantastic peice of technology they have developed!

Don't think we can identify that information for sure but the bills must be ramping up. We know some services have been provided in exchange for shares and warrants and cash must be running critically low with the continual overruns. The sooner this machine is working at 230MeV the better but even then there is a long way to go with patient treatment required before UK sign off which I believe will be more protracted than the US FDA sign off. There's going to have to be a major financial deal to support that next stage and if it doesn't come through customer order funds/deposits, additional fund raising or exercise of warrants I wouldn't be surprised to see a take-over. Whatever happens when the machine is operating at 230MeV I'm sure the SP will be much higher but the future after that is anyones guess as the current setup doesn't appear to me to facilitate the volumes anticipated based on the predicted demand for affordable proton treatment.

Am I missing something OS the interim results were out 23rd February. End of this month is year end.

I agree SC 20p really should be achievable with the deals signed up once the orders start to come through. Those IoT deals could become very large as the market opportunity is enormous. The thing about this share is that if it does take off as a result of strong orders it could spike way above 20p. Like you & several others here I've built a substantial holding & would be very happy with that but if confidence is high I might hold on as who knows 40p maybe realistic or even 57p

Hopefully the last piece of the jigsaw puzzle before 230MeV but I still think we could be waiting until late July. Unfortunately hitting stated timescales is not one of AVO's better attributes but still when they get there this will be one impressive feat of engineering that should be worth much more than the current valuation. July is key as 16m 25p warrants are due to expire so the pressure is on to boost the SP or AVO miss out on £4m

Market cap is valid when comparing historical company values so in 2006 cpx was valued at 45m and today is around half that at 24m. But if you'd invested £100 in 2006 at 93p today that would be worth about £5 losing 95% and requiring a 1900% rise to get your money back and a mcap of nearly 500m. The chances of getting your money back from 2006 are slim but a mcap of 200m might not be out of the question with all that is on offer.

I've found that in one of their funds called Odey Special Situations launched in Oct 2019 they had just under 3% of AVO. They've obviously recently added to this exceeding the 3% notification threshold resulting in the Holding RNS.
So they've been holding for a while and might not be a top performing fund but increasing their stake at this crucial point in time is probably on balance a good sign. Hopefully within a couple of months all will be revealed.

I don't recall whether these were previous investors, if not this is a significant stake to have obtained. Maybe they are buying up all the warrants. If this is new I don't see it as anything but positive that the anticipated news the machine has been switched on and shoots billions of protons a second at 230MeV will be announced within a couple of months.

News like this is always going to invite 'jam tomorrow' comments because to be fair for all the years I've been invested here it has been the reality. Very frustrating when news of delayed customer orders due to waiting for the latest 3v or graphine products to be developed which has been a factor in previous years.
This time I'm hopeful that the current product range produced on the murata equipment is selling very well right now and that these future product development announcements should be seen as reinforcing CPX's position of being the leading company in this market now and well into the furure. This time providing customers the confidence to partner with CPX knowing that they will have leading edge solutions for many years to come. We'll find out results time hopefully we'll get the figures required to boost the SP.

I think we are at the stage here that whilst these news articles are all positive and hopefully leading to increased sales until we hear from AK and the Company that sales are growing as per broker forecasts it doesn't look like this share is going anywhere. Just have to wait for the update to find out how it's going.

Yes my mistake meant prismatic but if AVX pay up the licence fee then they can also sell bucket loads

Very true Open having seen this share rise and fall over a number of years for no apparent reason. The business is potentially in a better place than it's ever been and the supposedly forward looking market values the shares at around 4p. Let's hope that the figures come through this year and with it a fair SP and we don't get anymore news of delayed orders as customers wait for graphene products or 3v or whatever the future might be. We need these prizmacaps selling now like hotcakes and a bit of IoT hype could do wonders for the SP.........might even see 50p if the lunatics arrive look at ITM, CERES and other green energy shares

He might not be everyones favourite here but I think all would agree that the valuation of 51p in this article provided by wobble would be a satisfactory outcome.

https://simplywall.st/stocks/gb/tech/aim-cpx/cap-xx-shares

I think the key focus is getting a fully working machine operating at 230MeV asap and seeing how this unlocks value for shareholders. How everything unfolds afterwards including FDA and UK/EU approvals, Harley St, converting existing LOI into real orders and creating a streamlined manufacturing process will follow but probably in a different way to any current plans/timescales and we'll just have to wait for announcements on these as plans are put into place. With a machine finally working the statements that follow this milestone will have some meaning and until this point anything else is just guesswork.

Well that was interesting he mentions first patient treatment early next year. I hope they start to install Harley St before then in anticipation of a successful UK approval process at Daresbury involving human patients. Seems like there is lots to do between achieving 230MeV and then 1st patient trials!

I think July with most of Q2 being used to provide the additional documentation for FDA approval. Not sure how the SP will react as there are 16m 25p warrants due to expire in July. That would provide £4m of funds to AVO if taken up which is good news but also provides further dilution and may peg the price at 25p until demand for shares increases. The date for first patient trials will be important as it will allow for UK/EU approval and then Harley St will be a step closer. As confidence increases you would expect to hear news of confirmed orders and details of plans on how these will be manufactured and installed so alot still to happen.

With apple expanding their offering in health & fitness monitoring I wonder whether they would license this technology