Had high hopes for the share but the relentless downward drip is unfortunately a trend for company , My holding is now 50% down needs some good news to stop the rot.
If the price drops to 30p that means 10 million shares to pay heights that’s getting ridiculous , With another 3 years to pay the bad news just keeps coming.
Why if it works as Dr Tap not put it forward for FDA fast track that’s the question , And maybe why BP are not tinterested the only people making money out of this compare are the directors with there big salaries.
This is heading to the 20s with nothing to prop it up, If AV6000 works and Dr Tap has been dosing it why hasn’t it been fast tracked by the FDA or is it not as good as we have been made to believe.
By the time Avacta get to the clinic years way chemo as the 1st line of treatment will be overtaken by other far superior treatments. As with the LF opportunity at the Covid heights Avacta failed miserably so I suspect somewhere down the line another spectacular fail will occur.
Get real there are no offers BP are not interested in Avacta ,The company exists solely to pay the directors fantastic salaries and at the same time shaft the shareholders .
Wont be long until they have to magic up 8 million shares to pay loan ,They need to find a partner to get Av6000 over the line there is no appetite for an Issue to raise money.its a disaster waiting to happen.
Remember when it was over 15 p pretty spectacular fall to these levels ,My average is 12p going to waiting a long time for recovery. Think the move to the USA will prove to be a disaster.
Market not impressed up 1.12p Heights is the problem 12million yr payments, We’re years away from getting approvals for AV6000. There is no appetite for a raise so it looks like a long uncomfortable slog and an inevitable drift down to the 20s Unless BP come but its unlikely.
How close are the to getting a sale seems there having trouble unloading the company, Need a sale ASAP to pay down the loan and get rid of the quarterly payments.
They need to stop the buy back its doing nothing for the SP or investors , The SP of around 67p shows what a basket case the company has become MDV and the rest need to resign a new board can’t do worse than this lot.