Problem.20 Jan 2014 12:04
The only problem that Avacta has is one of underfunding. There is huge potential here but the progress is slow and burning money. IMHO the teach in is a twofold attempt to accelerate this progress by bringing to the attention of serious investors the future of the Affimers market and what it could mean in the way of revenue for AVCT and it's share price, plus, hopefully these investors will report to the press what they have learned which will automatically up the SP or better still have the press at the teach in.
The cash call today doesn't seem to have affected the SP which is a good sign that perhaps the issue will be oversubscribed again or may even attract new institutional investors as before ( ie NFU ).
I would like to point out again that Alastair Smith is a very shrewd cookie and I am confident that 2014 will be a very good year for Avacta, but having said that, if the teach in does not have the desired effect, a reassessment of my holding in AVCT will be in order.