RE: Asset value versus SP .15 Jun 2023 12:54
No one equated the LFT test with the AV6k trial, but instead highlighted that historically delays are not quickly flagged and that the past has shown that missed timelines don't go hand-in-hand with good news.
No one to my recollection is saying or referring to "impending doom."
You claim that any discussion other that a ramp is FUD.
"It’s impossible for this pathetic FUD to hold any truth -" yet you constantly lie and invent what is actually said.
In April 2022 AS said the trial was expected to complete a few months later. He, even then forecasting 3 months ahead, was 6 months out.
It is now open ended as with then new timeline put in place for and end of 2022 to complete the P1a phase, a MTD was sprung on AVCT. It took 4 months to get a new cohort together which as far as we know is still running, with probably one or 2 more to complete, however I don't know how accurate that is to believe as, so far AS has not been accurate in any instance on expected timescales.
Time is also, very obviously, an issue, as with any loss making company, cash burn becomes a significant factor. To pretend that it will take as long as it takes and that has no affect on AVCT is at best disingenuous.
It is not FUD to openly discuss these things. In fact the permanent insulting, personalising of posts that try to explore this side of the business simply highlight the weak counterarguments.
The fact is the longer the trial runs the lower the SP goes. That suggests that either the tech is not working as well as it has been reported or that time and therefore cash burn is an issue.
I don't think the tech itself is the problem. I think I said over 6 months ago that the market had already built that into the then SP. So it seems to me (imo), that this uncertainty of when this trial completes (even this phase which is just the start of the journey), is causing the SP slippage. Whether its a critical issue I don't know.
The update on 28th will have an opportunity to address this. If they cannot or do not, then there will need to be good news elsewhere in the meeting to support the SP.