Advanced Oncotherapy Share Discussion Threads

[aimfollower] 08/12/2016 21:15

Advanced Oncotherapy PLC (LON:AVO) Thales partnership, and further development
8th December 2016

[daijavu] 08/12/2016 17:49

I think that the fact that the BoD and advisers include a number of people of high standing in the medical and business worlds is fairly important as is the provenance of the LIGHT machine. There is also the fact that the directors and shareholders with the largest stakes have remained loyal.

I wish the BoD were more communicative but that is not uncommon among companies.

I'm happy to hold the shares but everyone needs to do their own research and make their own decisions about what they want to do.

[igbertsponk] 08/12/2016 16:19

Laughable podcast. He harps on about the heavyweight board without mentioning Lord Evans. And then hadn't a clue about the stage payments (which are tiny).Anyone reassured by that needs their head testing.

[vatnabrekk] 08/12/2016 16:01

Did someone suggest that AVO might get compensation from Sinophi for breach of contract? I doubt it, for two reasons. First, the reason given by Sinophi for termination was because of delay in delivery. So why would AVO be entitled to compensation? Secondly, if this contract is with a UK company, then presumably it is with Sinophi UK, which has reserves of £10k and is basically inactive. So it is unlikely that AVO would be able to hold them to a contract of any substance.

[sweet karolina] 08/12/2016 15:53

What is needed is proper clarification of the delivery situation from the board in an RNS not a load of PR blather and podcasts with Justin the Clown.

[aimfollower] 08/12/2016 14:32

Advanced Oncotherapy PLC (LON:AVO) other sites now being assessed AS Dr Enrico Vanni invests £48,500 of his own money.
8th December 2016

[gerhart] 08/12/2016 14:12

Thanks Aim

[gerhart] 08/12/2016 13:49

Aim, thanks for the link. Won't get a chance to listen to until tomorrow. Did the interview touch on the current issues of concern?

[aimfollower] 08/12/2016 13:32

Advanced Oncotherapy (AVO) will soon be available in the UK for global cancer patients to access.
8th December 2016


Advanced Oncotherapy (AVO) Fantastic Interview LIVE
8th December 2016

[vatnabrekk] 08/12/2016 13:26

Several things give rise to concern, but at the moment perhaps the main one is Sinophi's comment:
"...were terminated due to delays in the proton therapy machine delivery schedules."

So presumably Sinophi are aware of delays that have arisen recently. Surely AVO should have put out an RNS telling shareholders about these delays and whether this will affect their other timelines, as this must be price-sensitive information.

[pyglet] 08/12/2016 12:55

I have and have had nothing back. Only a commitment to look at the timeline in Q1 2017.

[vatnabrekk] 08/12/2016 10:16

I wonder if many shareholders are writing to the company demanding clarification to the various issues that are causing concern.

[sweet karolina] 07/12/2016 14:06

Gerhart,

Clearly if she did know she would not have put the money in at the level she did. At the time of the placing I suspect AVO knew they had problems with meeting timescales, however they had not made the hospitals aware of the revised schedules thus investigations out east would not have helped.

It is often a fallacy that big investors know more than everyone else. All you end up doing is going round in a circular argument. What you need to do is think about where they are now and what might come next. If AVO were sitting on bad news regarding a major slippage in timescales that they had not announced to the market (there are no special favours for large investors) then Miky could have a claim against the company and she has the resources to push that claim - just one more possible downside which cannot be fully assessed until the full truth comes out. It would be better if the company cleared the matter up, even if it is bad news, than for more e-mails to be leaked.

[gerhart] 07/12/2016 11:12

We still don't fully under stand this: Japanese entrepreneur/philanthropist Miky Kambara owner/CEO of MK Trust stumped-up £5mil for 7.3% in the placing (at £1.00 a share).

Why would someone of that level have done that if this was all going to go pear shaped very very soon afterwards? I would suspect also that she did not just take the BOD's word Re situation within the company Re current orders/the future etc, but also did her own checks. Possibly also with her own contacts in Far East.

So despite the "fog" that we appear to be aware of, I just don't get why someone so savvy would just throw £5mil down the drain. People like that are a bit more hard-headed, than even some of the peeps on these boards who think they are whizz-kids, and don't invest for what the next couple of months might hold but what the next couple of years will. If she thought the Co wasn't in a good place, then she would have known that there was a good chance she could buy for at a much cheaper price later.

Anybody want to try and rationalise that? But please don't say she wasn't aware that things would go bad a few weeks later. Unless of course you think the BOD conned her too.

[sweet karolina] 07/12/2016 09:15

Barnet,

They had a £25m loan facility which they said they could drawdown 100% after the £10m placing. They have not announced a drawdown, probably because they did not need the money right now having just raised £10m and a further £3.4m in open offer.

Given the ongoing situation the lenders may now be having second thoughts - they would have been assuming revenues from the Chinese deals would be coming much sooner than any possible revenue may now come.

TWs figures are based on net current assets position at 30 Jun and what has been raised by share issue since.

What is needed is a full statement on what has gone on and what that means for the financial position. If the loan facility does get pulled then AVO would be in severe financial difficulty very quickly. However if the facility remains available then there is no immediate financial problem.

[barnetpeter] 06/12/2016 23:41

"I am amazed that Stockdale has not quit as Nomad although that may well still happen. Until Advanced comments its shares are uninvestable and will head only one way. Advanced right now has net cash of c£6 million ( assuming it were to clear trade payables etc). But that will be gone by the Spring and one wonders how that will make its lenders feel. Right now there is no way on earth that Advanced can raise cash on AIM ever again.

In the end it will simply run out of other people's money. Hence I set a new long term target price of 0p.

PS If Advanced thinks these are the last emails I expect to publish it is badly mistaken. The Sheriff of AIM has this company as his No 1 official target as of today".


Is this right? Omly 6 m and no revenue?

[vatnabrekk] 06/12/2016 17:21

And even if the technology is good, and I have no reason to believe that it is not, the shareholders will suffer if this mess isn't sorted out very soon.

[sweet karolina] 06/12/2016 17:03

I do not really agree with the tone of all this, it is far too gleeful and self congratulatory. There is not a great deal of selling just next to no buying.

However this bit:

"PS If Advanced thinks these are the last emails I expect to publish it is badly mistaken. The Sheriff of AIM has this company as his No 1 official target as of today."

Is worth taking note of as it suggests there are more e-mail leaks to come. I suspect the source is related to Sinophi and they are clearly going to play dirty.

For what it is worth. I think this situation is very sad. Apart from David Evans, who has acted disgracefully, I think the people involved in the company are good people who have not dealt well with a bad situation, which probably was largely beyond their control. Ultimately if the technology is as good as is being claimed it will find its way into hospitals.

[vatnabrekk] 05/12/2016 15:09

If a claim does arise, it should be against the directors, not the company. If it's a claim against the company - that's us!!

[marvin66] 05/12/2016 14:11

It remains to be seen..

[ionlypostafterbbms] 05/12/2016 14:00

Another one TW called right.

[pyglet] 05/12/2016 13:36

Oh crikey, what an awful mess and right before Christmas. Fancy announcing a placing knowing what they knew. No wonder the NED EVANS fled. He should have blown the whistle mind you. That's his role as an NED. Pathetic the lot of them.

[barnetpeter] 05/12/2016 13:28

Yes and they cant give a full statement about the position without honestly admitting they may have misled...which will open the company and directors to compensation claims galore. They may be turkeys but they are not going to vote for xmas quite yet!