Avia Health Share Discussion Threads

[drunken sailor] 18/10/2013 21:59

Sorry to rain on your parade guys, I know you are hurting with the suspension and know this is your only hope to see any of your money back, BUT Tim Baldwin is behind this and I seriously doubt he can genuinely raise the small amount needed to stave off liquidation, let alone raise enough to take the company forward in the proposed direction. If you get lucky, and it will be a massive stroke of luck, and it does come out of suspension

SELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Creditors get 1p in the Pound (if they accept it) so take whatever you can get, it will be more than you will get and hold for TB to deliver on his promises.

[29howard] 16/10/2013 13:08

Never know mm's might open up way higher and you get some out if you are quick.

[29howard] 16/10/2013 12:50

2p, is that right Knigel ?

[29howard] 16/10/2013 12:49

What price was funding at though ?

[knigel] 16/10/2013 12:40

Well voted though and shares relisting next week :-)

[nigelsom] 29/9/2013 13:18

I have a few of these as a result of an EIS investment. The EIS is less (just) than three years old and thus if the proposed disposal is carried out I will lose the tax break (about the only bit of value left her for me). If the board wished to wait a very short period of time before effecting the transaction, or proposed a mechanism whereby I retain an interest in the soon-to-be disposed business I would be able to retain the tax break.

So all things being equal, I shall be voting against all the proposals at the forthcoming General Meeting - it is simpy not in my interests.

In any case, this looks like another case of the company advisors trying to salvage enough from the wreckage to be able to continue to draw their fees for a bit longer. I see little merit in any of the proposals.

Better, surely, to sell the whole shooting match to ASW and have done with it.

Frankly, if it goes bust, any EIS investor will be able to write off the loss against income tax. The proposed actions completely undo the whole point of making an EIS investment....which is supposed to reduce the risk of investing in early stage outfits such as this.

Peterhouse have already been associated with another outfit (Intellego which became Digital Learning Marketplace which became Shidu which is now Alpha Returns) which lost me almost all my investment as well as the EIS tax breaks. As with Digital Learning Marketplace (as it was at the time), we were told that they would look for a way in which investors could retain an interest in the underlying business.

I'm saying all this just in case anyone else is in the same position as me on this company.

Anyway, enough from me, I'm voting no.

[29howard] 19/9/2013 07:47

Nice, at least you will get something back knigel and always a chance of a spike
to get out break even.

[knigel] 19/9/2013 07:42

This is a different update RNS compared to the last one in July. Seems like (another)the shares may come back to the market with existing shareholders diluted.

[britishb] 16/7/2013 15:03

"The Heads of Agreement envisages the existing operating business of the Company being de-merged into a private entity"

Your very optimistic if you think it will "come back to the market", 29!!!

[29howard] 16/7/2013 14:43

Hopefully it will come back to the market and you might get 4-5p for your stake knigel, cut your loss but at least get some good money back to invest elsewhere !

[knigel] 16/7/2013 14:41

love pimms :-)

[britishb] 16/7/2013 14:35

Life in the old dog, KN, tho if it happens you possibly suffer a miserable dilution. Have a glass of Pimms to celebrate!

[knigel] 16/7/2013 14:24

Third party? ASW?

[napoleon 14th] 29/6/2013 21:33

Flopinfo - quite so.
ASW write off the money put into AVIA
& pay peanuts for the tech, IF they need it & IF it's worth it.
IMO, IF no-one else buys the software, ASW can write something similar just for fun.
That's a lot of IFs for a bankrupt software story.

[knigel] 25/6/2013 23:40

ASW could have made a 6-7p offer for AVIA last year instead of lending £350k (convertible into shares as an option) which may not be repaid..

[flopinfo] 25/6/2013 23:03

Yeah why bother buying off idiot AIM PIs who can't read a balance sheet when you can buy off the Administrators ?

[christianf12] 25/6/2013 13:21

Vin Murria of ASW

"IT WAS MY CHEAP WAY OF BUYING THEM" HHMMMMM

Steven Frazer ‏@SharesMagSteve 17m
More #ASW: (On #Avia £350k loan) 'It was my cheap way of buying them'

Steven Frazer Steven Frazer ‏@SharesMagSteve 17m
More #ASW: (On #Avia funding crunch/suspension) Sounds like s/holders can exp news here very soon, needs to do things plc right

[britishb] 25/6/2013 12:48

Err they are losing money, burning cash, been losing money since flotation (AFAICS) have negative net assets etc. A 30 sec glance at the accts suggested this had a 90% chance (IMVHO) of going bust. As I pointed out months ago....

Read some accounting books and stop posting drivel all over these boards until you've learned a bit more...

[knigel] 25/6/2013 12:34

Looking back it was the wrong share to put a large amount in and perhaps wrongly i presumed ASW would eventually convert the loan into shares and eventually make an offer. Cashflow is an issue for most aim companies - look at the number of placings this year and seda agreements. Will just have to wait to see if there are enough interested parties re the latest rns..

[monkey puzzle] 25/6/2013 12:32

Re: Suspension from trading of securities on AIM

In the announcement made by the Company on 24 June 2013, the Company referred to the delay in entering into an agreement to licence the Company's technology to a third party. The Company confirms that it has been informed by the third party that negotiations have been terminated.

The Directors continue to evaluate their options regarding an injection of sufficient capital into the business, whether through equity, debt or a convertible instrument, in order to enable Avia to overcome its current working capital shortfall and allow the Company to continue to trade. However, should the required capital not be found, it is likely that the Company, or its principal creditors, will seek the appointment of an administrator.

[chrisis33] 25/6/2013 12:23

Knigel sorry to hear about the news here, but looking at the half year report I can't see how this was a viable investment. Lesson learned and move on. All the best - CRAW going well today on the AGM update and director buy yesterday.

[knigel] 25/6/2013 12:18

I pesume the party withdrawing could be ASW? Maybe this party would return IF funding was resolved. TBH its no more than 50/50 now for positive outcome