Advanced Oncotherapy Share Discussion Threads

[smithless] 26/6/2017 14:51

Its accounts are now on its website. The going concern bit is a laugh. Its basically used the £24 million Vendor Financing with Metric Capital, £26 million in a flexible and staged financing agreement with Bracknor and a further £6.5 million in a financing agreement with Blackfinch. In all likelihood it has used Blackfinch £6.5m, used the 3 tranches from Bracknor and can't get its Metric money cos it has a non-dilutive restriction. This all leads to a change in nominal value at the AGM IMHO

[igbertsponk] 26/6/2017 08:38

Accounts not yet on their website - so can't see how high the directors bonuses were this year yet.

[werty5] 26/6/2017 07:54

Good luck Mr truth. Hope it works for you. I got out at about 90p because i think it was starting to smell but you never know. One suggestion would be not to invest in AIM if you are just cutting your teeth in share dealing. I would look at perhaps a 250 listed stock as it is much more safe.

[smithless] 26/6/2017 07:34

Results out - holy moly it burnt through £20.6m of cash in 12 mths. Even after raising £10.1m in H1, its currently out of cash on historic mthly burn rate. Where is the going concern statement?

[mrtruth1] 22/6/2017 22:29

PJ1. Relax!

[mrtruth1] 22/6/2017 22:13

Vatnabrekk yes I agree, horrible situation but I'm just remaining (as I'm entitled to be) positive.

[mrtruth1] 22/6/2017 22:09

Incredible reply! I'm just a 1st time investor. You shouldn't be so easily frustrated! Each to their own opinion. I hold shares in AVO you may or may not do. All the best.

[vatnabrekk] 22/6/2017 21:40

Mrtruth, the concern that most have about this share is not whether the technology might succeed or fail but it is about the financial situation that the company finds itself in.

[pj 1] 22/6/2017 20:31

mrtruth- apologies for being blunt. However. I have come to the conclusion that no one would ever invest seriously along your previously stated guidelines on this thread. I have also come to the conclusion that I do not know your agenda. If you lead a sad life or not, I do not know. My conclusion is that you are here solely to wind people up for some unknown pleasure. I do not filter many posters, but you are now on the list.

Good luck.

[mrtruth1] 22/6/2017 18:52

Proton Beam therapy in the news. There was a lot about this on BBC radio today. Talking about the huge size and cost in Manchester. Sounds to me, if they pull it off, AVO are on a MASSIVE winner with this.

[igbertsponk] 21/6/2017 09:16

I see you can lose your memory by having proton therapy.

[andy] 21/6/2017 09:12

mrtruth,

It's the maths here that tell you this is in trouble, even if you ignore the fact that LIGHT seems to be moving further away into the distance.

Read the post by SK and inwardly digest the numbers.



Werty,

OR pick it up for a song in a fire sale even?

[werty5] 21/6/2017 09:02

I sold out at just over 90p it is a shame because the idea is brilliant but it has not been well executed at all. The best I can see is someone will step in and buy the rights to produce the light machine but why would they do that now? When they could wait and get the rights much cheaper.

[mrtruth1] 21/6/2017 08:59

Don't stay in it then?!

[sweet karolina] 21/6/2017 08:48

The figures really are not adding up.

£400k converted plus £12k fee with shares issued at 25p as opposed to 15.79p equates to an additional fee of £151,780.80 not £190k. The company is not being transparent regarding how this new arrangement is working. More importantly the proceeds from the next tranche are going to be severely reduced possibly even zero or negative depending on how many more conversions they do before the next tranche.

The situation is unsustainable. The only option is to reduce the nominal. Simply halving it will only give a short term respite from the effect as the share price dives below the new nominal. A reduction to 5p would give longer but as the dilutive effect increases with each conversion at a lower price even that will be breached eventually. Ultimately I can see the nominal having to be reduced to 1p. By the time the death spiral has run its full course there could easily be 800 million shares in issue.

[twirl] 20/6/2017 14:29

I bought these on the basis they would be in full production by now.
Warning signs were there when they conjured up Harley ST and a French factory instead of focussing all resources on making LIGHT work. I failed to read the signs and have paid the price(thankfully sold last lt at 75p).

Now we are told the first LIGHT is years away - they wiil run out of funding well before then.

Looks like this is headed for pre pac

[sweet karolina] 19/6/2017 10:35

By the company's own project plans, which will most probably encounter further delays, completion of a working product is years away. At best the company may become cash flow positive in 2021, but the chances are that if it ever does generate cash it will be a few years after that.

How many shares will be in issue at that time. How many other machines doing the same thing will already be on the market?

It is all very well dreaming of getting to the oasis, but do not forget the impact of all those miles of desert that need to be crossed to get there and that the oasis may turn out to be a mirage.

What will the shareprice be by the time they have a product that might be able to be sold? Yes the shareprice would be likely to increase at that point, but the increase would be from a point much lower than current. There are no rewards for holding and hoping while they cross the dessert - if you are lucky you may get back to breaking even on current price, the rewards come from preserving capital now and buying in if / when there is genuine reason to expect things to start to improve.

[andy] 19/6/2017 10:34

glib,

I agree with that, it's the continual dilution that's the problem, IMO.






mr truth,

I am sure they have many hardworking and passionate people, but that alone isn't enough, as glib highlights.

Investors are being constantly diluted, and you have to ask if they will ever reach completion of the technology, and if they do, how many shares will be in issue by then, and what their debt position will be?

[mrtruth1] 19/6/2017 10:22

Wise words. And what happens if they do not meet the promises they have clearly set out to investors? Is it a case of "tough" why did you believe them, or "hold on" you made very real promises here?

I'm still confident in it happening.

[glibgibon] 19/6/2017 10:06

Unfortunately, good businesses go bust every day.

Cash is King. If the cashflow of a business is not managed correctly, it doesn't matter how good the product is. AVO don't have a finished product and the only cashflow they have is a highly dilutive loan facility. Borrowing is their only source of income and this is why the share price is falling.

If AVO are still trading and the technology is complete, doing what they say it can do - then orders will come in and that money will be used to pay for producing the machines. This will boost investor confidence and the share price will rise, depending on the number of orders. The amount of additional debt they have will also play a factor in price.

[mrtruth1] 19/6/2017 09:58

We just don't know, but hard work DOES go a long way to success.

[pj 1] 19/6/2017 09:49

Unfortunately hard work does not guarantee success, and your interpretation of success could be far different than that of the BoD. There lies the problem....

[mrtruth1] 19/6/2017 09:25

Yes, see all that, but what if/when it is announced? There must be people working hard, daily, with passion to see this through?

[andy] 19/6/2017 09:18

mrtruth,

If they get that far!

I would say that is by no means certain, and even if they do, how many shares will then be in issue after all the Bracknor conversions?

The mathematics are working against shareholders here.

I was bemused by the recent price rise, we'll see if it can hold at his level for long.

[mrtruth1] 19/6/2017 09:10

What will happen when there is an announcement of the technology being completed?