Advanced Oncotherapy Share Discussion Threads

[andy] 19/7/2017 10:59

escapetome,

And prior to this news where were you?

[sweet karolina] 19/7/2017 10:58

So as expected the Bracknor facility hit the rocks and the company is being forced to buy their way out of future commitments. Yes the terms of the new loan are much better, but still leave the company with a significant funding short fall and a repayment date well in advance of operational cash flows.

The crowd seems to have gone wild but as the reality begins to sink in the share price will drop back again.

[someuwin] 19/7/2017 10:57

Can still buy cheaper than the new 25p warrants.

[mrtruth1] 19/7/2017 10:56

Got an extra £600 bought 1st thing this morning. I've had a feeling about this for a while.

[genises] 19/7/2017 10:54

Shorters getting burnt.

[barnetpeter] 19/7/2017 10:52

Andy....I think so. Its a dawg of course but its a huge vote of confidence! 4 million pounds unsecured because nothing to secure it on.....you don't do that on a whim. I reckon 25-30p is now fair esp if they appoint new management / advisors here. Managed to get 13p myself

[escapetohome] 19/7/2017 10:51

Very very poor commentary

Simpletons who could only ever post negatatively day after day.

UP !

[mrtruth1] 19/7/2017 10:51

Positivity. Goes a long way oh, and courage!

[andy] 19/7/2017 10:50

mrtruth,

LOL!

Only insiders know what's going to happen, everyone else is assessing the known facts.

[sea and sky] 19/7/2017 10:50

They must know the true value of this company...

[escapetohome] 19/7/2017 10:46

Not very good eh ? - those continually posting negative views.

They didnt see the other side of the coin.

[barnetpeter] 19/7/2017 10:45

agreed...its a dawg. But 4 million cash is a lot of money to pour in. I think they are mad myself

[someuwin] 19/7/2017 10:45

This looks like very positive news.

[mrtruth1] 19/7/2017 10:45

As I've said over and over again... keep the faith.

[andy] 19/7/2017 10:44

barnet,

Are you sure?

Still a long way to go here, although this is clearly good news in the short term.

The £3.9 million loan becomes almost £4.9 million including interest, and there are a whole load of extra warrants out there now, so quite a bit of dilution here.

I guess Bracknor had no choice, their financing deal had come unstuck, and was dragging down the company. At least this gives support in the near term, and should stop the share price decline.

[gerhart] 19/7/2017 10:40

Make, this is certainly very good news in principle and practise. But long-termers still neeed an awful lot of luck to get back losses....

Certainly very good for anyone willing to take a chance at this level. But even then not a done deal it will survive.

[barnetpeter] 19/7/2017 10:37

bought a few...if only because the shorts are going to close now.

[makeamillion1] 19/7/2017 10:34

I am afraid there are to many negative posters on this board.

Shares already up 40% on yesterdays close.

Well done all those who have been topping up.

Financing is now secure, technical milestones on track, Harley Street on track. Mr TW most certainly off track.

Good luck all DYOR

[gerhart] 19/7/2017 10:34

And I don't have the funds to buy any... :(

Why didn't Segulah step in earlier? That's the hope I expressed a long time back.

Now who is prepared to short?

[makeamillion1] 19/7/2017 10:31

Announcement

19 July 2017

ADVANCED ONCOTHERAPY PLC

(“Advanced Oncotherapy” or the “Company”;)



Financing facility provided by significant shareholders



Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that a consortium formed by AB Segulah and other investors (together “Segulah”;) has made available a £3.9m loan to the Company. The loan will have a two year maturity and a 12% per annum rolled up interest rate. The Segulah group includes AB Segulah, a significant shareholder of the Company, and a group of Swedish investors, including AFMS Radgivning Och Invest AB, Peter Gyllenhammar AB, Mijesi AB and Emendum AB. Segulah will be issued 15.6 million warrants with a strike price of 25p exercisable at any time over the next five years. Part or all of the loan can be redeemed at any time by the Company at 105% of par value. If an equity financing is carried out by the Company at or above 25p before the end of 2017 the loan can be converted into equity at 25p per share.

Agreement with Bracknor

Bracknor has agreed to waive the requirement for the Company to drawdown the minimum of 10 tranches. The Segulah loan, which is equivalent to three tranches, will entitle Bracknor to receive commitment fees on this amount only at a reduced rate of 2.5%. No further fees are owed to Bracknor.



The Company does not intend to use the Bracknor facility in the future. As part of these arrangements the Company will issue 7 million warrants to Bracknor. These warrants are exercisable at 25p and may be exercised at any time over the next five years.





Commenting, Nicolas Serandour, CEO of Advanced Oncotherapy, said: “The Bracknor financing has been valuable to the Company. I would like to thank them for their flexibility in renegotiating its terms. I am particularly pleased to welcome the support shown by our highly valued Swedish investors and in particular the role that Segulah has played in arranging this new facility. Segulah was our first institutional investor and has participated in every financing since that date. The Company has benefitted not only from their financial support but also from advice grounded in their extensive international Med-Tech expertise.”

[adealsiddiq110] 18/7/2017 23:40

Thanks Sweet K.AGM is tomorrow I believe.

[johnjohntaylor] 18/7/2017 23:24

Possibly where I want to buy in, but i believe the AGM is soon?

[waterloo01] 18/7/2017 19:29

Wrong people running this as has been the case for a long time. Good science/bad business. Evans wasn't the 1st red flag but the video of the demolition block, might be the last before the inevitable. To think they raised at £1.00 not that long ago. At least the BOD are also heavily invested.