Avacta Share Discussion Threads

[atmysignal] 28/2/2024 15:53

PWhite73 lol

[loglorry1] 28/2/2024 15:46

This is starting to look like AVCT can't raise what they need at any level.

[pwhite73] 28/2/2024 15:43

People talking about a placing. It could be worse because if they can't raise any money we could be looking at administration here.

[amanitaangelicus] 28/2/2024 15:37

Wowza ...in Acapulco mode! If Tick and Chesh arent worried, neither am I. Listen to the sages.

[amanitaangelicus] 28/2/2024 15:18

Relax , 75p being hammered out...for now. Much interest at this level. Arbitrage ii.s taking positions.

[atmysignal] 28/2/2024 13:07

The FCA do not contact the company on 20% swings. Come on!!

[ohwhatfun] 28/2/2024 12:44

Raj you don't seem to understand what forces an RNS.

The FCA have trigger points where at certain intraday share price movement levels they contact the broker/company.

That is to ensure there has been no leak of good or bad news with insider trading. It’s something like 20% up or down in a day.

Or on the back material public claims via media outlets, which then forces news to confirm or deny it.

IF any funding can’t fully be covered by the broker links, then others are approached, it then leaks badly, via the usual routes.

The details get shared widely media style and then an RNS is forced out stating, yes currently fund raising.

None of the triggers that would force an RNS have happened yet.

What we do know is they need a good lump of money in an awful market. Leaving it anywhere near existing cash depleting would be a very poor decision.

[aimscam1] 28/2/2024 11:47

All time low coming 50p

[loglorry1] 28/2/2024 11:30

Company can't comment when they are in the process of raising equity. It's another sign of why its probably ongoing. Plus they haven't got much to say now Phase 1 is pretty much over and they need more a lot cash to take the drug to the next phase.

[atmysignal] 28/2/2024 11:18

Why company silence??Getting slaughtered

[amanitaangelicus] 28/2/2024 10:01

Field ...maybe 60p but looking like 75p.

[loglorry1] 28/2/2024 10:00

Not speculation they owe a death spiral provider £28m. That's not chump change and anyone putting new money into the equity will see that as a huge drag on the share price as the death spiral provider has to convert stock into the market at a higher and higher percentage of daily volume as the price falls. PIs like @tickboo wave that away and say its not a factor but professional investors take that sort of thing very seriously.

[loglorry1] 28/2/2024 09:59

Not speculation the burn rate is huge and the cost of a phase 2 will be £10m+ p.a. maybe more so well above what a small AIM company can raise from the usual sources.

[loglorry1] 28/2/2024 09:58

Not speculation look at the top holders. Not a single one is a specialist biotech fund:-

Conifer Management LLC
Hedge Fund
Baillie Gifford & Co.
Investment Advisor
Edinburgh Worldwide Investment Trust plc
Mutual Fund
Baillie Gifford Global Discovery Fund
Mutual Fund
Hughes (Robert Anthony)
Individual Investor
Kamani (Umar Mahmud)
Individual Investor
Unicorn Asset Management Ltd.
Investment Advisor
Avacta Group Plc Employees' Share Trust
Corporation
Premier Asset Management Ltd
Investment Advisor/Hedge Fund
Robbins (Sheldon Bryan)
Individual Investor

[rajraj b] 28/2/2024 09:55

All these assumptions you have made are unknown ( unless you know these to be fact). What is pretty much nailed on though is that we would have had an RNS stating a retail placing is taking place, if this was the the case. It's been nearly 2 weeks since the speculation started and no confirmation. No news is good news in my book.

[loglorry1] 28/2/2024 09:42

There won't be a license agreement. There has been zero industry interest in AVCT. Retail haven't got the firepower to fund this as AVCT need £20m at least. I can't see an institution putting money in this while the death spiral remains. Not sure what their options are at this point maybe a bigger death spiral?

[fieldhouse] 28/2/2024 09:05

i take my hat of to the chartists. They got it right !
Is 72p the base level ?
I know aman is looking lower.
Who has shares to sell at these levels without incurring larger losses ?
"fear and greed"

[rajraj b] 28/2/2024 09:02

If there was going to be a retail placing it would've been RNS'd by now. So something else is going on. More likely an II placing or a licence agreement in the making. If so, what will this do for the share price?

[amanitaangelicus] 28/2/2024 08:00

It ll be soon, just dotting the i.s and t.s. The new expected new convi strike price will ensure price action around 40-50p for me.

[divmad] 28/2/2024 07:20

Where's the placing then?

[amanitaangelicus] 28/2/2024 07:17

Tardis stuck on the M25 - ran out of chip oil. Darn. Come on Myles, we need an epistle. Duds and Papillon ,there.s a cheap Ibis in Carlisle if you need to get a room. You.d make a lively couple. Ps you only need to look at the normal share price chart to see it.s not looking too healthy. Mind I.ve always been wary of the Ichimoku - luckily I.ve bn vaccinated now. GL with your imaginary shorts.

[dudishes] 27/2/2024 23:08

Cheers pap. Awful in colour!

101 not far off! Added to short at 92p, hope I did not upset the good doctor.

threats seemed to have dwindled?

[papillon] 27/2/2024 21:29

Once that Strongly Bearish H&S pattern formed on the AVCT chart recently at 100p that just confirmed the bearish Ichimoku chart and you knew then, Dudishes, that there was no way back for the AVCT sp

[dudishes] 27/2/2024 17:56

Assuming Tom's mate, Ouzo Man got in early today, his short is a killing.

I suggest he is somewhat late.

\It was a killing at 101p & 92p.

I'm sure Papillons chart may demonstrate?

One for you Mr Ouzo man, I'm sure