Avia Health Share Discussion Threads

[knigel] 29/10/2013 07:16

encarter, thanks for the link - I definitely need to do more research on grapheme. I remember a while back investing in AVO at 1p because it was involved in proton technology - the share price was static for a year and shareholders not happy - however this year has seen progress and a re-rating as the technology translate into a commercial use. Maybe (just maybe) something similar will happen here over the next 1-2 years?

[encarter] 29/10/2013 07:12

hxxp://www.mndaily.com/city/business/2013/10/28/university-research-toughens-plastic

[sharptack] 28/10/2013 23:11

Graphene Insider, you and they will know about the intended second tranche placing then. Over valued already and further dilution imminent.

No reason to buy here until the share price sinks back to the level of discount typical of many more-established, better-funded shells with a clearer near-term route to value creation.

[encarter] 28/10/2013 23:08

hxxp://www.extremetech.com/computing/169583-all-graphene-computer-chip-could-steer-us-past-the-22nm-bottleneck

[graphene investor] 28/10/2013 22:54

My 3 posts are about you and your nemesis. There is nothing else worth reporting on here until such time ss the Company announces its plans.

However i have invested as i think grahene is the future and am sure the Board are more than capable and have a plan. Tim Harper is the CEO and I know that Tm Baldwin is only there as a non-exec as his main focus is TXO plc.

Thos that have taken part in the placing must know whats what.

[knigel] 28/10/2013 15:00

I think the same poster has multiple names actually

[graphene investor] 28/10/2013 14:04

KNIGEL not all have the same view and am glad that you've worked out that the presence of some here means that there is a lot more to there postings than meets the eye and can have nothing to with the business

[encarter] 28/10/2013 08:06

Tim Harper CEO. A leading expert on graphene and all round good guy. DYOR.


hxxp://uk.linkedin.com/in/timharper

[knigel] 28/10/2013 06:55

What is a fact is a thread that used to attract 1 post per month suddenly has 4/5 all new posters (all with the same viewpoint) who probably have no investment here telling us basically to sell up because they all do not like one particular new director!
If I mixed up what the £50k was for I am sorry however there is no clue in the RNS that another placing is around the corner - isn't this market sensitive information - it seems someone very close to proceedings is posting here now....
As I said - the shares are at a premium to NAV (my investment at 2.25p is NOT wiped out - I am down circ 60%) so are likely to drift lower without any developments but I don't yet see a point of selling out when new tech investments usually cause extreme excitement amongst the pump and dumpers - then I may exit... gl

[sharptack] 28/10/2013 00:06

and, they are currently looking for up to another £250k - that's another fact. If you don't believe me now, you will have to very shortly.

[ih_237920] 27/10/2013 23:05

Thank you, SharpTack. The £50K figure was obviously incorrect (I'm being charitable) but sadly typical of the cloud of BS that instantly surrounds anything involving TB.

Knigel, while I understand and sympathize that you've been essentially wiped out in your AVIA investment, making things up simply won't do. Now that TB is involved, several "new eyes" will be watching this issue. I wish you the best, but it's best to stick to verifiable facts - especially where TB is involved.

It's all right there, in the Placing Circular:

(Page 4)

"Gross proceeds of the Placing assuming that the Minimum Funds are raised:
£300,000

Gross proceeds of the Placing assuming that the Maximum Funds are raised
£500,000"

The obvious fact is, they barely cleared the minimum amount.

[sharptack] 27/10/2013 22:43

As I say, a matter of record, not opinion. It's all here in back and white:

[sharptack] 27/10/2013 22:39

Well I sure ain't making it up! I don't know where you saw minimum of £50k stated clearly. I think you may be confusing the facts of the placing as a whole with the £50k that was called "the inital capital".

The restructure document very clearly states the facts. Here's a selection:

"In order for the Placing to complete, it is a requirement that the Minimum Funds are raised prior to the General Meeting. The Company, with the assistance of the Proposed Directors, intends to raise between £300,000 and £500,000 at the Placing Price, including the Initial Capital. However, there is no guarantee that such sums will be raised."

"If the Minimum Funds are not raised and the Proposals are not approved, the Directors believe that the only alternative is likely to be for the Company to be placed into creditors' voluntary liquidation or receivership, or seek the appointment of an administrator. Having taken appropriate professional advice, the Directors believe it highly unlikely, in such circumstances, that Shareholders or creditors would be able to recover any value for their shares in or amounts owed to them by AHI."

"Shareholders should be aware that the Placing is conditional upon the Minimum Funds being raised, the passing of the Resolution, completion of the CVA and Readmission. If any of the above conditions are not satisfied, then the Placing will not proceed, the Company would then have insufficient working capital to continue as a going concern and, in the absence of any other source of funding, the Directors may have no alternative but to place the Company into creditors' voluntary liquidation or seek the appointment of an administrator."

""Minimum Funds" the minimum funds of at least £300,000, including the Initial Capital, that are required to be raised pursuant to the Placing, in order for the Company to have sufficient working capital to allow Readmission"

Any doubts now that they only just got across the line and avoided the curtains?

[knigel] 27/10/2013 22:18

Well since I was an existing shareholder and did read the prospectus it was stated that if the minimum of £50k was not raised in the placing the company also certainly would go into administration...look at the recent RNSs

[ih_237920] 27/10/2013 22:15

Where exactly was that "stated clearly?" The £50k figure is obviously far too little.

Everything I saw stated that they were hoping to raise £500,000.

The £326K they did raise is probably close to the minimum they need to keep the lights on while they attempt the next round of dilution.

[knigel] 27/10/2013 22:08

Please leave TXO issues and grudges to the related thread.
It was stated clearly that a minimum £50k was required and up to a maximum £500k in the placing could be raised. In the end it was the mid range £330k pre expenses and repayment of o/s debts. I don't see the point of raising more funds yet (we are not even talking a week yet!) until the first target for investment has been identified. Agree about the premium to NAV comment - it will be difficult for the share price to stay above 2p without news soon

[ih_237920] 27/10/2013 21:58

Graphene, your silly accusations that everyone is DS have been exhaustively dealt with over on the TXO board. I am from the US east coast, DS is from Old Blighty, and other "IH" posters come from Australia (Tasmania, specifically). This subject has been beaten to death, you really should do some research.

If the whole "Yarsan/ih_237920" issue confuses you, I suggest you take it up with ADVFN tech support. If a poster has logged onto iHub first (thus the "ih" in my current user ID)he gets assigned a numerical user ID. If he has logged onto ADVFN first, he gets his regular user ID.

Either way, can you explain how the identity of a poster determines the truth of what he writes? Can you point to ONE SINGLE EXAMPLE of a TB associated company that has made money for its investors?

Didn't think so.

[sharptack] 27/10/2013 21:26

drunken sailor says above "in short placing by Feb or back into suspension" well I can tell him his forecast is over generous because I know for a fact the man is already at it, sounding out interest in an immediate secondary round of funding.

Same old dilution on the cards here. New funding already 69.5% of the enlarged capital, now set to top 80% within days (see below). Fair enough, a new beginning needs funding but if only something good and profitable would ever come of it. If there's a place he's ever made money for smaller investors, I'd really love to see it.

Graphene Investor, remarkably chooses this thread for his first ever post and yet already appears to be quite an oracle on TB and ds. Funny that. He says above "The aim was to raise £250k but up to £500k not £500k as reported in the press)" Was it really?

Since he seems so well informed why not tell the whole truth?

Among several other conditions needing to be satisfied, what I saw myself said minimum funds of at least £300k were required to be raised "in order for the Company to have sufficient working capital to allow Readmission". Of this, about £55k had already been raised at the time of the placing document. Surely only an insider would therefore talk of aiming to raise £250k [i.e. £250k more]?? Oh dear, GI, soooo transparent!

So, far from the misleading impression our insider wants to give out, it's plain they only just got over the line or it would have been curtains! This is a matter of record, not my opinion.

No wonder he's straight back out there looking for more - up to £250k more within a couple of weeks I gather, at the same price. The press were not so wrong after all then Graphene mate!

It's plain that if £300k was the bare minimum to pay off commitments and also provide minimal working capital to allow the thinnest of going concerns, then all that'll shortly remain from this is the minimal working capital part. At about £550k market cap and surely nothing left from this first tranche for investment purposes, it looks challenging to say the least.

Quite what value they can bring in from the anticipated new tranche remains to be seen but if they do manage to get the second tranche away for a full £250k it'll also only come along with another 12.5 shares and a new market cap of about £850k at current sp, against cash assets of only about £300k I'd estimate.

Quite a challenge for them then. On the face of it, any investments they could actually afford for cash would have to near double to fill the valuation gap, let alone create new shareholder value. However, that would leave no working cap. I therefore see any acquisitions being mainly for shares. If so, the dilution cycle continues on and on and on.

Fact is that most investment companies trade at a discount. That this one is already at a substantial premium to net assets rings alarm bells for near term share price progress. TB's history only accentuates that.

[bili1946] 27/10/2013 21:13

Well Graphene....I think we all know that I have absolutely no connection with DS or anyone else for that matter on the BB's
Please don't misunderstand me,of course you must be able to make a contribution BUT please don't try and gag others who wish to do the same.Fair?

[graphene investor] 27/10/2013 21:03

well bill1946 (another drunken sailor alias as is ih_237920) I am making a valid contribution to those interested in this newly relisted company and that is don't believe a word posted by drunken sailor and his aliases.

Even if Baldiwn were the scam merchant he says he is (which he is not and those that count in the city know that) then as he is not the chief executive and only a minority non-exec it can not be relevant anyway as im sure averyone reading this will realise.

[ih_237920] 27/10/2013 19:51

Knigel, it TB stays true to form there will be plenty of "news" - just no progress.

[knigel] 27/10/2013 19:40

Let's just wait and see - the placing only happen last week so it's a bit too soon to worry about director fees and expenses and lack of investments.
Perhaps come back in 3 months time and if there has been no news, I will be moaning too....

[ih_237920] 27/10/2013 19:35

Encarter, I suggest you check your math when you say:

"Had a quick look at TXO, nice! Plenty of chances to make some money if you bought shares at the start."

Anyone investing with TB in TXO "from the start" has lost nearly all their investment. I suggest you check out the reality of this chart:



This is true of ALL TB's companies. TXO, RAM, Alpha Prospect, Coleridge Resources, etc etc etc. All marked by losses for investors and fat director fees, massive self dealing, and mysterious partnerships with with unidentified entities.

Any suggestion that AVIA will be any different from TB's other companies must be viewed with marked skepticism.