By Tom Winnifrith, The Sheriff of AIM | Wednesday 15 March 2017
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Advanced Oncotherapy (AVO) is, as you know, utterly desperate to create buying interest in its shares so that death spiral shysters Bracknor can dump £13.7 million of equity onto the market over the next year. That is not going well and so Advanced today boasts that it has paid investment analyst prostitutes for hire, Hardman, to publish a glossy note. This report is so unbelievably unbalanced that I can only assume that Hardman outsourced the work to the Bulletin Board Morons on the LSE Asylum. Folks can see through this shite and the shares are down by a penny at just 40p bid which is very bad news for Advanced as explained HERE.
The research report focuses on the delivery of the LIGHT machine at Harley Street. Of course, unless Bracknor can dump all its shares and more, Advanced will just run out of cash before this machine - if it works - ever generate a cent of cash. Hardman talks of "revised timescales." By that of course it means revised backwards. And it neglects to mention how Advanced has misled the market on those timescales on a serial basis as we showed HERE.
There is another minor omission in a report that pretends to show balance. Perhaps whichever clown penned this note has not noticed but just six months ago Advanced has a $150 million order book with Sinophi. But Sinophi has now walked getting compensation from Advanced because Advanced had misled end customers in terms of delivery schedules. So the order book is now, er....nil, Nothing, Rien, Zilch, Zippo.
Oddly the report does not mention Sinophi once nor the complete disappearance of a $150 million order book in less than six months. Nor does it mention how the death spiral has seen the shares lose 40% on the dumping of just £100,000 of Bracknor stock. Surely that is a sign of impending collapse.
The battle for the "Worst Research note of the year 2017" is hotting up and this bog-roll is sure to make the short list.
You can read Hardman's worthless ramptastic piffle on Advanced here.
Needless to say there must now be real panic setting in at Advanced. The snails pace at which Bracknor is able to dump stock must mean that the ability of Advanced to draw down further loan notes is in serious doubt and that poses real questions of solvency. Maybe it is time to get paid PR shrill Alan Green to ramp the shares with Justin the Clown on his infamously bad rampcast? Or how about Edison, employer of convicted felon the cop mugger Lord Snooty Charlie Gibson, be paid to pump out some crap?
Advanced remains a sell, target price 0p.
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