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Advanced Oncotherapy - Get Beer & Popcorn ready for March 31 GM Called - I shall be there!

By Tom Winnifrith, The Sheriff of AIM | Friday 10 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.

I have already covered the admissions (HERE) and lies (HERE) flagged up in today's notice of a GM published by Advanced Oncotherapy (AVO). The great news is that the GM is on March 31 in London, a day when I shall be in the Capital. As the proud owner of 1 share bought earlier this week I shall be there for a bunfight. Just 32p for so much fun - bargain! Get your beer & popcorn ready. Why not come along to join me in giving the board hell over all the lies and other matters? There is free beer on me at Wedge Issue afterwards. But there is a far more serious problem for the shysters.

So far death spiral provider Bracknor has flogged just £103,000 of shares in Advanced. But it needs to offload another £2 million pronto to ensure it has no exposure. But so illiquid and discredited is Advanced that dumping that initial tranche saw the shares slide from 58p to the mid forties.

The shares are up today as the last short positions are forcibly closed out by firms such as Spreadex as explained HERE. But that process is almost at a close and no sane individual is going to buy the stock which means Bracknor will struggle to get another £2 million of shares away without crashing the share price.

The GM has given Advanced enough headroom to fulfil the entire £13 million death spiral but, wait for it, assuming the shares issued to Bracknor are at an average of 44p. It is 'avin a bubble. The shares are today 41p-43p but as the bear closing ends and Bracknor gets on the dump again where do you think they are headed down or up? It is down and big time.

Incidentally the closing price the other day was 32p. If I were Bracknor I'd have whacked a note over to Advanced earlier today exercising at 32p and be selling like hell to Spreadex and IG as they closed out their clients so making a quick £33,000. It won't get chances like this every day.

The bottom line is that this GM is just a pretence. After a few more Bracknor share dumps the company will need another GM to change the Nominal value from 25p to 0.25p and then it will need another to gain even more headroom as the stock price continues to crater.

It is all a total joke. Bring on the 31st and bring your beer and popcorn.

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