By Tom Winnifrith | Wednesday 5 July 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.
The stench of desperation at AIM POS Advanced Oncotherapy (AVO) is overpowering.It knows that insolvency looms, that the money is running out fast ( within weeks?) and that a blizzard of share sales from death spiral provider Bracknor will obliterate the share price in the last few days. The board know it. The advisers must know it. But they cannot bring themselves to admit it. The pretence goes on for a while yet. And thus today we have an RNS.
A RNS is meant to be for price sensitive information. Not just puffery to ramp the shares but Advanced and its hapless Nomad Stockdale have issued such crap over the years that no-one really bothers with the rules anymore. And thus today's "price sensitive information" is that the company has made a video of building works at its Harley Street site. Golly gosh. Hold the fucking front pages.
In the old days when paid shrill Alan Green and unpaid crap promoter Justin the Clown were tipping this stock and anyone who offered any critique was flamed as a "supporter of cancer" the shares would have raced away. But not any more. They are up a smidgeon. The spread is in percentage terms vast and the shares languish at 13-14p - they were 350p+ at peak ramp. There is no volume.
The reasons are two fold. The main one is that no-one believes a word Advanced says any more. Even its shareholders more or less accept that it is game over and that, after all, that fuckwit Tom Winnifrith was right. He is once in a blue moon you know but 99% of the time he is just a total idiot.
The second reason no-one is buying is that Death Spiral provider Bracknor still has c£3 million of loan notes it needs to convert and sell before insolvency. With a market cap these days of sub £11 million and zero liquidity that is truly the mother of all stock overhangs. And that means that the shares are going only one way: south - target price 0p.
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