That was better than the RNS well done Avacta
And we have tanked -15%. More delays. What a shambles
Don’t trust a word this bloke says. Pump and dump of 2020
So you have ditched saliva and gone to nasal? And you don’t think the market should have been informed?
Christ think Alistair is in hot water. He pumps a saliva test saying will be ready for summer-> hints that the test is “ exquisite “ -> sells his shares to fund a house on the spike -> clearly this update has been pushed by regulatory body due to trading activity -> then informs the market the USP has been ditched and it’s now a nasal test. One for FCA to look into in my opinion
People need to wake up to who controls the BIG game.
When was the Company aware that the swab was the best way forward and the timelines would therefore not be met. This is price sensitive information and needs to be announced immediately. This has done "significant" damage to the Company's and the CEO's reputation. Hard won easily lost.
We have a test that is close to being released to market. Anterior swab is every bit as comfortable as a saliva sample and just as quick. A test that sells is all that truly matters.
Thank you for your hard work AS & the Avacta team
Under the Criminal Justice Act 1993, dealing in securities on the basis of inside information, that is, information that is not yet publicly known and which would affect the price of the securities if it were made public. It is a criminal offence in the UK.
1. make (something) more modern or up to date.
This is not an update. Can you provide an update on the major milestones mention at the end of September? E.g. Has TT been completed, have you been able to produce the 10,000 test devices, are these now with Condor being tested? All of this was due in the summer and then you change the goal post to be the end of Q4 – you have just over four weeks left to deliver.
So, the latest round of news tells us that the saliva test probably isn't going to contribute to the "transformational" year we were led to believe was about to unfold.
The manner in which the CEO has delivered false hope since the placing is very suspicious.
The repeated use of that word "shortly" has been deployed to keep investors locked in, with the share price bouncing around with euphoria and disappointment. But yet we don't yet have a product to offer
Meanwhile the market has delivered a fair chunk of gains elsewhere.
Transparency and honesty seem to have gone out of the window, lots of talk, very convincing talk, but no real signs that there will be a rapid LFD will be available for mass testing this side of Christmas.
This is contrary to what investors have been led to believe during this year, the test was initially set to be ready in the summer, "it won't be (as far away as) Christmas"
The whole scenario kinda looks like the investors have been lured in, strung along and misled for the last six months.
We can only hope that there are much better things in line for Q1 next year, and then going forward.
But please - use of words and phrases that imply success is just around the corner ?
Please stop this it's borderline deception.
What about handing investor communications over to someone more commercially astute, let Alistair focus on what he's best at..