Thread by @MylesMcNulty

@GarethP76 @Ophidian18 @RAH00084 This is where there is confusion amongst the #AVCT shareholder base.

Many think that the sell-off has been due to poor comms. That is not the case.

The sell-off has primarily been due to fear, driven by rumour (that of course has not been worded publicly), that @avacta...

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@GarethP76 @Ophidian18 @RAH00084 @avacta ...is planning another major Diagnostic acquisition, that would result in further equity dilution.

There has been a concern that #AVCT has not been planning its capital allocation sensibly.

Rumour-mongering starting around SD of such a deal completely negated the epic...

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@GarethP76 @Ophidian18 @RAH00084 @avacta ...data published at SD.

Mgmt has been under immense pressure from SHs in recent weeks to focus cash reserves on #AVCT Tx.

Through extensive conversations, my view is that they have listened. They are acutely aware that the value upside in Tx is of course infinitely...

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@GarethP76 @Ophidian18 @RAH00084 @avacta ...greater than in Dx. It would be a dereliction of BoD's duty to SHs to raise cash (or use existing cash) to make another £25m+ Dx acquisition.

I'm now sure that that will not happen. Existing BS cash will see #AVCT through to end 2024 (at least). That includes funding... 4/9

@GarethP76 @Ophidian18 @RAH00084 @avacta ...the remainder of #AVA6000 P1a, AND all of P1b.

The science is sound. Everyone knows that by now, surely. Dox is dox, it'll do its job when deposited in the TME in significant quantities. This will be proved in P1b (IMO).

The SP is volatile because traders play on...

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@GarethP76 @Ophidian18 @RAH00084 @avacta ...investors' irrational fears.

To reiterate: SP did not collapse because of poor data.

[On the contrary, as I Tweeted recently, #AVCT has been a victim of its own success (in terms of P1a taking much longer than ever expected, owing to the MTD still not being found)]

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@GarethP76 @Ophidian18 @RAH00084 @avacta The SP (primarily) collapsed because of fears of further imminent Diag M&A.

My view (/understanding) is that mgmt will not be stupid with capital allocation. Greater value upside resides in Tx over Dx (that's just common sense and basic business!).

Market conditions are... 7/9

@GarethP76 @Ophidian18 @RAH00084 @avacta ...grim at present. Raising capital will be extremely difficult.

Solution: save existing £35m gross cash for Tx, and secure that vital efficacy data in the #AVA6000 P1b trial.

This is what I (and many others) have imparted on mgmt; and I believe they are on the same page.

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@GarethP76 @Ophidian18 @RAH00084 @avacta In which case, now is the time to sit back and let mgmt do their thing.

#AVCT is cashed up to deliver the data required for the mega step change in mkt cap.

Furthermore, I believe that we will see a marked improvement in comms in the coming weeks.

Mgmt has listened.

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