asianfriend
06 Feb 2017
Re: Pathetic ! Perhaps AVO are well rid of Sinophi and can now paddle their own canoe.
fish lips
06 Feb 2017
Re: Pathetic ! I've emailed them asking for some further info, so we'll see if they come back to me.
fish lips
06 Feb 2017
Re: Pathetic ! I think you are over reacting. Of course it isn't the greatest news, but to say pathetic weasel words is probably a bit harsh.You must remember that they probably did believe they were right, but then in the face of a lengthy legal battle and costs, they probably thought it's not worth the hassle. Cut the ties and move on.Would you prefer them to pursue a legal case? Spend the money they have, potentially go to the market to raise more funds to pay for it? Divert attention and focus on delivering what they have to do?I'd like to know the reasons why, but given the situation I'm not surprised of the stance.
Kenj2
06 Feb 2017
Re: RNS Fish lips, The reason that the Sinophi deal collapsed was due to delays in AVO being able to produce a working prototype, or even say when this was likely. As in my previous post AVO have tried to pretend that the deal was still intact, and laughably even threatened to take action against Sinophi.A far more straightforward and honest statement from Sinophi.[link] 26, 2016"In early November 2016, Sinophi Healthcare’s two project cooperations with China-Japan Union Hospital of Jilin University and Huai’An First People’s Hospital to install Advanced Oncotherapy LIGHT proton therapy machines were terminated due to delays in the proton therapy machine delivery schedules. Sinophi is not looking for other sites for these machines in either Changchun or Huai’An and will look elsewhere.As a result, Sinophi does not expect there to be any progress with the four Framework Agreements with Chinese hospitals signed in 2015 to use and install Advanced Oncotherapy LIGHT proton therapy machines until such time as Advanced Oncotherapy has a working prototype capable of commercialization. As this is a new technology, still in the research and development stage, we are unable to predict when this will be achieved."
Kenj2
06 Feb 2017
Pathetic ! What pathetic and weasel words from AVO.After repeatedly denying that the contract had been terminated (the contract exists, but there are no customers), they then threaten to take appropriate action, and finally return all of Sinophi's $250k deposit.When is this company going to stop lying to, and misleading its shareholders?RNS 16th Nov"Separately, the Company has been informed by Sinophi Healthcare Limited ("Sinophi"
that Sinophi's customers, will not now be proceeding with the installation of AVO's LIGHT technology in the hospitals of China-Japan Union Hospital of Jilin University in Changchun and First People's Hospital of Huai'An. Advanced Oncotherapy's orders for the two machines from Sinophi remain in place and as per this agreement Sinophi and AVO are assessing other sites in the same cities as well as pursuing other framework agreements in China."RNS 30th Nov"The Company reiterates that despite the recent news that two Chinese customers are not now proceeding with LIGHT installations, the sale and purchase agreements between Sinophi Healthcare Limited and Advanced Oncotherapy for two machines remain in place.....The purchase agreements also state that Sinophi will install the LIGHT system in the specific planned facility sites in Changchun or Huai'An or, if not, in alternative locations in China."RNS 24th Jan"Advanced Oncotherapy is firmly of the view that Sinophi has no legal basis on which to make this termination and will take appropriate action to protect its position."RNS 6th Feb"As a result of the ending of the agreement with Sinophi, Advanced Oncotherapy has repaid the deposit of $250,000 received on 18 September 2015 (recorded in the Annual Report 2015 in Note 21 as Customer order deposits received)."
fish lips
06 Feb 2017
Re: RNS So, Sinophi has fallen through. I wonder why? They must have another supplier. Perhaps a Chinese one!It is disappointing, but this was just one partner, once this gets going I'd imaging there will be a number of big players that will buy this company. They need to get it fully tested and operational, first though, which is all looking on track.SP has fallen but the market doesn't see this as catastrophic, either, as volume is only small.GLA
seadoc
06 Feb 2017
Re: RNS This one?[link]
fish lips
23 Jan 2017
RNS Strategic partner!Interesting they are still using the term non-dilutive. So who is it going to be? Who ever it is it is good news.Hopefully see a tick up this morning.
buy1get1free
03 Jan 2017
Re: Recovery and Director Buys Amen! but they've hardly inested a kings' ransom have they?what do you calculate their aggregate outlay cf their remuneration?
fish lips
03 Jan 2017
Recovery and Director Buys So the SP is now recovering and we've had some Director buys. things are looking good for 2017, we just need the thing to work now!
fish lips
01 Dec 2016
Re: What's up again ? I work in a similar industry and, agreed, it is now the key milestone.The RNS stated that we'll get an update in Q1 next year, that gives them plenty of wriggle room, as I know that Testing can throw up a whole heap of stuff that can scupper a release.
Meanbugger
01 Dec 2016
Re: What's up again ? Fish lips it shows they read the bulletin boards. You mentioned the testing in a previous post. I agree this is an area that investors will be focusing on in the future. It's all very well having nice premises in Harley Street and provisional orders from China but the key to future sales is having a fully working machine up and running with a CE mark.
fish lips
01 Dec 2016
Re: What's up again ? And as if by magic out comes an RNS! Mystic Fishlips!
fish lips
30 Nov 2016
Re: What's up again ? I agree the management need to put some spin on things, the price has dropped because a few people didn't like the news about the Hospital pulling out of the agreement. The end user has still agreed to take the units, but, at this moment they don't have a location anymore. So the MM will have offered a low price and the seller has taken it and that's driven the SP down.Is the news significant, it depends on how you view it.It is disappointing, but not the end of the world. It's the testing and how that is going that is the major news item we need to know.Good to see a director buying more.
Meanbugger
29 Nov 2016
Re: What's up again ? I don't hold these but can't help noticing the awful chart. The shares have been slipping on modest volume without much buying interest. The cash burn in the first half wasn't encouraging either. Management need to do something to rebuild confidence.
