AVR (ASX) Ann: Share Purchase Plan Results

Originally posted by Eire2011 ↑

So many emotional responses to a share price move. Any long term holder of Admedus is surely battle hardened to this by now? Anyone not should get used to it. It’s called volitility and goes hand in hand with a stock like Admedus.

It’s all noise and nothing bad has happened to the business today. In fact we just received an extra $2.7 million to help progress our pipeline. Yes it was below the maximum that we could raise but that’s ok. The only reason it was is because so many holders (many on here) do not have enough conviction in the companies future to add to their holding. Also why many still have average buy prices of 50 cents and above.

There are also some panic merchants on HC with CFD’s and leverage who start to jump up and down with any share price decline. Be aware of other people’s motivations in their posts. (My main motivation is to try and educate some share holders around the facts and any information I have earned through the large amounts of time I put into my reaseach. I intent to hold Admedus for another 10 to 20 years and so while it is never nice to see a share price decline any day to day moves are inconsequential to me.)

Many on HC like to have cheap shots at Wayne our hard working CEO on days like today but that is completely an irrational response. Wayne is not selling stock today in fact he will be buying his $50k worth at 30 cents later this month. He is also too busy trying to close our Immunotherapy deal, get some IDN’s over the line this month, progress our TAVR project and help his team hit our June Q2 targets.

Anyone with sense knew this SPP would be under subscribed given the share price during the raising. I subscribed in full knowledge of that and I am happy with my decision. I can understand that people get upset with a share price drop but that is the market. Who knows why people buy and sell when they do on any given day. I can tell you that sales at Admedus have not dropped 12% today (in fact Adapt sales are scheduled to rise about 150% YOY in 2018 vs 2017).

While we did not raise the $5 million in the SPP that we could have what we did raise is sufficient for our plans and we are still on track for break even in the 4Th quarter and 34 million revenue for 2018.

So the share price will do what it does today and that is the market. In the meantime the company has two potential IDN’s they may close this month and an exclusive agreement to be a supplier of VascuCel for a large hospital that is apparently close to be finalised.

With TAVR animal studies starting anytime from July 1st and the June 4C also due in July, time will tell if today was a clever day to buy Admedus shares or sell with the herd.

So let’s see what happens, but it’s a normal day for me and I remain focused on the facts and not a knee jerk share price reaction. It will be interesting to see what happens. But I understand that everyone is different and reacts differently to situations like this. I am just adding a little bit of perspective on a day when some may feel disappointed / dispondent with their investment.

Expand

You call that a "share price move"? Others would call that a share price collapse.

The responses are not to the share price collapse but to the events that have taken place as a result of mediocre management. One of those responses is the share price itself and if you think that a drop of 15% in one day and a 30% drop since the bungled SPP announcement is simply "volatility" then I'd suggest that you're a gambler and not an investor.

Take a look at the rest of the ASX and consider how many other shares have "moved" this much today.

No.	Vol.	Price($)
1	1000	$10.49

No.

Vol.

Price($)

1000

$10.49

Price($)	Vol.	No.
$10.75	413	1

Price($)

Vol.

No.

$10.75

413

No.	Vol.	Price($)
1	1000	10.490
2	1097	10.300
4	4003	10.200
1	500	10.150
2	1450	10.100

No.

Vol.

Price($)

1000

10.490

1097

10.300

4003

10.200

500

10.150

1450

10.100

Price($)	Vol.	No.
10.750	413	1
10.950	4	1
11.000	3758	1
11.800	200	1
12.000	5000	1

Price($)

Vol.

No.

10.750

413

10.950

11.000

3758

11.800

200

12.000

5000

(20min delay)
Last $10.75		Change -0.110(1.01%)		Mkt cap ! $227.2M

Open	High	Low	Value	Volume
$10.95	$10.95	$10.24	$285.2K	26.69K

Ann: Share Purchase Plan Results, page-35

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