There is more to Avacta than meets the eye. Or should that be less? Short!
By Cat Jeeves | Saturday 1 October 2022
Disclosure: The author has a short position in one or more of the shares 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.
There is more to Avacta (AVCT) than meets the eye, it’s a retail favourite with a rather steep valuation and an army of twitter and BB rampers working to push up the share price. This sort of cocktail attracts the shorts like myself. Where to start with this one? Let’s put aside the £275 million valuation, lack of ongoing revenue and impending cash raise.
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