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Talking of the moronic, sorry not to have heard from GCCRa in the past few days. Wonder if he's sold out......?;-)
This Board does seem to attract the moronic. Just add Parsely to the long list..........
Parsley, it would help if you had even the most basic grasp of English. However, in an effort to enlighten the most terminally ignorant, let me lay it out for you again in playschool language.
As per the recent RNS, AVN's 10 largest institutional shareholders own 85% of the company.
Of those, the 5 largest own 75% of the company.
And of those, the 3 very largest own 62% of the company.
Not too difficult to get your little mind around, is it?
And thanks, but I fully understand latency. It's also not a difficult thing, but does involve understanding the fact that the speed of light cannot be surpassed. However, that type of concept is clearly way WAY above your pay grade, so I wouldn't worry if I were you.
Do have a nice day now.
Adrian, you could try voting against the delist resolution, sure.
Trouble is, as AVN has made clear in the recent RNS, their 10 largest shareholders hold 85%, their 5 largest shareholders hold 75% and their 3 largest shareholders hold 62%.
AVN has already got the 3 biggest fully onboard with their delisting plan. It's a fair bet that they'll get most if not all of the other large shareholders onboard and voting in favour of delisting too. Which makes the vote at the forthcoming General Meeting a foregone conclusion... they'll delist.
By all means hold onto your shares and vote against delist if you like - but if it goes through on 5th Sept (and it's a racing certainty that it will, as per above) that then only leaves you 12 days to offload your held AVN shares... that is, presuming you don't want to end up holding illiquid and almost entirely untradeable shares in a private company.
Entirely up to you though...
Do whatever as long as we can push back up the share price.
Surely it would be better for shareholders to vote against the resolution rather than sell now?
Dan, no I can't speak for anyone else bar myself (obviously), but actually I don't think it particularly matters *why* people comment as they do... far more important to me at least is *what* they say AND how well they justify it.
Here's some info for you. I don't hold shares in AVN - but I am involved in the alternative broadband industry (NB not within an operator) and as such know AVN, its history, its routes to markets and its competitors (within satellite and other wire-free broadband technologies) pretty well. That's why I've tended to comment here now and then.
So taking MTB's expressed opinions for example. Utterly regardless of the fact that he and I have been of like mind (that's irrelevant), he's always justified the reasoning behind his thinking. To me that then makes his opinions far more worthwhile than say the likes of GCCRa who has only ever effectively said "Incredible bargain! Set to rocket! Buy now before too late! And anyone disagreeing with me is a poopyhead!"
Matt, all noted.
Well I was a holder, so retain an interest. I only post when I think someone else has posted something misleading. If you were to look a few years back, you would see posts from me involving analysis and critical thinking (as I post on all the other stocks i post on with LSE), but given the barrage of abuse, I decided to simply respond in kind. I believe that SS's backstory is similar. I have never called the end of the Company, or even talked of fat ladies, simply my concerns that any return for shareholders was extremely challenging given the size of the debt mountain. Everthing else has been direct retorts to posts aimed at me (as this is).
HITS, all sensible.
It is the dedicated stalking by the obvious non-holders that is bewildering. I buy and hold and hope that my investment does well. I know the score on the door and I place my bet and wait. Please can you explain the rationale for the countless postings by these 'non-holders'. Matt says that he is a community-spirited type of guy but this just comes across as something much more because of the intensity and frequency that he and A N Other adopt whilst feverishly waiting for singing from a fat woman.
Dan, don't be ridiculous. Nobody here to my knowledge has "wished ill" on AVN... and even if they had, what possible difference would it have made?
All some have done - including me now and then - is look dispassionately at AVN, focussed on facts and fundamentals and as a result have presented a less than positive opinion on the company's prospects. Looking at yesterday's news, I would say that those of us with such opinions have been conclusively proven to be 100% correct, no?
And that's not stated as a self-congratulatory thing in any way. I'd of course have liked for AVN to be a success - it's a British company after all - and I have a deal of respect for Kyle Whitehill, who clearly has been trying to take the company in a far more sensible direction.
Unfortunately - as is now clear to all - the damage caused by the shocking mismanagement and profligate spending under the Williams regime was simply not going to be repairable in time. The historic hole beneath the waterline and the attendant debt millstone were both so massive as to make Kyle Whitehill's task an extreme long shot, no matter how good a go he gave it.
IMO, most right-thinking PIs' anger should be reserved for swivel-eyed fanatics like GCCRa who in the face of all the factual evidence have spent the last two plus years assuring everyone and anyone that AVN shares are an imminent multibagger and that riches are quite literally just around the corner, while simultaneously ****ging off anyone daring to express a counter-opinion. And let's face it, it's exactly that sort of mindless ramping that actually requires counter-opinions to be expressed.
Hopefully nobody ever listened to his endless "Strong Buy" recommendations and got suckered in by such endless ramping. I guess we'll never know whether he and his like were just delusionary or company shills - not that it really matters now.
Just a community-spirited type of guy I guess :-). If i've saved some unsuspecting investor a few quid, as opposed to them following the bilge that you GCC and the rest of the brain trust have posted, then it's been well worth it.
I must admit that I remain intrigued as to why certain individual(s) devote so much energy on something that they do not believe in. #spurned_lover
Dan - Even in the face of the Company's ultimate demise (from a share price perspective) you prefer to focus your ire on those here who have been proved right time and again. It is you who needs to move on I think. Good luck though :-)
Some critics (moaners) will get closure soon and finally be able to move on.
You do know who you are, because of the energy you have devoted on wishing ill on this company's efforts to progress and thrive.
This satellite operator was an obvious basket case, for years, due to massively excessive debt, and trading losses. Shareholders were diluted by over 90% when the bonds were converted into equity. Given that the bondholders own the bulk of the company's equity now, there's little free float, hence no point in maintaining its listing.
Therefore it has decided to delist, becoming a private company. Therefore investors who cannot hold shares in a private company, will need to sell up for whatever they can get in the market, before the shares delist.
The last day for trading in the market is expected to be 17 Sept. That's one less rubbish company for me to report on, so I'll be glad to see the back of it.