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So sorry to see the bad news today,not here to gloat,haven't held this share for about 10 years when it was approaching £2 per share Hylas 1 I think was going to be launched,anyway I didn't hold for whatever reason.But SXX has now caused Me pain !! I will never invest in these so called start ups ever again.
rum - they've alreadly lined up JP Jenkins to do this. Read the RNS, it's all there.
HIS - if you end up with a share certificate and you want sell later at some point , how do you know which broker deals in private companies ? Doesn't the Company have to register with a broker first before persons can use the matched facility trading platform .
Cheers HITs - you've been the voice of reason here, and its a shame that many sought to decry you rather than thinking through, and appreciating what you had to say. Good luck to you and your investments, and perhaps we'll meet again on another board...........
Well, it's the last day for anyone wishing to bail out of AVN, before the company goes private and the only way to trade shares will be via a broker-run matched trade facility. The end of an era, I guess.
To those who've taken a hit on AVN (as I suspect most have), I hope it wasn't too painful. To those brave souls who decide to hang onto their AVN paper as the company steams into private obscurity, your stubbornness has my respect - even if I'm not sure that your acuity does.
I also have some sympathy for Kyle Whitehill and the rest of the newish AVN BOD. They've tried to set a much more sensible strategy over the last 18 months - but sadly as anyone but the most swivel-eyed and foaming at the mouth zealot (GCCRa, anyone?) could quickly spot, the appalling, profligate and frankly scandalous mismanagement by the David Williams regime made this doomed from the off.
It is of course typical of AIM that DW walked out with many millions in his pocket (all of which must have been effectively siphoned out of investor-provided funding, since this outfit has never come anywhere close to turning a profit). It is of course equally typical of AIM that PIs are left holding the bag.
Sayonara all. It's been... real. (And unfortunately for many, horribly real).