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eer. It's D for E
2 billion shares at 1p offering as possible outcome or am i missing something
A bit of a milestone hitting 10p today. Gradually moving up bit by bit daily which is good because it keeps the pump and dump brigade away.
The Consent Solicitation will commence in early January 2018 and will last for a maximum of 10 business days. This process will result in one of the following outcomes: 1. Receipt of consents from note holders equating to at least 90% of the 2021 Notes by number and value. This will result in the terms of the restructuring being approved and applied to 100% of the 2021 Notes. The Initial Consenting Investors are contractually committed to providing their consents and equate to 62% of the Existing Notes. 2. Receipt of consents will be received amounting to less than 90% of the Existing Noteholders. In this scenario, an English law scheme of arrangement would commence, seeking approval via an alternative mechanism for the amendment to the economic terms of the PIK Toggle Notes. The Scheme of Arrangement would run for approximately 6-8 weeks and would result in one of the two following outcomes: 3. Receipt of consents from note holders equating to at least 75% of the Existing Notes by number and value. This will result in the terms of the restructuring being approved and applied to 100% of the Amended Existing Notes. The Initial Consenting Investors are contractually committed to providing their consents and equate to 62% of the Existing Notes. 4. Consents will be received amounting to less than 75% of the Existing Noteholders. This is considered unlikely given that the Initial Consenting Investors are contractually committed to providing their consents and equate to 62% of the Existing Notes. In this scenario, the restructuring would fail and the Group would need to successfully complete an alternative restructuring or raise new money in order to have sufficient resources to continue in operational existence for the foreseeable future. In addition to the consents required from the holders of the Amended Existing Notes to have their notes converted into ordinary share capital, the holders of the Company's ordinary share capital pre-reorganisation also need to approve three shareholder resolutions in order for the debt for equity swap to be successfully completed: 1. An ordinary resolution to approve the issue of approximately 2.0 billion new ordinary shares of 1p each in the Company. This resolution requires greater than 50% of votes cast to be passed. 2. A special resolution to disapply pre-emption rights with respect to the issue of these shares. This resolution requires greater than 75% of votes cast to be passed. 3. A resolution for the waiver of rights of independent shareholders to receive a mandatory takeover offer from
whats all the upbeat stuff about have i missed something are we coming back to life?
I feel like the party has started and certainly, i don't want to be left out. This could be the best time to make a few bucks here when we are expecting some sorts of good news out soon. Beyond that, it is still a big question mark.
Should be getting some news out soon plus there are not that many shares up for grabs for joe public as the majority are all held by the big institutions. Hence when news does come you can expect rather rapid movements in sp. 'Hold on to your hats and glasses folks!'
Why are you trying to put us off buying with such a big spread? What do you know that we don't? But we are on AIM after all!
Hi folks! I have just checked with Alexa (who knows everything) and she agrees with me in that the we should see SP of 25p this year.
I`m with the misplaced optimism one . Good news will be steaming It`s way here eventually . Best of Luck All
I must take issue with your post laguerre. I am absolutely sure there are less than 1% of intellectuals out here. I know I am not one and I have been very hard pushed to find any in my neighbourhood. Not sure where you get your figures from but they seem wildy optimistic. Still lets hope Avanti doesn't end up Avante!
This light hearted post is aimed at the intellectuals . . thus ruling out 99% of viewers!! . . However if you feel the 1% includes YOU - then read on, if not, no hard feelings please carry on cuddling your dolly's and happily playing tea parties! 'Avanti' is an Italian word meaning basically 'forwards, onward and upwards', so appropriate that it should be chosen for AVN. It is also frequently shouted by bicycle fans as encouragement to participants in the Giro or, Tour of Italy 3 week Cycle Race. In the early '60s American car maker 'Studebaker' produced a low volume, performance sports car and named it . . . 'Avanti'! Since then the US motorcar industry has been through colossal problems with motor car factories closing, and city populations decimated. However In various guises, the 'Avanti' name prevailed into the 21 st century. Now in no way do I suggest a parallel with 'AVN Tech', who I support with real money, but it's history on Wikipedia makes interesting reading, which you may enjoy reading and which I sincerely hope bears no relation to AVN's current or future situation.
I hope this year is Avanti`s big turnaround year . We all live In Hope Best of Luck All Brave Souls whom believe that the cat is available for de- bagging .
The FT Price target has gone up then. I'm sure it was 20p last time i looked
Just what I said as well. https://markets.ft.com/data/equities/tearsheet/forecasts?s=AVN:LSE As of Jan 16, 2018, the investment analyst covering Avanti Communications Group PLC advises that the company will outperform the market.
Thanks Lets see how this share goes.
Launch in March 2018.
Been v busy lately so can anybody remind me when launch of Hylas 4 is due?
Still not 10p . But there seems a good chance that good value is available at today`s MCAP. Best of Luck All
The beginning of positivity is not the end of uncertainty . Of course, good news will make the difference . Let`s hope Mr Harper has Avanti`s shareholders best Interests at heart . Best of Luck All
Looks like the sp is on the way up but we need a couple of big contracts news to strengthen our positions.
Good times ahead . Perhaps through hylas 4 . Best of Luck All
Lets hope so, nice to see some positivity. Good luck.
haha! i see what you mean :) :)