The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Glad to see my shares are up today. Confirms rumours about buyer getting closer every day...
Regretfully, the present is even worse. At least under David Williams the relationship with the city was good. In fact. the current hedge fund companies, managing de facto Avanti have been found and convinced by David, certainly not the current management, quite shaky reputation indeed. Look for rain my friend and good luck.
Have you guys ever been to a AVN general assembly in your life? You have not for sure.
As per Avanti business model, you are clearly far away from the reality of their business model as there is no new revenue, and they are struggling to acquire new significant customers. Therefore, even the definition of business model is pure wishful thinking.
DanSteely,
Subject "Avanti insolvency" is not my proposed subject. Google it and you will have some explanations about what is going on. I am on this board because I have got over 50,000 $ value in shares which are almost volatilised and anytime I attend a general assembly I listen to the same lies. Hence, I want to express my frustration and warn of more nonsense coming...
It is not being negative, rather realistic and frustrated by many years of lies and deceit. Keep on being "positive" and loose your money, if that means being positive for you.
Contract with iWay took place well before the new CEO took place. And pls check the contract value... again there is a lot of wishful thinking which I share, as I want to see my financial exposure being reduced. Momentum ? I see other VSAT operators, way bigger and more financial stable than Avanti gaining momentum. Avanti is still there, with a few press releases and lots of noise.
"Wishful thinking" has been the rule of the game for the last 5 years for Avanti. Thinking to reduce a debt of $1B with a satellite over Sub Sahara Africa and 4 steerable shows scarce knowledge of the african market and possibly of the ongoing current price pressure. Price level in Africa is getting close to the 100$/M and competition is tremendous.
We have the courage to say: " $540 million to grow to $2.6 billion by 2022" : excuse me but how ? certainly not with the current customer base and even less at the current recurring revenue pace. Let us be serious, we all have exposure and shares but playing the "wishful thinking" game does not pay off when you have been in intensive care for such a long time.
Unless you guys are happy to see share price floating around 4.50 pences...
It is a dead duck and Hylas4 is up in orbit, but I have not seen or received any info release on contracts in Subsahara Africa. Do customers sign up with almost dead companies ? no way. Let us not fool ourselves here. It is a failure of many years of mismanagement
AIMO, good summary, but though game when you shares are at 4.70 pences...
The US bondholders de facto control the company or what is left of it.
I have lost money investing in this crap and I cannot bear more lies given from their people, especially those who have been doing this Ponzi scheme for the last 10 years. They are master in using OPM (other people money) and customers do not believe in them anymore. Hylas4 launch has been delayed three times.
AVN has also lost good people like their CTO and CSO. There is no chance they can recover unfortunately, unless a generous buyer comes to aid. I think this will take place when they are beyond death status, i.e. in the next few months, if not earlier.
Next step is surely dressing up the company to make it more attractive to a possible buyer but the reality is AVN has been on sale for the last 3 years, no chance of getting a buyer as the situation is a mess with 1B USD debt... it is just in intensive care, and everybody is waiting for the obituary
I seriously think it is just postponing a written sentence. Company has weak management and not able to convince markets that can play a role.