Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So to buy AVN at the current sp would cost about £450 million. I would think that’s cheap considering it’s cost about £1.2 billion to get everything in place. ??
So to get money back via Mr Bowen depends on him proving that Motive Television was just a scam. A company created just to make money off naive investors like you and me. He would have to prove that the company never had anything worth investing in. How does everyone feel about that ? What’s are your thoughts East ender ? You attended all the AGM’s etc ?
Avanti Communications Group Plc
16 May 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
For immediate release
May 16, 2019
Avanti Communications Group plc
Expiration of Consent Solicitation
Avanti Communications Group plc (AIM: AVN.L) (the "Company" or "Avanti") announces that its previously announced consent solicitation (the "Consent Solicitation") to, inter alia, give the Company (i) the ability to raise additional capital borrowed in the form of super senior debt including in the form of the New 1.5 Facility as well as (ii) the ability to provide for the priority of payment of enforcement proceeds so that New 1.5 Facility will be senior relative to the Notes and junior to the existing super senior debt, expired at 5:00 p.m., New York time, on May 14, 2019 (the "Expiration Time")
The Consent Solicitation was made pursuant to the terms and subject to the conditions set forth in the consent solicitation statement (the "Consent Solicitation Statement") dated May 9, 2019, as supplemented May 13, 2019.
At the Expiration Time, the Company had received consents from holders representing 94.94% in aggregate principal amount of the Notes in connection with the Consent Solicitation.
The settlement date for the Consent Solicitation is expected to be on or about three business days after the date hereof, at which time the Company will make a consent payment of $0.05 per $1,000 principal amount of Notes, to be paid in the form of cash, to holders who validly delivered a consent in connection with the Consent Solicitation prior to 5:00 p.m., New York time, on May 14, 2019.
As part of the previously announced re-financing in the range of $225-250 million, the Company has successfully obtained the ability under the Indenture to raise up to $75.0 million additional capital in the form of the New 1.5 Facility and to enter into the ICA Amendment.
Any questions or requests for assistance related to the Consent Solicitation may be directed to D.F. King & Co., Inc., the information and tabulation agent in connection with the Transaction, at +1 (800) 714-3306 (toll free), +1 (212) 269-5550 (collect) or by email to: avn@dfking.com.
Terms used but not defined in this press release have the meaning given to them in the Consent Solicitation Statement.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
50p
Sorry, wrong board (again!).
Well, for every seller there is indeed a buyer. People like us, on here. Looking to average down, top up, taking a punt, after a 100 -1 winner, seeing long term potential ? Who knows. But the price to sell is getting ever lower as is the price to buy and if the big seller keeps selling this trend will continue. Avanti have released decent news recently but if the price looks like going up and buyers appear then the seller just sells more while he can.
500k here,500k there, sold over 10 days is 5 million shares , over 100 days is 50 million shares etc. etc. There is no way that a large amount of shares, say 100 million, could be sold into the market in one hit. It has to be drip fed.
If it’s one of the very big shareholders they would have to sell a lot of shares before the percentage changed at all.
I would say that the numbers indicate a big seller, selling whenever the opportunity arises. 100k, 150k, 250k, etc. I think that traders tend to buy in £1000, £5000 etc. which then equates to odd numbers of shares. Just guessing and WTFDIK
Yes, that’s what I based it on. 1000USD /MHz per month. Could be more.
So best guesses for how much this contract could be worth ? Between 1 and 2 million per month ???
08/04/2019 7:00am
UK Regulatory (RNS & others)
TIDMAVN
RNS Number : 3586V
Avanti Communications Group Plc
08 April 2019
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
Avanti Communications Group plc
Avanti Communications Signs Long Term Bandwidth Contract with Turksat
Avanti Communications (AIM: AVN), ("Avanti" or the "Company"), a leading provider of satellite data communications services in Europe, the Middle East and Africa, has signed a long term bandwidth contract with the Turkish communications satellite operator Turksat.
Under the contract, Turksat will commit to 1.8 ghz of capacity on Hylas 2 for the next three years with an option to extend for a further 12 months. The contract will commence on 1 June 2019 and revenues will be spread evenly across the life of the contract.
Kyle Whitehill, Chief Executive Officer, Avanti Communications said: "We are delighted to have been able to provide this capacity to Turksat which will cover the whole of Turkey. This is a significant amount of capacity on HYLAS 2 and demonstrates the demand in the regions in which Avanti operates."
Cenk en, Chief Executive Officer, at Turksat continued: "We are very happy about our partnership with Avanti, as Turksat is a global player in satellite market, this agreement will enable each partner to grow their business significantly with providing high quality solutions to different organisations with a seamless connection."
Yes, I thought about the bond holders. If so, then this selling will be never ending !
Once we get rid of this big seller, we will be fine.......??
I hope so too. I just can’t envisage how or what would happen. Is there any precedent for a company in the position of MTV relisting after so long ? Coming back from the very brink of ceasing to exist?
So what are you hoping to happen next Shaa ?