Member Info for cassius

Romaron, you have sold to me the idea of Avanti being sold. Ever since the AGM that you attended you seem to be convinced this is the way things will play out . What price do you think ? 30p ?

Kpatel. If a share price is �1 it is a �1 whether there are a million or 20 billion shares in issue. You will still get �1 per share. The difference it makes is to the market cap of the company. 1 million shares at �1 = market cap of �1 million. 20 billion shares at �1 = market cap of �20 billion. But your shares would still be worth �1 in either of the examples. You can imagine how much harder it is to reach �1 in the second of the 2 cases though. That�s why more shares in circulation means it is harder to achieve that �1.

HITS, yep, half a billion shares dilution is better than a billion shares. I still think that there is a big seller in the background. Every so often we get 100,000 and 200,000 trades. Not a lot on their own but they add up and obviously 10s of millions cannot be sold in one trade. So is it a big seller taking us down or the market taking us down to a placing price ? All will be revealed shortly.

Thanks for the replies HITS. I�m not inclined to do anything until the funding is sorted out. If it is a placing of a billion or more shares then I think that I will have plenty of time to get in at a low SP when they are issued. If funding comes from a different source I might miss out . The SP could rise very quickly on funds from a bond. But WTFDIK ??

HITS, your placement theory looks more and more likely as the price heads down to around the placing price. I was hoping you were wrong to be honest. It�s a massive dilution again. What are we looking at ? Another billion shares! Over 3 billion in circulation then. To get to half a billion market cap then the sp only has to be about 15 p. So little hope for the very long term holders of ever getting much return on their investment . I was hoping that they would go down another route. Perhaps a bond ? On a positive note, a placement would obviously secure our future, then the question is do I put more money into this. At the moment I need about 19p to break even and that seems a long way,away.

Taken from the RNS :- The Company continues to pursue multiple lines of funding to complement the restructuring which the Board expects to conclude positively in the short to medium term

That�s my big hope Scotty. It�s been such a long and complicated business getting to where they are with the restructuring. Would they have gone all through this process to trip over a hurdle that they must have seen coming all along ? Surely with all the planning it�s taken to get to this stage there must be a plan to get over this last hurdle.

Sorry, the copy and paste had a few problems but I�m sure you get the idea. The jumbled up signs and numbers should be GBP signs.

I posted this earlier in the year, it�s just a very,very rough calculation So in 2016 Inmarsat bid �1.40 a share which equates to a � 200 million pound market cap. And the debt at the time was $980 million. Let's round the market cap plus debt up to � 1 billion . Now the debt is $ 423 million so to get the market cap plus debt back to the �1 billion we would need a market cap of approx �700 million. When we have 2 billion more shares issued that mean an sp of around 35 p. Also when the original bid was made there was no Hylas 4 in the equation. It's obviously back of fag packet calculations but interested in other views.

Restructure again !!!!! Please no !!! Most people are only just about getting their heads around this one.

Romaron, I know that you went to the GM and you are relatively positive about AVN. I have no problem with that. That�s your opinion. I�ve been invested in many companies and when shareholders go to GM�s it�s very rare that they post begatively after attending. If they speak to the BOD, they tend tend to hear what they want to hear and that is always going to be a positive message. I just thought that your reasoning for him not buying was very strange. He wouldn�t want to influence PI�s bu taking up his full offer. If he�s confident of the future of the company, I would rather he did take up his full offer and influence shareholders and consequently the SP in a positive way.

Romaron, I appreciate all your feedback but with all due respect - he didn�t buy because he could be influencing private investors - that doesn�t even make sense. By not buying his allotted entitlement he is influencing investors into thinking that it�s not going to hit 11p any time soon - as HITS had already stated.

And FWIW I think that if and when more cash is to be raised it will be via another bond. They have just issued 2 billion extra shares. To raise �50 million would mean another billion issued (approx). They won�t do that , surely ???

DoubleU. Legal requirement to enable them to put the rest of the restructuring together would make sense or to enable them to do something else in the future. The wording of the RNS meant the offer was doomed to failure but if it was only a legal requirement then Avanti wouldn�t care any way. To be fair to Avanti , perhaps the RNS concerning the restructuring had to be worded in the way it was to satisfy legal requirements (again !).

DoubleU.You really think that AVN care about the shareholders that much that they do an open offer purely for our benefit with nothing in it for themselves (except a drop in the ocean funding ). And then they issue an RNS that is bound to make the sp drop and so rendering their act of goodwill to the shareholders absolutely useless and pointless. Still can�t get my head around it.

I cannot get my head around why the open offer was only for �4mill when they need so much more ?? What was the point of the offer when it seemed doomed to failure if Solus are not taking up the offer. �4 million is not enough to get them out of trouble and then they make sure that nobody will take the offer up by issuing an RNS that is bound to eee the sp plummet. Strange.

Well, whatever is happening the good news is that we are rising steadily. Up about 40% from lows now. If it is a stream of good news from now on in and all this is planned out as HITS is alluding to(I am beginning to believe this ) then we could be in for a good run here.

Well If that is true OPB, then it must be the worst supported open offer in history. LOL

BTB - Avanti have given the impression (at least to me) that Solus would take up the full OO if needed. From the RNS :- Further details on the Restructuring are set out in paragraph 4 of Part I and in Part II of the Circular. The Debt for Equity Swap and the Open Offer will result in the Solus Funds increasing their aggregate shareholding to up to a maximum of 42.0 per cent. of the Enlarged Share Capital (assuming that the Solus Funds subscribe for their full Open Offer Entitlement and that no other Shareholders subscribe for Open Offer Shares)

An RNS saying that Solus have bought 30 or 40miliion shares at 11p will affect the sp in a positive way I would have thought. BWTFDIK !!!!!!