Member Info for cassius

That�s why I cannot understand posters who keep saying nothing new in the RNS!!! All of a sudden the companyare in trouble AFTER restructuring. I don�t think anyone here was thinking along those lines before the RNS.

Yep, no movement prior to or after launch was a bad sign . People in the know were selling all the time into any possible rise. Whoever it was who sold immediately after the RNS made a good call. Think he got in the region of 10 p. That looks a long way off now .

Well, if the market have got it wrong because of a badly worded RNS, then the market have got it very,very wrong because the sp is falling as if we are in trouble.

Will this open offer be fully subscribed at 38.5 million shares. The directors are having less than a million between them. What happens if it isn�t fully subscribed ? Who here is going to buy more at 11.3p ?

Well now they are talking of trouble meeting debts AFTER the restructuring. I think that is new news.

Well I haven�t sold , so I hope that you are tight Qd. The market obviously does not agree with you though. The section of the RNS that I highlighted below surely means that they are still struggling to cope with ongoing debt.

Well the below, taken from the RNS does not encourage me to buy - Furthermore, if the Restructuring completes but the Company is unable to raise Additional Funds of at least US$50 million and secure US$40 million infrequently recurring revenue in pipeline by 30 June 2018 then based on the projected cash flows of the Group, the Company will, within the 3 months following 30 June 2018, be highly likely to be unable to pay its creditors, as and when they fall due for payment.

Yep, don�t think that you will be on your own in your thoughts or actions, Visainn. Good Luck

I thought the restructuring had been agreed and we were sorted for the foreseeable. Now just after the Satellite is launched we are getting news that we may be bust by summer. The sequence of news is strange to say the least.

I don�t think that the sp is going anywhere at the moment. Seller(s) are offloading at every opportunity. Any rise will be sold into at the moment. That could be for a variety of reasons but the obvious one is they want out. My concern is that it is the new equity being sold. I know I will get shot down for saying that because it hasn�t officially been issued yet but I�ve seen some strange things on this market over the years. If it is, we could be stuck around here for months (years ) and yes I am a holder.

People selling just before launch. I know it�s small sells but they can only sell what people will buy. I just get the feeling that there is a big seller in the background .

Not much interest pre launch. Hopefully interest after launch ??

What you say about the bond holders is of course true. But I�ve seen lots of strange things happen on the markets .

I hope that they 109k,150k trades that pop up aren�t one of the former bond holders selling their new equity in dribs and drabs or else we will never move !!!

20 March 2018 Avanti Communications Group PLC Approval of Scheme Creditors received at Scheme Meeting Avanti Communications Group PLC (AIM: AVN) ("Avanti" or the "Company") announces that it held a meeting of holders of its 12%/17.5% Senior Secured Notes due 2023 (Reg S CUSIP/ISIN: G0713N AH3/USG0713NAH38 and 144A CUSIP/ISIN: 05351L AJ6/US05351LAJ61) (the "2023 Notes") today for the purposes of considering and, if thought fit, approving the scheme of arrangement (the "Scheme") to be made between those holders (the "Scheme Creditors") and the Company (the "Scheme Meeting"). The Company is pleased to announce that Scheme Creditors holding approximately 98.3% by principal value of the 2023 Notes voted and that 100% of the votes cast were in favour of the Scheme. Following today's approval of the Scheme by the Scheme Creditors at the Scheme Meeting, the Company will now ask the High Court of England and Wales to sanction the Scheme at a hearing expected to occur on 26 March 2018. A copy of the terms of the Scheme proposed by the Company and a copy of the explanatory statement for Scheme Creditors ("Explanatory Statement") are available to be downloaded from the Scheme Website at https://sites.dfkingltd.com/avanti. Account holder letters for use in connection with voting on the Scheme ("Account Holder Letter") may also be downloaded from the Scheme Website. If Scheme Creditors wish to receive hard copies of the Scheme or Explanatory Statement free of charge, they may contact the Company's legal advisers by e-mail to avanti@milbank.com or by telephone (+44 207 615 3000). In order for Scheme Creditors to receive their pro rata share in 92.5% of the Company's enlarged issued ordinary share capital following completion of the debt for equity swap under the Scheme on the restructuring effective date, which shall be determined in accordance with the Scheme, Scheme Creditors who have not already done so must submit a validly completed Account Holder Letter, a copy of which can be downloaded from the Scheme Website, to D.F. King, by 5pm (NY time) on 27 March 2018. Implementation of the debt for equity swap pursuant to the Scheme remains conditional upon, amongst other things, shareholder approval of the issue of the debt for equity shares at a general meeting of the Company (the "General Meeting") expected to be held during April 2018. A circular containing, amongst other things, the notice of General Meeting will be published in due course. Enquiries

Hahahahaha. He can�t be for real. Good fun though.

Thanks Matt, I really could not be arsed. Getting close to your last buy in price now. I think that you will make a profit.

Thanks Matt, I really could not be arsed. Getting close to your last buy in price now. I think that you will make a profit.

LOL 😂😂😂😂😂😂

Is he comparing SP�s. �8 for one company compared to �4 for another etc. ?????? You couldn�t make it up.