Member Info for Ivybush

Incidently my post [the previous one on this share] of June 2013 said exactly the same thing ----and the share price was double todays---check it out. and Good Luck I could be wrong!

At last! Someone on this post site has got the message. I bailed out last October shortly after RNS announcing Ellitts CFD for approx 15% of share capital. This means that with holding of 13% beforehand they effectively control 28% of company. Limit is of course 30% before full bid has to be made. So they appeared as helpful White Knight at lent AVM $15m which is now in default. Let this situation carry on for a month or two when, on present indications funding for current operations will run out, and what do they do? Swap the loan for equity, have a majority stake, shares virtually worthless and get stuck in to break up company, thereby repaying their stake. Do look at Elliott CV and you will see that they specialise in buying distressed debt ---what is more distressed than AVM today? Sorry to be a wet blanket { Lofty et al} but I felt I had to add my thoughts.