Total stitch up.....11 Mar 2024 08:24
You all thinking Anavo have a lot to lose, you are all wrong, they took their chance made in excess of £100m and now they are giving back £20m
The biggest losers as always are the shareholders who invested on the back of the statements made by the BOD where infact they were clearly fraudulent.
Art is behind all of this, taken SH funds to fund the project to where it is today, taken the company down, now he will be back to take the company out of C11 with a buyout of the assets, pay off Summit and carry on the drilling and monitising the assets all DEBT free.
When the company agreed the ludicrous financing, with interest repayments on a mom basis of $200,000 is was never sustainable - who is the blame for this ART
Kravitz made it clear that the company could not pay its debt, Summit doesn't want the asset so the only one in the frame is Art.
The company is in dire straits because of AM - no one else, and he is the one to pick up the assets.
TOTAL SCAM, STITCH UP ALL AT THE EXPENSE OF US THE SHAREHOLDERS