ASG - Read this now!17 Oct 2007 00:44
I don't usually post on Avanti chat room but got to find out about ASG In the NRK chat room as a few of us were discussing having a punt on ASG. Have just posted the following on the NRK chat room, so thought I'd better post it her too! See below:
NRK posting-
I can't recall who tipped ASG earlier, but I've just been researching it online and I'm not sure this is a good punt for any folk out there hoping for the fast profit. Please take proper time to read the link which is off the Avanti website for the attention of all Shareholders re' a forthcoming meeting and application to place shares on the AIM later this week.
I may be wrong, but it looks to me like if the resolutions are passed at the EGM, (Extraordinary General Meeting) that Avanti are having, then a bag load of discounted shares will be issued in order to raise more working capital and to reduce/pay off some loans to the likes of Barclays, other lenders & Avanti board members. This might be good for the future of the company, but not for any short term investor.
Anyway, have a look and make your own minds up. I'm out on this one for now, but will look again after all this has settled. Again I may have this wrong - please read
http://www.avanti-screenmedia.com/ProjectAmbrose.pdf