RE: Last Chance Saloon18 Sep 2019 16:02
The reason AVN has not been bought is because its not for sale and never has been, the period where it stated it was for sale it was not this was a stock market requirement due to funding and cash flow issues. The very fundamentals of the AIM market is to raise capital for start ups, most will fail, AVN got a world class network and some debt, the PI's got shafted, They have raised all of the cash they need so no more need to be listed, It really is that simple, and according to the RNS they have a different valuation of the company compared to the AIM market. Had they have focused on filling H1 & 2 before expanding it could have been different, however price in MHZ was probably too high and throw in some economical turmoil such as the EU crash at that time the old BOD probably realized this. A kick in the teeth for PI's, I suspect all of the negativity surrounding the company has pushed the new BOD into this decision or was at least a factor. I am employed by a world wide prime contractor associated with AVN so to be honest its been quite laughable reading some of our 'Industry experts' who post here who are in reality utterly clueless about AVN, It's well known AVN's future will be decided over the pond, that could be takeover (Viasat) or important military/government contracts, they tried to conquer the residential market it didn't work and now they target operators. I've lost a small fortune on AIM stocks including Avanti but I hold no grudge and wish the company success going forward. I won't miss some posters here such as Southstreet who was proved wrong yet again, no fat lady the company survives, that weird bloke Matt (filtered), and HITS...well I guess I will have to put up with him a bit longer as he posts on an oil share which i'm invested in. Sorry for The LTH's here who lost and good luck for the future.