I am on HC's good behaviour program too. This follows on from when I became too colourful in my description of a compulsive AVQ protagonist.
Those days have changed and from being an avid but blind supporter of AVQ, the weight of evidence now tells me a different story.
It gives me no joy that these issues exist and I wish holders the best -some I know personally, but the issues raised are serious IMHO and the company should be communicating transparent information to the market -not having the public make these discoveries and seek answers.
The questions include:
- The convertible notes apparently being discounted causing further dilution to shareholders ...are they the reason that the SP tanked from 18c to 12.5c?
- The 17.5 Mil debt on the Axiom KB books. This is a serious amount and needs to be justified. As I understand it, any profit earned by Axiom KB may be used to pay out this debt before any profit is paid to AVQ or the landholders. This is relevant to those considering AVQ as an investment as well as holders IMHO.
- The circumstances behind the 1 share plus 4 free options should also be considered.
- The wisdom of RM investing his AVQ wage in an unrelated entity is also questionable IMHO.
It's pointless complaining that the questions have been raised.
Shareholders should demand answers from the company.
If Isabel gets awarded then the SP will be 50-65c IMHO, but there are headwinds until that happens (assuming it does).
Cheers,
SJB
AVQ Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
