AVX 0.00% 2.5¢ avexa limited

Ann: Preliminary Final Report , page-5

  1. 198 Posts.
    This annoucement is the cause for the falling in sp and the supports broken early this week. Cash is bleeding crazily. To be survived, it needs more cash, either to JV or SPP. Either way, its share price is diluted. So, the near future consequence of spening too much cash is either its share being diluted or it run out of cash and go into administration. Either way, it is not good for sp in short to medium term. As a result, everyone run.
 
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