daytrades feb 16 afternoon, page-169

  1. 2,505 Posts.
    lightbulb Created with Sketch. 36
    AVX:

    "Brilliant investment by the AVX Board..."

    on 11.11.10 the Avexa board invested $1.5M in Allied Medical and the Coridon vaccine work of Prof Frazer and in return received 24% of Allied shares...

    Yesterday BioMD (BOD) and Allied have agreed to merge/reverse take over with BioMD issuing Allied 430M shares @ 6c.

    24% of 430M shares is about 100M shares that AVX now owns in the merged entity.

    AVXs investment in Allied has increased from $1.5M to $6M on paper in 3 months...
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.