its definitely a good thing that the are escrowed so there is no chance of them dumping out in the short term.
I don't really see that they are gambling with the $5 million though. They already advanced it in November last year. its not a fresh $5 million. They just needed to make a decision whether they either keep their security in place and increase their advance to $15 million as per the original agreement OR renegotiate and take the shares as repayment and release themselves from further financing.
They seem to have decided on the second course of action.
- Forums
- ASX - By Stock
- AVQ
- Ann: New strategic shareholder
Ann: New strategic shareholder, page-65
Featured News
Add AVQ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online