AVR 0.53% $18.60 anteris technologies ltd

"Toot Toot"

  1. 3,572 Posts.
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    It's hard to look away as this increasingly complex situation becomes either a calamitous train wreck or s/holders are untied and rescued from the rail tracks at the very last second.
    At a SP of $3.40 AVR has a market cap of just $20m. If this were a new float in ordinary times it might be worth $15. But here we are with about 4-6 months cash left and either signing a deal of a lifetime or the ignominy of another humiliating cap raising.
    If it's a deal, perhaps the shares go past $30. If it's a cap raise...a 1:1 at $2 raises $12m and buys the company another 12 months.
    Optimists will say 'in WP we trust', pessimists will say we've had years of toot-toots and promises.
    Meanwhile SB are selling down, the SP is melting like snow, and the company probably only has 2 months before it needs to attempt a 'last second' cap raise in very uncertain times.
    Sickening and enthralling in equal measure.
 
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