WOW what a bombshell as Mick Moloy would say!
Gee and only a few months ago they were asking shareholders to part with more money.
I can only feel for those who bought into recent rights issues, fortunately I wasn't one of them.
Guess I can kiss my AVX shares goodbye now after first buying in for about $1!
I love it how Mr Chick can just walk away from all this.
Unbelievable.