daytrades feb 16 afternoon, page-169

  1. RWEmerson
    2,505 Posts.
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    16/02/11
    15:42
    Post #: 7901517
    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...
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