The big issue for AVZ as far as I can see is how to raise cash.
a $42m decrease in cash in one year, with $12m going to employees and suppliers? This is a disaster. The company will not be able to finance at levels anywhere near it was suspended at, and management seem to think they can pay themselves as if this was a going concern. At this burn rate they will run out of cash by December; then what?
expect a private equity situation and massive dilution of existing shareholders. The current BOD clearly are clueless.
here is the damage done:
and here is the problem in black and white:
what do the supporters here think will happen within six months when it runs out of cash?
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