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0.3¢ avecho biotechnology limited

Ann: June 2023 Quarterly Activities Report & Appendix 4C, page-22

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FrankieAlfie

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21/08/23

09:57

Post #: 69449478
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Originally posted by kens: ↑

*The current capital raising was supposed to raise approximately $11M and has only raised about $2M [say 20% of the required amount].The $2M raised effectively cost $350K [17.5%].
*The offer was not underwritten by any broker which in my view was also a deterrent for any future investors.
*The constant and regular raises and subsequent shareholder dilution appears to have finally caught up with current AVE management.They should have known that this raise was not likely to be supported especially in view of the amount required.
* The $11M raise is about 70% of the current value of the shares on issue [market cap] and was always going to be a big ask.
*If the shortfall can be placed it will be on unfavourable terms to existing shareholders due to the AVE desperate financial position to carry on the clinical trials.
*A partial financial solution may be to try and sell off some non- CBD assets from the portfolio.
*Horizon 3[McNamara] may assist with some additional funds here but their investment strategy will not allow them to become overweight/cover the shortfall in AVE.

Not wishing to be pessimistic here-simply trying to assess the AVE situation as it now stands.
Kens

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dont think you are being pessimistic. When we are almost two weeks after the short fall due date has expired, things don't look good.

AVE Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $9.508M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$3.607K	1.445M

Buyers (Bids)

No.	Vol.	Price($)
59	102396408	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	21041400	12

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No.	Vol.	Price($)
58	101896408	0.002
16	66672508	0.001
0	0	0.000
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Price($)	Vol.	No.
0.003	19945581	10
0.004	24596407	20
0.005	38966071	19
0.006	19592339	11
0.007	9365221	8

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Ann: June 2023 Quarterly Activities Report & Appendix 4C, page-22

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