Has anyone shot TK an email yet? Since I wouldn't mind clarification on what exactly our relationship with avanti med is, so if no one has I'll send one.
If you look on their website it looks more like they're an investment fund that also offers consultation services around hardware device development. They mention their last round (Fund: AvantiGP3 - Now Investing, March 30 2019: Subscriptions Closed, Capital raised: £183m GBP) and from this fund they've invested into two companies so far "Lemur Italy" (a textiles company) and RAP (AvantiGP3, Investment 2: ResApp Health Ltd, Tech company developing unique algorithms for respiratory disease diagnosis). So is avanti just acting as our facilitator with OSI (which is what the announcement implies), or is there some funding or other finance agreement we have with them (which is what Avanti's website implies)?
As some have pointed out the domain and company were created very recently around the announcement, this seems to also be the case for some of the director's previous companies too. This might be done for legal reasons to protect whatever the parent company is. But it doesn't look like this line of work is new for him, so I don't believe there's anything necessarily shady going on here but it certainly makes things confusing.
Directly linked to him are these two companies:
Avanti Med Ltd
https://suite.endole.co.uk/insight/company/11904829-avanti-med-ltd Incorporated: 26 March 2019 (3 Months Ago)
People: Mr Aaron John D'Este
Classification:• Other manufacturing n.e.c. (32990)
• Specialised design activities (74100)
Avanti Advisors Ltd
https://suite.endole.co.uk/insight/company/09224433-avanti-advisors-ltd
Incorporated: 18 September 2014 (4 Years 9 Months Ago)
People: Mr Aaron John D'Este & Mrs Yasmin D'Este
Classification:
• Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c. (74909)
Avanti Advisors Ltd has been mentioned into a previous ASX listed company RRS: https://hotcopper.com.au/threads/ann-half-yearly-report-31-december-2014.2476646/
Avanti Advisors (Consultant)
Range has received notification from Avanti Advisors Ltd (Avanti) of a potential claim for payment under the terms of a commissionagreement purportedly entered into dated 24 October 2014 between Range and Avanti (“the Commission Agreement”). Thispotential claim relates to a commission payment of up to 6% of the amount of the Core Capital investment (approximately US$3.6million) which would be due (if payable) after the investment was completed. Range is currently reviewing in conjunction with itslegal advisers the validity of this Commission Agreement and should any formal claim for payment ultimately be received this will besimilarly reviewed. Given no formal claim has yet been received, Range is unable to quantify any financial impact of a successfulclaim against the Company however, it is not anticipated that it will have a material impact on Range.
Some other companies linked also to a Aaron John D'este, with the same DOB too, so quite likely same person:
Haartsen & Deste Ltd
https://suite.endole.co.uk/insight/company/08074302-haartsen-deste-ltd Incorporated: 18 May 2012 (7 Years 2 Months Ago)
Dissolution: 26 December 2014 (4 Years 6 Months Ago)
People: Mr Aaron John D'Este, Mr Matthijs Willem Haartsen & Ms Qi Chen
Classification:• Management consultancy activities (other than financial management) (70229)
Glopetrol Ltd
https://suite.endole.co.uk/insight/company/08070743-glopetrol-ltd Incorporated: 16 May 2012 (7 Years 2 Months Ago)
Dissolution: 19 November 2013 (5 Years 7 Months Ago)
People: Mr Aaron John D'Este & Mr Matthijs Willem Haartsen
Deste Limited
https://suite.endole.co.uk/insight/company/06663866-deste-limited Incorporated: 4 August 2008 (10 Years 11 Months Ago)
Dissolution: 11 December 2012 (6 Years 7 Months Ago)
People: Mr Aaron John D'Este
Classification:• Management consultancy activities (other than financial management) (70229)
Fluormin Limited
http://www.checkcompany.co.uk/company/05146673/FLUORMIN-LIMITEDClassification: 08990 - Other mining and quarrying n.e.c.
AARON JOHN D'ESTE Nov 1974 British Director 2013-05-17 UNTIL 2013-11-15 RESIGNED
And possibly as ex-CEO of Vanoil, however I couldn't find much on that CEO so unsure if it's just two people with similar names or if it is also him. Seeing as Vanoil acquired Fluormin Limited (
https://finance.yahoo.com/news/vanoil-acquires-fluormin-plc-211627260.html?guccounter=1), I'd assume it is the same person.
So looking over that they've definitely done a lot of consulting work in management and finance, and more recently the technical side too. So I'm sure they're adequate as far as facilitating a relationship with OSI Electronics. However I've still yet to find anything else on the mention of investment.
Also to any of the users sharing links to more personal information about him, the mods may consider that doxxing, so be careful what you decide to post. But anything that isn't really related to the business or their professional credentials isn't really going to be that useful for us anyway.
