What kills me is the ASX release, how they justify their CR, and how they explain what they are going to do with it.
Really, they ask for shareholders to follow them, one more time, and buy more stocks. But the least they could do is giving us a good explanation of what is going on. Especially, after telling us they won't need any more cash for a while.
Just amazing. "Strengthening the company's BS and providing working capital" - pure BS !!!
Have a look at the similar one ACL did a few weeks ago - was supported by a clear explanation of what they would do with the capital raised, supported by products being launched earlier, and resulting in a credible roi.
AVX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
