AVX 0.00% 2.5¢ avexa limited

Ann: Placement and Share Purchase Plan , page-43

  1. 45 Posts.
    Cortina Boy

    Are you able to expand anymore on what you are hearing. I am certainly in agreement that they didn't need the money at this time and if they did it would have been well in excess of $3M on offer to us plebs. This comes on top of statements at the AGM that cash burn is reduced at cash was not an issue. I can only draw the conclusion that the $8M to instos is a critical instigator on this. Even more so with no further details as yet being released. $1.50 SPP pays of the house boys so bring it home.

    Good luck to all
 
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