AVE 25.0% 0.3¢ avecho biotechnology limited

They don't have a buyer, if they did they would've done the deal...

  1. 3,849 Posts.
    They don't have a buyer, if they did they would've done the deal and announced it, it isn't like they haven't had time on their hands is it? What else has the company done over the last 15 years?

    In all that time apparently not one decent revenue stream, in fact not ONE revenue stream at ALL... bar elixia, and not a shekel of profit from that either, are they really trying to sell the only thing that supposedly ever worked, the ONLY thing that THEY ever got to market?

    Big issue here is that if anyone, any ONE decent shareholder decides the game is up... the SP will be decimated and they'll never be able to raise sufficient funds again to take the long suffering shareholders for another spin on the money-go-round that appears to have only sustained the execs over the life of this co.

    IMO now little likelihood anyone will recover their funds and not likely they could even get out now.

    Clearly the market's not at all interested in this company, the science, nor any further raising, or lard for the pantry, credibility's way too damaged now. Must now feel like all shareholders are in jail.

    6 years into the second longest bull market in history and the SP is where? 7c? Oz market at 7 year highs and not one buyer? what happens when the wheels fall off this market and we get the 30-40% correction coming, y'know the one that always wipes out the minnows much much faster then the banks & BHP?

    15 years and not ONE revenue stream, clearly if animal health was any better than elixia it'd show in the accounts by now. It doesn't.

    For all the talk, 15 years of hype, NO revenue and not one Profit, ever, if you strip out the cash the company is slowly bleeding away, the market is ascribing something like $50m to the whole box and dice ie. all the assets, goodwill AND the so called $billion science.

    Oh the science... lol

    Anyone want to hazard a guess just why Esra was hired... and exactly what that had to do with management's relationship with the broker/insto community? How's that "credibility" now?

    Hope they bought an apartment in NY all those years ago, might be all that's left for the shareholders to scrap over when the well runs dry for the last time. Still must've been nice while it lasted.

    my opinion only
 
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