Ann: Trading Halt, page-22

So with $14.5m from FullBeauty for Avenue and $27.5m from capital raise that’s a $37m cash injection to a company valued by current market cap at $68.5m?

Orphic your AFR story says …”internal documents viewed by the Financial Review show that much of the $27.5 million being raised by the company will be used to repay its lender, National Australia Bank.
Another $13 million will be set aside as working capital”

From the last half yearly : https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5g67zBb1v/R657FiGug=



And note 18:


I don’t follow closely but I have owned some ‘opportunistic’ shares since CCX big price crash (and traded them a bit) so my opinion is an essentially naive view based on relatively short term experience.
- From this space it seems like the company has been completely pared down in a fairly methodical manner since Blundy stepped in and that - if he not bought in to CCX , it might no longer exist.

As far as people expecting cheap fashion if that’s what they have had a taste of goes - well it worked for Cettire?

Can anyone who knows this company please tell me what’s left after Avenue is gone?

cheers