IMO I can see no way possible that the ASX can or will allow AVQ to come out of the trading halt.
Further I can not see the regulators allowing the cap raising to continue in light of AVQ’s current debtor levels which have to be mounting (no pun intended)
Also with AVQ’s projected monthly expenditure levels as detailed in AVQ’s last monthly financials, balanced against the then cash in bank balance of $212k then AVQ has to be out of any & all cash reserves.
Had AVQ ceased all work on the ground in SI (due to lack of funds) then AVQ has a statutory obligation to INFORM shareholders immediately. That advice has not been forthcoming so shareholders can or must assume that creditor debts are amassing at an alarming rate imo.
In summary imo, the regulators would be hard pressed to allow AVQ to accept further investor funds in a cap raising under these potentially insolvent circumstances.
To do so would appear to be negligent of their regulatory roles imv.
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