A company does not pay out a dividend unless they are confident about the future. You think the directors that have huge holdings care about earning $30k on a dividend or making another $3m on their capital? They have enough funds to do both. This is not even up for debate - we can see they have $13m (from memory. sorry not checking exactly) sitting in their accounts with a runway of business coming in. They kept investing in staff and technology after the first dividend and we will see the results of that in a year. There is nothing to suggest they won't continue this approach. They are just as desperate as shareholders to fill the Indian deal with something new or they risk losing millions on their holdings.
Also, unless you have some inside information it impossible to know how that Indian deal got across the line. It may have been Scott it may have had nothing to do with Scott. It could be the result of some legend 7 years ago that is getting no credit
In an industry like this with enormous testing, compliance, regulation it is most likely the work of people 2 - 4 years ago and the vision of people even longer ago that are leading to the results now. Hopefully Scott has done some great work for future years
the price is dropping because it went from $0.08 to $0.77 in a few months & it's a brave person not to take some profit at those levels. I have been in it for years and will stay in it long term and sold a lot to take profit. I also bought back a lot as it dropped.
AVA Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
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