AVZ research report, page-80

I am really puzzled with this Boatman Capital group. I am quite sure they are not just a hedge fund playing shorts because their first report into AVZ, which was highly negative, was produced back in June 2019. The MC of AVZ was only $115m at the time, SP was only 5c and appeared to be in the middle of a rut. What was there to short? The stock only had a lot of upside potential with not much downside, so it couldn't have been a short target.

Having said that, no idea what they are.... Maybe vigilantes?
Good luck to AVZ holders!