this has been too much of a heartattack-rollercoaster stock for me. i'm out. i held avq from 5 cents to 7 cents, then to 0.6 cents and to 3c. then watched it drop to 1 and now approx 2. buying and selling, jumped out even. what a wild ride.
my opinion on the issues, after watching avq for 2 years:
- case is uncertain, but the rewards are right there. certainly many good things will come if the company wins.
- i was hoping for settlement with smm by now? court is the last resort. a jv was a quicker option.
- drake owns 20% of the company, but remember that this is not a "big" investment for most fundies. dont just follow their money. follow your money. the risk reward profile is high, but it is your decision in the end.
- the huge increases in shares on issue have always troubled me. more time spent = scrip issued = less benefit to each long term shareholder.
- ryans forced share sale has not worried me. he has plenty to gain from rights/options if successful.
good luck to hot_investor, bga, invest4it etc. always informative. coming to the crunch. i know of some with $x,000,000 in this, so sincerely hope they pull it off!
GOOD LUCK!
AVQ Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
