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Locke Funding Almost Certainly Dead In The Water If News Article is Correct, page-192

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eztrang

4,139 Posts.

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05/06/24

19:59

Post #: 74182710
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Originally posted by h00ts: ↑

You know as much as I do which has been limited to reading the company announcements.

AVZ shareholders no longer have the safety net of the ASX under the continuous disclosure listing rule . The deadline for Locke to move from D.D to a signed agreement has passed and under the ASX umbrella would have had to provide an update to the market .

So the possible scenarios are !

1 - Locke have completed their D.D and have declined to offer AVZ funding but the company have chosen not to update shareholders at this point in time.

2 - Locke have completed their D.D and offered AVZ a funding deal that makes Wallet Wizard look like the Salvation Army red shield charity appeal.

3 - Locke have asked for yet another extension but AVZ have chosen not to update shareholders at this point in time.

4 - AVZ have signed a funding deal with Locke but have chosen not to update shareholders with the details

5 - AVZ have told Locke we will get back to you if we cant find a better deal- LOL yeah right

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"AVZ shareholders no longer have the safety net of the ASX under the continuous disclosure listing rule"

To be fair, AVZ shareholders didn't have that safety net when the shares were still listed.

Last edited by eztrang: 05/06/24

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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