Do you ever look at the upside of this? Or do you continue your...

First 67 Last

Share
Profile

Follow
stevo 111

4,956 Posts.

3076

20/04/24

15:24

Post #: 73438547
Share

Originally posted by morningsuits5 ↑

Thanks, Rattlerock. Your open mind gives me a sliver of hope that other AVZ shareholders will also start asking if the narrative offered by Nigel Ferguson is true.

AVZ shareholders need only consider four or five questions, which led me to come to the conclusion that Nigel has his own self-serving agenda, which is diametrically opposed to the interests of AVZ Shareholders.

If AVZ have an ICSID claim that has a high probability of success why has Locke not signed a funding agreement yet?

If AVZ really has the potential for a significant financial windfall, why is the company months away being insolvent with no viable financiers in sight?

[some shareholders will refute the suggestion insolvency is imminent but the numbers dont lie. AVZ's recent Half Year Report revealed that AVZ spent around $6m on legal fees and litigation related expenses in the second half of last year. AVZ are currently involved in more legal disputes now than at the start of the second half of last year. On the 31st of December, AVZ had just $6.2 million in cash less. Assuming the same burn rate as the recent HY, AVZ will be insolvent before the 30th June]

Is it a coincidence that the MOU never eventuated, and that Locke funding is just a few diligence questions away, and that these excuses have allowed Nigel to stay at the helm and steer the company toward being delisted, at which point Nigel need never answer these questions?

Expand

Do you ever look at the upside of this? Or do you continue your course of repeated squadrons of information disinformation.

Warts are generally burned off without any medication, you are a big one so some might be required.

Hopefully help is on the way for you.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply