Before reading the threads in here I have also completed my analysis on the AYN situation. I concur with you assessment at present and feel that as history goes they will have to do a rights issue in due course.
Non dilutionary loans through a director is a great sign that shareholders interest are at heart and shows a solid belief in the future operations.
"repayable on or before 1 July 2013 or from receipt of equity funds greater than $2m whichever is earlier. At the end of the Quarter an amount of $500,000 remained undrawn."
A decent raising of a $4m is in order to expand all these projects, payout debt/loans and have cash to see them through a rainy day (no pun intended)
Will keep an eye in this one as it has a great upside but is strangled by cash ATM.
AYN Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
