Reminds me off the tactics used to take over AVB an Australian company operating in Brazil
Management seems to have been blindsided by more experienced players,and look to me like they are to arrogant to take advice by more experienced people
The sign of a good leader is to acknowledge when they are out of there depth
The absolute worst capital raise in the history of the ASX (IMHO) is evidence to me that this board has zero idea on business Strategies and tactics
Time for Nigel to fade into the back ground and employ a more experienced CEO,other wise this company and its share price will be driven into the ground and a low ball takeover ,think 8-10c will be gladly accepted by a weary bunch of shareholders in a 18months time
AVZ Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held