Majority or raises to date have been in favour of the participants. Who have been SI & Institutional investors.
They get their shares at a discount, sell to the Mum and dads, repeat. ( keeping the free options as a free punt )
In relation to the con notes. It's a fool proof investment.
If you understand the finance world, it's not remarkable at all that AVQ have raised the cash.
What is remarkable is that the one time RM goes to shareholders for cash, is that they get treated with this rubbish prospectus. That too me is remarkable.
Maybe it was designed to fail......
AVQ Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held