Spec companies have to raise money and the capital rich will...

Spec companies have to raise money and the capital rich will generally take their short term gains. It's a fact of life.
The underwriter has barely 3% of the shares on issue and we have seen some 100M share turnover days in the past.
AVL is undervalued and would not look out of place with a 100-150M market capitalisation or 5-7c in my opinion.
Liquidity is high and the news and story forward carries little downside, and much hope and optimism.
It's a safe play at least for an easy double from here to hit fair value in my humble opinion.
The rest of the upside will be up to managements marketing and deal making ability.
Vince meeting up with WinWin regularly would certainly embolden the market in my opinion as well.