Assume they will announce tomorrow to ASX given they plan to allot Friday. Will be interesting. Given they now have 5 Directors if its a small amount raised then future looks bleak. Maybe they will collectively draw no Directors fees for next 12 months, because that and operational costs will potentially put AVX in a worse position. I do think however that the long term existing Directors did their best exploring options trying to bring a proven product to FDA approval and ultimately market. Shame that about 8 years ago, no pharma deal was executed, and who knows what may have been. I would hope after following and holding AVX for many years that we may get a final comment from 'Worthind'. His vigour for AVX was perhaps one of the most passionate I have seen on any Hotcopper thread. I don't post much but I do follow comments across numerous. Maybe AVX will turn around. We will see
AVX Price at posting:
3.9¢ Sentiment: None Disclosure: Held