AVG - Australian Vintage

[peter2]

Not only "no dividends for a while", the latest capital raise was done at a huge discount!
Closed at 0.31 did the raise at 0.20. Whoosh, there goes another 50%.

Mgt needs this $15M to progress their strategic plans. What have they been doing for the last three years as the share price has fallen 60%?

There so many "dogs" on the ASX that don't deserve the privilege of raising money so easily.

 

[Knobby22]

Not only "no dividends for a while", the latest capital raise was done at a huge discount!
Closed at 0.31 did the raise at 0.20. Whoosh, there goes another 50%.

Mgt needs this $15M to progress their strategic plans. What have they been doing for the last three years as the share price has fallen 60%?

There so many "dogs" on the ASX that don't deserve the privilege of raising money so easily.

I see they are 12% owned by the Chinese, maybe more after this raising. Might help re-entering their market.

Also they raised money the previous year also.

Surviving in a tough market.