TD1 - TALI Digital

[jonnycage]

Re: AVX - Avexa Limited

i dont reckon avx is dead in the water without pgl. would be very surprised
if the merger doesnt take place. very happy to hang on to avx as they are

 

[jonnycage]

Re: AVX - Avexa Limited

and now its trading halt time for avx and pgl, thoughts team ?
hoping for some joy. though these days who can tell

jonny

 

[Goldmann]

Re: AVX - Avexa Limited

its related to the federal court process that the knobholders of CYT have requested in attempt to scuttle the merger...

hopefully they will crawl back under the rock from which they came...

 

[jonnycage]

Re: AVX - Avexa Limited

ahhh thats good then, i thought that might be the case,
what a pain cyt are. cant a man just make a little coin ? lol
jonny

 

[Goldmann]

Re: AVX - Avexa Limited

well well well... AVX PGL merger scuttled. initial proxy votes to the merger from PGL side was a resounding 84% against. apparently CYT trouble makers only got 15% of the vote.

sure am glad i hedged by AVX holding now (sold half on announcement and bought PGL instead (at .85). Hope to get out of it at the buy back price now.

 

[Purple XS2]

Re: AVX - Avexa Limited

well well well... AVX PGL merger scuttled......

Hmmmm, very interesting, as that character from Rowan & Martin's "Laugh-in" would say.

sure am glad i hedged by(sic - meant "my"?) AVX holding now (sold half on announcement and bought PGL instead (at .85). Hope to get out of it at the buy back price now.

Yes Mr. G. That was what the smart money in AVX would have done. I've had similar thoughts, but decided to hang on grimly to the end. Put me in the dumb-money column.

Curiously, AVX shares didn't immediately tank on the news, down to 0.069 from 0.073. Under the circumstances, that passes for good news (so far).

Still holding. Looking forward to the Fat Lady to do her thing. A Capital Raising song on tonight's repertoire, methinks.

 

[jonnycage]

Re: AVX - Avexa Limited

im firmly in that what tha holding column to! riding this little baby
to the end. whenever that may be : )

jonny

 

[Goldmann]

Re: AVX - Avexa Limited

yeah still kept half my AVX though.. so by no means a genius. the smart money got out of AVX at .60+. I find hard to let go of this one that was going to make me rich! amazing lesson in greed - buying in at avg .20 and not selling when it hit $1 in intra day trade a few Aprils ago! oh well...

first stock i owned, so i feel i owe it to the management to go down with the ship (if it is indeed the end!)

a few more chances left, as i see it:

- 96 week Phase II b study results to be released within a week! We need this to give some real value inflection - but not sure who would buy even on great news!

- AVX had a cash balance of 20million at end of 2008. Cash burn rates were about 3.3 million a month give or take a few bucks.

- Initial Phase III results due Q2 09...

Q: do they have enough cash to hit this milestone - then the arrogance to go to the market one more time to ask for more dollars?

Is their a white night around the corner with a cure to our fatal problem, or will they just wait for AVX to die then pick the carcass of ATC like a vulture in the aids ridden countries of central africa!

Suprised teh merger didnt go through, but if you look at the PGL charts - their holders appear to have lost all faith in managment (and you cant blame them not opting for a risky merge Vs direct capital return through a share buy back!)

AVX on life support my friends!

 

[Go Nuke]

Re: AVX - Avexa Limited

Ah goldmann at least you weren't like me and bought at $1

Guess I can thank my lucky stars I only bought 1000 shares. But I cant even sell them online with Commsec because its a minimum $500 trade..lol.

I think if it weren't for the global meltdown AVX would have outperformed!

I'm in till the end also.

 

[jonnycage]

Re: AVX - Avexa Limited

week 96 results in people and looking good : )
AVX closes at 10.5 cents, higher then when the Pgl merger was on,
where to now you think ?

JC

 

[psychic]

Re: AVX - Avexa Limited

Seems to have retraced over the past couple of days, I am back in at 9.7 cents, happy with my entry point into a potential global HIV drug, a company maker.

 

[jonnycage]

Re: AVX - Avexa Limited

sold out of a good chunk between the 11 and 12 cent mark. kept half
and will see where the next wave takes us, if anywhere lol

jc

 

[bumclouds]

Re: AVX - Avexa Limited

I'm thinking about buying this stock right now.

Price is at 0.088. What do you guys think?

 

[Purple XS2]

Re: AVX - Avexa Limited

I'm thinking about buying this stock right now.

Price is at 0.088. What do you guys think?

0.088 Seems like a decent entry. Keep your eye on the tradable rights AVXR, currently 0.02, with the fixed right-of-purchase of 0.07.

In other words don't pay more than AVXR + 0.07. Also consider than as the holder of any rights, you're able to ask for more than face-value quantum, which you may get if not all rights are taken up.

So at current prices as an example, if Mr. Market buys 1,000 AVX at 0.088, 4,000 AVXR at 0.02. Come rights D-day, he asks for his 4,000 at 0.07, and in addition applies for another 5,000 (attainable if available) also at 0.07. He might end up with 10,000 AVX, with the end result of 10,000 AVX for $798.00 outlay: average 0.0798.

The last rights issue was a couple of years ago in much sunnier times than now. Holding some 5,000 rights, I asked for and was issued 10,000 new shares.

I plan to ask for double quantum again this time. The wrinkles in my tea-bag reassure me that I'll be issued what I ask for.

Mind you, those wrinkles have a lot to answer for: they used to say that AVX under 0.100 would only happen if Apricitabine(ATC) failed, and here we are sub 0.100 with ATC going very nicely.

Reading wrinkles in tea bags is how it works, isn't it?

 

[bumclouds]

Re: AVX - Avexa Limited

Purple XS2 thanks for the info .

I'm a deadset beginner though, and the whole rights thing is something I know nothing about.

Can you refer me to some site that I can read and learn about what these are and how they work?

 

[Purple XS2]

Re: AVX - Avexa Limited

I'm a deadset beginner though, and the whole rights thing is something I know nothing about.

Can you refer me to some site that I can read and learn about what these are and how they work?

I suggest you give Avexa a ring and ask them for such description as answers your queries.

In brief, a 'right' is like an option, in this case AVXR is tradable meaning you can buy or sell AVXR rights on the open market. The main difference viz options is that rights are set at an attractive discount price relative the current share price to encourage substantial take-up, and rights therefore typically have a short life span. AVXR D-day is 27th April, meaning the registry must receive all offers to purchase by that date (in other words. allow 3 days for postage after your AVXR rights appear in your stock holdings, which means that any aspiring rights purchaser would want to buy on market before April 20th. Only if you live within leg-it distance of the share registry - ComputerShare, Melbourne - would it make any sense in cutting it finer).

The advantage of buying rights (compared to buying AVX on market) is that you are only committed to the extent of the price you paid to get those rights, and you are under no obligation to complete the process of applying for share issue for the additional cost of 0.07 for AVX shares. In the event the AVX share price drops below 0.07 for example, you could abandon (or try to sell) the rights and just buy AVX on the open market.

On the other hand, if there is little or no difference between cost(AVXR) + cost(AVX), then the consequence of favouring the course of buying AVXR (on market) then a little later buying new shares from Avexa is that most of your purchase $ (0.07) goes directly to Avexa, and boy, do they need it.

The other feature favouring the rights road is as I mentioned in my previous post - you can try your luck at asking for extra new shares at 0.07.

I must stress that I'm a newbie at this with just a couple of years worth of scars. I repeat my suggestion that you contact Avexa, or otherwise seek qualified advice.

 

[Purple XS2]

Re: AVX - Avexa Limited

Just to tidy up my previous post, AVXR rights trading in fact ceases on 20th April, so that's the last date one could buy AVXR, which leaves a week to get applications in to purchase new shares (must be received by share registry 27 April).

 

[Go Nuke]

Re: AVX - Avexa Limited

Im going to let mine lapse as it would cost me more in brokerage to sell them, than what I would recieve.

 

[bumclouds]

Re: AVX - Avexa Limited

I bought some at $0.090 they seem to just be sitting there at the moment.

Do you think they might start moving up again in the next couple of months?

 

[Purple XS2]

Re: AVX - Avexa Limited

....
Do you think they might start moving up again in the next couple of months?

I wouldn't expect much movement until rights issue closes late April, at which point the extent of the take up will reveal the degree of enthusiasm amongst AVX holders.

After that we wait with baited breath for the 1st 16 week results of phase-III, due 2nd quarter 2009.

If those results are good (and they need to be: anything adverse or negative will really put a damper on the show) and if the overall market maintains its current boosterish mood, then Avexa might show some leg.

Needless to say, this remains a high risk play.