GREY:AVNDF - Post by User
Post by
Art365on Dec 27, 2012 1:09pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
466 Views
Post# 20774708
Conference Call
Conference Call In the Conference Call, it was stated that Avenex would be debt free, actually with some cash surplus, following the sale of Elbow River. This sale was described as opportunistic (in the context of Avenex) taking advantage of recent strenght. It was also mentioned that the payment of a high dividend by the new merged entity was Avenex management's essential condition for the approval of the deal.