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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

GREY:AVNDF - Post Discussion

AvenEx Energy Corp > Still not buying it
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Post by Kingscourt on Mar 20, 2013 1:17am

Still not buying it

So Pace contacted over 140 companies and no one wanted them. Ouch. I'm even less convinced this is a good fit for AVF. I see they have put a debt repayment plan in the works. That's a step in the right direction, but with $293m in debt (up from the previous $260m) and $1m a month allocated to debt repayment, it will take 24.4 years to pay it off and that's if they dont borrow another cent!!
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