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Bullboard - Stock Discussion Forum Avante Corp V.XX

Alternate Symbol(s):  ALXXF

Consumer Cyclical Personal Services
Avante Corp. is a provider of technology-enabled security services. The Company's activities are conducted through its subsidiary, Avante Security Inc, which offers residential and condominium customers in Toronto and Muskoka, Ontario, through the use of technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and... see more

Bullboard (TSXV:XX)

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Comment by Froggy1on Sep 01, 2020 11:18pm

RE:RE:RE:Credit card facility of $350,00. Needed for what purposes?

Yes they finance payroll with bank money and then collect later - 45 days. Big fancy lunches, expensive wine, this is central to their operating thesis. I know well, trust that I know of what I ...more  
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Discussion
Post by Flyer123on Aug 31, 2020 8:45pm

Entertainment - New info from private messages - thanks

The picture is becomng clearer. Many facts are in the disclosures, but those will not help surface info such as high spending on entertainment etc. Thanks for the private messages. If you cannot post ...more  
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Comment by Flyer123on Aug 31, 2020 8:38am

RE:RE:Credit card facility of $350,00. Needed for what purposes?

Do you mean a bank facility is used to pay company expenses like employee wages, but that the credit card facility represents lending limits on credit cards given to management to use to pay for ...more  
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Discussion
Comment by Froggy1on Aug 29, 2020 2:08pm

RE:Credit card facility of $350,00. Needed for what purposes?

I'm not a finance guy but I think the money is to operate the company paying employees well ahead of receiving client payment. The credit card facility yes for Monday and things like buying ...more  
77
Discussion
Post by Flyer123on Aug 28, 2020 6:29am

Credit card facility of $350,00. Needed for what purposes?

Per June 30, 2020 financials Note 13: "On November 23, 2018, the Company and its bankers entered into a new credit agreement to provide senior credit facilities to the Company. Under this ...more  
125
Discussion
Comment by Froggy1on Aug 27, 2020 12:41pm

RE:RE:RE:Conflict of interest re $1m invested in 3 Sixty Secure?

I think you're on to  something, those are very valid questions. I have no inside knowledge.
77
Discussion
Comment by Flyer123on Aug 27, 2020 10:19am

RE:RE:Conflict of interest re $1m invested in 3 Sixty Secure?

No, that is not what I am saying. I am concerned that the Avante CEO had a possible conflict of interest when the decision to have Avante invest $1m into 3 Sixty was approved. The possible conflct is ...more  
111
Discussion
Post by Froggy1on Aug 27, 2020 9:56am

Q1 Loss

$19.5 million in revenue, $875,000 operating loss excluding reorganization costs of $431,000 for a total loss of $1.3 million. how do they find a pathway to profitability? This is a deep recurring ...more  
136
Comment by Froggy1on Aug 27, 2020 9:48am

RE:Conflict of interest re $1m invested in 3 Sixty Secure?

So you think they are syphoning money out of a Avante Logixx, I wouldn't be surprised.
52
Discussion
Post by Flyer123on Aug 27, 2020 8:10am

Conflict of interest re $1m invested in 3 Sixty Secure?

Page 19 of the March 31, 2019 MDA: "On October 1, 2018, the Company entered into a contract with Xpresschek Inc., a private company controlled by a significant shareholder and officer of the ...more  
144
Discussion
Post by Flyer123on Aug 27, 2020 6:38am

Q1 Head office salaries $532k of $2.396m

See Q1 Note 21, Segmented reporting. If annualized, HO salaries are $2.128m. Where is the value/ results for the money spent on HO?
108
Post by Flyer123on Aug 27, 2020 5:59am

Fairfax 2nd tranche $9.736m. "As of filing has...expired"

Q1 Note 17a - "The Company had the ability to issue to the same holders, on or prior to August 27, 2020, a subsequent tranche of up to $9,736,000 principal amount of unsecured convertible ...more  
101
Post by Flyer123on Aug 26, 2020 6:53am

Conflict of interest re $1m invested in 3 Sixty Secure?

Did Xpresschek get any work from 3 Sixty Secure Corp? Avante invested $1m of the $17.5 raised by 3 Sixty. Did Avante know that Xpresschek could potentially benefit too? No evidence it did or did not ...more  
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Comment by Flyer123on Aug 24, 2020 8:46am

RE:RE:RE:RE:$1,003,000 Investment in 3Sixty Secure Corp now worth $47k

Depending on the answers/ facts: "What's Going On". Will rephrase question. If CEO has some type of ownership stake in Xpresschek, would it be appropriate for Xpresschek to have received ...more  
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Discussion
Comment by Froggy1on Aug 24, 2020 7:33am

RE:RE:RE:$1,003,000 Investment in 3Sixty Secure Corp now worth $47k

Grapevine.   Craig Campbell is Resilience boss and bought into avante in 2018. Avante simply bought shares in 360 secure. In exchange for money they got shares. I guess Ithey thought ...more  
94
Discussion
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