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Avante Corp V.XX

Alternate Symbol(s):  ALXXF

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 monitoring to services, such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its signature offerings are its Rapid Alarm Response services, and its Intelligent Perimeter Protection Video Analytics. It also provides Closed Circuit Television (CCTV), access control and security services for traveling executives.


TSXV:XX - Post by User

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Post by mb3015298on Jan 16, 2022 10:56am
224 Views
Post# 34321569

Big shots

Big shotsThese guys are big shots, they love to play the businessman game. They spent $786,000 on reorganization costs in the 6 months ended September,2021. The same period the year before they wasted $316,000. Look at note 21. All the while note 7 tells us they have over $3,000,000 in receivables over 90 days, that is incompetence and indicates a sloppy attitude towards the real work of running a business. They have lost $14,000,000 so far! This place needs new management but it is probably too late.
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