Avante Corp V.XX

New Investor in Avante Logixx

[gwimmer]

FAX Capital (FXC:TSX) disclosures $3.5 million investment in Avante Logixx: 

• Deployed $6.8 million of capital during the quarter into three investments: $3.5 million into Avante Logixx Inc. (TSXV: XX), $1.3 million into Hamilton Thorne Ltd. (TSXV: HTL) and $2.0 million into an undisclosed Canadian public company which the company is in the process of accumulating.
• Subsequent to the company's investment, Avante announced that its board of directors will oversee a strategic review process to consider and evaluate various strategic alternatives available to the company in the pursuit of maximizing shareholder value.

[AnitaGet]

"Subsequent to the company's investment, Avante announced that its board of directors will oversee a strategic review process to consider and evaluate various strategic alternatives available to the company in the pursuit of maximizing shareholder value." CEO Campbell is always seeking aquisitions, it's part of his growth strategy. This statement reads differently than seeking

[hevin]

Anita, to me it's perfectly ambiguous, so little can be gleaned from it either way. What I do like however is that they want to maximize shareholder value.

[Windsor1]

Ambiguity is refuge from reality,breality can't be spoken because it is grim, XX is in trouble.

[hevin]

Sure Chicken Little .. is the sky falling? No. Did they have a bit of a tough quarter because of covid like nearly all companies are having? Yes. Did they increase contract rev? Yes. Are they trying to maximize shareholder value? Yes. Sounds fine to me. And you sound like a short to me

[Windsor1]

Covid is a massive boost for guard companies, extra coverage at higher rates. If you can't make money during covid you can't make money.  This company is in trouble, that's why they are looking for a buyer.

[Windsor1]

Avante is for sale, you read it right