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Bullboard - Stock Discussion Forum Avante Logixx Inc V.XX

Alternate Symbol(s):  ALXXF

Avante Logixx Inc engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Logixx security and Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation.

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+10% gain today

I think the bottom might be in, news out soon.  rate and reply
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RE:Loading up the war chest

Multiples coming down.. cash and credit capacity growing.. they could make a sizeable acquisition. I do like the terms - 5% unsecured. Attractive with rates going parabolic. Exiting Logixx may look...read more

Loading up the war chest

$10 million line from Fairfax, with the cash on hand must be looking at buying something big.  rate and reply

New Press Release - Avante Logixx Inc. Announces $10 Million Term Facility With Fairfax

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) today announced that it has agreed to the terms of a $10 million unsecured subordinated term...read article.

New Press Release - AVANTE LOGIXX ANNOUNCES CFO RETIREMENT

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO-Ontario, June 10, 2022 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) announced today that Mr. Stephen Rotz, CPA-CA, CFA, Chief Financial Officer (“CFO...read article.

RE:RE:RE:RE:RE:RE:Trading below Net Cash with no value ascribed remaining biz

  It's very tough to see this unfold when shareholders had an opportunity to get about $1.71 on the deal.   rate and reply

RE:RE:RE:RE:RE:Trading below Net Cash with no value ascribed remaining biz

I was looking for revenue projections also, looks like we might have to wait until the end of July.  rate and reply

RE:RE:RE:RE:Trading below Net Cash with no value ascribed remaining biz

I'm confused at how you can do that with only one of your two metrics supplied in the update. ", the Company will have zero debt and expects to have cash balances of $10 million, which is...read more

RE:RE:RE:Trading below Net Cash with no value ascribed remaining biz

OK sale has been approved and will be completed shortly. Management should give us a balance sheet and sales projection so we can put a proper valuation on the remaining business.  rate and reply

RE:RE:Trading below Net Cash with no value ascribed remaining biz

If this was a U.S. company - three words - CLASS ACTION LAWSUIT.  rate and reply

DATE OF SPECIAL MEETING OF SHAREHOLDERS TSX.V: XX

Not for distribution to U.S. news wire services or for dissemination in the United States TORONTO-Ontario, April 29, 2022 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or...read more

Manny Playing with Fire

I think Manny Mounouchos is playing with fire by granting himself a bunch of options while the stock price is treading water in the $0.80s range (roughly 50% BELOW the value of the SSC offer that HE...read more

Options granted at $0.88

OK directors got there option fill at 0.88, we might have hit the low, expect good news to follow shortly.  rate and reply

RE:RE:Trading below Net Cash with no value ascribed remaining biz

Hey Toronto Jay I know the feeling as I've had the occasional fit of rage about this. That being said however I think Fairfax well knows that they can get more money either through Avante...read more

RE:Trading below Net Cash with no value ascribed remaining biz

It should be clear to everyone that Avante shareholders would have been much better off with the takeover offer. I believe shareholders would have received the equivalent of around $1.71/share. Take a...read more

Trading below Net Cash with no value ascribed remaining biz

Conservative calc of Net cash after transaction closes - $23M - Cash from sale of Avante Logixx ($24M closing price less $750k fee) $2.5M - Remaining Working Capital (MINIMUM - after accounting for W...read more

RE:RE:RE:Craig Campbell salary

Covid was a massive money maker for contract security. Short staffed is a function of poor management but more particularly poor deployment of resources. Avant constantly spent on silly stuff, sexy...read more

RE:RE:RE:Craig Campbell salary

The press release announcing Craigs departure demonstrates he was fired not a single word of thanks. He got kicked out by Manny. Hevin is lost in space.  rate and reply

RE:RE:Craig Campbell salary

There you go again troll, throwing shade not just on me but on Campbell who at the end of the day was paid a lot less than many CEOs. You should check out what Irwin Simon makes at tilRay. Craig...read more

RE:RE:Craig Campbell salary

I thought Hevin was playing a game. With Craig gone I bet these guys do well. I am also going to invest in SSC.  rate and reply