Avnet Inc V.AVT

Primary Symbol: AVT

Technology

Avnet, Inc. is a global electronic component technology distributor and solutions provider. It markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, through an e-commerce channel. It also distributes new product introductions.

NDAQ:AVT - Post by User

Avnet Inc > Financing @ 8 %

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Comment by jphon Oct 31, 2013 1:22pm

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Post# 21865792

RE:RE:RE:RE:Financing @ 8 %

Hi - the below shows that they are concluding the agreement. Plus the factthat the news release says they will be placing the orders for long delivery equipment.

I think we will see another news release talking about a 10 to one roll back - but they will work hard to get the price up to 10 cents first.

"The new financing is intended to provide Avanti with sufficient working capital to conclude the arrangements for debt, strategic partner and equity financings to fully fund the Kitsault development. It demonstrates the Company's and RCF's positive long term view on the molybdenum market and the robust economics of the Kitsault project." said A J Ali, Chief Financial Officer.

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