RE:RE:Balance sheet concerns (maybe)A raise is industry jargon for raising additional capital for a company and ultimately increasing the amount of stock a company has out. A raise in stock value is great but a raise of capital (if done at depressed prices) can be dillutive and a negative.
If you use your precious capital on expenditures outside of the core operating business (which are optional and at your full discretion) and have to raise additional capital at depressed prices (which is dillutive) to take advantage of opportunities or just strengthen your balance sheet -that is not good business. I believe management and the board of high growth companies should not be using capital to buy back shares and buildings. I am surprised by AVO's team approving such actions.
If an opportunity came up today to acquire a super company in the space that would add great value, AVO may not have the cash and therefore working capital to properly fund operations and take advantage of a buying opportunity. Just doesn't make sense to me - not at our current valuation.