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Advent Convertible and Income Fund T.AVK


Primary Symbol: AVK

Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.


NYSE:AVK - Post by User

Advent Convertible and Income Fund > Avnel Gold Mining Limited's current capital structure
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Comment by gold_diggers1on Aug 28, 2016 10:24am
118 Views
Post# 25184485

RE:RE:Avnel Gold Mining Limited's current capital structure

RE:RE:Avnel Gold Mining Limited's current capital structure
marketsense wrote: So what's your point?  Other than the brokers warrants,  90% of the outstanding warrants are 
controlled by Elliot and the other 10% by one individual.  If your point is dilution,  its's not a
factor because of the overwelming ownership position.  This has been covered quite well in
previous posts.  In essence this is their motivation, not a disincentive to proceed with their 
plans.

stockmaster raised the same point as I had raised about the number of warrants (100MM of them of which 66MM can be exercised between $0.20 - $02.5)....which could be one of the reasons stalling the rise of AVK while other gold equities have moved 3 or 4 times from their lows.
.
Management should have accelerated the exercise of the warrants to force holders to convert them to shares and get some needed cash.... Others speculated that AVK was in take-over talk... hence management could not accelerate.... But I think it was because these warrants are owned by lots of insiders/management.... hence no need to hurry/accelerate....
.
Also, without financings announcement, AVK will be stuck here..... Will it fall back to low $0.20s, who knows?........ Hope it will not be another ORE story (which is "what a disaster story")....
.
GLTA

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