RE:RE:Financial recap Hi there Stonks. I would say the majority of that working capital will go towards supporting the day to day operations for Logixx Security. My guess, given that they contribute more revenue, would be that most of the companies accounts receivables belong to them and would not flow to current Avante shareholders. The net book value for Avante Security is around $4m. We need to know how much will be left for Avante shareholders after the deal closes.
Also, by residual working capital, I'm referring to any excess money not required to run the day to day operations.
As of Dec 31, Logixx Security has recorded $ 19,566,786 in total assets and Avante Security recorded assets of
$ 9,228,111.