560 million shares outstanding - ROLLBACK essentialAVL needs a rollback of 10:1 or greater. Mentioned many times and AVL is not going anywhere financing at the lowest end of their 52 week low with a continual dilution. Plain and simple terrible company objectives. The more the company dilutes without any revenue will create a lower 52 week high going forward e.g., .15 cents and a bigger mess financially.
The best scenario would be the rollback and do a financing at higher price. Perhaps a 100;1 rollback could be the best plan.
The Toronto Stock Exchange needs to bring back similar policies of the 90's and early 2000's of companies were booted off the exchange if traded less than .25 for a certain length of time.
AVL will move forward with the rollback and trade postivelym providing a good business plan. .