Avante Corp V.XX

Told ya

[mb3015298]

They have been rescued by the Regina boys. Check out SSC's balance sheet, wowza, $33m in working capital and most in hard cold cash. Avante had to be sold or bankruptcy was coming, the new guys will learn to hate Craig, he thinks the company is his own personal ATM.

[hevin]

Nope. I told ya. They weren't even close to bankrupt. Also, if I were you I'd be careful not to say damaging things that you can't prove. Also inflammatory things. You might want to look up the words slander and/or libel. Have a good day.

[mb3015298]

Oh no not the lawyers! Craig's history at TSM follows him, you watch the Regina boys will figure it out and then he will be out. As for SSC they have real financial muscle so it will be interesting to see them and the yellow point Vancouver boys fight. And there will be lots to fight over because the public float of allied universal will be chaos. 

[knicksman]

Not sure I always agree with you...but you always bring up random facts/fiction that make me wonder where you're getting your info. You think there could be bidding activity on XX? Will be interesting...I doubt Avante's next quarter will be worse than the last.  I do agree Avante's costs were too high...

[Possibleidiot01]

This sounds like a personal issue to my ears. The new company doesn't need redundant layers of management , like two CEOs so of course he'll be out. But he'll also be in the board of directors - "In recognition of the extensive security industry experience and contacts of Craig Campbell, Avante’s CEO, Craig has been invited to join the SSC Board upon closing of the Transaction

[knicksman]

I agree. But, as a shareholder, I never thought the amount in their SG&A made sense. This is a security business...it doesnt need $3m in SG&A per quarter. So...you have to wonder why that was the case for so many years. Anyways...i think it will be run a lot more tightly...

[nkbourbaki]

This excerpt from "Key Benefits" makes me think Craig will continue in an executive/management capacity: Brings together two highly-experienced and complementary management teams who will be able to leverage SSC's large, liquid balance sheet and Avante's well-established security platforms which generate substantial revenue and EBITDA  

[Possibleidiot01]

Agree to disagree. Obviously they would want to merge the two teams and keep the best of both but in my experience if they were retaining him in an executive position they would have broken it down to who gets specific jobs , starting with  CEO and working downwards. JMO