Saturday 24 June 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Drowning in debt Avanti Coms takes on more debt, is classed as non investment grade & exposed for misleading (again)

By Tom Winnifrith | Friday 16 June 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


You are drowning in debt so what to do? In this crazy world you take on more debt! and so Avanti Communications (AVN) today announced that it had secured a new $100 million debt facility. Read carefully and you will see what an absolute nightmare this news is.

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