By Lucian Miers | Thursday 31 December 2015
Disclosure: The author has a short position in one or more of the shares mentioned. 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.
On December 17 Avanti Communications (AVN) served up a quarterly update. From its bombastic CEO David Williams, a man who not only admits to, but boasts of, misleading erarly stage investors with a fake demonstration, there was the usual mix of bluster and misleading metrics. The only thing that commends Avanti is that it never fails to miss operating targets - it is, in this respect, the most consistent company on AIM.
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