Finweek English Edition - - INVESTMENT -

The Aveng up­date was a shocker. The bal­ance sheet is un­der se­ri­ous pres­sure as cash dropped and debt rose, but the crit­i­cal line in the up­date was “ac­tively pur­sue cap­i­tal mar­ket fund­ing al­ter­na­tives, which do not cur­rently in­clude a rights is­sue”. In other words, the com­pany needs cash, likely lots of it, and while a rights is­sue is not the cur­rent plan, it is cer­tainly a good pos­si­bil­ity. Re­mem­ber, a rights is­sue is the last re­sort for rais­ing more money, but if ev­ery­thing else fails then Aveng will have no other choice.

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