Manaris (AVNY)

[walterc]

Whoops. I find myself now as the moderator for Manaris. I own about 332000 shares of this company at an average purchase price of usd 0,21. Mij first purchase was at 1 usd some 3 years ago. The shareprice went down as low as 0.06 usd and is now at 0,10. I accumulated constantly.

The company has a turbulent past ,but the present CEO a former KPMG vice president in Canada has completely turned around the situation and has its first (small)positive quarter both in profits and operating cash flow.

I am especially positive about the performance since the new CEO John Fraser took over. He always has executed what he promised. He expects a growth in turnover of 85 % coming from the expected 18 millions this year to over 100 millions in 3 years time.
Together with TXPO , this is my favourite pick for the following 3 years. I think both have excellent management and exciting products.
Manaris recently obtained better financing , I think the future looks bright and the present share price is only a fraction of what it should be (even with current turnover) The problem seems to restore investors confidence