Manaris (AVNY)

[walterc]

Hello Jmack It makes me happy to see you on this board as this assures me of serious due dilligence work .
In respect of your questions I have forwarded your questions to the pr firm in the hope that they help me to better answer you than I ever could. I know Manaris was in a financing arrangement which was higly dillutive but they managed to solve that problem. On the financial side I think part or maybe the whole of the answer is in this pr of July 30
• Manaris Redeems Majority of Series B Convertible Notes . I think with this agreement Manaris made an end to the extremely dilutive financing arrangements of the past and have set themselves up for the future. These past arrangements were to me the primary cause of the drop in shareprice to as low as 0,6 usd per share.

As for the products of Manaris that drive the business it is again very technical and as you know these are not my skills.

If I do not have an answer within a normal time frame from the company I will make up somsthing myself.


Manaris has a whole history behind them which every investor should know from the C Chips to the fiber lasers but that will take some time.(I do not know how to start). The main reason why I am in and increased my number of shares is the quality of the CEO.This company was close to bankruptcy when he took over and is now ready to take off.I tanked at0.6 usd per share to bring my average price down)

In a way they are further than TXPO as they have had their first profitable quarter and are heading to 100 million turnover in 3 years time.(according to a video message of the CEO John Fraser)
John Fraser to me is somebody who is only making forecast public when he knows he is going to realise it, In fact Manaris is profitable one quarter earlier than promised.

I hope I can dig up the video somewhere

I will be back on this