When a company issues an RNS which is frankly incredible – that is to say unbelievable on the known facts – that should be a massive Red Flag moment. If that company has a long record of missing targets and burning cash and is also drowning in debt then it is a stinking sell. And that brings me to Avanti Communications (AVN) up at 253p after a contract win announced today. Hmmmmm.
The RNS “Contract win” states:
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