AVC 0.00% 44.0¢ auctus investment group limited

Ya, the change in strategy has taken a big drop in sentiment....

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    Ya, the change in strategy has taken a big drop in sentiment. Mind you I got in for the Lenovo Beyond Media hype! Seemed a good idea at the time...

    I hope this relates to the CR they mentioned in the previous Ann that talked about a $25m investment in Battery storage business in the states.

    'The partnerships’ initial investment will be in a leading battery storage company focused on the development and acquisition of large-scale projects for utility customers in North America. The business is a leading independent storage platform led by an experienced management team, with several contracted and operational projects in addition to a growing pipeline of opportunities. Auctus will launch a US$25m capital raise via a special purpose vehicle to fund their next stage of growth. Energy storage is a highly fragmented industry with exciting growth prospects (expected to grow to US$4bn globally by 2022 – Navigant Consulting). '
 
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