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Breaking: Class Action filed against Nasdaq dog Arqit, run by self-confessed liar, David Williams of Avanti infamy

Before calling his lawyer, the pompous and bombastic arse should remember how, in the early stages of Avanti Communications (AVN), he boasted of fabricating a product demo. Worse was to come, as Williams made tens of millions from dumping shares he ramped ruthlessly, while investors lost everything.  Now, he has a new scam: Arqit Quantum (US: ARQQ), listed on Nasdaq. We first covered Arqit, HERE. Its shares were $37.41 on December 3, 2021; now, they are just $5.65. Bring on the lawyers.

EPIC AVN
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David Williams of Avanti infamy strikes again with alleged revenue overstatement & far worse - WSJ has the scoop

You can never keep a good man down. And, as for an absolute rotter like David Williams - who pumped satellite firm, Avanti Communications (AVN), before selling millions of pounds worth of shares, paid himself regular seven-figure stipends and then ran the company into the ground - it seems as if lightning will strike twice.  We defied the notoriously litigious bombastic prick, and highlighted numerous Avanti concerns on this website, as you can see HERE.

EPIC AVN
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Avanti to delist its AIM casino shares – shareholders lose 99%, founder makes close to £20m

I was once a believer as shares in the satellite company Avanti Communications (AVN) soared to 800p+. But I saw the light many moons ago. Today they languish at 0.5p as the company has announced that it is to delist from the AIM Casino. For six years this website has been warning about this disaster in waiting now we are 100% vindicated. Are there lessons to be learned? You bet....

EPIC AVN
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Avanti Communications – “can look forward to a positive future”… other than some increased competition, falling capacity prices & debt issues etc!…

Avanti Communications (AVN) has announced results, with CEO Kyle Whitehill emphasising “we can look forward to a positive future. We have an enviable network of assets, demand in our coverage is growing and the actions taken in the last 12 months to re-focus the business and to bring in new commercial talent to the executive team should bring rewards in the near term”. The shares have responded… er, by remaining down at 1.625p…

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