AVA in a trading halt prior to cap raise, it is absolutely absurd capital allocation to pay a meaningless dividend and then raise a couple of months later....will be very interested in the purpose....it better be a good one or this will go on the exit list for me (despite all the promise of a really good product offering)

The ATO has put a line through the companies proposal to send $39m to shareholders through a capital return, instead it will need to be split with most of the funds being a special unfranked dividend. Hopefully the market doesn't overact as it was always going to be a possibility of this occurring, focus on future earning potential