UPDATE 2-Elliott-funded Avocet to shut shop in face of high debt <!-- no image --> <div>* In Oct. said had enough funds to operate for next 12 months (Rewrites, adds details on operations, shares, debt)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=wDKTKqpEAjA:TzYbAPl2W0A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=wDKTKqpEAjA:TzYbAPl2W0A:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=wDKTKqpEAjA:TzYbAPl2W0A:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=wDKTKqpEAjA:TzYbAPl2W0A:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=wDKTKqpEAjA:TzYbAPl2W0A:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/wDKTKqpEAjA" height="1" width="1" alt=""></div> Posted by Reuters