RE: Tiburn and irish16 Oct 2020 18:34
"Say for example they take board control, invest £10m worth of funds/asset to kickstart the company, ten fold increase in market cap - re list at 3p for example.
Add 166m shares at 3p gives them another £5m funding, with 30% dilution to legacy shareholders - including themselves."
You are not serious here are you???
500m shares in issue here now so at 3p it is £15M Mcap
Who on their right mind will invest in the shell at £15M valuation???
AIM Shell value is somewhere between £200-500k.
It costs upto £200k to list the venture on the Main Market
So in theory it is much less hassle raising £500k cash and listing the clean Main Market cash shell without any disgruntled shareholders from the previous company life...
So naked AAOG is currently worth 0.04-0.1p plus the cash which I am not too sure about if they have much left...
Sometimes they add 20% of total losses(guessing losses are in the region of ~£30M) for tax purposes if RTO is the company in the same industry and generating revenues...
This is the reality
All the best and good fortunes on the next venture once aaog is transformed into something.