RE: Cash raise27 Nov 2024 09:36
China market is finished, all AML needs now is Trump to add tariffs at 10-20%, and the US market is finished too.
Whomever said this will be a debt for equity swap might be closer than you all think.
Noticeable that PIF, Mercedes, Geely etc didn't get involved in this cash raise.
They have had enough, otherwise they would have subscribed and the full 200m would have been cash. Adding to the debt shows the idiocy of the management yet again.
Remember Stroll promising no more cash required? And then one last cash raise to deal with the goddam debt?
Debt was 385m when he took over, now it's 1.5bn and shareholders have been rinsed again.
If you thought the company was in trouble in the last few years, that was nothing.
Low odds that survives publicly now.
That's what happens when you have an absolute charlatan buy the company.
AML going the same way Asprey and Garrard did:
Throw lots of hyperbole around, scream ultra luxury at everyone, raise prices on a slowing market, lie to shareholders, and run off when the shizzle hits the fan.
I'd love to know the split on yewtree share in AML and who the bondholders are.