RE: Cash raise15 Jul 2022 10:09
For what it’s worth, here’s my take following this morning’s RNS:
AML is not going bankrupt anytime soon, if at all.
Covid, Ukraine, Inflation cannot entirely be blamed for the need to raise capital as AML has hit and reiterated its production unit charges all along. It has not helped granted but given the size of the impending cash raise, the 3 factors I mention have not caused the need for such a sizeable raise IMO. I do however think that Stroll has lost quite a bit of integrity in that he said ‘AML was funded forever’ or words to that effect after the last cash raise but I also think that was more his ego talking rather than staring actual facts and a man like Stroll will have a very very big ego!!! But what Stroll also has plentiful of is money, business acumen and friends who are prepared to back him! Personally, I think this cash raise with the continued and new support partners/investors is a massive positive for AML in the long term. What Stroll and the team have still managed to do in the last couple of years is very impressive as part of the 5 year plan to transform AML into a Global leading luxury brand. I feel even more reassured that this goal is now achievable but as was said 2 years ago, there will be bumps in the road but it is a 5 plus year turnaround. GLA