RE: SP6 Jan 2020 15:41
Forgetting the past and looking at aaog with fresh eyes, As a £1.5m Mcap company I am starting to think even post zen deal the company will “look” undervalued at this price, given the carry and cash it should have.
Unfortunately I do not expect the AAOG board to find an RTO target, and I do expect them to spend every penny possible, it’s struggling to raise £50k a month via a CLN, if the board can not raise a solid lump sum of £1m at these prices from the normal CLN crooks then they are useless and still need replacing after the deal.
I know, it’s gloomed, they have maxed out Riverfort, Ya, Milton and most of the company credit cards but there is some residue value atleast from the zen deal, regardless of how long they make it last.