Is it worth the risk?11 Jun 2020 13:29
Background Forum Energy Services Ltd, incorporated 2015, mainly Paul Forrest, who resigned from Forum Energy Ltd May last year. AAOG sell off their asset to Zenith, paying off Riverfort, and FES Ltd reverse into AAOG to create a cash shell on AIM.
Now drawdown loans are taken out from Riverfort for shares. Understandable why they didn't want the SP to rise too far.
So what's the Plan?
Reverse into another asset and increase share value? - Obviously they sold that idea to Riverfort.
Live a comfortable lifestyle for 6 months and then do a runner? - Riverfort won't be too happy with a collapsed SP.
Am i missing something here are there other options?