At this point in time it appears Alliance and the BB cannot work together. Thats the only reason Itochu was bought to the table mainly because AGS are going all the way with the M&D C Matter and the return of the asset.imo
If AGS retains or negotiates a workable scenario with only the 25%, as you suggest("settled out of Court"), then Itochu would have no role to play.imo
Itochu comes to the fore IF AGS gets the 75% back.imo
The July meeting will give an indication of where we're at if the deal is pushed ahead/through.
IF AGS only has the initial 25%(negotiated or Court settlement) then with Itochu taking up the 14.9%, its a needless throwing away of 14.9% of value to existing share-holders imo
Share-holders need to be given some facts to understand the reasoning of the Deal? with Itochu.imo
A lot has to be guaged/determined at the upcoming meeting.
Take your blinkers off for a while and work out the nuts and bolts with this upcoming deal thats taking place, its important, make no mistake.imo
Also, Retaining the 25% as it stands now with the BBros in complete controll of everything will never see true value reached imo. The stock is tainted now and new buyers will shy away from it.
Either way with a resolution, how many are heading to the exit gates, first chance they get.lol
Md
AGS Price at posting:
20.5¢ Sentiment: None Disclosure: Held
