the real inside, page-26

Aegis Research values AIO at $1.54.

"Share price risks are to the downside until the company releases further information about the sale of stakes in its key assets. While we believe there would be significant interest in all its prized assets, there are so many factors outside the company's control that will cause share price volatility. That said, when details arise and should the company reveal a good deal, the share price will react strongly"