The bloke who caused the problem is back because the firm chose him. The firm chose him because he is certain to pay their commissions. Before this last disastrous raising, AGO did not have to fight for a cent of the money raised for him. There was once plenty of money around and the larger the raising the larger the benefit for advisors and brokers.
Take a mouldable, non threatening muppet who doesn't think too much, throw in continuous PR and you have a guaranteed deal flow for the firm. Don't worry about the underlying business, it's about winners. Shareholders cannot win in the long run. The winners take home millions irrespective of the success or failure of AGO. They see themselves as winners. We see them as thieves, pretenders and liars.
AGO Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held
