share purchase plan announced., page-16

Yaqona,
Answering your question... I have already posted on the IGR thread, in different words, that I do not believe in communism in investing. If you risk more by investing more money in the company, you should be entitled to purchase more when there is a placement. It is that simple!!

Having said this, what a terrible timing to be doing a placement. If they did it when the sp was at 18-20c and there was plenty of excitement surrounding AAM, they would get lots of takers at 16c or so. Now that things came off the boil, they are advertising a further dilution. The story is simple, those with some AAM shares and no money will sell (and have just done so) to repurchase at 13C. The sp is going to sub 13c.

How do I feel about it with my large holding? Well, this is another AAM mistake. I feel like taking my money somewhere else, but I cannot do this due to the small volume of traded shares. This is how I feel. When I cool off, I will probably resolve to keep holding some AAM, but I am disappointed.

I hope I am wrong, but the timing of this thing makes me think that they received several proxies voting NO to most resolutions and want to make sure, prior to the AGM, that they have some money to keep things going.

What a shocker.

Regards,
Dratoz