This is the best result for AGS to have the JV fall over due to Q's illegal dealings etc and have the lease fully returned to AGS, as I mentioned beofre. A long shot but surely IG & Co must be looking at this. Hopefully the Federal court can see this for what it is and make a quick ruling. On the other hand if an agreement is reached you would have to think $2/share at the very minimum. In the meantime, if Q/H/GA are buying up AGS shares, lets say management and the top 20 don't sell and retain 60% of the company, then Q can target the remaining 40% at around 60c per share. 40% is 140M shares which only cost them $84M, for 40% of the company, not a bad tatic. So, to all those minor holders, don't sell your shares to these sharks. Shares traded in AGS at say an average of 500,000 per day means 280 days to obtain 40%/140M or about 56 weeks/1 year. They're probably well into it for such a valuable assett....
Cheers to Mary
AGS Price at posting:
61.5¢ Sentiment: LT Buy Disclosure: Held
