Latest announcement from AAM :Altech Advanced Materials AG does...

Latest announcement from AAM :
Altech Advanced Materials AG does not implement capital increase
Altech Advanced Materials AG will not implement the cash capital increase with shareholder subscription
rights as resolved by the Annual General Meeting on July 17, 2019. The subscribers to the capital increase
will be reimbursed for any contributions made.
The background to this is that the capital increase was not registered by the competent registration court
within the period set by the general meeting. This was preceded by several efforts on the part of the
company to reach prior consultation with the registration court in the last two months or so. This week,
the register court took an obvious typing error by a shareholder, which in the opinion of the company's
lawyers was not relevant, as an opportunity to refuse registration and classified a short-term correction -
incomprehensible and surprising to the company - as late and notified the company of this today after the
registration deadline had expired.
The company will now re-examine its financing strategy.
The Management Board

Back to square one. Probably they'll come with a new strategy next week.