AGS 0.00% 17.5¢ alliance resources limited

Wow, just wow, was my reaction too after spending the last 20...

  1. 935 Posts.
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    Wow, just wow, was my reaction too after spending the last 20 mins or so reading last night's posts.

    So you want to hear stories huh? Well, here's mine:

    My name is Chris & I'm an AGS-aholic. Just can't get enough of those AGS shares. Just one more parcel, can't hurt right?

    Just kidding.

    Anyhoo, in the extremely unlikely event that someone from the NY Times actually reads HC, I daresay the unsavoury nature of some of the posts has probably put them right off. But let me summarise the situation for them: "Investors in microcap lose money". Hardly world news is it?

    Meanwhile, for the adults still in the room, AGS cannot trade insolvent. Full stop. They are short of cash. We ALL saw it coming. We all read the quarterlies but we threw the dice that sales would start before a CR was needed. We were wrong.

    This CR is almost certainly going ahead. It has to. AGS CANNOT trade insolvent.

    The sooner everyone re-calibrates their expectations of their investment in AGS, the sooner you can move on.

    Still think there's potential. But not as much as there once was.

    One final thought, just in case I didn't mention this before, AGS CANNOT trade insolvent. It needs funds from somewhere, and baring any late-minute injection from ITOCHU, it's going to be via shareholders via the CR.
 
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