amcom, page-6

Lots of AMM news items currently about 2 curious transactions.

In both cases AMM is trying to buy back what it previously sold.

Why did it bother floating off ATT in the first place?

As for IP1, first AMM build it then gets others to do the financing. The IP1 goes bust and AMM has to write its share off.

Now its trying to buy the IP1 carcass back with Telstra's money.

I'm sure the associated middlemen must be ecstatic. Not so sure about shareholders.