AGO has $800M income pa!
its creditor just waived its $135M bonds, extended the rest to 2020, took lots of shares, yet kept the board, boosted AGOs net asset position by $135M, reduced its net expense ledger annually by $12M pa, confirmed AGOs survival.
How is that not positive?
its MC ought to spike to $200M -$250M on this news, if IOP & SP rises now, the less dilution & less shares issued & more cash at bank to pay down debt.
Hartleys knew it! The ramp is on. Volume spikes tell me accumulaters at work again. The artificial flatline tells me the shorts are dead & the buyers are here..
The answer to sean smiths article "can atlas survive" from sat west newspaper has been met with a resounding set of answers...yes yes yes say its board & contractors & creditors! Sack sean smith..bring back nick evans...lets see this mornings zombie cowering backflip from the west newspaper!
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Ann: Atlas signs debt restructure agreement, page-93
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