Meanwhile, in a massive display of confidence, the MD has had $3.2 million which ACO apparently owed to him repaid. (That little gem was buried at the end of their Announcement of 18 Dec).
I mean - it's not like ACO needs the money any more, right?
Right??
This post by Forager Funds Management sums up the ACO business model very well:
https://foragerfunds.com/bristlemouth/dodgy-vet-companies-crash-and-burn/
I would say their chances of returning from suspension are very slim indeed. If I was a shareholder, I would be asking very pointed questions of the company Directors, via a class action.
D
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