It seems like Locke is playing the role of a high-stakes punter here, sizing up the odds of our horse brining home a prize. With their resources, they're able to crunch the numbers and make an informed decision. If they decide to place the bet, it suggests they see a decent chance of a return. But if they walk away, it's definitely not a good sign.
We had solid financial footing when we went into suspension, but it appears management didn't anticipate a scenario like this and failed to rein in their spending. Now, we find ourselves in a predicament where we're depending on essentially a high-stakes gambler to rescue us.
Rich Investors Are Now Betting on Legal Cases. A strategy called litigation finance, where firms foot the bill for legal cases and take a huge cut if plaintiffs win, is on the rise. It’s a risky bet. A third-party funder typically only makes money if it wins and getting money from a nation that doesn’t feel like paying can be a whole new legal battle. But in the case of a win, the windfall can be huge.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held
