What do you reckon:
ASM has done a private deal with Somboon, whereby ASM agree to the capital raise at 3.5 cents
Come September/October when border reopen.. DNA sell Aristo casino.. fetching around USD $50 million.. or around AUD $70 mn
After paying off all the debts.. For each of the 1.2 billion share, each share will be left with around 5 cents cash.
ASM then sell their holdings to Somboon for 12 cents, (their average after taking up the cap raise offer would be around 12 cents)
Or would they use the money raised from selling Aristo to do a buy back ?
either way, Somboon will be left with only with Star Vegas. Which is what he’s after, from what I hear. Somboon has no interest whatsoever in running Aristo.
Ann: Entitlement Issue Prospectus, page-87
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