AFT afg 2023-1 trust in respect of series 2023-1

Agree totally...and that is if you can get a buyer.Remember this...

  1. 1,635 Posts.
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    Agree totally...and that is if you can get a buyer.Remember this stock,for years has had highly
    infrequent trading with never any buyers in line. In those circumstances can't see
    any buyers forthcoming until management decides to real with regards an ASX.based
    investment strategy rather than just being a "privately operated" company on the
    extreme fringe with no investment appeal as a Listed entity.The real concern for
    large shareholders[non-management related]like Surplus King is that on first
    day of consolidated trade a $2,500,000 investment could be worth almost nothing.
    At least at 0.001c cannot go any lower..capital preserved while waiting eternally
    for management to make some sort of relevant announcement that might shift s/p

    Look at Lakes Oil..still has buyers at 0.001c..even with 21 billion shares on
    issue and drilling bans in place...says it all.

    AFT Consolidation plan, on that basis, at face value
    looks to be poorly considered with regard signifigant negative implications for shareholders.

    Cheers
 
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