I think we will be 'sold' a story about some US funds being restricted from investing in listed companies with a share price below a certain threshold.
e. g. NASDAQ listing criteria (not suggesting for a minute that AHZ are considering trying to get listed on the NASDAQ) requires a share price >$4 (from memory).
I'm still deeply concerned about Patto's approach when it comes to capital management. At 100:1 I get the feeling discounted offering for capital will continue. He'll win back some of my faith (and funds) when he can organise a capital raise at a premium to current trading (not a discount). Where are all those important relationships he talks about to help with cornerstone investors? Would be great if the long term (read suffering) holders were rewarded with the sweet heart deals offered to SIO etc.
I'll be voting against the remuneration package if you hadn't guessed, how can Patto continue to be so richly rewarded for destroying so much shareholder value?
AHZ Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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