AGH 0.00% 3.0¢ althea group holdings limited

Aphria selling down shares at 40 cents (27% discount to listed price), page-14

  1. 691 Posts.
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    Aphria would not be selling out unless they thought the business they were invested in was not financially sound and profitable.

    The fact that Aphria sold for such a low price and wanted to get out of Althea ASAP suggests that there was something else underlying in the business which they needed to disassociate themselves from.

    Perhaps, this non-arms length transaction with Greg Battersby (former director of both Aphria and Althea) and $30m beneficiary of the capital raise @ $1.

    All we cans say for sure, Aphria wanted out and they wanted out fast.
 
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