Didn't see the show, but from your post it said the host had stated that no companies come back from this. There seems to be a lot of journalist out there lately thinking they have MBAs from Wharton, or have knocked back jobs as Investment Bankers with MQG.
Tomorrows announcement will clear up:
- Forward year profitability;
- True debt position;
- Asset sales.
This will determine the future of Allco.
Having said that, I seriously doubt AFG will be around in its current form, however, there are a number of scenarios that could play out.
I hope they start trading after the announcement, has anyone heard when they may start trading again? Has there been any announcement, or leaks?
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