My experience as a shareholder of a company placed in involuntary liquidation is all bad so I am not inclined to support the idea for AAE.
Bad things to consider are:
- Litigation which can be ongoing for many years (five years and rising for my shareholding).
- Expenses for liquidators and lawyers not included in the beginning analysis of the possible returns from liquidation.
- Delay in settlement for which there could be many causes such as litigation or in AAE's case, the earn out period of five years for the sale agreement covering the biodiesel facility.
- Stagnant finances while the liquidation remains unsettled.
I wan't to see an effort made to refinance AAE after development of a new business plan. I feel that shareholders might be better off in this scenario.
Note: These discussion comments are not intended to be financial advice.
- Forums
- ASX - By Stock
- AAE
- if the sale goes through
if the sale goes through, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)