I would call wasting 220 million on a dud purchase, dilution that could have been avoided, and a drop in the SP by 2/3 a little more than a disappointment. Given the wages and bonuses these guys are taking who is accountable? The company is owned by shareholders and is not a plaything for management to gamble with.
AMI Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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