Next Shipment, page-196

I would be appalled if anyone used the theories for investment Muppet - I just like ‘joining dots’ and enjoy when the ‘picture’ melds with other information that is more technically and/or fundamentally based.

Fundamentally AJM appears to me (from what media and other posters have said) to be doing a good job.
It’s got everything it can currently produce booked for sale .
These things were likely on the table at the last cap raise where a senior director put in $14 million of his own money to shore up the company.

Despite devalued yuan there is some big money behind the offtake partners; They can well afford to take on the debt .

It is ‘cash strapped’ but somewhere along the line somebody made an executive decision to ramp up the spending last quarter by $8 million or so unexpected dollars .
(I heard of a business once where - just before a property was sold to a mate- they installed a new escalator.)

I commend your rationale for reducing your holding - there are plenty of other investments out there and the risks involved in ‘marrying’ a company are ones I am well aware of.

Cheers