I just noticed there were Hot Copper posters just last Friday...

I just noticed there were Hot Copper posters just last Friday who had no idea the capital return was happening. There were even pre-open orders this morning in the teens (the buyers had no idea AGS had gone ex-return).

That is astonishing considering there were numerous announcements from AGS including a shareholder vote on the issue. Is this a case of facebook generation traders who have zero attention span or is the market always been this stupid?

With AGS trading at such a huge discount to cash, we will just have to wait for the proverbial penny to drop. The return of cash to existing shareholders (who can divide two numbers) should add more buying depth to the stock.

AGS has about 5.5c cash per share and is selling for 3.1c. Is that enough margin of safety for you?