The question is who is stone and what is their connection with A1? This seems to be a clear takeover by stealth. Surely we could have done better than that.
It seems clear to me that our debts have merely been transferred to another entity except now we have put the entire farm up for sale. All stone have to do now is close out the shareholders by running the company into the ground and they then get everything.
The stupid thing is we are paying 5% interest too on 12 mil. That hardly seems equitable. Personally I feel that stone would be forced to perform for their conversion with a much higher strike price.
All in all the deal has been struck at the worst possible time for A1. Never has the SP been this low. Why did management let it get to this
Disappointed
GC
AAM Price at posting:
3.0¢ Sentiment: None Disclosure: Held
