My understanding was that AJM had already undergone the refinancing, and they received no reduced interest rate, but effectively just an increase in time to pay the funders at smaller increments, though in the end the total amount would be greater.
To me, the AJM refinancing looked like almost a complete failure, the rate stayed at 15% overall.
AJM at 15%.
PLS now at 5%.
There seems to be a great disparity here, not only in interest rates, but maybe also in the financial management ability and skills.
I own both, but AJM has always been the really disappointing one, and it's only further highlighted by comparisons like this.
Why don't AJM hire as consultants, the PLS financial management team?
Agreements like this by PLS, make AJM look like a bunch of incompetent amateurs (unfortunately).
Gw
AJM Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
