gorsen if you reread my post i was not bashing la jolla at all. They were necessary for the company (AVH) to survive, and after LJ finally finished selling off their options, the SP recovered. The process took ages but that is a function of how much mess the borrower was in. LJ took a big risk and you pay for risk.
Extracting their pound of flesh is probably an emotive term, but surely it is how all lending works. Good point about the LJ lending rate being low in this case.
Capital raising through share issue obviously means dilution of the share value. Either way it means a bit of short term pain while the company goes through the painful period of establishing itself.
I am not yet on board, but I appreciate the thinking in here.
AEB Price at posting:
38.5¢ Sentiment: None Disclosure: Not Held
