Ann: AOG Half Year Results Presentation, page-22

Today's announcement says 2 things most shareholders are caring about: 

1. Operation performance is ugly, far worse than expected, and the outlook for near term is extremely challenging.
2. There ARE none- binding offers for the company on the table, but given the current situation we can't expect close to the NTA.

The offers, if it does exist, should be higher than the current sp of $1.8 level, but that may not convince the board to trigger a "sell".

Let's just hope the offer is high enough to be accepted.