The funding announcement in my mind is positive. AJQ currently has $6.8m tied up in EA bonds. Government looking to change the EA requirements and move to an insurance type scheme, with yearly premiums, and the current EA bonds returned to the company on entering the scheme. This looks like they are accelerating the access to this funding at a lower cost of funds to the CN. Note keen on the options but at least their out of the month, hopefully not for too long.
AJQ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
