Keeping 70% makes sense to me, allows for a two more placements of 15% down the track, while still then holding 50% and clear control. Once Gladstone is humming, I doubt AOE will want to dilute it's control of AOEI at all, by then it may be happy to creep back up.
I don't expect any in specie distribution. This isn't about distributing unwanted assets, it is about raising funds with minimal dilution of much coveted assets. It is also about getting value recognition for AOEI within the AOE sp, in order to cheapen future AOE CRs, whether debt or equity.
EL
AOE Price at posting:
$3.64 Sentiment: LT Buy Disclosure: Held
