good pick up . Its difficult to really understand what it means but you are right potential downside -$2.7m potential upside $160m
An that for a compnay with a market cap of $3 to 4 m
I wonder if they are considering a equity raising as part of a refinancing.
The only thing that worries me about this company is they way in which such a raising would be done . I ve seen it before were they raise alege amounts for a few and heavily dilute the small shareholders, taking a large part of our upside along with it. and yes there potentially huge upside
a company with a cap of $3m makes an ebitda of $26m yes it has bank debt of $206m but it did manage to reduce it by $13m . A couple of years of this and net equity would quicky rise.
AEJ Price at posting:
$4.10 Sentiment: Hold Disclosure: Held
