This latest development puts the CR on shakier ground
DB was the only real source of demand for AZS shares. Now they hit their 20% cap, they won’t be contributing to future raises
Obviously Drake is out of the picture now too
The only remaining major left in the mix is Mark Creasy, and he hasn’t been buying for years. I wonder if he could be persuaded to toss more of his capital into this bonfire?
In any case, I cannot understand why any new investors would be prepared to pay more than 11.5, which is the most DB thought shares were worth
Interesting couple of months ahead
AZS Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held