Are the previous management of AAQ, who were running the company prior to administration, now working in the US keeping the operations going, or are they going to be managing the "new" Australian operations?
It was very suss that US finance companies were prepared to fund AAQ even though it would have been obvious to them that AAQ was a long way away from being profitable (according to the accounts released to the market), even though the projections were always very optimistic.
I'm very suspicious of the management's involvement with AAQ US assets being easily and readily acquired by the financier in the US.
AAQ Price at posting:
72.5¢ Sentiment: Hold Disclosure: Not Held