GREY:AIIFF - Post by User
Comment by
Thethruthhurtson Sep 02, 2014 8:52am
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Post# 22896352
RE:RE:RE:RE:RE:obviously there is some out there that disagree with you ...
RE:RE:RE:RE:RE:obviously there is some out there that disagree with you ...
Good points all. I do agree with the stretch comment but I was just using it as a comparison based on their desire to dispose of tired assets. How about this: With the stock price so low -- What if the company consolidated units at say a 5 to 1 ratio. Investors are in limbo with no hope of recovering value and no dividend in sight. OR maybe there is a different vulture looking at making an offer to share holders to buy the stock take control of the company with a plan that reflects dealing with the many elephants in the room. The issue of Brookfield remains as well as the public debentures. There must be a way to renegotiate better terms to allow the company to perform. They need a longer leash as opposed to the noose Armtec currently wears. Ron Adams in now chairman and he is arguably the only person in the room with a true understanding of the businesses and their collective operating ability. I think we will know shortly what will happen. I believe that they have called a play and are getting ready to execute something other than just calling for more credit.