So what gives ?So what gives ?
Aberdeen has been buying back its own stock at approximately the same price as this share issue.
First they buy back shares then they issue shares.
So they must have a good opportunity under consideration.
Aberdeen is a good undervalued play,
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Aberdeen Int'l arranges $4-million private placement
2009-04-17 16:34 ET - News Release
Mr. George Faught reports
ABERDEEN ANNOUNCES $4.0 MILLION FINANCING
Aberdeen International Inc. is arranging a non-brokered private placement financing whereby the company intends to issue 16 million shares at a price of 25 cents per share for gross proceeds of $4-million with an option to increase to $5-million subject to management discretion and demand.
Aberdeen plans to use the net proceeds to finance new opportunistic investments in line with its business model and for general working capital purposes. The company believes that the fundamentals of its investment portfolio will bring value appreciation as growth returns to the global economy and management sees tremendous opportunity in the current market for strategic investments.
Closing of the financing is subject to receipt of Toronto Stock Exchange approval. The company may pay finder's fees in connection with the financing.
We seek Safe Harbor.