while we wait for news and direction!
AHC has many prospective properties in their portfolio. More than likely management are continuing to look for others to add; With the share price down in the gutter, maybe it’s time to consider the idea of a possible joint-venture or optioning out of one of these prospective properties. In these uncertain times, it is an alternative way of preserving cash, strengthening share price, as well as garnering more interest to the company and the other properties they have.
By recent financials, it is obvious the company will shortly be in need of another round of financing and dilution to carry on its business. Rather than using the major part of any new funding towards one given project, the joint venture concept or idea minimizes risk, leaves money available for other prospective property acquisitions, as well as keeping some money on the side in the event of very real and possible market and economy corrections.
As disappointing as it has been to watch AHC’s share price fall to where it is at, the prospective properties they have in their portfolio seem to be the only thing keeping me in the stock.
Hopefully management is picking up and hearing of the frustrations levels from their shareholders that will get them to act and consider other alternatives to move this stock forward!
Best
Nickel