RE:RE:FinancingQuestion: What do you get when you combine lack of accountability and greed?
Answer: The Latest AOT financing
April 10 is the closing date and Aot should cancel the deal as it sucks.
The average SP in the last twenty days is $1.10, so a 22% price discount plus 15% additional allotement you only give to your friends and lovers. I am openly questioning the Ulterior Motives of Aot for this disastrous deal as clearly there were a number of better available options.
Here is one of them . Gold was down in the last eight months and Aot needed financing on a short notice. What do you do in these circumstances?
Instead of signing a deal that appeared to be entered under duress, Aot should have considered securing a short term loan with higher interest rates, then wait for the gold recovery to negotiate much better financing and use the new financing to repay the bridge/ emergency loan. This is/was elementary and the fact that Aot ignored or wilinghly disregarded the obvious choice cast a long shadow on the integrity of Aot management. BMO and Reymond James of the world are known greedy sharks, but why Aot let themselves being played as a fiddle by the banksters?