RE:RE:RE:RE:RE:New Press Release - AIMIA REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTSnkbourbaki wrote: nedstar71 wrote: Yes, listening to the CC didn't exactly reassure me that they have a handle on things. I'd had hoped for more, but ended up with a stumblebums impression. They should be buying back stock at these super duper low prices. Right.....
Maybe Mithaq will make another attempt, this time in the $3.23 range.
I'd guess we won't hear anything from/about Mithaq until after the CMT hearing on April 10. The entire strategy (or lack thereof) is perplexing. If Mithaq succeeds in getting Aimia's motion dismissed then I guess Aimia could resurrect the civil litigation, but nothing would happen in time for AGM. In any case I imagine the next fireworks probably surround the AGM. The Q4 results & presentation don't make a strong case that present management is adding value. I think they'd have trouble retaining control if shares stay under $3.
Forgive me, but I'm completely lost as to the state of the court proceedings. What's going on on the 10th?
On another note, to close down just 5 cents on a headline loss of $188.6 million for 2023 and a mediocre conference call while you couldn't call it a good sign is somewhat surprising. Lack of liquidity means everyone is basically stuck in this Mittleman built horror show I suppose.