Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Just a follow-up on Anthony's question today. I have tried, on their advice, to obtain a sale of my shares at the 18.5c, a discount of 10c, but I have to wait till they can secure a buyer, but they are still selling at 19.5c. I did also advise them that will send this to AFCA? They are truly not ethical in their operations!
Hi Wally,
I cannot really add a lot to my previous comments around AAIG (Click Here to view) & I totally agree with you. The valuation they are proclaiming is unfortunately a mere illusion – it’s not a transparent market like a listed company. I also note that the recently listed HALO (HAL) which was sold to many of the AAIG customers, showed a decline in revenue over the past 6 months in their underlying business (the small growth was supported by grants). They listed this on a ~$175m valuation on the premise that the ~$10m in existing revenue would grow strongly which seems like another B/S claim from a bunch of promoters that simply give our industry a bad name.
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