AAIG
I received an email from ASR Wealth, a business owned by AAIG saying that it was the intention of AAIG to list on the ASX VERY SOON underpinned by a return of at least 35 cents a share payable by APSEC, another business owned by AAIG. I have complained to ASIC and soon to AFCA for this obvious misleading behaviour. ASR Wealth are now promoting AAIG 15 percent convertible notes further diluting the value of the ordinary shares and obviously have no intention of listing them either. AAIG lost their AFSL for one of their brokers Ascot Securities so they are already in the bad books with ASIC. I am looking at commencing a class action after attending a meeting with 26 other affected clients of ASR Wealth organised by another stock broker with a law firm.
