Doesn't anyone see the value in this stock??? At around $4, it's selling at 45% of its cash value after the asset sale goes through. This includes the payment of all taxes (net of NOL), debt, cash operating loss for the period. That doesn't include the Disney suit, in which the company has a good case, which could bring in a substantial judgment in favor of the company or a large settlement. Most of the legal costs for the suit have been paid.
This transaction is supposed to close by February. A deposit of $3.5 million has already been made.
$4 to $7.50, that's a near double on your money in 5 months!!!
Heartland value, the largest shareholder of AAHS added to its position by purchasing another 133,000 shares in June.
Perhaps the market is skeptical because no information exists on the acquirer, Global Broadcasting. However, the asset sale transaction was executed by individuals with a significant stake in the company (i.e. Chris Dahl--9.5% of outstanding stock, Dick Perkins --19% of outstanding stock) who can ascertain to the fact that the acquirer is a legitimate one and that financing is in place. Perkins' credibility, after 30 years in the investment management business, should not be questioned on this point. Besides, what would he have to gain by "defrauding" investors as he still holds a large position that he has not sold since the transaction was announced.
I can't understand what the market is thinking. What do those of you who are in the know think.
Mike
P.S. Please don't post information that is inaccurate.
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