Forum Archive Index - June 2001

["Ian Andrews" <iandrews@ihug.co.nz>]

The directors deemed the shares to be worth 1.5 cents when they issued 23 million new shares on 2 February 2001; despite the book value being 7/10 of a cent a month earlier.

 

They now say the shares are  worth only one-sixth of this. What has the board been doing for the past 4 months & what have they spent $500,000 on in that time ?

 

Surely any fool could have secured the Organic Interceptors deal? Could it be worth paying someone a salary or more than a nominal commission for ? Is there any news to come to make that deal look more attractive.?

 

Have there been any collateral deals? So many questions need answering about AQL.

 

It often amazes me what some small companies think they can get away with, but if only a few persistent shareholders take them on , they can get results that would not be possible with a large company. 

 

Disclosure:

Haven't owned any AQL for over a year since I re-evaluated the "strong buy" recommendation D.F.Mainland gave me.