AETI Quick Rundown. Something To Keep An Eye On For A Potential Short

They have plans for a reverse merger where they intend to issue over 100 000 000 in new shares to Stabilis.

This image has an empty alt attribute; its file name is bandicam-2019-07-15-09-59-06-380.jpg
This image has an empty alt attribute; its file name is bandicam-2019-07-15-10-03-53-796.jpg

From their Proxy statement dated 6/12/19 “A majority of the funds borrowed by Stabilis and its subsidiaries have been provided by Casey Crenshaw and entities he controls or with which he is affiliated. If such funding is not available in the future, Stabilis and its subsidiaries would be required to seek other sources of capital. Such capital might not be available or might require the payment of higher rates of interest and contain restrictions on their operations and leverage which could limit their ability to grow. If capital were raised through an equity issuance, current stockholders would be diluted“.

Will update soon

Leave a Reply

%d bloggers like this: