Nordic

American Oriental Generates Plenty of Financial Engineering News

I wonder if AOB's manouvre is a gimic to get more shares into favored hands at a good price. First they buy back stock from the public and then are going to issue a convertible which might result in an excellent price for somebody - favored - to buy stock in the future. I tried to get information from the company's PR firm on who was going to get this privately issued convertible. They gave me some hogwash about not being able to say because it was a private matter. I may hold my stock for a while yet, but this game makes me very dubious about what kind of management we have here.