Article
Mogul's Sudden Retirement Brings Down Industry Giant
A couple of hours before Day Change (to Day 177) global industry tycoon and Wall Street mogul
Although the farewell of such a high profile player is a surprise in itself, investors might focus more on the consequences of his exit from business.
AMDG has long been a leading stock market company in the US as well as globally. Starting from Day 1, jackist had built up and industrial complex that is worth more than 12k Gold (according to its Estimated Value), and provided investors of his company with a regular, though not outstanding divident. However, the most captivating attraction of AMDG was not its profitability, but its market position and the growth and stability that had seemed to be guaranteed by jackist's magic credit card power. Yesterday all that turned out to be a mere illusion.
Operations Suspended Weeks Before Crash
The industry giant have been a mere ghost of its former glory for a while. At the moment there are only some three dozen active workers employed in its fortysome high quality companies. Sales had come to a halt about a couple of weeks before jackist's announcement, and the retiring industrialist have apparently made no attempt to sell on foreign markets after the collapse of the United States. The modest divident of ~1.23% totaled a weekly 1500 Gold, a sum that has clearly not been met by profits recently. No early whistleblowers foresaw what was coming though.
90% of Market Value Gone
AMDG market capitalization had peaked at an incredible ~118k Gold yesterday; a speculative bubble that came down to the current ~11k in a few minutes - slightly under the estimated value of its net assets. Most of that galactic 100,000 Gold has never been real for a moment of course, neither when it comes to actual accumulated investment nor when considering the market value of assets.
Market capitalization of AMDG was about ten times its estimated value, and that ~960% was remarkably high when compared to other big companies. SK's Ten Percent Holding has that at ~25%, Alfartrade at ~41%, and even slightly overhyped Nayg Maygar RT has it around only ~100%.
The difference between market capitalization and the book value represented by the Estimated value is actually the market value of stocks based on investors' expectations. Practically everything beyond the net market value of both fixed and liquid assets of AMDG merely represented investors' trust in the future of the company - a future which now looks rather grim.
Fallen Giant Paralyzed by Lack of Leadership
A proposal by AMDG investor Account to sack jackist from his position as CEO has just passed. Jackist is still having a 32.06% share - and offering his stocks at 3 Gold while outstanding offers hit a record low of 2.84. Since there are no roles assigned apart from those to jackist as CEO, without a new leadership the company is practically frozen. Investors still have to agree on a new CEO to put the company back on track - or liquidate assets as already proposed by shareholder and Slovakian Congressman
Will Someone Take Charge - At Least As a Receiver Manager?
Electing a new CEO (once sacking the current one) doesn't look simple. With jackist still holding a third of the shares (and showing little to no activity yesterday), and with the second biggest shareholder controlling a mere 6.28%, it would take a very convincing and active business leader to take charge.
Even liquidation seems to be a rather complicated task. AMDG is based in the US - now a country without a single region. The lack of a home market would keep a future CEO from relatively quickly and tax-efficiently selling stockpiled products and raw materials, and he would also have to face the problem of having to deal without the AMDG affiliates (AMDG Serbia, AMDG Argentina, AMDG Brasil, AMDG Poland, AMDG Indonesia and AMDG Austria) none of which are listed for sale at the moment (though, according to jackist's announcement this situation might change soon).
The collapse of the US has another impact on the future outlook of AMDG: a considerable part of that awesome company portfolio is located in the US or in regions once controlled by her - but now outside of AMDG's (temporarily shut down) home market and the once large workforce pool of the US. It is highly questionable if a quick liquidation of that portfolio was possible.
Whatever the outcome, the future of that once mighty supercorporation will surely be worth keeping an eye on in these days.
Three CEO Proposals Under Way - 11:45 GMT, Day 178
Kolozs , a high profile business player is the CEO of Nagy Magyar RT, the top Hungarian stock market company now ranked 5th globally. His policies apparently include a firm control of stock price levels, and a strong focus on estimated asset value. The industry giant run by him seems to be rather careful about dividents.
Nagy Magyar RT has an estimated value of 4257.21 Gold, and a market capitalization of 8475.85 Gold. No divident has been issued by Kolosz so far, however in the company statue he announces his plans to return 50% of the profits that will have been accumulated on Day 184 or 185.
Kolosz New CEO of AMDG -12:24 GMT
AMDG shareholders have selected
New CEO Listing Companies - 12:52 GMT
Freshly elected CEO Kolosz has already started putting companies up for sale. so far it rather seems a rearrangement of the corporate portfolio than a general liquidation.
Kolozs Shouts Thanks - 13:01 GMT
Hi all!
Thank you the CEO election! Today afternoon i will look the companies and start of the new period.
Kolozs (CEO)
posted 7 minutes ago
3 Gold Shares Sold Out - 13:20 GMT
All shares offered at 3 Gold are now sold out, including those offered by former CEO jackist. Sell offers are now around 10 Gold.
Kolozs Aims For 4.8 - 13:47 GMT
New CEO Kolosz now offers a few shares at a price of 4.8 Gold.It is not yet clear whether that's the price he's aiming for, or merely an attempt for some quick cashout refinancing his massive buy-in.
Minor Monetary Operations, Slowly Recovering Share Prices - 21.13 GMT
After the sale of some goods, AMDG has reentered some monetary markets. Share prices began to rise, latest sales at 5.5.
Next article:
Stock Market Review (Day 179) (11 years ago)
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