American Electric Technologies (AETI)

[learning curve]

I think I’m leaning towards a dismal buyout at ~1.50 share common. Maybe a bit more??

Jch redeems preferred units and walks with a slightly overall market outperformance via dividends.

Cash redemption $5m
Loan ~ $6m
Vs
2.5-3.5m cash on hand
Profitable biz going forward into cash strong environment
Hedged well for currency and divesity internally
Pre restructured internal domestic biz model for down turn of future...

$30m Mc less $10m cash injection = 20m Mc
Less volatility
Less small biz can’t demand premium
Less marketability
Less liquidity to capital market

= 50% haircut

10m Mc against 8.5 shares out standing...~~~~~
= worst case!
I buy!