Jeff Moore and Thomas Braziel discuss their new position in AAMC. AAMC is an illiquid microcap, which significantly increases its risk, but Jeff and Thomas think the company is likely to have a successful settlement of their preferred stock. After settlement, AAMC should have net cash per share in excess of today's share price, and then the company could make a significantly accrettive acquisition.
Jeff's original tweet on AAMC: https://twitter.com/ragnarisapirate/status/1433519100152721412?s=20
Jeff's YAVP first appearance on THRY: https://youtu.be/196QthwtDMk
Thomas's first YAVP appearance on GOED: https://youtu.be/eKnnl7AaMMA
1:30 AAMC overview
6:40 Some extra AAMC goodies
7:25 Why will Luxor settle their prefs?
11:40 Bill Erbey's background
16:15 Discussing a potential crypto acquisition
23:10 How a crypto transaction could rhyme with SPRT
28:00 Discussing a fix and flip
34:55 Other possible deals
36:55 The longshot Erbey / Blackrock lawsuit
41:55 AAMC's cash burn
43:30 Could AAMC's new execs reinforce the potential upside here?
45:00 Closing thoughts