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ARGGY - Aston Martin: Rescue Plan Was In Place But Then Coronavirus Emerged
Aston Martin Lagonda Global Holdings PLC ADR
Since my previous coverage in mid-January, shares of the iconic luxury carmaker Aston Martin Lagonda Global Holdings plc (AMGDF; ARGGY) have been in free fall. The trading statement that revealed the 107-year-old company had been testing rough waters running out of cash conflated with reports in the media that Aston Martin has been in talks with a few potential investors who could save the firm from almost inevitable insolvency and abysmal fate and pushed the stock price lower. But when investors, ultimately, arrived to help the cash-strapped company to recuperate (Canadian billionaire