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ARGGY - Without Fresh Capital It May Soon Be 'Time To Die' For Aston Martin
Aston Martin Lagonda Global Holdings PLC ADR
For Britain's most famous spy, it may be "No Time To Die", but for his favorite car maker, the picture looks somewhat different. Aston Martin Lagonda Global Holdings Plc (OTCPK:AMGDF; OTCPK:ARGGY) is burning cash at a faster pace than any car chase, and new debt is becoming increasingly more costly. Therefore, it will eventually have to raise new equity. Several names circulate as potential strategic investors. In this article, I will explain why, despite the dilution, it will inevitably cause the issuance of new equity necessary in order for Aston