Last year, Aston claimed against Nebula for around £15 million for the nonpayment of deposits that it had collected for Valkyrie sales, which Aston alleges it failed to hand over.
Nebula also indicated that it is prepared to work with Aston again if it keeps its commitments, but Stroll, who had long known what was coming and who has long been bullish about his chances of having his day in court, doesn’t appear to be remotely interested. With the court cases live, he has to choose his words carefully, saying: “We are confident in our legal position and believe their counterclaims are retaliatory and without merit.
This really matters to Aston, because even after its recent fund-raising round – which has diminished Aston’s value to the point that one share is now worth about 2.5% of its launch valuation in 2018 – Aston’s finances remain precarious, its reduced debt burden still significant enough to be a millstone and its cashflow in the spotlight.
Sorry mate but my 12yo writes better precise than this. You really are in the wrong job!!!!
Jim_Holder There is nothing new in this report. Are you running an article about the extra stake Mr Stroll has taken in Aston Martin Lagonda to balance this reporting out?
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Seems Mr Stroll, yew tree et al have very deep and confident pockets.
Anyone would think that Aston are in the wrong with this case. Aside from that Geeley would be knocking PIF's nose out of joint - they already have a larger shareholding.
Autocar really loves a negative Aston Martin story. Surprising this is released after a 20% in share price yesterday. Do you want 1000's of British workers out of a job? It's ongoing litigation and Aston and Stroll may be in the right. Way to spin this old news.
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