On May 30, 2025, AGS informed the stock exchanges that it would not be publishing its financial results for the quarter within the mandated timeframe.
“Company is experiencing personnel shortages due to vacancies in various departments, including the finance department,” the cash-strapped ATM manager wrote. “As a result of the personnel shortages and the vacancies in the board and the audit committee, the management is unable to compile the financial data of the company for the reporting period, and consequently, is unable to initiate the audit of such financial statements.”
The cash manager had initiated discussions with lenders for restructuring of loans, started negotiations for stake sale in subsidiaries, and was trying to improve…