It's pretty amusing to see the same people posting the same hyper-positive talk again and again. I'm surprised pwu hasn't overloaded HC's servers with all his/her supremely optimistic posts.
The simple fact of the matter is: AEJ has a huge amount of equity, but it's NEGATIVE equity. Would debt be trading at 75c/$ if there was even a reasonable chance of a full 100c/$ return? Heck no.
The only reason AEJ hasn't been liquidated already is that the debt holders would prefer not to create the perception of a fire-sale. It certainly isn't because the directors think the company is worth anything!
All the carry-on in the world about 10c, 20c, 50c per share- it's poppycock. You might get 1c, max. You may recall that BBI's holders got just 4cps. And that was for a company in a much less precarious financial position. BBI's debt to equity ratio was 98%. Last time I checked, AEJ's was 172%...
Smart people, get out while you can. pwu, please keep buying to facilitate their exit.
best
FD
AEJ Price at posting:
5.8¢ Sentiment: Sell Disclosure: Not Held
