Why give up now? The look of the document is a sign things have changed. The board has gained in texture. The positioning of the business is bang on.
Yes they are expensive C-suites. As you would with 30 years /25+ Years experience.
This is by far my worst performer in my portfolio, they have huge debt, and have accumulated so many delays and problems along the way the market has given up.
That's when you buy a bargain. Sure it's a very risky play. It may turn out to be the biggest dog ever, doesn't matter.
At 11 Mcap, with a 100M project in the pipeline (which I dont like), with algae products now pumping out in established channels like Amazon, with cannabis due developments, and with biofuels (hemp biofuel is a huge winner).
There is huge potential.
That potential has not changed, and FY19 as per what they've written is the critical year. If no significant milestones is met this year, then this is over. if they meet any, then the business is worth 50M, aka 500% from right now.
Selling right now is reacting with emotion.
I'm tempted to buy more. Volumes have stopped, the worst case scenario is priced in.
Now people who got in at 50C, I can understand the anger.
AEB Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
