I'm with Sdaji on this one. AEB is spending share holders money...

I'm with Sdaji on this one. AEB is spending share holders money like there's no tomorrow.

Since the launch of FeedMe™ in April 2017, the product has established a reputation as a trusted, high quality brand in the growing North American aquarist market. The entry into this market has initially been through both powder and live products, with demand from retail customers growing month-on-month. Algae.Tec’s FeedMeTM high Omega-3 products are currently on-the-shelf in five retail stores in the Southeast and over 50 additional retail stores have been supplied and are undergoing product testing and evaluations. The FeedMeTM product line has been introduced at three major marine tradeshows to-date with direct product sales and excellent customer feedback having been received.

Hang on; the product has "established a reputation as a trusted... in NA. And they are making this statement based a sample of 5 retail stores? oh and the trade shows (which they paid to be part of)?

Travel expenses (251,902)
Administration Costs (180,756)
Professional fees (other) (246,450)
Consultancy expenses (567,151)
The Group incurred a loss after tax for the half-year of $3,628,775 (2016: $2,431,536) and net cash outflows from operating activities of $1,097,159 (2016: $426,142). As at 31 December 2017, the Group had a working capital deficit of $190,904 (30 June 2017: deficit of $4,598,738). These conditions indicate a material uncertainty that may cast significant doubt about the ability of the Consoldiated Entity to continue as a going concern.

They spent over a MILLION $ in 6 months on professional services and consulting. Are they kidding me? The company had a loss of ~$4m, they have high interest loans, continually ask for more money from shareholders and then they go and spend a million in 6 months on consulting? with travel expenses of 1/4 million? first class to the Hawaiian islands most likely.  And with this in mind, they are currently have a 12% loan that's over due(?)

16,000,000 Employees/Directors Options exercisable at $0.09 on or before 30 June 2019
On 9th January 2015 the Company entered into an agreement with China Finance Strategies Investment Holdings Ltd. (“CFS”) under which Algae.Tec issued an initial USD 500,000 convertible bond. In addition, subject to the achievement of certain milestones further conditional options of 5,000,000 will be issued to CFS. · The Bond Amount is unsecured · Interest is paid annually in arrears at a rate of 12% per annum · The agreement is for 18 months expiring on 9 July 2016, and as at 31 December 2017 is past due and payable.

AEB is taking advantage of shareholders, and i'm not sure how you can think otherwise. Based on my small amount of research, they have never delivered and keep on asking for more $. Continually over promise and under deliver.

FYI - I bought the stock a couple months back as a short term gamble with a small amount of money; also having done no research. I typically only buy based on fundamentals and thought i'd jump in for a minute on this one - not sure why? Having taken a hit, i thought I'd do a little research but Jesus, this is crazy.