This sums it up very nicely. Even if they get their money, as usual, the vast majority of available funds will go into their own wages, almost nothing into anything even arguably potentially of value, there has been virtually zero income (usually literally zero), and if successful, despite all this, they're still going to be in need of a capital raising immediately after the capital raising! That being the case I just can't see how anyone would choose to send money their way.
You've summed up the figures very nicely above. I usually focus on the conceptual side of the AEB picture these days (doing the numbers just seems redundant at this point!) but even if you want to ignore the concepts, just looking at those raw figures you've provided makes it seem almost impossible that anyone with a lot of money could miss the situation. Even if someone gave them everything they asked for they'd still be in the position of needing another capital raising!
As some here know, this isn't the first company they've played the same game with (come up with a catchy idea, get people to throw money at it, pay themselves big wages from those investor dollars, provide nothing, get rich, close the company when it runs thin) and I'm wondering if they'll do it yet again once AEB is gone. My gut instinct tells me they won't try again because it's all so obvious, but then I remind myself that about 7 years ago when I started watching AEB I wouldn't have thought the AEB game would have worked, especially for this long, I know I wouldn't want to be doing it (don't get me wrong, I'd love the money they make! I just wouldn't be willing to play that game) but AEB has taught me things, and it now wouldn't surprise me. It has also taught me that no matter how obvious things get, no matter how clear the picture is based on the company's history or the history of the people running a company, there will always be new investors coming along who won't put the effort into researching, and once they've put their money down, most of them unconditionally believe the story for a long long time. If they start a new company, all the history will be forgotten. There may even be some burned AEB investors who see the new company as an opportunity to make their money back! It's somewhat reminiscent of problem gamblers who continually bet on the roulette wheel, hoping to recover their losses on the same thing which keeps burning them. You can explain that the odds will always be against them, but those people just can't see it.
AEB Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held