I find it strange that the quarterly states that they have elected to do a rights issue to all shareholders.
Then less than 90 minutes later they announce a trading halt due to a "potential " capital raising.
Why only a potential raising when the quarterly was quite definite that a raising was going to be done and why didn't they announce the trading halt at the same time as the quarterly?
The timing and the wording makes me think they got wind of problems after the quarterly was announced.
Combined with the subsequent suspension and extensions makes me believe that AEB is finished.
AEB Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
