What I like is when you phone the company they just lie to you. All the optimism in the world and the share price goes through the floor. Every issue is at a price lower than the last. The number of shares on issue is huge.
At some point they may succeed but no one other than the directors have any idea when that point will be.
When people originally invested 2013 was the target date for maximum production, but I think there have been at least three or four doublings of the numbers of shares on issue. That completely stuffs up the calculations for the original investors.
This is reverse investing. Every year the shareholders give the directors a dividend.
APB Price at posting:
1.5¢ Sentiment: None Disclosure: Held
