It is unclear why AEB went with La Jolla in the first place, as the deal was never properly sold to shareholders nor the market. It may be that the deal was done on the basis that it was effectively being used as bridging finance. There mus be downsides to the deal or it would not have been so opposed.
Surely Stroud as a former merchant banker with Macquarie has the connections and the nous to make solid deals?
My previous post on this matter was largely guesswork, but this is what speculative shares encourage us to do. We have to try to join the dots often on very little information.
It looks like there is a hiatus while AEB reorganizes and gets some funding in place.
Not to say the technology is not promising, it most certainly is, but this is a bit of a blip. There may be JVs waiting to run, but cannot before the IP is settled.
AEB Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held