It makes sense that the company would be worth less in the eyes of investors. They failed to deliver on energy, they broke their promises. Then they did the same with stock feed, they did the same with nutriceuticals, and rather than coming good on anything they've already failed on and lied about, they are starting yet another project, growing marijuana in Africa, with no proven track record of anything but failure, nothing to indicate they have a real chance in this new venture (they are not well resourced compared to their competitors and their competitors are not only years ahead with growing, experience, marketing, networking, etc, they are established and credible.
I maintain as I have for years that AEB will never turn a profit on any project, the only thing they are good at is raising funds from investors. This allows them to make a lot of money for themselves but shareholders will always get burned in the long term.
Each move they make makes this more obvious to everyone.
For the price to go back above 3c there needs to be a credible claim about the future (they must be all out of credibility, surely) or actual results, which they have more consistently failed to deliver (maybe failed is wrong term because it means they actually were trying to succeed - I don't think this has ever been their plan, they're making a stack of money from naive investors and real results aren't necessary for it to continue).
It's pretty funny that people dumping their stock at all time lows is spun into a positive! Good job, midmid!
AEB Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
