Today AED closed at $1.72 85% down from its high in mid October. Of the 81 trading days, 62 were down days in a seemingly consistent slide. There were 26 reports during this period.
Can anyone please tell me reason for such an enormous loss of share price? I read on Hot Copper that oil production is down and barely meets interest payments on an enormous debt. Is this the reason or is there something else?
Phone calls to ask Management of AED this question, result in a nice tactful reply "away for the day", "at lunch", "in a meeting" and do return phone calls. This is frustrating as the shareholders own the Company and management report to the shareholders and it would be nice to have factual data to explain why I'm loosing money.
I bought AED at 2.62 and doubled up at 1.95. I losing heaps but I'm a big boy and I've learnt to accept loosers along with winners. But I'm rapdily loosing my confidence in the competancy of certain members of management? . Can somebody please enlighten me.
Thank you for reading this and I you know the answer, I'd be most grateful for your response.
AED Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
