They went with La Jolla Cove in the first place at the same time they raised money from Patterson's (welcome Tretch). They could raise money, $100k - $200k a month to cover running expenses at a low interest rate while AEB got their plants up and running. It was a good deal for the company and it was felt that the continuing flow of good news, quadrupling of the production capacity in Atlanta, signing of MOU's with the Chinese and later others, would keep the sp high and LJC's conversion rate of notes to shares decreasing. But the Patterson deal killed the sp which hit its high the day before the trading halt when the deal was announced and LJC has taken more shares than management may have liked. But in terms of being sold to the market, you are of course right and HC has been filled with complaints since the deal was effected. But funding remains a huge issue and I have no idea how they are going to remain viable with no satisfactory source of income now and a 3rd party validation that continues to be elusive, and this before we begin talking about gearing up to commercialization.
AEB Price at posting:
24.0¢ Sentiment: Sell Disclosure: Held
