It's a spec stock, someone will always call it a dog whilst others a potential multi-bagger and of course someone will be right one way or another, everyone has their reasons for sticking around after selling out regardless of whether they lost out or made a fortune but from where I stand it's more than fair to criticize AEB's recent performance and unfortunately this seems to be seldom done by holders of many spec stocks as it is always easier to see the upside potential when holding and ignore the cash burn rate every time a 4C drops.
I'm quite surprised this is actually up on the release even if only by a pip, I guess at the mid 1c's range this is seen as a worthy punt by some but I'd certainly be weary of the back door exit if they keep churning through funds like this without making any meaningful headway on actual revenue.
AEB Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
