Ok, I'm sure by now people on this board are aware of the dubious characters of the management team within AEX ,namely Mr Waller and his croonies have been all been involved through various incarnations and outfits, activities which are certainly not in the best interest of its shareholders.
With that in mind, what are the possible scenarios are there for us existing shareholders?
1) You took a position during the runup/rundown at the 0.05s:
Hold and pray. Even if the DD project is a load of bollocks, rest assured our management team will continue to play the game and release good news until new sheeps come and join the pyramid scheme to prop the prices back to a higher price....at which point I would probably close my position and look elsewhere.
Of course IF the DD project is FEASIBLE, then rest assured our management team based on historical performances in the likes of CCI, NEO etc, will milk and dilute the hell out of their position until its worthless to everyone except for the directors (it wouldnt suprise me if further placements are put towards Aegis Partners Ltd so the company can raise funds to mine the U, and I suspect Aegis Partners Ltd is owned by Mr Waller or his wife)
By which time, the value added by the project would have largely being offset by dilution, placements etc to some outfit indirectly controlled/owned by the directors.
2) You either entered a position currently below the market price
Congratulations! You can keep riding this stock and take advantage of its ups and downs, because its in Mr Wallers interest to milk and dilute all potential shareholders for all its worth, and you certainly can't do that without having the prices go north to attract the lemmings.
Ok, I know this sounds negative overall and I have probably shot myself in the foot of ever recovering my losses (currently down %30 and still holding), but I'm abit tired of all the speculation, comments etc. But if I was in Mr Wallers shoes with my finger in every entity thats ever linked to AEX, and I'm a dubious character...well I would constantly go through a cycle of new project acquistion with exception potential, put some good news in, sell, dilute existing shareholders by siphoning shares to another firm (which is ultimately owned by Mr Wallers), more good news and sell.
This would probably go on until the pyramid has collapsed and nobody is interested, in which time a 'new' acquisition would be in place.
So why am I saying all this? Largely because I believe there are people on the same boat and want to confirm I'm not the only sheep out there, and also because I believe these guys (directors) should be prosecuted...AEX has been doing dodgy deals since 1998.
AEX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
