Auditors' reports are often quite puzzling. I think we've all...

Auditors' reports are often quite puzzling. I think we've all seen examples where companies suddenly drop off the perch without the auditors having given warnings, even though all the obvious signs were right in our faces for years prior.

It is pretty crazy, reading a lot of what AEB puts out. They claim to have solid validation of their technology then go back to establishing another pilot plant to validate their technology. It's just par for the course for AEB.

One positive (sort of) thing I'd say about them is they have management very savvy at securing funding, so I suspect they will be around for some time to come. Of course, I can't see that money ever going towards anything useful, I am sure the share price will continue to fall. I think it's pretty obvious that bringing in funding will simply dilute shareholders and allow management to keep drawing a big fat wage, and I can't see the situation changing, with shareholders continuing to watch their portfolio values drop. I have little doubt that after the eventual closure of the company, the same people will starting yet another new company to continue the same process with a new group of investors, who will lose their money too, while management collects huge wages.

People buy into these companies hoping to help save the world or whatever, and such people are generally difficult/impossible to show the light to, even after management has run off with their money and the company no longer exists.

I am interested to see if they can keep this company going for long enough to warrant a share consolidation, or if the end will come before the share price gets down to a small fraction of 1c. I'm guessing they could quite likely keep the share price around 1c for another 2-3 years if they can secure more funding.