On the issue of progress or lack there of, it needs to be...

On the issue of progress or lack there of, it needs to be remembered that AEB only listed on 13th January 2011, so come January 13th next year it would have only been a listed company for five years, a very short period of time for any company yet alone a company with such a revolutionary technology as AEB.

What encourages me to continue holding are the four short-term share price catalysts that appeared in the latest Operations Update as follows:

* India: Commissioning of the plant is to be completed this quarter.

* Atlanta: Initial commissioning of the plant is on schedule for September whilst it will ramp up to full capacity by the end of the year.

* USA: The company is continuing the certification process to achieve Certified Organic status in the US, ensuring the maximum pricing of nutraceutical algae.

*  Global: The company continues to negotiate with a number of strategic partners for the implementation of its technology in a diverse range of geographical locations. Announcements to the market will be made once these discussions progress to specific agreements.

Any progress on #1, #2 and #3 in conjunction with one another, or#4 above has the ability to double the share price overnight from its current low levels, whilst if management pull off all four the share price could be a five to ten bagger from current levels and that's in the short-term alone.

What really underpins my investment in AEB going forward is its relationship with Reliance and it remains the single biggest reason why I am still invested in them. Put simply, as things stand now, for as long as Reliance, a Global Fortune 500 Company, is interested in AEB then so am I.

I'll be back if or when any news is announced to the market regarding the company initiatives listed above.