As a speculator who was once an original investor in ede, when it was chasing coal bed methane in Wales, let me explain to remaining bulls the future here.
It's not good!
About a year or so ago I put my hand up for an ede placement at 2c with a free option deal. The day the shares and options were issued I sold them for a 15% gain...wise move.
I reinvested my gain into this rights issue only because I knew ede would save its neck by selling the USA property.
However the business model appears to be a failure, there is little commercial interest in the product and now they are punting the company on the extremely competitive , and corrupt, Indian market
Still you never know with these guys what announcement is around the corner!
As a speculator who was once an original investor in ede, when...
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