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$2.57 affinity energy and health limited

Ann: Quarterly Activities Report and Appendix 4C, page-26

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lemons

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16/11/17

14:53

Post #: 28857059
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Originally posted by Surandy70 ↑

No probs, just was ensuring my comment was taken as it was meant, ie in reference to putting Sdaji on ignore.

If you are new, some backstory of how I discovered AEB and Sdaji (never crossed paths with him before AEB and it is the only common interest I am aware of)

I invested in a company called Natural Fuel (NFL) which had Richard Stroud as MD from memory, they were big on selling the story of biofuels produced from palm and soy oil but went under before their biodiesel plant in Singapore could be commissioned (around 2007 from memory). Note that as part of their administration the completed, but not commissioned, Singapore plant was sold off and years later had been mothballed.

Before going under they were espousing the best sources of oil inputs to produce biodiesel with algae being number 1, a distant 2nd was jatropha (a noxious weed banned in a lot of jurisdictions) then palm, soy, etc.

Because of having an interest in the biofuel story a few years back I was curious to see how others in the Australian biodiesel scene from the mid 2000's were going but was unable to remember the ASX codes however chanced across AEB so did some research.

I questioned their claims and story on here as they did not seem to stack up and was attacked, much like Sdaji gets attacked. I dug further and discovered that one of AEB's co-founders was Richard Stroud and realised that this was the same bloke that helped start NFL. He has since departed AEB much as he did with NFL (about a year or so before they went into administration). In his AEB bio he mentioned that he had experience with biofuel companies but he never actually admitted which ones, as it was 3 or more years after he had ceased being a director of NFL he had no requirement to disclose that directorship to AEB shareholders.

As for the current board, I suggest you look closely at AEB's annual reports and take a look at all the related party transactions as well as their huge administration costs.

People come on here and try and talk the company up, but like Sdaji mentions the company does not deliver and the share price sinks further and those people slink away often never to be seen on AEB threads again. Exception being Algaegirl who made a bet with Sdaji about the shareprice. Sdaji's part of the bet was that the shareprice would drop under 3.5c and lo and behold it is now 2.2c well under his prediction.

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Stroud was a director along with Rowley and chair Hewson. They left in protest to the direction the company was taking. A year or so later the company folds, so maybe they were right. Stroud was an original founder of AEB but left about 4/5 years ago, and forfeited shares (some sort of complex arrangement with other founder). The common denominator to both companies and "winner" is .... McConchie who is the major shareholder and continues to make mozza$$$ for himself and family. Checkout the quarterlies

AEB Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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