AEB affinity energy and health limited

Ann: Quarterly Activities Report and Appendix 4C, page-5

  1. 12,397 Posts.
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    So many questions as always.

    How is it that they had $10k at the end of December and after borrowing yet more money to pay the inflated overheads finished the quarter with $14k yet they received interest of nearly $25k in the quarter?

    $208k receipts from customers, is this sales of product or provision of equipment and services or something else entirely?

    Again, how can they have undrawn facilities of $5,000,000 with Magna Equities yet the quarterly states that overall finance facilities total $9,143,818 with $4,493,818 drawn as at 31/3/19. According to my maths that leaves an amount undrawn of $4,650,000.

    Corporate costs slashed, not like they had a choice with the cash constrained situation they keep themselves in. Still burning heaps of cash with no substantial revenue expected (if they can somehow survive) until at least 2020.

    The Malta part sounds like the authorities there have offered them a parcel of land for their use but AEB is not entirely happy with the offering so are trying to find alternatives?

    What's going on with Reliance and the pilot biofuel plant in India? Going the way of the Uruguay operations? And sounds like the Atlanta facility is heading the same way, not sure why anyone would pay AEB for that white elephant.


 
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