Even though AEB says there is a 'binding' MOU, it can be a lot of fun trying to enforce even a contract in China if one party defaults, not sure how they would go with an MOU. My guess is not too well. MOUs are pretty much statements of intent, and finer detail gets put into contracts. Kudos anyway for having any form of agreement in place. China is going to be interested on so many levels...and that gives me confidence.
I cannot see how AEB will continue to have the status of 'under the radar' if a publication like proactive investors is pumping it.
Bought in today uh i mean the 3rd April, not substantially but I am in. Waiting for some other investments to mature. Still have a few questions like status of the patent applications in mind but these guys did not come down in the last shower and I am hoping they have done their homework on the patent applications.
AEB Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held