AAE agri energy limited

Well there was also an announcement today that the "Share...

  1. 752 Posts.
    Well there was also an announcement today that the "Share Purchase Plan" closing date had been extended to October 8th ... but that is only for shareholders paying by cheque, the BPAY date has not been extended.

    I'm only assuming they think that all the "cheques are in the mail" ... and that is why no one has purchased any additional cheques.

    But a more realistic explanation is that the Underwriter is putting pressure on AAE because they are a bit reluctant to pay $3,000,000 for $2,500,000 worth of stock.

    It could also be noted that the delay to the Beatrice Biodiesel Plant was only announced today ... I would suspect they knew about the 8 week delay 4 weeks ago, when they announced the share purchase plan.
 
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