AED - AED Oil

[Enlightened108]

AED sure doesn't have much luck with CEO's.
Now Mr. Imle. An ageing (70?) coming across from shareholder Nations Petroleum and a former Bigwig President of Unocal. Imle is still working on damage control after the corporate vs humanitarian trial of the decade in the late '90s. When Imle led Unocal in its partnership with military dictatorship of Myanmar/Burma - there is compelling, ghastly evidence of its complicity in murder, rape, torture, and slave labor. That was after Imle testified to a U.S. Senate Committee on the wonderful things Unocal was going to do for the Burmese community.

His damage control was to help form the Business Humanitarian Forum in Geneva with a group of other famous transnational offenders ostensibly to improve the lot of LDCs when dealing with corporations from developed countries.
Poor AED - running out of money and options for finance. Puffin just a memory they're apparently trying to flog their 40% of. What value is Imle going to give to shareholders - except updates in market releases that drive the share price down further.
FYI:
http://americanradioworks.publicradio.org/features/burma/
http://www.ibiblio.org/obl/reg.burma/archives/199701/msg00275.html
http://scholar.google.com/scholar_c...XeSXKEJ:scholar.google.com/&hl=en&as_sdt=0,16
http://www.btinternet.com/~nlpwessex/Documents/kissingerunocal.htm

But I still hang on to a small parcel - a highly speculative bet.

 

[tech/a]

Popping nicely and under the Fundamental radar.
(Thats a techi speaking!)

 

[alexc2005]

Popping nicely and under the Fundamental radar.
(Thats a techi speaking!)

bloody hell i was watching this at 7.3c yesterday.

So depressed i didnt buy!! haha

 

[bbker]

bloody hell i was watching this at 7.3c yesterday.

So depressed i didnt buy!! haha

I don't see what's changed in the company since the last month. Suddenly 4 million shares traded today.

Other than something suspect like insider knowledge, is an sensitive event expected shortly or is this a pump and dump for the issue of placement shares?

 

[brokenback]

The shares have moved from 8c on Tuesday to 20.5 cents this morning on big turnover. No announcement by the company, no indication of a speeding ticket from ASX. Is there any chance of long suffering shareholders being able to trade this stock in an informed market ?

 

[tech/a]

The shares have moved from 8c on Tuesday to 20.5 cents this morning on big turnover. No announcement by the company, no indication of a speeding ticket from ASX. Is there any chance of long suffering shareholders being able to trade this stock in an informed market ?

Yeh learn to trade technically.

 

[alexc2005]

man, this is insane.

So much rapid growth.

Might see it get back up to the 2.60 i payed for it a few years ago hahaha just kidding!

 

[alexc2005]

I'm tempted to try and milk something out of this rise. However its holding me back that the company sucks and that as soon as the interest is gone so will the price.

Already turned 3k into 200 bucks with AED, don't wish to repeat..

 

[skc]

RIP, AED. You died such a young age. I didn't know you very well, but your chart showed that you had a very promising youth. What happened to you? How did it all fall apart? Were the investor expectations too much to live up to? It was only their fault that they made rosy assumptions about what is under the ground. And what happened in your final week? Many thought that was the start of your turnaround. You displayed a spurt of energy that hasn't been seen for years - but that sadly turned into false hope and the ultimate sucker rally.

RIP, AED.

 

[skc]

RIP, AED.

Just spent the last hour or so skimming through the thread. Absolutely amazing. 2.5 years running up to production, the next Woodside, ASX200 inclusion and a 20 bagger, only to fall >90% within 3 months of starting production.

A wonderful education on:
- Valuation of oilers
- Risk management
- Trader/investor psychology

Here are just a handful of samples.

https://www.aussiestockforums.com/forums/showthread.php?t=3374&p=229614&viewfull=1#post229614

https://www.aussiestockforums.com/forums/showthread.php?t=3374&p=229559&viewfull=1#post229559

https://www.aussiestockforums.com/forums/showthread.php?t=3374&p=229559&viewfull=1#post229559

https://www.aussiestockforums.com/forums/showthread.php?t=3374&p=230173&viewfull=1#post230173

Apologies to any posters up there who's still active.

 

[Enlightened108]

There has not been a real market in this company's shares at least up until recently. Reliable technical analysis is therefore simply not possible.
Former managing director Ken Tregonning's company Winlen is required to report to the ASX any share trades since it owns more than 5% of the issued capital. Winlen does not report trades in a timely fashion. It owned 11% on 17th Sept 10, but reported on 8th April that shareholding had been reduced to 9%.

But take a look at the dates and quantities of trades in Winlen’s Form 604 lodged 8/4/11 (it took seven months to report all the trades). For example, take the Feb/Mar/April trades, Winlen bought up bits of stock over about six weeks and then sold around double the amount of those purchases in one day: 2.5 mil shares.

The trading patterns look highly suspect. What has Winlen been trading since 8th April when it last reported?
There hasn't been a real market in this stock for a long time or at least up until the recent capital raising. Low average daily volume, a former MD trading heavily (compared to average volume), and, as a significant shareholder, not reporting properly, means that any technical analysis on AED was blatantly misleading.

Where's the ASIC when unscrupulous people are doing things like this? If any of you have lost money on AED, or have been trying to trade this stock, contact the ASIC and ASX and complain about Tregonning/Winlen's activities and have him, his wife and Winlen investigated. Winlen and its directors should at least be fined for not reporting trades in a timely way.
I hope that man and wife (company secretary) lose a bundle on AED. Some small satisfaction for small shareholders and would-be technical traders.

BUT, one more thing, "voluntary administration" is different to "in liquidation." It could be a tactic to trade on while trying to negotiate a more palatable settlement with Sea Production (headquarters in Norway), http://www.seaproduction.no/index.php?name=Current_Projects1, or at least buys time to prevent a fire-sale liquidation.
Nothing to do now but wait and see.
AED down, but not out yet.

RIP, AED. You died such a young age. I didn't know you very well, but your chart showed that you had a very promising youth. What happened to you? How did it all fall apart? Were the investor expectations too much to live up to? It was only their fault that they made rosy assumptions about what is under the ground. And what happened in your final week? Many thought that was the start of your turnaround. You displayed a spurt of energy that hasn't been seen for years - but that sadly turned into false hope and the ultimate sucker rally.

RIP, AED.

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