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abrdn Emerging Markets Equity Income Fund Inc T.AEF


Primary Symbol: AEF

abrdn Emerging Markets Equity Income Fund, Inc. (the Fund) is a non-diversified closed-end, management investment company. The Fund's investment objective is to seek to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. The Fund invests in a range of sectors, including information technology, financials, consumer discretionary, materials, industrials, communication services, energy, consumer staples, utilities, real estate, health care, private equity, and short-term investment. The Fund's investment adviser is abrdn Investments Limited. abrdn Investments Limited is an indirect, wholly owned subsidiary of abrdn plc.


NYSEAM:AEF - Post by User

abrdn Emerging Markets Equity Income Fund Inc > Wow, such a disaster here...
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Comment by nini222on Sep 29, 2018 7:05pm
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Post# 28715680

RE:RE:RE:Wow, such a disaster here...

RE:RE:RE:Wow, such a disaster here...Sorry to say there is nothing left to play out. This is a failed company. It's been gutted because there lenders made them sell of their assets. An awful management team to say the least. Melman is a scam artist (and tax cheat) who fouled many, myself included.

My guess is they are trying to sell or "transfer" the remaining assets to some group of shareholders and repay the debt with little ot nothing left over and then it becomes a shell that someone will use for a reverse takeover.

A joke. The warrants are obviously worthless as this is never going to see $11 or w/e the strike price is ever.
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