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26/09/14
09:45
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Originally posted by samfiodiving
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As most of you know I am an avid supporter of both Mark and Anp
Ok so we obviously are in need of cash over and above what we have left in the kitty and the R&d rebate that we have not touched yet from the draw down facility and is due on the books in November
SO TO THE CR
A $2.5 million capital raising – comprising a A$1.0 million Placement and a A$1.5 million Share Purchase Plan (SPP)
1. Placement was over subscribed with strong interest from sophisticated investors
Well is there any wonder, where we sit with our pipeline.
@ 11.5 cents OBVIOUSLY the bar was set to low
If they were sophisticated investors with a strong interest.
Where have they been these last months as our SP has languished in a flat line
You or I could be classed as sophisticated investors @ 11.5 WHAT A JOKE.
Where were these so called sophisticated investors when you and I genuine investors had our balls on the line before the outcome of the trials for 1103.
If 1103 had failed where would those investors be, yet we reward them for jumping on now at a huge overly discounted SP .
WHAT A JOKE
2. Board and Management of ANP have participated in the Placement for $100,000 and also intend to participate in the SPP (Directors’participation in the Placement is conditional on Company receiving shareholder approval at the upcoming Annual General Meeting)
NO ISSUE WHATSOEVER WITH THIS, GREAT OPPORTUNITY TO SHOW SUPPORT
DESTUM Jump on board to what value we are not privy to, but as KP alludes to they haven’t jumped on board a loser.
HAVE THEY
3. The Company is pleased to acknowledge the strong on going support of some long term shareholders, new investors and Patersons Securities Limited who has been appointed as Lead Manager to the Placement and Lead Manager and proposed Underwriter to the SPP
NOW HERE IS MY MAJOR GRIPE Lead manager Patersons Securites
I will say here and now the only time except for the Tox release, I have ever exchanged words of disagreement with Mark in conversation, is over the above, Patersons securities.
For obvious reasons I wont go into everything, but one thing I touched on was the shortfall and why we were not offered the option to take up any of the shortfall.
I was given an explanation to this day I did not agree with.
NOW SOME MONTHS LATER
Here we are again with those exact same issues.
Someone made mention that they would double there application to $30k.
well im sorry whomever it was, you are not allowed to do that.
ALL SHORTFALL WILL GO TO PATERSONS
Now if you have an issue with that then please call the office for the life of me I cannot understand why ( well I do but I cannot say on a public forum)
I was under the impression as per the Recent Ann that
DESTUM are currently advancing ANP’s project partnering plans, whilst also considering other opportunities to create shareholder value and ACCESS DEVELOPMENT CAPITAL such as potential mergers and acquisitions
SO WHY ARE PATERSONS LEAD MANAGER I was of the impression that both BUCHAN and DESTUM through their contacts were going to bring true investors into ANP
INSTEAD WE HAVE BEEN SOLD OUT TO CHEAP TICKET HOLDERS.
Personally as an investor I would have been happy to pay, and happy to have seen the raising done @ 13.5c with 1 free attached oppi based on the last issue of the oppis @ .012 Giving a true value of $14.7c
This I personally would have been happy to pay
You may say more dilution maybe so but on conversion those 21,739130 free attached oppis would have generated,
capital for ANP to the sum of $5,869565.00
AND ALSO AVOIDED THE 21% loss in value of my ANP holding today which is going to take some clawing back without major news
Will I take up my $15k allocation
YES
somehow I will drum up the money
For the FIRST time I will not be doing this to support Mark or the company.
I will be doing this for all fellow holders large and small
so that these CHEAP TICKET HOLDERS do not get their hands on my entitlement
Mark please do not insult our intelligence by calling these people SOPHISTICATED INVESTORS
My question to you Mark when will we be done with these people
Like I have said before you all know my sentiment there is know one except maybe GASSY whom has more passion for this company.
but how much longer do we stand for this garbage.
Now lets get over this disruption and move on
GO ANP
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I understand Sam.
While the company did what it had to do to remove any uncertainty moving forward , they are now stronger and closer to their endgame than at any time since I have invested anyway. Just because they had to raise at 11.5 doesn't change what I think my shares are worth now or what I think they will be worth once a deal with 1103 is signed .
Im still staggered by the level of interest but seeing as there is only one other competing drug in this area it really comes as no surprise.
Fda meeting in a few weeks where they were expecting this to run in tandem with partnering talks on 1102. So hopefully they can pick the ball up there and give us some feed back on where negotiations are at.
All the trolling in the world won't change the fact that either one licensed out will be a company changer and deliver the value we have all been waiting for and with over a dozen interested parties for 1103 that could happen on any given day moving forward.