ADO 0.00% 2.7¢ anteotech ltd

Sanctimonious witterings, page-7

  1. 5,891 Posts.
    "Obviously FC arranged a funding deal secured by their shares in order to underwrite and we are where we are"

    Question is - Do they benefit from some type of short selling type scenario

    eg Selling X amount and then buying back at a lower price

    The share price has been trashed as a result of the FC arrangement by the looks of it

    Yes it may have helped finance Diasource - but the outcome for sentiment of shareholders who stumped up at 7.5 cents doesn't help

    Market sentiment etc in the short term is judged from Share price as an indicator for company progress - Nod doubt there have been things going on but the only reason we are this low is because of the mountain of shares that has been sold by the largest shareholder in order to finance their rights purchase (by the looks of things)

    So while sentiment may be low mostly because of the trashed sp - I really dont think a post acquisition fair value of the Anteo sp has been achieved because of the large selling to fund the rights

    Question is - What level will the sp go to when the selling finishes and is there any shares that need to be bought back as part of this "funding" arrangement?

    I have no further comments for now

    Sentiment : BUY

    Price : Stupidly Low

    Reason : Bucketloads of shares sold to fund their rights

    Thought : Who is buying back all the cheaper ones
 
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2.7¢ 2.9¢ 2.7¢ $17.68K 634.1K

Buyers (Bids)

No. Vol. Price($)
7 541015 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 4693635 4
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