ADO 4.55% 2.1¢ anteotech ltd

Ann: Change of Director's Interest Notice, page-55

  1. 4,283 Posts.
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    Wow, that is deep shit. His brother in law was quite wealthy and no doubt put quite a bit in, and if it was a million bucks at 12c, he has lost 900 grand.

    Anyway, I made that mistake once and will never passionately and seriously recommend a spec stock to anyone again. They can figure it out themselves. The risks are too great. In fact the chance of the downside happening are higher than the upside on almost all specs so don't burn your friends and family money so you can blow your own trumpet. Ego at its worse.

    This does show that MS was not 'pumping' the bejesus out of the stock. He was a believer all the way. Many times I told this forum and myself that if this guys believes, then I believe. Very convincing arguments around the clock on many levels. I don't know the science behind this stuff.

    It was just not possible to anticipate what a screw up management made of the financing of the Diasource deal and the inability to close a deal with Phillips.

    Although with hindsight I don't think it was really on with Philips. They would have come back to us to save there device before they ditched it all. They didn't come back.

    BBH was bad luck. Bad timing. Then again the whole diagnostics thing could very well be a massive flop.

    It is pretty much dead to me anyway. $50K revenue for a whole quarter after all the testing done by the numerous opportunities. No one is buying mix and go. Or maybe it is so good, the lab technicians all said its crap just to save there jobs !

    Whatever the truth it, it is not generating sales !

    Its battery tech or bust now, as far as I'm concerned.
 
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