Thanks for setting me straight peaky, I feel better for the feedback.
A matter of perspective I would have thought though. Management are usually comfortable with their situation as they toil away to achieve their goals. It's their job to present a confident and positive demeanour, but sadly it's not a given that all aspirations are achieved and confidence rewarded.
Anteo management led shareholders to believe that success, riches, and paradise were imminently close about a decade ago. More recently, in relation to Covid/EuGeni/TGA, shareholders were delivered into a state of rapture at the thought of EuGeni readers distributed to the four corners of the earth as the once in a lifetime company making opportunity unfolded. And we all know how that ended. Management were probably confident of success at that time too but again the holy grail proved elusive. To say that management were economical with the reality of the situation at that time is something of an understatement I would have thought.
Batteries, binders, improved electrical performance is the new hope and by all accounts the Anteo team has made outstanding progress both in terms of overseas industry recognition and in securing a couple of awards locally. Excellent stuff and shareholders, myself included, are hoping this success translates into sales, contracts, higher profile, ongoing recognition, expanding markets, future applications and most importantly, a higher share price to provide a return for shareholders on their investment.
Will this happen as we all would like? Time will tell and if management don't appear confident and don't expect to increase revenue in the future, then we're all well and truly ****ed.
Thus far the company has milked/encouraged shareholders to engage in the time honoured tradition of capital raising. Paint the picture, outline the dream and we all sign up. This public largesse has kept the company afloat. Anteo recently received its annual R&D Tax incentive refund. This government largesse has kept the company afloat. Anteo generates a meagre income, so little I can't be bothered finding the exact figures. This income does little to maintain Anteo as a going concern. Some options expiring next March I think. Not far away and at 3cents to convert, the current share price would not make them that attractive.
The company is making the right noises, increasing the payroll with new hires, performing on the world stage, doing their best to enhance their products to make them financially irresistible, but as yet there is no deal. The company is spending, spending, spending at the moment and also tightening their belt by curtailing activities where there is no short term reward. A lot of money going out and 3/5 of 5/8 of ****all coming in. There is only way this can end unless Anteo's current management can go where no previous Anteo management has gone before. And that's to the bank with a tidy profit from substantial sales.
As a shareholder, I hope like hell they can deliver this time and that researchers like Capt B et. al. can finally be vindicated and rewarded for the time they've put in to educating the Anteo forum.
Until then Peaky, I'll stick with my financial tightrope expression but hope to introduce a more positive descriptor sooner rather than later.
A matter of perspective I would have thought.
Merry Xmas all.
ADO Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
