ADO 0.00% 2.7¢ anteotech ltd

Ann: Option Exercise, page-8

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  1. 2,256 Posts.
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    Well that was underwhelming. After several months of collectively holding our breath to see if the options were largely exercised, they were, and we move on. I thought their might be a tiny uptick in the sp, but so far, nothing.
    60million extra shares on the register to slowly drip feed into any bids. At about 2mill per day that will take another 30 trading days to clear.

    AnteoTech CEO David Radford said: “We are delighted with the outcome from the exercise of options and thank shareholders for their recent support. This is a strong validation for the Company’s recently communicated growth strategy and the funds will be used to accelerate the commercialisation plans across both Life Sciences and Clean Energy divisions."

    I hope their acceleration of commercial plans happens at light speed. April already and the good ship Anteo is still in the doldrums, despite shareholder dreams of super yachts.


 
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