ADO 9.09% 2.0¢ anteotech ltd

Mark B bumping ADO, page-14

  1. 6,521 Posts.
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    From memory MB is getting paid around like $50 - $80k p.a as chairman of Anteo, which is cheap in my books given his experience.

    His work with ADO will only be worth his time if he gets to convert his options at a substantial premium. The first lot of I think around 5 million shares at 12 cents expires at the end of this year. It's all obviously under water atm given we just closed under 10c. More options were issued to MB recently but the strike price was substantially higher than the 12 cent options expiring this year.

    So for the moment, the ADO sp has a lot to do to make it worth MB. I can't imagine a man of his wealth would bother spending a few years at ADO to earn $50k p.a.
 
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