ADO 8.33% 2.2¢ anteotech ltd

AnteoTech renews AnteoBind contract with Ellume, page-136

  1. 1,017 Posts.
    lightbulb Created with Sketch. 84
    I wonder if this is a case of under-deliver and releasing the announcement was to avoid criticism?

    If it was not material then
    • there is no change in revenues to Anteo even though we expect a huge lift in orders to satisfy the expected Ellume production rate
    • The agreement struck is only short term?
    • Ellume are too busy with their recall and replacement program causing this to be a short term agreement. Note we will have to supply Anteobind for an extra 2.2M tests

    Which ever way you look at it the release in this manner was very poor indeed. Looks like it was not meant to get attention. The last distributor agreements were similar.
    Anteo publish your announcements via ASX so all shareholders can/get the announcement and not hide them.
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.002(8.33%)
Mkt cap ! $54.31M
Open High Low Value Volume
2.4¢ 2.4¢ 2.2¢ $12.59K 542.1K

Buyers (Bids)

No. Vol. Price($)
5 487271 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 200000 1
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.