what I look at, is what has changed since this raise was announced?
shareholders are being diluted. yes. the sp has nearly halved, yes (sorry for those that have to sell at these levels)
but anteotech now has the finances to expand their operation with the production facility being expanded to 80k litres. the capacity to produce in house anodes to speed up testing. increase the capacity to support current customers thru their validation phase and add to current customers
last weeks announcement. we and ev1 and independent testing have confirmed an anteoX enhanced anode has reached 1000 cycles at above 70% energy retention.
the 1st production scale batch of anteoX has commenced.
so IMO the fundamentals have only improved in the last few weeks when we were trading at around 4c.
the question of managements competence is one for each shareholder to make. if you believe they aren't up to it there are hundreds of other companies on the asx to buy, vote against those up for election at the agm or wallow in self pity.
this is what our old employee said about last weeks announcement and the upcoming AABC next week
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