ADO 4.76% 2.2¢ anteotech ltd

Ann: Anteo Files Patents in Electrochemical and Related Fields-ADO.AX, page-77

  1. 206 Posts.
    Of course it could just be the FCM have sold and just not filed the 604's and or 605.
    What's the penalty for not filing?? Nothing or SFA??

    But given they are supposed to notify within 2 days and are closely related to board member and CFO that would be somewhat unethical IMHO.

    I took it from the announcement of Geoff's retirement that the CFO position was also up for grabs, so maybe RM has been given marching orders too and sold out???

    "Dr Cumming commenced his tenure with Anteo in 2009, initially as CEO, before being appointed to the Board. He will assist the Board during the next six months as Anteo transitions to the new CEO and structure which will include the recruitment of a Chief Operating Officer and Financial Officer based in Brisbane to support the further commercialisation of Anteo’s platform technology."

    Directors Mr Mark Bouris Non-Executive Chairman
    Dr Geoffrey Cumming CEO, Executive Director
    Mr Richard Martin CFO, Executive Director
    Mrs Sandra (Sam) Andersen Non-Executive Director
    Dr John Hurrell Non-Executive Director

    Given that the bulk of the selling appears to be institutional type activity (Morgans etc) and bulk of buying retail (Commsec & Etrade) I certainly doesn't feel like full disclosure obligations are being met.

    All just IMHO and my take on joining squiggly dots.
 
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