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2.4¢ anteotech ltd

"first operating subsidiary" suggests that this could be the...

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wobby

98 Posts.

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26/08/15

09:54

Post #: 15876580
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Originally posted by blindfreddie ↑

This was the highlight for me:

DIAsource Managing Director, Dr. Jozef Vangenechten, added: “This is an exciting opportunity for DIAsource to become part of a global stock exchange listed parent company, and we’re happy and honoured to be the first operating subsidiary company chosen by Anteo to become part of its new growth strategy. With decades of experience in immunoassay development and manufacturing, we believe in Anteo’s Mix & Go technology and look forward to the opportunity of showing and harvesting its benefits in our industrial immunoassay manufacturing. We will continue to work closely with Anteo over the coming months to bring the transaction to a close.

* "first operating subsidiary"

* "With decades of experience in immunoassay development and manufacturing, we believe in Anteo's Mix & Go technology"

Why would a profitable and rapidly growing business sell unless they believed there was a synergy that would help the combined entity grow even more rapidly?

[uncorks champagne]

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"first operating subsidiary" suggests that this could be the first step of a much bigger plan. Maybe smaller players combining resources for mutual benefit?

Im happy to hold and wait and see

ADO Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.002(6.82%)		Mkt cap ! $56.77M

Open	High	Low	Value	Volume
2.2¢	2.4¢	2.2¢	$54.24K	2.388M

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No.	Vol.	Price($)
4	301724	2.3¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
4	301724	0.023
3	340301	0.022
8	1458170	0.021
12	1946809	0.020
8	1129867	0.019

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0.024	124809	2
0.025	240865	5
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0.029	34000	3
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