Agree - very disappointing and frustrating. So far he's sold ~ 37.5m shares or ~ 27.5% of his holding prior to the selloff which started last November. IMO he has committed to the board for an orderly sell down and his selling patterns/prices so far suggest that. Problem is if his intention is to sell out completely that will make it more difficult to attract money with another CR in the short to medium term. I would hope/assume he isn't allowed to sell during a capital raise period. The other problem is at the current sell rate in would take the remainder of 2023 to get out out completely. This means the major milestones announcements we are expecting to see this year may be sold into as everyone knows the prince will be selling. Let's see if he sells in three weeks prior to such an announcement or after ....
Some positive news: (Via Google Translate)
Heidelberg (pta021/03/07/2023/11:40): Altech Advanced Materials AG (hereinafter also "company") (FRA: AMA1) announces that the issued Zero Coupon Convertible Bond (see announcement dated February 9, 2023) in the total nominal amount of up to EUR 3,531,250.00 was fully subscribed. This Zero Coupon Convertible Debenture is divided into up to 3,531,250 fractional debentures Nominal amount of EUR 1.00 per bond (hereinafter the "convertible bond"). Every recipient of Convertible bond for each EUR 1.00 nominal value also receives a free of charge from the convertible bond severable option right of no par value (hereinafter the “Warrant”) entitled to purchase one share of the company at the issue price or subscription price of EUR 1.00 per share (“option price”), or at your choice of the Management Board of the company, entitled to a cash settlement. The two securities with the ISIN: DE000A30V6D9 (convertible bond) and the ISIN: DE000A30V6E7 (warrant) will now promptly be sent to the drafter delivered. Payments that were made to the company due to the additional purchase, however due to the oversubscription of the convertible bond, are sent to the affected Subscriber repaid shortly. The Notes will mature on July 31, 2027 (“Maturity Date”) redeemed at their face value unless previously converted or repurchased and cancelled are. The Warrants have a term until July 31, 2027 ("Expiration Date"). https://www.altechadvancedmaterials.com/wp-content/uploads/2023/03/2023-03-06_-CN_Wandelanleihe_AAM_V03-clean.pdf
