You are absolutely correct Jeff, the tactic is obvious and has been for the past few years it has been happenning. I am amazed that ASIC hasn't asked any questions as yet. Given that no targets put forward to the market by ATG have ever been achieved by this MD how can the shareholder remain convinced and positive for the future. Writing favourable reports to the market and giving uplifting impressions is easy, fooling the balance sheet is not that simple.
Will the initial unit order for the JV deal be achieved by the date first announced to the market, absolutely impossible. The situation is relatively simple when looked at from a completely neutral position - the technology is very very clever indeed, however the market that needs to be convinced has actually moved on. It may suit a small 'hot rod' market but even then not for long. The sooner ATG realises that this technology is best suited to industrial applications and moves in that direction the sooner the long term position of this company will be assured.
ATJ Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
