it's a no vote for me for resolution 3 raised $6.4m qld gov't...

it's a no vote for me for resolution 3

raised $6.4m
qld gov't grant $1.4m (will reduce costs over the next 3 months)
get about $4m tax rebate in the next 4-5 months

this is what they announced in the 4c ( 4 weeks ago)

- ev design freeze before the years end
"If the internal validation and testing processes being undertaken by EV1 is successful, the objective will then be for AnteoTech to secure commercial agreements for the sale of Anteo X for use in a broad range of the EV’s that the company produces."

- ev2
"The scoping of EV2’s evaluations are expected to be completed in Q4 FY2024 with the evaluation expected to commence in early FY2025. Based on the volumes of EVs that each company manufactured in 2023, and their forecast growth, this would equate to a significant volume of Anteo X providing a material revenue opportunity."

-giga factory
"A further project is commencing with a leading Giga Factory that produces large volumes of EV batteries. The Factory has approached AnteoTech to assist in their transition to a higher silicon anode. The scoping and deliverables for this project are currently being finalised and it is expected that this will run in parallel with the EV projects."

- ce1
"The first of these projects is being pursued with a leading manufacturer of batteries for wearable products. This manufacturer is undertaking an accelerated validation of Anteo X."

- ce2
"AnteoTech plans to fast track development of the anode with a target to have production of their next generation batteries within 12 months."

SIOI
"The incorporation of AnteoBind into a vaccine manufacturing process, if approved by international regulatory bodies, would ensure AnteoBind would be used for the life of the vaccine which is typically more than 20-years, providing a long-term annuity-style revenue stream for AnteoTech. The discussions for an initial commercial contract are well advanced."

"AnteoTech is a revenue-stage company that provides solutions for the clean energy and life sciences markets using our proprietary applied materials technology."

start producing revenue and the options conversions won't be needed

- non dilutionary funding

"The Company is actively pursuing other non-dilutionary grants with responses anticipated towards the end of the 2024 financial year."

we have funding, the company tells us we are a revenue stage company, have further grants expected with responses in the next 5 weeks, why does the company need to raise around $4m next year at 3.5c. 3.5c is a real sticking point for me as well as the double dip options.

another factor to consider, if these institutions get their hands on these options, they will have control of about 20% of the company. say good bye to voting down anything the company puts up for a vote that long term shareholders don't agree with.

non participating shareholders get massively diluted, hand over control of the company to insto's (if the tech is good as claimed there will be offers coming) for options to be converted at below where we were trading before the raise was announced.

if management are true to their claims, orders for anteoX and anteobind will be locked in and our sp will be multiples of where it is now by the new year, making the conversion of these option unnecessary. a very pivotal few months coming for Anteotech

DYOR, GLTAH, IMO etc etc