But the 249m entitlement offer is not underwritten - it is also not available to those new shareholders who have come on board under the initial placement of $3.5m (their settlement date was the 19th and the record date was the 18th for the entitlement offer).
Only existing shareholders from before the $3.5m placement can apply under the entitlement offer. So I'm not sure how larger entities can obtain shares under the entitlement.
The only way may be under this
And this is a possible option ... but perhaps Anteotech look at doing something around February if they do release some good announcements which may happen Q1 2025 CY and which do attract wider corporate interest. I'm not sure but I assume they can issue the remaining unallocated entitlement shares at whatever price they deem fit at a later date.
ADO Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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