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2.4¢ anteotech ltd

I was commenting on the way posters treat each other, rather...

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What A Gas

5,977 Posts.

1545

01/05/24

10:34

Post #: 73602602
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Originally posted by opel24v: ↑

losing $$$$ doesn't bring out the worst in me, having to tolerate stupidity does!

What the hell were management thinking pricing the SPP so low and with such a crazy option structure.
2.5c was already stupidly low but to add 3.5c options was a real kick in the guts and then bonus options on top! WTF

We'd survived the Ferro case, we were in a very positive uptrend, many were buying around 4c. We had renewed enthusiasm for the stock....

then wham!!!!!

Hit with this stupidly underpriced placement which every man and his dog could see was going to kill the SP.

The SPP has taken ~50% off the SP

$40m wiped off the market cap in order to bring in $5m

I'm surprised Anteo are even calling to see if shareholders are participating in the SPP. I thought the answer would be obvious???

You won't find one person who thinks this placement was managed well

Understandably it's caused tensions to run very high in here

and it's also pissed off the only broker who gave us positive coverage, who also happens to be mates with Australia's biggest clean energy investor

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I was commenting on the way posters treat each other, rather than the situation - which (IMO) is beginning to look dire.

ADO Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $59.14M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	25000	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	1584463	3

View Market Depth

No.	Vol.	Price($)
11	2822744	0.023
11	1591000	0.022
15	2026437	0.021
11	2344087	0.020
3	1009000	0.019

Price($)	Vol.	No.
0.024	517450	3
0.025	1584463	3
0.026	657630	5
0.027	879458	6
0.028	1126000	4

Last trade - 07.30am 27/05/2024 (20 minute delay)

ADO (ASX) Chart

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