Ann: Trading Halt, page-162

They have been saying for a while that they were having serious talks with multiple people.

What if one of these prospects said: "So if we wished to order order 520M ARTs at $25 in June for delivery over the following 12 months what sort of shape would you be in to fulfill that order?"

Anteo would need to get a lot of stuff moving in the next 60 - 90 days and not all of that could be contracted out or financed by prepayments or short term lending facilities. Just getting enough skilled warm bodies up to speed to do all the negotiation, project planning and project control might demand an immediate start.

Easy to see how a sudden need for $10M - $15M could come up suddenly.

It may indeed be cheap shares for mates and bludgers but the quid pro quo is that Anteo will have a sufficient bank balance to start making leveraged activities happen on a very short time frame in a way that organic growth or going to the shareholders would simply not allow.

Only an opinion, but I can easily see how this may have happened - there must be a lot of people who would like to kick some Covid goals and our ART may just be the perfect enabler for them. No surprise if some of the people knocking on our door may be progressing to asking us some very hard questions.

GLTAH.