ADO 0.00% 2.0¢ anteotech ltd

Fortunately I couldn’t make the live webinar due to playing...

  1. 811 Posts.
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    Fortunately I couldn’t make the live webinar due to playing golf.
    We were in a bad signal area so couldn’t get much info but could see the SP decimation.
    We were trying to guess the catastrophic revelation that had caused the SP slide.
    Were we being sued, had someone copied our tech, was there a huge disaster at the lab.
    I had the good fortune of seeing the events in the reverse order to most shareholders.
    I saw the SP decline and imagined the worst.
    That night I caught up on HC and saw the vitriol against Derek and imagined the webinar was a catastrophe.
    I then read the PowerPoint, which to my surprise was a good read.
    Then finally got to watch the webinar expecting the worst that could cause an almost 50% reduction in the SP.
    As I watched, the further I got, the more I thought I was watching a different presentation.
    Yes Derek was Derek. He’s a CEO not a public speaker and wasn’t as fluid as a pro. He looked nervous and fumbled with words, but he was honest and didn’t shut down the presentation until he felt he had answered all shareholder questions.
    The answers weren’t what we had wanted to hear, but in the end we have a change in the timelines.
    We all underestimated the time to get to market, including the company.
    Did this deserve such a severe drop in the share price.
    From 40c to 10c, I don’t think so.
    I think Derek has been incredibly honest and I think has a lot of integrity.
    They knew the questions up front and could have cherry picked them and been evasive with the answers, but to his credit went way over time to ensure all questions were answered honestly and fully.
    The company has come such a long way in recent times and I am fully supportive of the management and the way forward.
    I do think that 2022 will see us finally mature and bring our tech to commercialisation albeit later than hoped.
    I feel sorry for those that had to take the steps to sell as I’m sure it will be a slow and steady recovery from here.
    Good luck to all holders.

 
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