Nice to see DS come out of hibernation and agree with BB.
Can understand Hangas frustration, it reminds me a lot of my investment in Unilife which BB is familiar with lol.
If you think Geoff is overly bullish, have a look at Alan Shortall on Unilife! I am still a fan of that bloke and I respect Geoff as well. Can understand shareholder's annoyance due to the decimated SP but if ds isn't frustrated then I'm not sure how some here are. He has put an absolute ****load into this stock and would be sitting on a reasonable loss atm even with possible trading.
I have put my money (not much compared to many here) where my mouth is, that DIAsource will be transformational for Anteo. Having those revenues and being able to incorporate Mix & Go into their products is an excellent outcome.
I used to hold a stock called Somnomed (SOM). That has revenues of $30+m and is valued at over $100m MC. The difference is they have delivered on what they said they would do, over and over again. Anteo have not and that is why the SP is where it is presently. Holders and the market are frustrated that after so many years, our revenue is pitiful and that BBI and POC have not eventuated.
However that does not mean the company is a basket case. People thought that about TZL, another company that Mark Bouris is involved in. That looks to be turning the corner and I believe that to be the case with Anteo.
I believe on a revenue basis, Anteo with DIAsource is undervalued. That is why I bought back in.
We should be getting the Jan - Mar quarterly next week, probably Friday. Should be good IMO.
ADO Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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