ADO 0.00% 2.7¢ anteotech ltd

Whilst I agree that we are indeed overdue for an update in light...

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    Whilst I agree that we are indeed overdue for an update in light of the very positive tone of CEO Geoffs commentary over the last few months, I do not believe that we have been deliberately duped in bringing the SP above the options conversion price.

    The recent actions of directors, our Chairman and their related entities in relation to significantly increasing their holdings, as well as the strong holding of our CEOs brother suggests to me that we are indeed incredibly imminently perilously closer to a decision that will define this companies future.

    In a conversation with Geoff recently, he personally apologised to me for the appearance of a "pump up" that many have speculated was just to convert the options.
    He told me that he had been severley chastised from many quarters for his use of language, which to date, has unfortunatley seen no visible results.

    He told me he was led to believe that one of the companys that were finalising testing, was at the brink of a decision, and opted at the last minute to do another 3 months comparative testing, which is again nearing the decision time.

    I dont believe we will see him be so upfront without actual decisions and contracts in place in future due to being embarrased this time by circumstances beyond his control.

    I believed he was genuine in his remorse, and equally, believed that he was truthful about his expectations of a perilously close decision at that time.

    Companies get slammed for no news, ala OBJ, and then get slammed for providing a pehaps overly descriptive summary of where they think we are at, that turns out to not hit the expected timelines.

    I guess time will tell if Geoffs credibility remains intact or dissipates, but for me, I am holding strong based on my confidence in both Geoff and the company from attending the AGM and meeting them all, and discussions since.

    Agree with Surges, that this quarter should be the one.

 
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