ADO 0.00% 2.1¢ anteotech ltd

"Anyone who doesn't want this should leave the company...

  1. 8,868 Posts.
    lightbulb Created with Sketch. 2546

    "Anyone who doesn't want this should leave the company immediately!"

    So you're asking at least one director to resign and the bulk of shareholders to sell their shares.

    "What if Anteo qualified for a much larger financial contribution, with X amount of equity? Do you want to take the risk of not receiving this financial support?"

    and how exactly do 3.5c options help with this?

    "Anteo is now also being discussed in Europe, but I'm sure you're not interested in that if you're not interested in Anteo's financial situation!"

    We're very concerned about Anteo's financial situation. Wiping almost 50% off the market cap and giving away stock at crazy prices has left us even more vulnerable to a takeover

    The options were just plain stupid. 2.5c was already stupid but to add 3.5c options on top was insane.

    Find me one broker who thinks this placement was well done. It made Anteo's management look very amateurish which is not want you want when trying to attract funds which are serious about taking a 'long-term' position in the company.

    I voted a big fat NO yesterday.
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
0.000(0.00%)
Mkt cap ! $51.83M
Open High Low Value Volume
2.1¢ 2.1¢ 2.0¢ $71.22K 3.541M

Buyers (Bids)

No. Vol. Price($)
3 1661996 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1293442 3
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.