Private placements appear to be the only thing that Ants management is good at these days.
What is more amazing is that Ants keeps on finding more and more suckers to invest in them. Don't these guys see how many placements have been done in the past couple years and the lack of return for most of them?
Of course each new investor starts off thining that he could at least get a double only to watch the stock go lower each time. Maybe at 10 cents per share, this time the investor maybe able to profit.
I'll give Ants management credit for being able to find willing parties to give them cash in exchange for stock and warrants. They should change their business model because they are so successful at this.
Two more placements since my last post on 7/20. Quickly losing count on the number of shares outstanding.
Wonder what Ants is doing with all the money raised?
Are they paying themselves salaries or are they actually paying their workers and vendors?
This placement was with Constantin Zdarsky who is one of the--if not THE--major shareholder in the company. Has a major stake for years now.
Major Direct Holders (Forms 3 & 4) Holder Shares Reported ZDARSKY CONSTANTIN 9,845,700 Jun 29, 2010 HUTTON DONALD RODNEY 3,399,943 Oct 7, 2009 KOZAK JOSEPH 1,602,500 May 4, 2010 CAMPBELL CRAIG LYLE 178,839 Oct 31, 2010 BUCKEL DAVID 160,521 May 9, 2011