Adinotec

1,35 million shares were issued in 2006, initially traded at €55,55. During the first half of 2005, revenues of €347.000 were generated, with a posted loss of €193.000. In the first two quarters of 2006 the loss rose to €800.000 against revenues of €900.000. On 18 April 2008 the Annual General Meeting decided to change the company name to Adinotec.

The original purpose of the company was to manufacture nanoparticles of between three and ten nanometers for use in food supplements and in cosmetics. Grinding down various minerals to nanoparticle size, using a novel mechanical process, was supposed to facilitate their absorption by the human body and increase efficiency. Scientific corroboration of the claimed beneficial effect of nanoparticles proved elusive. For that reason, the company abandoned its initial research into nanotechnology and focused on the manufacture of polymer additives used in road construction. The leading product, initially branded nanoSTAB, was manufactured by a subsidiary named Poligate.

On 28 August 2009 the management board decided, with the consent of the supervisory board, an increase of share capital of 600.000 EUR, which fell well within the limits of the already authorized capital. First, a cash capital increase with subscription rights was carried out up to EUR 200,000 by issuing up to 200,000 new shares. A statutory subscription right was granted to entitled shareholders in the way that new shares could be offered through VEM Bank AG at a ratio of 2:1 for a subscription price of EUR 10.00 per share.