I must admit that I start getting turned off if not to say pi... off by these posts that with all thinkable and unthinkable efforts try to find negative aspects in whatever ADO is doing.
We need to appreciate the fact that ADO Batteries practically is a NEW company - when was it established? It escapes my memory but is it more than 2 or 3 years? Look at any new company: how long does it make money (if it survives at all)? If it concerns any kind of novel technology or platform like business it takes years! Between 5 and 10 I`d say. Just read through a short history of facebook and just look how long that sheet took to make money and how much money was dumped into it before.
So, relax a bit. ADO Battery is still an early stage company. And taken that into account it does fairly well - to say the least.
Making profit as a company may not be required to make you profit as a shareholder before. But please do not confuse these views on the same issue: your view is a different view than the view of the company to develop its business (I was worried if the primarily focus of the company was to develop its shareprice!).
That said above: ADO POC and related business looks like come into fruition now, slowly. After how many years? 10? or more. Well, still in the range I`d say...
So a bit more balance, please.
ADO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
(20min delay)
