Ann: Partnership Secured with Global Battery Supplier, page-27

As a shareholder for 10 years and once again some optimism in the air, my thoughts go to how the conversation goes with a major batter end user (MBEU) at the board table with ADO.

We love your disruptive technology, no one else appears to be lodging similar patents, the silicon mystery finally solved. We want to do business

ADO - That's great mr MBEU how much would you like to pay?

MBEU - Not much... How much would you like us to pay?

ADO - Dunno really we haven't thought about that. We've been too busy getting the patents sorted.

MBEU - Do you want an upfront payment, a royalty, price per kg for (Anteocoat), what?

ADO - Well maybe some upfront to keep the shareholders happy. dunno how much lets pluck a number out of the air. We will get back to you on that.

This is how I feel as a shareholder putting a value on any of these deals and how I feel ADO is situated with it . Never in 10 years has there been an indication to the shareholders (that i'm aware of) whether this is worth 1 million 10 million or 100 million. Until we get some quantative analysis about this from the company we are all really in the dark completely. I haven't seen any hard questions asked or more importantly answered in this sphere about this technology that is obviously ticking boxes as it is developed. That's why we are all here in the first place.

Perhaps with this sort of information, analysts and investors can then put a number on the potential and a true share price can be reached.

Be great to hear some thought on what we are talking about here in terms of $$$ and be better to get an idea from ADO as well.