good to see directors remunerations are minimal. Corporate responsibility shown there with no hidden agendas it appears. Just a focus on making this company work.
As far as cash generation goes its becoming a one trick pony (IMO) hoping the major battery end user will sign off with a cash commitment. Would have to be by mid '19 otherwise the cash position is untenable IMO. Sure there's progress in diagnostics but can't see any cashflow generation in the above time frame.
Just goes to show the disaster Diasource ended up being although as has been noted before without that evil as it turned out I don't believe ADO would have been here today. In hindsight the EV battery market has evolved incredibly in the last 18 months so I think the timing now makes our battery patents much more valuable. Time is of the essence not only for ADO but also for a battery supplier (end user) to come up with that disruptive technology using Anteo products the industry is obviously crying out for.
I'm confident the direction the company is now taking. Am I confident ADO will survive and get cashflow positive in time, hmmmm i'm not convinced yet.
So heavily invested in this so there can only be one outcome!
ADO Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
