My own commercial experience is that in competitive markets, every organisation I know tries to keep the lid on any informaton about its activities, until it is ready to trumpet some success. I've read carefully your previous posts with their well-composed and thoughtful arguments about what further information you believe ADO should release to the market. Each time, I've judged that were I on the Board, I would expect to have regular updates on progress, and that this information would be commercially confidential. ADO customers and partners would expect no less. But any such party would be very upset indeed if ADO released information that would point the finger at what it was working on. ADO cannot and should not breach any commercial confidence. That is always a matter of judgment, but as you and I and other investors do not know the details of projects, the stage or state of negotiations, the personalities involved or the financial terms, we are not in a position to make those judgments.
It's each to their own approach and investing requirements, but when I invest in a large public company, I do so because of its performance and track record, my assessment of its management and Board, the sector it is in, etc. I haven't a clue about the kind of detail that your posts are requesting (and I've course I'd be very quickly snowed under if I did!) So what about a small company like ADO? Well, I do think the Board is steady and competent, and I have been very impressed by its CEO, its chief scientist, and by what I have found on two visits over the last two years at the labs. So I am confident in the integrity of the company, and of the quality and significance of its research and development.
Allied to that, there has been some outstanding forensic searching and analysis on this site, for quite some time. I first invested in ADO some three years or more ago, and have steadily increased that investment over that time. I would invest more today if I had the cash. Why? The progress that has been made over the last 20 months is excellent, the news flow consistent, building on previous announcements, and the forensic work so gracefully provided by other posters can leave little doubt in the minds of many, about some of the main partners involved. I'm scratching my head - what more do you really need?
If ADO does not fit within your investment guidelines, then invest elsewhere, and apply the same criteria for information release elsewhere. I'm sure you'll let us know if you meet with success in the latter regard.
Meanwhile, please let Anteo's CEO get on with his job, which in my view he is performing very well indeed. His willingness to talk with investors individually and collectively, is outstanding. I think he'd be great to work with. The stability of the team in the labs is yet another indication of the leadership he and Joe exercise.
I have been restrained and courteous in this response, as I think this is the best way for us all to operate.
ADO Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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