ADO anteotech ltd

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Ellume puts Australian arm into administration, page-18

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slippin

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01/09/22

18:04

Post #: 63469123
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Originally posted by Pippen0 ↑

Am I the only one not concerned??
It’s not ideal that Ellume Aust. is shutting down BUT Ellume’s US factory is the place that’s going to be pumping out 10’s (100’s??) of millions of tests with ADO’s special sauce in them.
They are still going gangbusters because the have a $300mil contract with the US Department Of Defence.

I feel sorry for the workers that are going to lose their jobs, but that aside, i can’t see it affecting us, apart from people not understanding who’s who in the Zoo and them thinking Ellume worldwide has gone down the gurgler and so they sell their ADO shares at a stupidly low price (the current price)

unless i am missing something......??

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Same here Pippen. I’m not getting the concern being expressed by some.

I don’t see how Ellume Australia going into receivership is such a bad thing for AnteoTech.

In the coming weeks, we may or may not see Ellume Aust close their doors.

We won’t be supplying them any more product and they owe us about$130,000.00. Big deal. We supply Ellume USA.

Storm in a teacup if you ask me.

ADO Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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