why ADO is a multi multi bagger, page-1739

just to start, the market is never wrong it's always correct, it values ADO at 2.0c at the moment

the period before the cr ADO was trading at around 4 c. a surprise, in the week before the cr it was traded down to 3.5c. there was about 2.2b shares on issue and 180m options, so close to 2.4b

the cr (which I voted against the options) added 272m shares and a possible extra 272m option plus 20m to the organiser. so around an extra 560m shares which ADO raised $6.4m and a possible $4m plus in early April. the 2nd option is so far away it's insignificant.

so a dilution of 560m or about a 25% dilution (if all options are converted), but the price has fallen by close on 50% from a week before the cr.

I understand why, the selling this week at 1.9c - 2.3c with options selling at .6c, somebody wanted out, others have to sell, the very negative sentiment toward the company here etc etc.

but what has changed since ADO traded at 4c.

-25% dilution
-raised $6.4m
-ability to raise $4.2m in early april
- leading wearables battery manufacturer entered into MTA
-validation program with CNT manufacturer started
-ev1 partnership anode reached 1000 cycles
-partnerships with vertical take off equipment,starter batteries for e'vs and a range of e-mobility companies
-partnerships with 5 more ev companies taking it to a total of 7
-MTA with battery separator company
- $1.8m 5 year deal signed with serum institute of india, with plenty of scope of increased product usage
-ev1 prototype program is commencing
-jv with ev2 getting closer
-confirmation that the 1st batch from our production facility is scalable and meeting quality stds
-plans for expansion of production facility to 100k litres
-launch of a new product anteobindNXT
-working with Australian depts on biosecurity tests
-working with Indian POC companies
- several non dilutionary funding possibilities have progressed
-appointment of VP international sales based in europe is being finalised
-more data of performance for CET and life science divisions


a huge amount of fundamental progress and our 1st commercial deal signed and the sp is still 2c

as I said at the top, the market is always correct

GLTAH