I haven't posted here for a while, thank you to all the regular contributors that have kept me and others informed. I have been one of the fortunate investors in ADO who sold out in the highs , and have taken a position again through the generous options from the last capital raise.
I'm hopeful, but this seems to have Mercedes written all over it. AnteoTech simply do not have a balance sheet compatible with becoming a key supplier to Mercedes. To become part of the design freeze, and thereby implied key supplier, Mercedes would need to strategically "stabilise" Anteotech, ensuring continuous supply. This is particularly relevant on a unique component where substitutes are not available.
An extract from the standard new supplier contract to MB
Fingers crossed, but this could be the "material" capital raise that turns around the fortunes of Anteotech.
All IMO DYOR
ADO Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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