Income will start to stream in next quarter from Bangs and increase with sales.
The imporatnt thing is overheads are almost lower than my kids school fees and they are sitting on a company making announcement with no cash pressure for years.
Below, as Geoff pointed out, is why all the options were converted at such a small premium.
"A project is well advanced with a major global IVD company that has, as its objective, development of an ultrasensitive blood test that delivers consistent results from multiple batches of Mix&Go?. Achievement of this objective is expected to see: this assay replace the existing assay for this test in the market, a Supply Agreement signed for the use of Mix&Go? with this company, and the use of Mix&Go? to be migrated broadly across this company?s test menu. We expect our inputs to be complete by early May and these results will be submitted to the IVD company?s executive committee for commercial consideration. Another Top 10 Global IVD company approached us with a desire to enter into a collaborative project. "
Very exciting few weeks ahead.
ADO Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
