In keeping with some of the previous comments throughout the day yesterday Im going to add my 2 cents and pump some significance back into the recent SP movement and why.
As we know from both announcements from GC/ADO and the excellent forum on HotCopper, ADO's announcement of the Head Of Terms with BBI/Alere is HUGE. Basically in Layman's terms this is what BBI/Alere are saying.
'We are going to use ADO's Mix n Go in our next generation product range as it is showing game changing results in our industry. We want to continue to be the leaders in this market with innovation and continuous improvement. ADO's product will be a huge contribution to this. Also we do not want to delay this development so we have pulled extra resources in this regard off another project to make this one happen in 8 months instead of 14 (significant much!). We have every intention in coming to a commercial agreement which is why we are already spruiking about our product at the recently held Medica 2013. So basically we are using this time to integrate mix n go with the product successfully and negotiate money/royalties with ADO.'
Make no mistake this is the statement being made here.
Sometimes better to step back from all the info break downs and just use common sense on what is staring you straight in the face.
Now combine this with an impending deal currently being negotiated with a Chinese IVD company with an announcement expected soon and yet another POC company well into a project to integrate Mix n Go. This as well as all the other avenues currently being pursued by our very competent management team and PROVEN CEO in this Industry who recently secured $1.8 million dollars in an Early Commercialisation Grant.
2014= All passengers on board strap in......first stop the moon! ( brief stopover for drinks & refuel ) then blast off into who knows what level, though it will surely be good. A lot of talk on risk/return etc. well there is risk in everything 2008 showed that your blue chips can turn around and take your investment as quickly as any other, this company is currently considered small and has still lasted a long time and made constant ( some might say slow ) progress toward the goal post and it is close now no doubt.
In closing to those who still consider this high risk......it is. For you that is. As it is much harder to gauge when a rocket is about to blast off when you are not there to here the countdown.
As for me Im already in Phuket laying on the beach celebrating with nothing other than gratitude that I was pointed in the direction of this great company that will not only benefit me greatly financially but also benefit the seemingly many industries throughout the world with their unique product.
I feel obligated to say all IMHO however I believe I just summarised some facts :)
Good Day
ADO Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
