why ADO is a multi multi bagger, page-2798

shareholders have received a lot of info over the last couple of weeks. here's something to think about with funding and credit raises.

QLD grant funding for $1.4m was announced 27/3.  



today in the quarterly it was announced



if you look at the AABC presentation with the graph of the performance of the anteoX enhanced Mercedes anode hitting 1000 cycles @ 73% capacity retention, you can estimate that Ultranode would be very close to hitting 800 cycles at 80%.  will this trigger a milestone payment?



the arena grant is a 3 year program with hitting 1000 cycles at 80% capacity retention.




Anteotech produced its 1st Ultranode battery in January this year. and have hit 900 cycles at >70% capacity retention now. only need 100 more cycles and 10% more retention. I would imagine Manuel and the team would have learnt a lot since January and would be running test with many different anode/cathode/electrolyte formulations at the moment with our improved testing ability.

don't think they will need 3 years for the arena milestone and 11 more months for the QLD milestone. meaning a certain amount of the $5.4m could be in Anteotech's coffers relatively shortly.

also this is what happened last year with the January quarterly with the tax rebate included





a bit of creative book work will cover the 2 quarter funds requirement for the jan quarter. $2.4m tax rebate with similar figures would leave around a $200k loss.

then the cr options full due middle of April if holders want the double dip.

so with some of the $5.4m of grants in ado's bank,  tax rebate jan quarter and the options in the money by middle April, a cr mightn't be needed. (but this is anteotech and it's best to not totally discount anything.)

$349K today which is big improvement, build on that, grants, tax rebate and option conversion and a big Mercedes partnership/investment ( the mercedes bit is wishful thinking and I still really enjoy writing mercedes as a partner ) and cr will be a thing of the past!!!!!

just something to think about

GLTAH