I'm wondering if ADO are about to obtain a large amount of funds from the National Reconstruction Fund, which would be in the form of a loan. By doing the CR this will give us the evidence we can meet interest payments. I would also think this would coincide with a MB deal. IMO if MB includes us in the design freeze and proceed to a contract we will need considerable funds to establish in Europe and ramp up production (Even under licensing model) might be pies in the sky however apparently the NRF will start making announcements in the next few days and weeks. Again IMO, ADO would have been unable to make reference to NRF and must demonstrate we can meet the fund's criteria. To me we seem like a good fit for NRF. DYOR
ADO Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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