In the next month or so I'm hoping to see evidence of cost cutting and the SIOI relationship further strengthened. Vidcare news is due around this time also.
As for the EV's, while this is one of our end goals, we need to remain funded in the meantime. It looks like the company is now going to do what it should've done two years ago and go after the smaller fish i.e. consumer electronics, power tools etc, while at the same time keeping the MB and other EV company's relationships alive. I still shake my head that management never pursued power tool, drone, e-mobility companies etc. They got dazzled by the shiny MB logo and we paid for it, badly. Sure, they did previously mention other companies but did we ever see a development agreement with them? Nope
We still have two quarters of funding and with the right capital management, we could make this last a lot longer. An expanded SIOI relationship could get us close to cashflow positive with the right cost cutting.
At 0.8c, the company is not being fairly valued ( $22m MC) but that is to be expected while we go through this phase. Still a lot of uncertainty.
The next 6 months could prove to be very exciting. Will we all get rich? maybe, maybe not, but the company should be in a good place to ensure it'll be in a position for strong growth and to weather any future storm
Do we lament what we've lost? or do we remain positive about what we still have?
Could 2025 finally be the year of ADO ...
ADO Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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