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If a company were to agree to putting up say 3 million, they...

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jimb7

221 Posts.

13

05/03/20

10:19

Post #: 43316211
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Originally posted by Peekay: ↑

Havnt missed anything RP as they are still in validation phase. A lot of people are just dissappointed that they havnt managed to get an upfront payment from any of Japanese collaborators.

I personally thought that it was always a long shot that anyone would tip in 'a few million' before the validation was completed. People talk like its easy for a large company to throw $1m-$3m at a company you may be interested in, but it's still millions of dollars. No board would allow such an investment until validation has been confirmed.

So, at this moment we are still in play with all 3 battery collaborators. The making or breaking of ADO will be after the testing has been completed in Apr/May. If nothing positive comes out of this, then I dont care how management try to spin it, it's game over.

Let's hope it doesnt come to this.

Peekay

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If a company were to agree to putting up say 3 million, they would want some agreement to sole rights over the binder.
Maybe anteo wouldn't agree to this

ADO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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