Problem is we still have no follow up contract with Ellume as the current contract ends this calendar year.
This is a risk to our raw material side of things.
While I believe we will have a favourable contract in place eventually, the boards take their time to publish it, especially when considered how much money is riding on this for Ellume.
Anteo's share price explosions all happened due to the Ellume connection ( first time round from 10 cents when Ellume published its US army contract, second time from 25 cents when Ellume placed its product on US shelves ), not yet on our own accord, so to speak.
Our revenue in the bank is minimal, even though massive improved from prior quarters, which were basically non existent.
It all smells a bit of buy the rumour, sell the fact.
We have no idea of the numbers, only Operon connection is mentioned, also not contracted.
Again, I see this forthcoming, no doubt there as we have the CE mark.
There are a lot of unknowns for a market cap of 720 mil.
Very very lofty.
The caution of some is mirrored by me, a staunch supporter of the tech, who has been in this from 1.3 cents onward, as I believe US based trading has gotten ahead of itself, as it does over there in numerous areas.
Retailers in the US, mostly, young, pushing the market for the last 5 weeks, while hedge funds are selling since 3 weeks.
There might be a reckoning coming for the market.
As for ADO, there is certainly a fair value evalutation coming by June.
Looking forward to it
all IMO
ADO Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
