may be the CR is to cover a) the cost of building/purchasing the...

may be the CR is to cover
a) the cost of building/purchasing the production line ramping up from 20,000 to 80,000 since they have to show they can cope with bigger production in order to finalise the contract requirements stated in the MOUs

b) to have financial reserves cover any legal costs regarding Ferro issues if that goes to court it will take years to resolve....

c) considering ADO has had very very little income until now, money has to come from somewhere it just does not appear out of thin air does it...

it was 'written'/hiding in full view in the last 4C that there was hardly enough cash left in the kitty for 2 quarters so it's no surprise they need to do a CR, follow the money trail....

ADO is at the gate of the Valley of Death in its development journey from a research company to becoming commercial company it will take a lot of money to get over the gap.
it is what it is it's not the first time and probably will not be the last time that ADO has to pass the can around to SH
leave emotions out of it it's always been a SPEC stock 100% risk of losing it all
risk averse then may be the time has come to set the 'stop loss' in place! = caution and capital preservation

not advice DYOR just talking to myself here.....