Speaking of he who cannot be mentioned. Saw this on his site:
On this track, something that has been mentioned a couple of times on Hot Copper (or, the shareholder-forum-that-shall-not-be-named, if Chris prefers). ADO leases the whole, or a large part, of their building, and there seem to be several sub-tenants occupying the extra office and lab space in the building. Looking at the 3/4 4C, it seems any income from this source seems to be in this “customers and government grants” statement as well.
Seems a bit on the nose, really.
Haven't looked at any Annual Reports for ADO but is there any declaration of this in 'Related Party Transactions' section or are these tenants seperate entities. If this is true how much of the $300,000 a year thought to be from sales is actually lease income from tenants? May be a red herring or could be a useful question for Geoff at the next AGM.
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