Hi Hughjas,
A good place to start is listening to the last 2 BRR broadcasts....
http://www.brr.com.au/asx/ADO/anteo-diagnostics-limited/
What ADO do is improve existing products in the Diagnotic market. The best way to describe it is the following.
ADO have invented the straw. They are selling this to all the Popper companies to attach to their poppers. It doesn't replace the strawless poppers, but makes them better. They are now looking to sell their straws to the Soda companies.
This is a very basic comparision, but explains the concept.
ADO's product is called "Mix n Go". It is a coating that it is applied to Diagnostic beads (which is $Billions a year). They have basically signed MDAs (Material Discloure Agreements) with all the major Pharma companies.
Mix and Go makes the exisiting products better, faster, and cheaper (by using less). Like MHM, they are just starting to crack the Revenue monkey.
Also like MHM, they went Red Rocket back in Jan 2010 on news of their first signed deal and went to 10c (Like MHM ran to 40c on the Alcoa news)... and then it has been drifting (just like MHM did)...
We are waiting for the "fish slap" moment.... the moment where the market awakes to the upside. This happened to MHM 3-4 weeks ago.... it has yet to happen to ADO.
Just like MHM, it has 50-100 bagger potential, because it is a game changer technology, piggy backing on to the majors.
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