Getting off the ropes having lost all previous rounds.
In terms of updates it'd be great to get back to the Tech and, for batteries, update on progress to get it accepted into any full cell commercial service.
However, that would be naïve given the mess and carnage left by the previous CEO/Chair who have taken a $200M business to less than $20M with complete impunity. Realistically the following updates would be appreciated:
What is salvageable from the previous administration and what else needs to be done to heal the organization
What are the REALISTIC options available and how will they be assessed
Lessons Learned in Life Sciences and Batteries - hard truths
Technology Updates from those that know, i.e. 1. Lifesciences Tech Lead. 2. Batteries Tech Lead. No high school PowerPoints by an individual who clearly doesn't know about the science or was inclined to learn about it.
TOUGH LOVE. Open, Honest and no frills Update. The reality is that all stakeholders need to start with what ADO has now and not what it may have had, that has gone as much as the CEO/Chair who are responsible are gone. If the value burn rate of the previous leadership were to continue then ADO has only 1 quarter remaining.
The interim CEO and new Chair need to be recognised as courageous for accepting the mess from a Chair and CEO that sneaked out the back door.
The investors will have a clear view on the risk and opportunity to try to get this business off the ropes
ADO Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)