2012: ADO signs licence agreement with eBioscience 2013: ADO enters Sales Partnership Agreement with Gennova 2013: ADO enters Sales Partnership Agreement with OneWorldLab 2013: ADO enters into a Feasibility Agreement with unnamed global healthcare company 2013: ADO signs a Heads of Terms with BBI.
nothing wrong with any of that.
but where is the upfront money for companies such as Phillips/BBI to play with ADO's wonderglue? I would have thought that a decent slab of money would have changed hands when, say, Phillips got their hands on MixnGo and started to incorporate it for use with their POC device. And I'm talking millions of dollars - but instead we hear about the cosy collaboration of scientists on both sides with little mention of any cash changing hands for allowing Phillips the privilege of working with ADO's product? This is very odd to me. And just how long will it take before Phillips/BBI cough up some royalties for even attempting to use MixnGo in their POC products. So far they've been getting ADO's help for little or nothing. As I said, something fishy here IMO - it stinks. Looks to me like ADO is getting done over by the experts.
And 'Geoff' shows some concern in his famous email. "Both of the POC companies that you refer to in your email are actively involved in testing our product. The results, in both cases, have been outstanding and we are currently awaiting direction on how we move forward. Progress is frustratingly slow and not a function of the benefits we are able to offer. In my view it is a reflection of the rate at which wheels turn in large organisations."
he earlier mentioned ADO were getting some "nice revenues" from their customers - he should have said Nice Little Revenues.
you may not care about the financial side of ADO's current activities, but the market does, in fact it's all it cares about. Maybe that's why the share price is getting hammered.
Ok Phillips and BBI - you're using ADO's gear to improve your products so why aren't you properly paying for it?
(all in my opinion)
ADO Price at posting:
18.7¢ Sentiment: None Disclosure: Not Held
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