Phil everybody loves your post but the reality is they started...

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nashezz

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04/02/22

14:25

Post #: 59359631
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Originally posted by FlippinPhil ↑

I must say I am tiring of the impatience of people on here in regards to commercialisation.
The company has transformed from a component supplier to a an OEM equipment manufacturer in a very short time frame for the industry.
As I have previously said, Phillips spent 6 years and millions and millions of dollars getting their product to work only to abandon it in the end.
We have reportedly one of the best performing tests IN THE WORLD, and are awaiting regulatory approvals for a very new area for Australia.
The company has gone from around 14 staff 2 years ago to approx 50 now, and am sure they aren’t sitting around waiting for the TGA.
This is approx 1 new staff member per month that needs to be advertised for, interviewed, create job descriptions, get trained etc, which is no small feat.
We have brought in new industry experts on advisory panels.
The company has a near term pathway to commence a decent size production facility with plans to rapidly expand towards the end of this year.
They have rented a 2500 Sqm (from memory) facility nearby to house extra staff and the production equipment.
My guesstimate is they have a lot of spare space to house many more machines to produce tests.
On top of all this, they are dealing with some of the largest battery manufacturers in the world with what seems to be a truly disruptive tech.
On top of all that the share price has risen over 10 times in that same time.
Patience is a hard thing to learn, but after holding for nearly 26 years I think a few more months isn’t much to ask.
The company is closer than ever before to a transformation period, so I am asking fellow holders to take a deep breath and stop with the company and board bashing.
I think it’s a case of 50 ducks paddling, with nothing going on above water, but they are paddling their hearts out below.
An oldie for BigE. “It won’t happen overnight, but it will happen”

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Phil everybody loves your post but the reality is they started Europe 'sales' in March last year. We have so far basically sold nada. In 10 months. The media beat up around 'sovereign manufacturing' may well save us with our weathervane politicians but ADO have so far proven no commercial interest in 10 months of sales data out of Europe, in spite of apparently having one of the 'best performing tests IN THE WORLD'.

Caveat Emptor noobies.

ADO Price at posting: 22.0¢ Sentiment: Sell Disclosure: Held
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Phil everybody loves your post but the reality is they started...

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Phil everybody loves your post but the reality is they started...

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