Running the numbers

Have been working through the available detail to get a handle on ADOs financial position post DIAsource deal consummation.

I am coming up with some very challenging numbers for ADO management in regard to cash on hand and working capital. Then original deal with the CN provider had around $5M of additional working capital to add to the estimated $2M to $3M cash which ADO has on hand. Under the new deal there is commensurately less debt but also negligible additional working capital was raised when all disclosed costs are factored in.

An update from the company would be welcome to detail the new arrangements and address uncertainties arising from the last minute reframing of the deal and the timing issues it has raised.