Somethings up?, page-81

At least Alethia has got it right in respect of GC. It was GC who very colourfully painted the picture in respect of being perilously close, so many deals before Xmas, so many deals of $10m or more just waiting to be concluded, the Chinese deal and of course BBI.

Surely a CEO in charge of the operation and personally involved in discussions with all likely customers should have been able to get at least one decent deal over the line so that funds were available to further develop the technology and forge ahead with more deals.

For someone who was so positive in spruiking about all of the opportunities he informed us about he has been deafeningly silent in providing explanations about what went wrong in respect of each and everyone of these deals that failed to materialise. They just seemed to vanish into thin air and once they are gone it appears that they are no longer worth talking about or wasting time on.

Surely he and the BoD should have learnt something from their early failures and addressed the issues that caused those failures. This does not appear to have been done. What were the specific reasons for each and every failure to achieve a deal. For too long they have hidden behind contract terms preventing disclosure. However, the necessary information about why deals failed to eventuate can be provided without identifying the parties concerned. If a failure was due to an inability to easily incorporate M&G into existing production lines why not just say so. If it was regulatory approval this information can be provided without identifying the party involved.

Surely other tests have been developed which could have or should have been developed to incorporate M&G in the production line and regulatory approval process from day one. If testing incorporating M&G was so much better and also so much cheaper then why wasn't a single deal signed.

We also need to know what happened with the batteries when it was established many months ago that M&G improved the capacity by a factor of 7 fold. It appears that battery claims went into a hiatus for some months before being resurrected as our saviour, spruiking the same details that disclosed many months earlier with the only addition being that it was being referred on for testing with results becoming available some time in or after June 2018.

Surely everything hasn't simply come to a standstill until the battery testing has been completed. What about Ellume and others that were testing and using M&G. There must be some progress there that can be reported on!!!

Many of us invested in ADO based on the glowing information released by the company about this ground breaking technology and the even more (unashamedly) glowing announcements about deals being perilously close and the number of deals that were virtually being thrown at the company for signature.

We deserve to know what happened, why it happened and what action has or is being taken to ensure that the mistakes of the past are not repeated in the future.