Cash flow and concentration. I asked Geoff that question at the last AGM, and he was clear cut. Doesn't want to dilute effort and management, until Anteo establishes a firm base in the present field, and becomes strongly cash flow positive. Makes sense to me. But you're right, dontaskme, there won't be quite the same long lead times and critical concern about human safety etc (safety will obviously remain important, but it's not at the same level as medical efficacy); nevertheless, switching manufacturing processes, supply lines, marketing, will take some time. The present three contracts for MixnGo are down at the lower end of the chain; it takes longer to make the switch the further up the chain you go.
As has been pointed out by others on numerous occasions, the larger the customer and its base of products, the longer it takes to make such a change as MixnGo involves. What will be important as Anteo prepares to enter other fields, is to identify potential early movers, and critically, postulate migration strategies for their prospects. For example, if it be paints, then focus on a speciic product line, where there is a real need for a quantum step forward. Anti-fouling paints have been noted previously.
Finally, as noted on other threads over the last 24 hours (and previously), many buying into ADO are not simply "fly by night" investors. These threads show very clearly over a long time, a very consistent quality of research and observation, that can provide added confidence to the serious investor.
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Last
2.1¢ |
Change
-0.001(3.67%) |
Mkt cap ! $52.28M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.1¢ | $7.812K | 349.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 828094 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1102151 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 828094 | 0.021 |
7 | 1691000 | 0.020 |
2 | 782500 | 0.019 |
7 | 2041613 | 0.018 |
5 | 1374748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 1102151 | 4 |
0.023 | 22000 | 1 |
0.025 | 40000 | 1 |
0.026 | 76000 | 2 |
0.027 | 22000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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