I am as frustrated and disappointed as anyone but I think the recent drop in shareprice is partly due to the uncertainty in Ukraine - Most of my shares have been hammered ! I can understand why some would sell out given management have not communicated very well on why we should hold on to our shares.
I attended the Alfred yesterday with friends and deposited 5 samples. The trial is progressing well and the clinician indicated they have had a "great response" which I am sure is due to some loyal holders in Melbourne spreading the word. The PCR test sample was taken and immediately placed in the buffer. The Anteo swab was put into a zip lock bag and the clinician indicated it would be sent to the Lab to be tested within 2 hours. So clearly we are looking to prove to the TGA we have a test which will have clear advantages relative to our competitors.
We know that the company's hands are tied when it comes to talking about our test until we get TGA approval. We know battery IP and collaborators are being held "commercial in confidence" whilst they look to seal a deal.
If we get TGA approval our share price will be significantly higher than it is today. If we get a battery deal our share price will be significantly higher than it is today. Both could come together by months end.
C'mon Anteo management give us an update and some hope to keep the faith !
ADO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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