true potential, page-30

would like to add more to the discussion on potential of ADO.

current sp = 7.6c
total diluted shares on issue = 800mil <-- (someone pls clarify?, thx)
current MC = 60mil
current cash position (as of last qtr - 2.3mil)
cash of conversion of 85mil options expiring 2 feb 2011 at 6.5c = 5.5mil

currently market is valueing ADO's mixngo technology at 52.2mil

SP rerated significantly with Bangs lab signing and imo Bangs lab is small, but the fact that a/any bead manufacturer would make use of ADO technology means it is proven to be useful for that market.

so i reckon we can apply the same concept to ADO again if we do see a player, any coy from a market other the beads signing with ADO, there's bound to be significant re rating.

bear in mind also that bead manu : 5-10mil is one of the lowest potentially earning market. other markets ranges from 30-250mil. so if another market does sign for ADO.

e more deals signed (esp with another market) the more proven ADO's technology is and it will definitely not be worth only 52.5mil. imo 200-300mil in the short term?