Thanks Captain ,very well researched as always , its my view our...

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semi retired

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03/08/24

13:14

Post #: 75056289
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Originally posted by captainblood ↑

just to start, the market is never wrong it's always correct, it values ADO at 2.0c at the moment

the period before the cr ADO was trading at around 4 c. a surprise, in the week before the cr it was traded down to 3.5c. there was about 2.2b shares on issue and 180m options, so close to 2.4b

the cr (which I voted against the options) added 272m shares and a possible extra 272m option plus 20m to the organiser. so around an extra 560m shares which ADO raised $6.4m and a possible $4m plus in early April. the 2nd option is so far away it's insignificant.

so a dilution of 560m or about a 25% dilution (if all options are converted), but the price has fallen by close on 50% from a week before the cr.

I understand why, the selling this week at 1.9c - 2.3c with options selling at .6c, somebody wanted out, others have to sell, the very negative sentiment toward the company here etc etc.

but what has changed since ADO traded at 4c.

-25% dilution
-raised $6.4m
-ability to raise $4.2m in early april
- leading wearables battery manufacturer entered into MTA
-validation program with CNT manufacturer started
-ev1 partnership anode reached 1000 cycles
-partnerships with vertical take off equipment,starter batteries for e'vs and a range of e-mobility companies
-partnerships with 5 more ev companies taking it to a total of 7
-MTA with battery separator company
- $1.8m 5 year deal signed with serum institute of india, with plenty of scope of increased product usage
-ev1 prototype program is commencing
-jv with ev2 getting closer
-confirmation that the 1st batch from our production facility is scalable and meeting quality stds
-plans for expansion of production facility to 100k litres
-launch of a new product anteobindNXT
-working with Australian depts on biosecurity tests
-working with Indian POC companies
- several non dilutionary funding possibilities have progressed
-appointment of VP international sales based in europe is being finalised
-more data of performance for CET and life science divisions

a huge amount of fundamental progress and our 1st commercial deal signed and the sp is still 2c

as I said at the top, the market is always correct

GLTAH

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Thanks Captain ,very well researched as always , its my view our gloriously successful adviser and manager the Hawkesbury gang that have a lot to answer for the share price and 2.5c raising being so low , yes and those bonus options they ended up with now trading ? sack them ASAP so shareholders can remove the Hawkesbury boot still stuck up their behinds .

Last edited by semi retired: 03/08/24

ADO Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $54.31M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.1¢	$34.25K	1.561M

Buyers (Bids)

No.	Vol.	Price($)
3	695087	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	100757	1

View Market Depth

No.	Vol.	Price($)
3	695087	0.021
7	313601	0.020
7	861397	0.019
7	2261668	0.018
4	190661	0.017

Price($)	Vol.	No.
0.022	100757	1
0.023	208083	2
0.024	1030300	4
0.025	1238770	10
0.026	45454	1

Last trade - 16.10pm 09/09/2024 (20 minute delay)

ADO (ASX) Chart

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